Common use of Optional Increase in Commitments Clause in Contracts

Optional Increase in Commitments. (a) Subject to the conditions set forth below, the Borrower may, upon at least thirty (30) days prior written notice to the Agent and the Lenders, increase the Total Commitments, either by designating a lender not theretofore a Lender to become a Lender (such designation to be effective only with the prior written consent of the Agent, which consent shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender's Commitment shall be increased (thus increasing the Total Commitments); provided that:

Appears in 1 contract

Samples: Credit Agreement (Lason Inc)

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Optional Increase in Commitments. (a) Subject to the conditions set forth below, the Borrower Borrowers may, upon at least thirty sixty (3060) days prior written notice to the Agent and (on behalf of the Lenders), increase the Total CommitmentsAggregate Commitment, either by designating a lender not theretofore a Lender to become a Lender or by agreeing with an existing Lender that such Lender's Commitment shall be increased (such designation or agreement to be effective only with the prior written consent of the Agent, which consent shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender's Commitment shall be increased (thus increasing the Total Commitments); provided that:

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc)

Optional Increase in Commitments. (a) Subject to the conditions set forth below, the Borrower may, upon at least thirty five (305) days prior written notice to the Agent and the LendersAdministrative Agent, increase the Total CommitmentsAggregate Commitment, either by designating a lender not theretofore a Lender to become a Lender (such designation to be effective only with the prior written consent of the Agent, which consent shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender's Commitment shall be increased (thus increasing the Total CommitmentsAggregate Commitment); provided that:

Appears in 1 contract

Samples: Credit Agreement (Insignia Financial Group Inc)

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Optional Increase in Commitments. (a) Subject to the conditions set forth below, the Borrower may, upon at least thirty (30) days prior written notice to the Agent and the Lenders, increase the Total CommitmentsAggregate Commitment, either by designating a lender not theretofore a Lender to become a Lender (such designation to be effective only with the prior written consent of the Agent, which consent shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender's Commitment shall be increased (thus increasing the Total CommitmentsAggregate Commitment); provided that:

Appears in 1 contract

Samples: Loan Agreement (Sirrom Investments Inc)

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