Common use of Optional Increase in Commitments Clause in Contracts

Optional Increase in Commitments. (i) Subject to the conditions set forth in Section 2.06(c)(ii), upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may increase the Commitments then in effect by increasing the Commitment of a Lender or by causing a Person approved as a Lender by the Administrative Agent to become a Lender (each an “Additional Lender”), subject to the terms and conditions of this Section 2.06(c) (such additional Commitments, the “Additional Commitments”).

Appears in 5 contracts

Samples: Credit Agreement (Rice Energy Inc.), Credit Agreement (Rice Energy Inc.), Credit Agreement (Rice Midstream Partners LP)

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Optional Increase in Commitments. (i) Subject to the conditions set forth in Section 2.06(c)(ii), upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may increase the Commitments then in effect by increasing the Commitment Commitments of a Lender or by causing a Person approved as a Lender by that is acceptable to the Administrative Agent that at such time is not a Lender to become a Lender (each an “Additional Lender”), subject . Notwithstanding anything to the terms and conditions contrary contained in this Agreement, in no case shall an Additional Lender be the Borrower or an Affiliate of this Section 2.06(c) (such additional Commitments, the “Additional Commitments”)a Borrower.

Appears in 5 contracts

Samples: Credit Agreement (Oasis Midstream Partners LP), Credit Agreement (Oasis Midstream Partners LP), Credit Agreement (Rattler Midstream Lp)

Optional Increase in Commitments. (i) Subject to the conditions set forth in Section 2.06(c)(ii), upon notice to the Administrative Agent (which shall promptly notify the Lenders2.06(d)(ii), the Borrower may increase the Commitments then in effect with the prior written consent of the Administrative Agent (not to be unreasonably withheld or delayed) by increasing the Commitment Commitments of a Lender or by causing a Person approved as that at such time is not a Lender by the Administrative Agent to become a Lender (each an “Additional Lender”), subject to the terms and conditions of this Section 2.06(c) (such additional Commitments, the “Additional Commitments”).

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

Optional Increase in Commitments. (i) Subject to the conditions set forth in Section 2.06(c)(ii), upon notice to the Administrative Agent (which shall promptly notify the Lenders2.07(d)(ii), the Borrower may increase the total Commitments then in effect with the prior written consent of the Administrative Agent by increasing the Commitment of a Lender or by causing a Person approved as that at such time is not a Lender by the Administrative Agent to become a Lender (each an “Additional Lender”), subject to the terms and conditions of this Section 2.06(c) (such additional Commitments, the “Additional Commitments”).

Appears in 1 contract

Samples: Credit Agreement (Eagle Rock Energy Partners L P)

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Optional Increase in Commitments. (i) Subject to the conditions set forth in Section 2.06(c)(ii), upon notice to the Administrative Agent (which shall promptly notify the Lenders2.07(b)(ii), the Borrower may increase the total Commitments then in effect by increasing the Commitment of a Lender or by causing a Person approved as that at such time is not a Lender by the Administrative Agent to become a Lender (each an “Additional Lender”), subject to the terms and conditions of this Section 2.06(c) (such additional Commitments, the “Additional Commitments”).

Appears in 1 contract

Samples: Credit Agreement (Eagle Rock Energy Partners L P)

Optional Increase in Commitments. (ia) Subject to the conditions set forth in Section 2.06(c)(ii2.3(b), upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower Borrowers may increase the Total Revolving Commitments then in effect by increasing the Revolving Commitment of a Lender or by causing a Person approved as that at such time is not a Lender by the Administrative Agent to become a Lender (each an “Additional Lender”), subject to the terms and conditions of this Section 2.06(c) (such additional Commitments, the “Additional Commitments”).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (HollyFrontier Corp)

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