Examples of Commitment Increase Date in a sentence
The New Lender hereby agrees and acknowledges that its Commitment shall, automatically and without any further action, upon satisfaction of the conditions precedent set forth in Section 2(b), be effective on the Commitment Increase Date in the amount set forth next to its name under the caption “Commitment” on Schedule 2.01 attached hereto.
The Increasing Lender hereby agrees and acknowledges that its Commitment shall, automatically and without any further action, upon satisfaction of the conditions precedent set forth in Section 2(b) and effective on the Commitment Increase Date, be increased to the amount set forth next to its name under the caption “Commitment” on Schedule 2.01 attached hereto.
By its execution and delivery of this Agreement and subject to the terms hereof and the Credit Agreement, effective as of the Commitment Increase Date, the New Lender hereby assumes all of the rights and obligations of a “Lender” under the Credit Agreement and the other Loan Documents as detailed below.