Changes to Commitment Sample Clauses
The "Changes to Commitment" clause defines the conditions and procedures under which the parties may alter the amount, timing, or nature of their contractual obligations. Typically, this clause outlines how requests for changes must be made, who must approve them, and any limitations or notice requirements involved. For example, it may allow a lender to increase or decrease a loan amount, or permit a supplier to adjust delivery schedules with mutual consent. Its core function is to provide a structured process for modifying commitments, thereby ensuring flexibility while maintaining clarity and mutual agreement between the parties.
Changes to Commitment. No amount of the applicable Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section 5.10, performance by each Borrower of its obligations under this Agreement and the other Loan Documents shall not be excused or otherwise modified, as a result of any Default in the making of an Advance (a “Funding Default”) or the operation of this Section 5.10. The rights and remedies against a Defaulting Lender under this Section 5.10 are in addition to other rights and remedies that each Borrower may have against such Defaulting Lender with respect to any Funding Default and that Administrative Agent or any Lender may have against such Defaulting Lender with respect to any Funding Default.
Changes to Commitment. 5.5.1 Changes to Commitment. The Commitment shall reduce to nil on the Maturity Date.
Changes to Commitment. The Second Commitment shall reduce to nil on the Second Maturity Date.
Changes to Commitment