Common use of Accordion Increase Clause in Contracts

Accordion Increase. (A) At any time during the Accordion Increase Notice Period, the Borrower (or the Transferor on its behalf) may request, in writing, the Original Senior Lender (such Original Senior Lender participating in an increase in accordance with this Clause ‎3.1 being the "Accordion Increase Lender") to commit to an increase in the Senior Total Commitments (an "Accordion Increase") in an amount (the "Accordion Increase Amount") which when aggregated with all other Accordion Increase Amounts does not exceed £90,000,000 in aggregate.

Appears in 1 contract

Sources: Senior Facility Agreement (Encore Capital Group Inc)

Accordion Increase. (A) At any time during the Accordion Increase Notice Period, the Borrower (or the Transferor on its behalf) may request, in writing, the Original Senior Lender (such Original Senior Lender participating in an increase in accordance with this Clause ‎3.1 3.1 being the "Accordion Increase Lender") to commit to an increase in the Senior Total Commitments (an "Accordion Increase") in an amount (the "Accordion Increase Amount") which when aggregated with all other Accordion Increase Amounts does not exceed £90,000,000 in aggregate.

Appears in 1 contract

Sources: Securitization Agreement (Encore Capital Group Inc)