Increase in Aggregate Commitments. (a) Subject to the terms and conditions set forth in this Amendment and in the Amended Credit Agreement, each of the Lenders hereby agrees to increase the amount of its respective Revolving Commitment on the Second Amendment Effective Date from the respective amount set forth in the applicable column opposite such Lender’s name (designated as such Lender’s “Commitment”) in the table set forth on Schedule 1.01(b) (Initial Commitments and Applicable Percentages) to the Credit Agreement, as such Schedule is in effect immediately prior to giving effect to this Amendment, to the respective amount set forth in the applicable column opposite such Lender’s name (designated as such Lender’s “Commitment”) in the table set forth on such Schedule as in effect immediately after giving effect to this Amendment. As of the Second Amendment Effective Date (immediately after giving effect to this Amendment), the amount of the Aggregate Commitments is One-Hundred Twenty-Five Million Dollars ($125,000,000), as increased from Seventy-Five Million Dollars ($75,000,000) as of the date that is immediately prior to the Second Amendment Effective Date. (b) For purposes of clarity, the increase in the amount of the Aggregate Commitments on the Second Amendment Effective Date pursuant to this Section 2 is not effected pursuant to Section 2.15 (Increase in Revolving Facility) of the Credit Agreement and shall not constitute an Incremental Facility for purposes of the Amended Credit Agreement or any of the other Loan Documents, and further, the aggregate amount of the increase in Commitments established on the Second Amendment Effective Date pursuant to this Section 2 shall not decrease (or otherwise count against) the aggregate Dollar cap applicable to Incremental Facilities that is set forth in Section 2.16(a) (Request for Increase) of the Amended Credit Agreement.
Appears in 1 contract
Increase in Aggregate Commitments. (a) Subject to the terms and conditions set forth in this Amendment and in the Amended Credit Agreement, each of the Lenders hereby agrees to increase the amount of its respective Revolving Commitment on the Second Third Amendment Effective Date from the respective amount set forth in the applicable column opposite such Lender’s name (designated as such Lender▇▇▇▇▇▇’s “Commitment”) in the table set forth on Schedule 1.01(b) (Initial Commitments and Applicable Percentages) to the Credit Agreement, as such Schedule is in effect immediately prior to giving effect to this Amendment, to the respective amount set forth in the applicable column opposite such Lender▇▇▇▇▇▇’s name (designated as such Lender▇▇▇▇▇▇’s “Commitment”) in the table set forth on such Schedule as in effect immediately after giving effect to this Amendment. As of the Second Third Amendment Effective Date (immediately after giving effect to this Amendment), the amount of the Aggregate Commitments is One-One Hundred Fifty Million Dollars ($150,000,000), as increased from One Hundred Twenty-Five Million Dollars ($125,000,000), as increased from Seventy-Five Million Dollars ($75,000,000) as of the date that is immediately prior to the Second Third Amendment Effective Date.
(b) For purposes of clarity, the The increase in the amount of the Aggregate Commitments on the Second Third Amendment Effective Date pursuant to this Section 2 3 is not effected pursuant to Section 2.15 (Increase in Revolving Facility) 2.16 of the Credit Agreement and shall not constitute an Incremental Facility for purposes of the Amended Credit Agreement or any of the other Loan Documents, and further, the aggregate amount of the increase in Commitments established on the Second Third Amendment Effective Date pursuant to this Section 2 3 shall not decrease (or otherwise count against) the aggregate Dollar cap applicable to Incremental Facilities that is set forth in Section 2.16(a) (Request for Increase) of the Amended Credit Agreement.
Appears in 1 contract