Requests for Commitment Increase. (A) the minimum amount of the Commitment of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase shall be $10,000,000 or a larger multiple of $1,000,000; (B) the aggregate amount of all such Commitment Increases hereunder shall not exceed $50,000,000; (C) no Default shall have occurred and be continuing on such Commitment Increase Date or shall result from the proposed Commitment Increase; (D) the representations and warranties contained in this Agreement and the other Loan Documents shall be true and correct on and as of the Commitment Increase Date as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date); and (E) no such Commitment Increase shall result in an increase of the Aggregate Subsidiary Borrower Sublimit Commitment.
Appears in 1 contract
Sources: Credit Agreement (Griffon Corp)
Requests for Commitment Increase. (A) the minimum amount of the Commitment of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase shall be $10,000,000 or a larger multiple of $1,000,000;
(B) the aggregate amount of all such Commitment Increases hereunder shall not exceed $50,000,000;
(C) no Default shall have occurred and be continuing on such Commitment Increase Date or shall result from the proposed Commitment Increase;
(D) the representations and warranties contained in this Agreement and the other Loan Documents shall be true and correct on and as of the Commitment Credit Agreement ---------------- Increase Date as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date); and
(E) no such Commitment Increase shall result in an increase of the Aggregate Subsidiary Borrower Sublimit Commitment.
Appears in 1 contract
Sources: Credit Agreement (Griffon Corp)