Common use of Expansion Option Clause in Contracts

Expansion Option. (a) The Borrower may from time to time elect to increase the Revolving Loan Commitments (any such increase, an “Incremental Revolving Increase”; the loans extended pursuant to such increase, the “Incremental Loans” and the commitments with respect thereto, the “Incremental Revolving Loan Commitments”), subject solely to the following terms and conditions:

Appears in 4 contracts

Samples: Credit Agreement (Cleco Corporate Holdings LLC), Credit Agreement (Cleco Power LLC), Credit Agreement (Cleco Corporate Holdings LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.