Increased Commitment Letter definition

Increased Commitment Letter means any letter agreement executed by Borrower and any new or existing Lender in connection with an increase in the Facility pursuant to Section 2.12.
Increased Commitment Letter shall have the meaning assigned to such term in Section
Increased Commitment Letter as defined in Section 2.22 hereof.

Examples of Increased Commitment Letter in a sentence

  • Notwithstanding any term of this Agreement to the contrary, neither the Agent nor any Lender shall be deemed to have committed to any Incremental Term Loan Commitment unless such Lender executes and delivers an Increased Commitment Letter (as defined below); for the avoidance of doubt, any Lender may accept or decline to provide an Incremental Term Loan Commitment in its sole discretion.

  • The failure of a Lender to deliver an Increased Commitment Letter to the Agent within such time period shall be deemed a rejection by such Lender of the option to participate in such Incremental Term Loan Commitment.

  • The failure of a Lender to deliver an Increased Commitment Letter to the Administrative Agent within such time period shall be deemed a rejection by such Lender of the option to participate in such Incremental Commitment.

  • An Increased Commitment Letter for the Revolving Commitment Increase of $2,500,000, duly executed by OneWest Bank.

  • Notwithstanding any term of this Agreement to the contrary, neither the Agent nor any Lender shall be deemed to have committed to any Revolving Commitment Increase unless such Lender executes and delivers an Increased Commitment Letter (as defined below); for the avoidance of doubt, any Lender may accept or decline to provide a Revolving Commitment Increase in its sole discretion.

Related to Increased Commitment Letter