Increase Amount Sample Clauses

The Increase Amount clause allows for the adjustment of a specified sum or limit within an agreement, typically raising the amount available or owed under certain conditions. In practice, this clause may permit a borrower to request a higher credit limit or enable parties to increase the value of a contract deliverable, often subject to approval or compliance with predefined criteria. Its core function is to provide flexibility for parties to adapt to changing needs or circumstances without renegotiating the entire agreement, thereby streamlining modifications and reducing administrative burdens.
Increase Amount. Eligible instructors and lecturers on nine-month appointments shall be provided a $2,000 increase to base salary. Eligible instructors and lecturers on twelve-month appointments shall be provided a $2,666.66 annual increase to base salary. Additionally, these instructors and lecturers will be reclassified to senior instructor or senior lecturer, as applicable.
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Increase Amount. Each eligible faculty member defined in the previous paragraph shall receive an inversion pay increase to his/her base salary, for a total of $20,755.89 devoted to inversion pay increases. The inversion pay increases shall be in the following amounts: 1. Assistant Professor - $1,000 2. Associate Professor or Associate University Librarian - $1,250 3. Professor or University Librarian - $1,500
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Increase Amount. Subject to the terms and conditions set forth herein, each Increasing US Lender severally agrees to provide US Revolving Commitments to the US Borrower on the Amendment No. 1 Closing Date in the amount set forth opposite its name on Schedule A hereto (the “Increase Amount”), which amounts are included in, and not in addition to, the US Revolving Commitments set forth on Schedule I hereto.
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Increase Amount. Computer Aided Drafting and Design, computerized engineering software and subsequent equipment operation related to the production of exhibits, reports, submittals and study documentation shall be considered included in the cost of general overhead and included in the hourly personnel rates for this project.
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Increase Amount. The following definition is hereby added to the Loan Agreement as Section 1.47A:
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Increase Amount. If a Lender agrees, in its individual and sole discretion, to so increase its Revolving Commitment by an amount equal to its Pro Rata Share of the Increase Amount (an "Accepting Lender"), it shall deliver to Agent a written notice of its agreement to so increase no later than 14 days from the date on which Agent notified the Lenders of such request. With respect to any Lender that fails to accept or respond to Borrowers' request for an increase in the Total Revolving Commitment (a "Declining Lender"), such Declining Lender's Revolving Commitment shall not be increased and such Declining Lender's Pro Rata Share of the Increase Amount may be allocated by Agent, after consultation with the Company, to one or more Accepting Lenders which, in such Lender's sole and absolute discretion, accepts any such allocation by Agent in writing. To the extent of any shortfall in the Increase Amount (the "Shortfall Amount"), Borrowers may designate one or more Eligible Assignees other than a Lender (which Eligible Assignee shall be reasonably acceptable to Agent) to become a Lender (a "New Lender"), with the aggregate initial Commitments for all such New Lenders in an amount not to exceed the Shortfall Amount. Notwithstanding anything to the contrary herein, (i) the sum of the increase in the Commitments of all Accepting Lenders and the Commitments of all New Lenders shall not exceed the Increase Amount and (ii) no increase in the Commitments shall occur as contemplated in this Section 4.1(c) unless, on the effective date of such proposed increase, no Eurocurrency Loans or Eurodollar Loans are outstanding. The increase in the Commitments of Accepting Lenders and the assignment to any New Lenders shall occur on such date as determined by Agent, with prior notice thereof to Borrowers, Lenders and the New Lenders. Prior to such increase, Borrowers agree to execute new Notes reflecting the increased Commitments of all Lenders and New Lenders and deliver same to Agent, which shall deliver each Lender's new Note upon surrender of its old Note.
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Increase Amount. Each of the forty-one (41) faculty members shall receive a $500 inversion pay increase to his/her base salary.
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Increase Amount. Commencing on June 28, 2025, and on each successive annual anniversary thereof, Rent due under this Agreement, shall increase by an amount equal to three percent (3%) of the then current Rent.
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Related to Increase Amount

  • Price Increase/Decrease No price increases will be permitted during the first period of the price agreement. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Price Increase/Decreases No price increases will be permitted during the first period of the Contract. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Increase in Revolving Commitments (a) The Borrower may, by written notice to the Administrative Agent from time to time, request that the total Revolving Commitment be increased by an aggregate amount not to exceed the Incremental Revolving Facility Amount at such time. Upon the receipt of such request by the Administrative Agent, the Administrative Agent shall deliver a copy thereof to each Revolving Lender. Such notice shall set forth the amount of the requested increase (which shall be in minimum increments of $500,000 and a minimum amount of $2,500,000 or equal to the remaining Incremental Revolving Facility Amount) and the date on which such increase is requested to become effective (which shall be not less than 10 Business Days nor more than 60 days after the date of such notice and which, in any event, must be prior to the Revolving Credit Maturity Date), and shall offer each Revolving Lender the opportunity to increase its Revolving Commitment by its Pro Rata Percentage of the proposed increased amount. Each Revolving Lender shall, by notice to the Borrower and the Administrative Agent given not more than 10 days after the date of the Administrative Agent’s notice, either agree to increase its Revolving Commitment by all or a portion of the offered amount (each Revolving Lender so agreeing being an “Increasing Revolving Lender”) or decline to increase its Revolving Commitment (and any Revolving Lender that does not deliver such a notice within such period of 10 days shall be deemed to have declined to increase its Revolving Commitment) (each Revolving Lender so declining or being deemed to have declined being a Non-Increasing Revolving Lender”). In the event that, on the 10th day after the Administrative Agent shall have delivered a notice pursuant to the second sentence of this paragraph, the Increasing Revolving Lenders shall have agreed pursuant to the preceding sentence to increase their Revolving Commitments by an aggregate amount less than the increase requested by the Borrower, such Borrower may arrange for one or more banks or other entities (any such bank or other entity being called an “Augmenting Revolving Lender”), which may include any Lender, to extend Revolving Commitments or increase their existing Revolving Commitments in an aggregate amount equal to the unsubscribed amount; provided, however, that each Augmenting Revolving Lender shall be subject to the prior written approval of the Administrative Agent, the Swingline Lender and the Issuing Bank (which approvals shall not be unreasonably withheld or delayed), and the Borrower and each Augmenting Revolving Lender shall execute all such documentation as the Administrative Agent shall reasonably specify to evidence its Revolving Commitment and/or its status as a Revolving Lender hereunder, Any such increase may be made in an amount that is less than the increase requested by the Borrower if such Borrower is unable to arrange for, or chooses not to arrange for, Augmenting Revolving Lenders. (b) Each of the parties hereto hereby agrees that the Administrative Agent may, in consultation with the Borrower, take any and all action as may be reasonably necessary to ensure that after giving effect to any increase pursuant to this Section 2.25, the outstanding Revolving Loans (if any) are held by the Revolving Lenders in accordance with their new Pro Rata Percentages. This may be accomplished at the discretion of the Administrative Agent, following consultation with the Borrower, (i) by requiring the outstanding Revolving Loans to be prepaid with the proceeds of a new Revolving Borrowing, (ii) by causing Non-Increasing Revolving Lenders to assign portions of their outstanding Revolving Loans to Increasing Revolving Lenders and/or Augmenting Revolving Lenders, or (iii) by any combination of the foregoing. Any prepayment or assignment described in this paragraph (b) shall be subject to Section 2.16, but shall otherwise be without premium or penalty. (c) Notwithstanding the foregoing, no increase in the Revolving Commitments shall become effective under this Section 2.25 unless (i) on the date of such effectiveness, the conditions set forth in paragraphs (b), (c) and (d) of Section 4.01 shall be satisfied (treating the effectiveness of the increase in the Revolving Commitments as a “Credit Event” for such purposes) and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Borrower, and (ii) if requested, the Administrative Agent shall have received legal opinions, board resolutions and other closing certificates reasonably requested by the Administrative Agent and consistent with those delivered on the Closing Date under Section 4.02.

  • Termination Reduction or Increase of the Commitments (a) The Company shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that (x) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c). (b) If any Lender shall make a demand under Section 2.11 or 2.14 or if the obligation of any Lender to make Eurodollar Rate Advances shall have been suspended pursuant to Section 2.12, the Company shall have the right, upon at least ten Business Days' notice, to terminate in full the Commitment of such Lender or to demand that such Lender assign to one or more Eligible Assignees all of its rights and obligations under this Agreement in accordance with Section 8.