Common use of Increase in Committed Amount Clause in Contracts

Increase in Committed Amount. In the event that the Bank should at any time agree to increase the Committed Amount, the Borrower will either execute a new note for the amount of such increase, or a new note for the aggregate increased Committed Amount; and in either event, the term “Note,” as used herein, shall be deemed to mean and include such new note, as the circumstances shall require.

Appears in 3 contracts

Samples: Loan Agreement (Standard Premium Finance Holdings, Inc.), Loan Agreement (Standard Premium Finance Holdings, Inc.), Revolving Loan Agreement (CNL Strategic Capital, LLC)

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Increase in Committed Amount. In the event that the Bank Lender should at any time agree to increase the Committed Amount, the Borrower will either execute a new note for the amount of such increase, or a new note for the aggregate increased Committed Amount; and in either event, the term “Note,” as used herein, shall be deemed to mean and include such new note, as the circumstances shall require.

Appears in 1 contract

Samples: Revolving Loan Agreement (Kempharm, Inc)

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