Common use of Maximum Amount of Increase in Commitment Clause in Contracts

Maximum Amount of Increase in Commitment. Notwithstanding the provisions of Section 8.01(a) of the Master Agreement, which limit the maximum amount by which Borrower is permitted to increase the Commitment, Lender hereby agrees to grant Borrower a one-time right to increase the Commitment to$691,785,000. In connection with the increase in Commitment, Lender has granted Borrower a one-time right to increase the Commitment under the Other Credit Agreement to $243,193,000. Borrower hereby agrees that the total commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement, shall not exceed $934,978,000. The definition of “Reserved Amount” is hereby deleted in its entirety and restated as follows:

Appears in 1 contract

Sources: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Maximum Amount of Increase in Commitment. Notwithstanding the provisions of Section 8.01(a) of the Master Agreement, which limit the maximum amount by which Borrower is permitted to increase the Commitment, Lender hereby agrees to grant Borrower a one-time right to increase the Commitment to$691,785,000to $243,193,000. In connection with the increase in Commitment, Lender has granted Borrower a one-time right to increase the Commitment under the Other Credit Agreement to $243,193,000691,785,000. Borrower hereby agrees that the total commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement, shall not exceed $934,978,000. The definition of “Reserved Amount” is hereby deleted in its entirety and restated as follows:.

Appears in 1 contract

Sources: Master Credit Facility Agreement (Mid America Apartment Communities Inc)