Increase to Facility Limit Clause Samples

Increase to Facility Limit. The SPV may, from time to time upon at least thirty (30) days (or such lesser number of days agreed to by the Funding Agents) prior written notice, increase the Aggregate Commitment by up to $500,000,000 in the aggregate by (a) adding a new Purchaser Group and/or (b) causing one or more existing Alternate Investors in one or more Purchaser Groups to increase its Commitment or their Commitments, as applicable. Each notice of a proposed increase in the Aggregate Commitment shall specify (i) the proposed date such increase shall become effective, (ii) the proposed amount of such increase (which amount shall be at least $50,000,000 or an integral multiple of $1,000,000 in excess thereof), and (iii) whether such proposed increase is proposed to be reflected in the Commitment of an Alternate Investor in a new Purchaser Group (and the amount of such Commitment) or is requested to be provided by the Alternate Investors in existing Purchaser Groups (and the aggregate amount requested to be provided by the existing Alternate Investors), or both. If all or any portion of such proposed increase is to be effectuated by the addition of a new Purchaser Group, then the Investors and the Funding Agent in such new Purchaser Group shall become parties to this Agreement by executing and delivering to the Administrative Agent, the Funding Agents, the SPV and the Master Servicer an Assignment and Assumption Agreement (with appropriate deletions of the assignment provisions) setting forth the Commitment of the Alternate Investor in such new Purchaser Group. If all or a portion of such increase is proposed to be effectuated by an increase in the Commitment of one or more existing Alternate Investors, then that portion of such increase shall (i) become effective, if, and only if, one or more Funding Agents (on behalf of the related Alternate Investors) approves such increase by delivering a written confirmation of such approval to the Administrative Agent, the Funding Agents and the SPV, setting forth the amount of increase applicable to such Alternate Investor’s Commitment Aggregate Commitment, and (ii) shall be effective solely with respect to the approving Alternate Investors and solely with respect to the amount set forth in their related Funding Agents’ written confirmations. Schedule A shall be revised to reflect each increase in the Aggregate Commitment, the applicable Commitments of the Alternate Investors in the Purchaser Group in connection with such increase, and other ...