Common use of Accordion Increase Clause in Contracts

Accordion Increase. A Lender may increase its Commitment (as requested by the Company), for the purposes of Clause 2.2 (Accordion feature — Increase of Facility B) by delivering a Accordion Increase Certificate in accordance with this Clause provided that no Lender may increase its Commitment if such increase, when aggregated with any additional Commitment provided by an Acceding Lender in accordance with Clause 25.11 (Acceding Lenders) below, would cause the Total Commitments to exceed, in aggregate, €175,000,000 more than the Total Commitments as at the effective date of any such increase.

Appears in 4 contracts

Sources: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)