Common use of DISCRETIONARY COMMITMENT INCREASE Clause in Contracts

DISCRETIONARY COMMITMENT INCREASE. Provided that no Event of Default or Potential Default is then occurring or would be caused thereby, at any time prior to the Expiration Date and subsequent to the Closing Date, the Borrowers may request from time to time in writing to the Administrative Agent that the Revolving Credit Commitments be increased, by an amount being an integral multiple of $5,000,000.00 and in an aggregate amount not greater than $75,000,000.00, according to the following procedures:

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

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DISCRETIONARY COMMITMENT INCREASE. Provided that no Event of Default or Potential Default is then occurring or would be caused thereby, at any time prior to the Expiration Date and subsequent to the Closing Date, the Borrowers may request from time to time in writing to the Administrative Agent that the Revolving Credit Commitments be increased, by an amount being an integral multiple of $5,000,000.00 and in an aggregate amount not greater than $75,000,000.0050,000,000.00, according to the following procedures:

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

DISCRETIONARY COMMITMENT INCREASE. Provided that no Event of Default or Potential Default is then occurring or would be caused thereby, at any time prior to the Expiration Date and subsequent to the Closing Date, the Borrowers may request from time to time in writing to the Administrative Agent that the Revolving Credit Commitments be increased, by an amount being an integral multiple of $5,000,000.00 and in an aggregate amount not greater than $75,000,000.00100,000,000.00, according to the following procedures:

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

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DISCRETIONARY COMMITMENT INCREASE. Provided that no Event of Default or Potential Default is then occurring or would be caused thereby, at any time prior to the Expiration Date and subsequent to the Closing Date, the Borrowers may request from time to time in writing to the Administrative Agent that the Revolving Credit Commitments be increased, by an amount being an integral multiple of $5,000,000.00 10,000,000.00 and in an aggregate amount not greater than $75,000,000.00150,000,000.00, according to the following procedures:

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

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