Common use of Increase of Total Commitment Clause in Contracts

Increase of Total Commitment. (a) Subject to the conditions set forth in Section 2.16(b), the Borrower may increase the Total Commitment then in effect (any such increase an “Incremental Increase”) by increasing the Commitment of a Lender (an “Increasing Lender”) or by causing a Person that at such time is not a Lender to become a Lender (an “Additional Lender”).

Appears in 21 contracts

Samples: Credit Agreement (Vine Energy Inc.), Credit Agreement (Vine Energy Inc.), Credit Agreement

AutoNDA by SimpleDocs

Increase of Total Commitment. (a) Subject to the conditions set forth in Section 2.16(b), the Borrower may may, from time to time (including in connection with any redetermination of the Borrowing Base), increase the Total Commitment then in effect (any such increase an “Incremental Increase”) by increasing the Commitment of a Lender (an “Increasing Lender”) or by causing a Person that at such time is not a Lender to become a Lender (an “Additional Lender”).

Appears in 3 contracts

Samples: Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp), Credit Agreement (Concho Resources Inc)

Increase of Total Commitment. (a) Subject to the conditions set forth in Section 2.16(b), the Borrower may increase the Total Commitment then in effect (any such increase an “Incremental Increase”) with the prior written consent of the Administrative Agent by increasing the Commitment of a Lender (an “Increasing Lender”) or by causing a Person that at such time is not a Lender to become a Lender (an “Additional Lender”).

Appears in 2 contracts

Samples: Security Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Holdings LLC)

AutoNDA by SimpleDocs

Increase of Total Commitment. (a) Subject to the conditions set forth in Section 2.16(b), the Borrower may may, from time to time (including in connection with any redetermination of the Borrowing Base), increase the Total Commitment then in effect (any such increase an “Incremental Increase”) by increasing either or both (as determined by the Borrower) requesting an increase in the Commitment of a Lender one or more Lenders (an “Increasing Lender”) or by causing a Person one or more Persons that at such time is not a Lender to become a Lender (an “Additional Lender”).

Appears in 1 contract

Samples: Pledge Agreement (Roan Resources, Inc.)

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