Common use of Permanent Increase Clause in Contracts

Permanent Increase. In consideration of the foregoing, such Supplemental Lender, from and after the date hereof shall have a Commitment of $______________ resulting in a new Aggregate Commitment of $______________ as of the date hereof, and if it is a new Lender, the Supplemental Lender hereby assumes all of the rights and obligations of a Lender under the Credit Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (Pulte Homes Inc/Mi/)

Permanent Increase. In consideration of the foregoing, such Supplemental Lender, from and after the date hereof shall have a Commitment of $______________ resulting in a new Aggregate Commitment of $______________ as of the date hereof, and if it is a new Lender, the Supplemental Lender hereby assumes all of the rights and obligations of a Lender under the Credit Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (Pulte Homes Inc/Mi/)