Common use of Optional Increase in Aggregate Maximum Credit Amounts Clause in Contracts

Optional Increase in Aggregate Maximum Credit Amounts. (i) Subject to the conditions set forth in Section 2.06(c)(ii), the Borrower may increase the Aggregate Maximum Credit Amounts then in effect by increasing the Maximum Credit Amount of a Lender or, with the written consent of the Administrative Agent and each Issuing Bank (such consent not to be unreasonably withheld or delayed), by causing a Person that at such time is not a Lender to become a Lender (an “Additional Lender”). Notwithstanding anything to the contrary contained in this Agreement, in no case shall an Additional Lender be the Borrower or an Affiliate of the Borrower.

Appears in 3 contracts

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Credit Agreement (Halcon Resources Corp), Credit Agreement (Montage Resources Corp)

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Optional Increase in Aggregate Maximum Credit Amounts. (i) Subject to the conditions set forth in Section 2.06(c)(ii), the Borrower may from time to time increase the Aggregate Maximum Credit Amounts then in effect by increasing the Maximum Credit Amount of a Lender or, with the prior written consent of the Administrative Agent and each Issuing Bank (such consent not to be unreasonably withheld withheld) by increasing the Maximum Credit Amount of one or delayed), more Lenders or by causing a Person one or more Persons that at such time is are not a Lender Lenders to become a Lender (an “Additional Lender”). Notwithstanding anything to the contrary contained in this Agreement, in no case shall an Additional Lender be the Borrower or an Affiliate of the BorrowerIneligible Institution.

Appears in 3 contracts

Samples: Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp)

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