Increase Option. (a) The Borrower hereby requests that the Total Commitments be increased in the aggregate amount of $100,000,000 pursuant to Section 2.19 of the Credit Agreement and the Borrower proposes that the Increase Effective Date for the increase contemplated in this Agreement be the Agreement Effective Date (as defined in Section 3 below). (b) On the terms and subject to the conditions of this Agreement, in furtherance of the Borrower’s request to increase the Total Commitments in the aggregate amount of $100,000,000 pursuant to Section 2.19 of the Credit Agreement, as of the Agreement Effective Date: (i) ▇▇▇▇▇ Fargo Bank, National Association (“▇▇▇▇▇ Fargo”) hereby increases its Commitment by $42,500,000 (thereby increasing ▇▇▇▇▇ Fargo’s Commitment as of the Agreement Effective Date to a total of $198,750,000); (ii) HSBC Bank USA, National Association (“HSBC”) hereby increases its Commitment by $28,750,000 (thereby increasing HSBC’s Commitment as of the Agreement Effective Date to a total of $122,500,000); (iii) Bank of America, N.A. (“Bank of America”) hereby increases its Commitment by $28,750,000 (thereby increasing Bank of America’s Commitment as of the Agreement Effective Date to a total of $122,500,000); The Increasing Lenders shall be “Increasing Lenders” for purposes of the Credit Agreement.
Appears in 1 contract
Increase Option. (a) The Borrower hereby requests that the Total Commitments be increased in the aggregate amount of $100,000,000 pursuant to Section 2.19 of the Credit Agreement and the Borrower proposes that the Increase Effective Date for the increase contemplated in this Agreement be the Agreement Effective Date (as defined in Section 3 4 below).
(b) On the terms and subject to the conditions of this Agreement, in furtherance of the Borrower’s request to increase the Total Commitments in the aggregate amount of $100,000,000 pursuant to Section 2.19 of the Credit Agreement, as of the Agreement Effective Date:
(i) ▇▇▇▇▇ Fargo Bank, National Association (“▇▇▇▇▇ Fargo”) hereby increases its Commitment by $42,500,000 31,250,000.00 (thereby increasing ▇▇▇▇▇ Fargo’s Commitment as of the Agreement Effective Date to a total of $198,750,000156,250,000.00);
(ii) U.S. Bank National Association (“U.S. Bank”) hereby increases its Commitment by $31,250,000.00 (thereby increasing U.S. Bank’s Commitment as of the Agreement Effective Date to a total of $156,250,000.00);
(iii) HSBC Bank USA, National Association N.A. (“HSBC”) hereby increases its Commitment by $28,750,000 18,750,000.00 (thereby increasing HSBC’s Commitment as of the Agreement Effective Date to a total of $122,500,00093,750,000.00);; and
(iiiiv) Bank of America, N.A. (“Bank of America”) hereby increases its Commitment by $28,750,000 18,750,000.00 (thereby increasing Bank of America’s Commitment as of the Agreement Effective Date to a total of $122,500,00093,750,000.00); The Increasing Lenders shall be identified in this Section 3(b) are “Increasing Lenders” for purposes of the Credit Agreement and this Agreement.
Appears in 1 contract