Total Credit Commitment Sample Clauses
The Total Credit Commitment clause defines the maximum aggregate amount of credit or loans that a lender or group of lenders agrees to provide to a borrower under a financing agreement. This clause typically specifies the overall cap on available funds, regardless of how much has been drawn at any given time, and may outline how this total is allocated among multiple lenders in a syndicated facility. By establishing a clear upper limit on the borrower's access to credit, the clause helps manage the lender's risk exposure and ensures all parties understand the financial boundaries of the agreement.
Total Credit Commitment. The Guarantor may from time to time request that the amount of the Total Credit Commitment be increased and upon written notice by the Issuer to the Guarantor, the amount of the Total Credit Commitment shall be increased to the amount as set out in such notice.
Total Credit Commitment. The Guarantor LP may from time to time request that the Issuer increase the amount of the Total Credit Commitment and, where the Issuer determines at its sole discretion to increase the Total Credit Commitment in whole or in part in respect of the requested increase, the Issuer shall provide written notice to the Guarantor LP and the amount of the Total Credit Commitment will be increased to the amount set out in such notice.