The Increased Loan Amount Clause Samples

The Increased Loan Amount. During the term of the Facility, the Borrower shall have one option to increase the Facility Amount by a maximum aggregate amount of up to $50,000,000.00 (the "INCREASE OPTION"), PROVIDED HOWEVER, (a) that at the time of the exercise of such option, there is no Default or Event of Default which shall have occurred and be continuing; (b) in no event shall the existence of this Increase Option be deemed a commitment on the part of the Lenders until such time as a Lender in writing increases its commitment or a new Lender issues a written commitment for any such amounts in excess of the existing $150,000,000 committed Facility, and then in such event, such increase to the Facility Amount shall only be to the extent of the increased commitment or new commitment amounts; (