Increase to Revolving Loan Commitment. Borrower may request, from time to time, that the Revolving Loan Commitment be increased to up to Five Million and No/100 United States Dollars (US$5,000,000); and Lender, in its sole and absolute discretion, may make available Revolving Loan Commitment increases to Borrower. Lender’s election to increase the Revolving Loan Commitment from time to time may be granted or denied by Lender in its sole and absolute discretion, however, at a minimum, the following conditions must be satisfied, in Lender’s sole and absolute discretion:
Increase to Revolving Loan Commitment. Borrower may request and the Lender may, in its sole and absolute discretion (employing substantially the same analysis and metrics the Lender used when determining to originally extend credit hereunder), agree that on such later indeterminate dates, Lender further increases the Revolving Loan Commitment; and Lender, in its sole discretion, may, but in any event, is not required to, make available such additional Revolving Loan Commitment increases to Borrower provided the following conditions have been satisfied, in Lender’s sole and absolute discretion:
Increase to Revolving Loan Commitment. Borrower may request and the Lender may, in its sole and absolute discretion (employing substantially the same analysis and metrics the Lender used when determining to originally extend credit hereunder), agree that on such later indeterminate dates, Lender further increases the Revolving Loan Commitment up to an amount not to exceed Five Million and No/100 United States Dollars (US$5,000,000); and Lender, in its sole discretion, may, but in any event, is not required to, make available such additional Revolving Loan Commitment increases to Borrower provided the following conditions have been satisfied, in Lender’s sole and absolute discretion:
Increase to Revolving Loan Commitment. Borrower may request, from time to time, that the Revolving Loan Commitment be increased to up to Xxx Xxxxxxx xxx Xx/000 Xxxxxx Xxxxxx Dollars (US$10,000,000); and Lender, in its sole and absolute discretion, may make available Revolving Loan Commitment increases to Borrower. Lender's election to increase the Revolving Loan Commitment from time to time may be granted or denied by Lender in its sole and absolute discretion, however, at a minimum, the following conditions must be satisfied, in Lender's sole and absolute discretion:
Increase to Revolving Loan Commitment. Borrowers may request, one time prior to the Revolving Loan Maturity Date, the Revolving Loan Commitment be increased up to $5,000,000 and Lender shall make available such additional Revolving Loan Commitment to Borrowers provided the following conditions have been satisfied, in Lender’s sole discretion:
Increase to Revolving Loan Commitment. Borrower may request and the Lender may, in its sole and absolute discretion (employing substantially the same analysis and metrics the Lender used when determining to originally extend credit hereunder), agree to increase the Revolving Loan Commitment to such additional amounts and at such times as may be determined by the Lender in its sole discretion, up to an amount not to exceed Four Million and No/100 United States Dollars (US$4,000,000); and Lender, in its sole discretion, may, but in any event, is not required to, make available such additional Revolving Loan Commitment increases to Borrower provided the following conditions have been satisfied, in Lender’s sole and absolute discretion: (i) no Event of Default shall have occurred and be continuing or result from the applicable increase of the Revolving Loan Commitment; (ii) Borrower shall have executed and delivered a new or revised Revolving Note; (iii) after giving effect to such increase, the amount of the aggregate outstanding principal balance of all Revolving Loans shall not be in excess of the Revolving Loan Availability; and (iv) Lender shall have reviewed and accepted the amount and type of Accounts that are to be Eligible Accounts.
Increase to Revolving Loan Commitment. Borrowers may request: (I) that on the ninetieth (90th) day following the Closing Date, Lender increase the Revolving Loan Commitment to One Million Three Hundred Thousand Dollars ($1,350,000) (“First Commitment Increase”); and (II) that at any time after the First Commitment Increase but prior to the Revolving Loan Maturity Date, that the Revolving Loan Commitment be increased to up to Five Million Dollars ($5,000,000); and Lender, in its sole discretion, may make available the foregoing Revolving Loan Commitment increases to Borrower in such amounts as Lender may determine provided the following conditions have been satisfied, in Lender’s sole and absolute discretion:
Increase to Revolving Loan Commitment. Borrowers may request: (I) that Lender increase the Revolving Loan Commitment to up to One Million Four Hundred Fifty Thousand Dollars ($1,450,000) (“First Commitment Increase”); and (II) that at any time after the First Commitment Increase but prior to the Revolving Loan Commitment Maturity Date, that the Revolving Loan Commitment be increased to up to Two Million Dollars ($2,000,000); and Lender agrees to make available the foregoing Revolving Loan Commitment increases to Borrower provided the following conditions have been satisfied:
Increase to Revolving Loan Commitment. A. In the event that the Borrower wishes to increase the Revolving Loan Commitment at any time when no Default or Event of Default has occurred and is continuing (or would result from such increase), it shall notify the Agent in writing of the amount (the “Revolving Credit Offered Increase Amount”) of such proposed increase (such notice, a “Commitment Increase Notice”) in a minimum amount equal to $5,000,000 or a whole multiple of $5,000,000 in excess thereof. The Borrower may offer the Revolving Credit Offered Increase Amount to (i) any Lender and/or (ii) other banks, financial institutions or other entities with the consent of the Agent, such consent not to be unreasonably withheld (“Approved New Lender Offerees”). The Commitment Increase Notice shall (A) specify the Lenders and/or Approved New Lender Offerees that will be requested to provide such Revolving Credit Offered Increase Amount, (B) specify the proposed effective date and (C) be accompanied by a certificate executed by one or more duly authorized officers of the Borrower stating that no Default or Event of Default has occurred and is continuing (or would result from such increase). The Borrower or, if requested by the Borrower, the Agent will notify such Lenders, and/or Approved New Lender Offerees of such offer.
Increase to Revolving Loan Commitment. Upon receipt from the Borrower of evidence of an executed purchase order placed with the Borrower by Xxxxxx Corporation, the terms and form of which are satisfactory to the Lender in Lender’s sole but reasonable discretion, Lender shall make an advance to the Borrower and shall further increase the Revolving Loan Commitment by a principal amount of the lesser of (i) eighty percent (80%) of the purchase price stated in the purchase order placed with the Borrower by Xxxxxx Corporation or (ii) Seven Hundred Fifty Thousand United States Dollars (US$750,000) (the “Xxxxxx Advance”). In addition, following the Xxxxxx Advance, Borrower may request and the Lender may, in its sole and absolute discretion (employing substantially the same analysis and metrics the Lender used when determining to originally extend credit hereunder), agree on such later indeterminate dates, to further increase the Revolving Loan Commitment. In the event of any increase in the Revolving Loan Commitment following the Closing Date (included, but not limited to the Xxxxxx Advance), as a condition precedent to such increase, the following conditions must be satisfied, to the satisfaction of Lender in Lender’s sole and absolute discretion:
