Common use of Increase in the Maximum Commitment Clause in Contracts

Increase in the Maximum Commitment. (a) Administrative Agent shall, at the request of Borrower from time to time, increase the Maximum Commitment to the amount requested by Borrower by: (x) admitting additional committed lenders hereunder (each, a “Subsequent Committed Lender”); or (y) increasing the Commitment of any Committed Lender (each, an “Increasing Committed Lender”); or both, subject to the following conditions and Section

Appears in 2 contracts

Samples: Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending VII LLC)

AutoNDA by SimpleDocs

Increase in the Maximum Commitment. (a) Administrative Agent shall, at the request of Borrower from time to timethe Borrower, increase the Maximum Commitment one or more times to the amount requested by the Borrower by: (x) admitting additional committed lenders hereunder (each, a “Subsequent Committed Lender”); or (y) increasing the Commitment of any Committed Lender (each, an “Increasing Committed Lender”); or both, subject to the following conditions and Section:

Appears in 1 contract

Samples: Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)

AutoNDA by SimpleDocs

Increase in the Maximum Commitment. (a) The Administrative Agent shallmay, in its sole discretion, at the request of Borrower the Borrowers from time to time, increase the Maximum Commitment to the amount requested by Borrower the Borrowers by: (x) admitting additional committed lenders Lenders hereunder (each, a “Subsequent Committed Lender”); or (y) increasing the Commitment of any Committed Lender (each, an “Increasing Committed Lender”); or both, subject to the following conditions and SectionSection 2.14

Appears in 1 contract

Samples: Revolving Credit Agreement (SLR Private Credit BDC II LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!