Common use of Increase of Commitments Clause in Contracts

Increase of Commitments. Section 2.18(a) of the Loan Agreement is hereby amended by deleting the first sentence thereof in its entirety and substituting the following therefor: Provided that no Default or Event of Default has occurred and is continuing, Borrower may, at any time and from time to time, provide a written request to the Administrative Agent to increase the Commitments of the Facility by up to an aggregate maximum amount of Twenty-five Million Dollars ($25,000,000.00).

Appears in 1 contract

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp)

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Increase of Commitments. Section 2.18(a) of the Loan Agreement is hereby amended by deleting the first sentence thereof in its entirety and substituting the following therefor: Provided that no Default or Event of Default has occurred and is continuing, Borrower may, at any time and from time to time, provide a written request to the Administrative Agent to increase the Commitments of the Facility by up to an aggregate maximum amount of Twenty-five Fifteen Million Dollars ($25,000,000.0015,000,000.00).

Appears in 1 contract

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp)

Increase of Commitments. Section 2.18(a) of the Loan Agreement is hereby amended by deleting the first sentence thereof in its entirety and substituting the following therefor: Provided that no Default or Event of Default has occurred and is continuing, Borrower may, at any time and from time to timetime after the Amendment No. 5 Effective Date, provide a written request to the Administrative Agent to increase the Commitments of the Facility by up to an aggregate maximum amount of Twenty-five Fifty Million Dollars ($25,000,000.0050,000,000.00).

Appears in 1 contract

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp)

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Increase of Commitments. Section 2.18(a) of the Loan Agreement is hereby amended by deleting the first sentence thereof in its entirety and substituting the following therefor: Provided that no Default or Event of Default has occurred and is continuing, Borrower may, at any time and from time to time, provide a written request to the Administrative Agent to increase the Commitments of the Facility by up to an aggregate maximum amount of Twenty-five Fifty Million Dollars ($25,000,000.0050,000,000.00).

Appears in 1 contract

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp)

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