Common use of Borrower Sublimit Increase Clause in Contracts

Borrower Sublimit Increase. In connection with any Commitment Increase, each Borrower may increase its Borrower Sublimit by an amount equal to its Fraction (calculated as of the Closing Date) of such Commitment Increase by delivering a notice to the Administrative Agent requesting such increase.

Appears in 12 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp)

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Borrower Sublimit Increase. In connection with any Commitment Increase, each Borrower may increase its Borrower Sublimit by an amount equal to its Fraction (calculated as of the Closing Datedate hereof) of such Commitment Increase by delivering a notice to the Administrative Agent requesting such increase. In addition, at any other time (but no more than twice in any calendar year), any Borrower may, with the consent of the Majority Lenders and each Fronting Bank, increase the amount of its Borrower Sublimit to a specific amount not greater than the amount of the aggregate Commitments at such time.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (FirstEnergy Solutions Corp.), Credit Agreement (FirstEnergy Solutions Corp.)

Borrower Sublimit Increase. In connection with any Commitment Increase, each Borrower may increase its Borrower Sublimit by an amount equal to its Fraction (calculated as of the Closing Datedate hereof) of such Commitment Increase by delivering a notice to the Administrative Agent requesting such increase.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (FirstEnergy Solutions Corp.), Credit Agreement (FirstEnergy Solutions Corp.)

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Borrower Sublimit Increase. In connection with any Commitment Increase, each Borrower may increase its Borrower Sublimit by an amount equal to its Fraction (calculated as of the Closing Datedate hereof) of such Commitment Increase by delivering a notice to the Administrative Agent requesting such increase.

Appears in 1 contract

Samples: Credit Agreement Amendment (FirstEnergy Solutions Corp.)

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