Common use of Effectiveness of Commitment Increase by Borrower Clause in Contracts

Effectiveness of Commitment Increase by Borrower. On the Commitment Increase Date for any Commitment Increase, each Assuming Lender, if any, providing a Commitment as part of such Commitment Increase shall become a Lender hereunder as of such Commitment Increase Date with a Commitment in the amount and of the Class set forth in the applicable Incremental Commitment Agreement and the Commitment of each Increasing Lender, if any, increasing its Commitment as part of such Commitment Increase shall be increased as of such Commitment Increase Date to the amount set forth in the applicable Incremental Commitment Agreement; provided that:

Appears in 2 contracts

Sources: Senior Secured Revolving Credit Agreement (Vista Credit Strategic Lending Corp.), Senior Secured Credit Agreement (Barings BDC, Inc.)

Effectiveness of Commitment Increase by Borrower. On AnOn the Commitment Increase Date for any Commitment Increase, each an Assuming Lender, if any, providing a Commitment as part of such Commitment Increase shall become a Lender hereunder as of such Commitment Increase Date with a the Commitment in the amount and of the Class set forth in the applicable Incremental Commitment Agreement Increasing Lender/Joining Lender Agreement, and the Commitment of each the respective Class of any Increasing LenderLender and such Assuming Lenderpart of such Commitment Increase, if any, increasing its Commitment as part of such Commitment Increase shall be increased as of such Commitment Increase Date to the amount set forth in the applicable Incremental Commitment Increasing Lender/Joining Lender Agreement; provided that:

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.)