Common use of Optional Increase in Commitments Clause in Contracts

Optional Increase in Commitments. g) Provided that no Default or Event of Default shall have occurred and remain continuing, Borrower may by written notice to the Administrative Agent, elect to increase the Aggregate Commitments pursuant to this Section 2.07 by an amount not in excess of $75,000,000 during the term of this Agreement (the "Maximum Increase Amount") and not less than $5,000,000 or, if less, the remaining available portion of the Maximum Increase Amount.

Appears in 1 contract

Sources: Credit Agreement (Southwest Water Co)

Optional Increase in Commitments. g(a) Provided that no Default or Event of Default shall have occurred and remain continuing, Borrower may by written notice to the Administrative Agent, elect to increase the Aggregate Commitments pursuant to this Section 2.07 by an amount not in excess of $75,000,000 25,000,000 during the term of this Agreement (the "Maximum Increase Amount") and not less than $5,000,000 or, if less, the remaining available portion of the Maximum Increase Amount.

Appears in 1 contract

Sources: Credit Agreement (Southwest Water Co)