Increase Option definition

Increase Option has the meaning set forth in Section 2.14(a).
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Increase Option is defined in Section 2.14.
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Increase Option has the meaning assigned to such term in Section 2.04.
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Examples of Increase Option in a sentence

  • Any such request with respect to an Increase Option shall be first made to all existing Lenders on a pro rata basis.

  • We will provide Term Insurance on the Insured's life during the period while at least one Increase Option is in effect.

  • If no such agreement is reached within thirty (30) days after such meeting, the Buyer may, at any time after the expiry of such period, by written notice to the Sellers, terminate the Increase Option effective sixty (60) days after the giving of such notice, unless prior to the expiry of such notice period the Additional Flow Date has occurred, in which event, the Increase Option is not terminated but is effective.

  • The Borrower shall borrow up to the full amount of the additional Advances in accordance with Section 2.2 on the Increase Option Date.

  • After the exercise of such Commitment Increase Option, the Aggregate Revolving Credit Commitment shall remain at $60,000,000 until the Revolving Credit Termination Date.


More Definitions of Increase Option

Increase Option means the option for the Buyer in accordance with Article 6.4 to increase the MaxHQ to (**) MMBTU together with a corresponding increase of the DCQ to (**) MMBTU.
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Increase Option. Defined in Section 3.12(a).
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Increase Option means that term as defined in Section 2.1(a)(v). “Indemnitee” means that term as defined in Section 10.5(c). “Initial Amount” means an amount equal to $2,500,000. “Initial COD” means the date the first Approved Project completes construction and achieves commercial operations, substantial completion or its equivalent.
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Increase Option means an amount equal to 10% of the increase in the Maximum Credit (as defined in the Loan Agreement) under the Loan Agreement at any time after the Closing Date.
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Increase Option means that term as defined in Section 2.1(a)(v). "Indemnitee" means that term as defined in Section 10.5(c).
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Increase Option means the Borrowers' option to increase the Maximum --------------- Revolver Amount to $30,000,000.
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Increase Option means, subject to the occurrence of the Increase Milestone, Borrower has delivered written notification to Bank that Borrower is exercising its option to increase each of the Aggregate Borrowing Limit and the Formula Revolving Line to $35,000,000.
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