Common use of Revolving Commitment Increase Clause in Contracts

Revolving Commitment Increase. |US-DOCS\145259568.3|| (a) The Increasing Lender agrees, subject to the terms and conditions of the Credit Agreement, that on the Effective Date it shall provide a Revolving Commitment Increase (the “2023 Increase Revolving Commitments”) in the aggregate principal amount set forth opposite its name under the heading “2023 Increase Revolving Commitments” on Schedule I attached hereto. (b) The parties hereto each hereby agree that (x) the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the Increasing Lender shall constitute Revolving Commitments for all purposes under the Credit Agreement notwithstanding that they are provided pursuant to this Supplement and not under Section 2.1(a) of the Credit Agreement, (y) all terms of the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the Increasing Lender shall be the same as the terms of the existing Revolving Commitments as set forth in the Credit Agreement and (z) the Credit Agreement is hereby deemed amended accordingly to reflect the foregoing clauses (x) and (y) in accordance with Section 2.17 of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Store Capital LLC)

Revolving Commitment Increase. |US-DOCS\145259568.3|| (a) The Each Increasing Lender agrees, severally and not jointly, subject to the terms and conditions of the Credit Agreement, that on the Effective Date it shall provide a Revolving Commitment Increase (the “2023 Increase Revolving Commitments”) in the aggregate principal amount set forth opposite its name under the heading “2023 Increase Revolving Commitments” on Schedule I attached hereto. (b) The parties hereto each hereby agree that (x) the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the each Increasing Lender shall constitute Revolving Commitments for all purposes under the Credit Agreement notwithstanding that they are provided pursuant to this Supplement and not under Section 2.1(a) of the Credit Agreement, (y) all terms of the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the each Increasing Lender shall be the same as the terms of the existing Revolving Commitments as set forth in the Credit Agreement and (z) the Credit Agreement is hereby deemed amended accordingly to reflect the foregoing clauses (x) and (y) in accordance with Section 2.17 of the Credit Agreement.2.17

Appears in 1 contract

Sources: Credit Agreement (Store Capital LLC)

Revolving Commitment Increase. |US-DOCS\145259568.3|| (a) The Increasing Lender agrees, subject to the terms and conditions of the Credit Agreement, that on the Effective Date it shall provide a Revolving Commitment Increase (the “2023 Increase Revolving Commitments”) in the aggregate principal amount set forth opposite its name under the heading “2023 Increase Revolving Commitments” on Schedule I attached hereto. (b) The parties hereto each hereby agree that (x) the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the Increasing Lender shall constitute Revolving Commitments for all purposes under the Credit Agreement notwithstanding that they are provided pursuant to this Supplement and not under Section 2.1(a) of the Credit Agreement, (y) all terms of the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the Increasing Lender shall be the same as the terms of the existing Revolving Commitments as set forth in the Credit Agreement and (z) the Credit Agreement is hereby deemed amended accordingly to reflect the foregoing clauses (x) and (y) in accordance with Section 2.17 of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Store Capital LLC)