Common use of Increases to Aggregate Commitment Clause in Contracts

Increases to Aggregate Commitment. The Borrower shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.4.2 has been complied with, provided further that the Aggregate Commitment shall not at any time exceed $150,000,000 without the approval of the Agent and all of the Lenders. 1.

Appears in 1 contract

Samples: Assignment Agreement (Hovnanian Enterprises Inc)

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Increases to Aggregate Commitment. The Borrower shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.4.2 has been complied with, provided further that the Aggregate Commitment shall not at any time exceed $150,000,000 400,000,000 without the approval of the Agent and all of the Lenders. 1.

Appears in 1 contract

Samples: Credit Agreement (Prism Financial Corp)

Increases to Aggregate Commitment. The Borrower Borrowers shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.4.2 has been complied with, provided further that the Aggregate Commitment shall not at any time exceed $150,000,000 200,000,000 without the approval of the Agent and all of the Lenders. 1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hovnanian Enterprises Inc)

Increases to Aggregate Commitment. The Borrower shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.4.2 has been complied with, provided further that the Aggregate Commitment shall not at any time exceed $150,000,000 90,000,000 without the approval of the Agent and all of the Lenders. 1.

Appears in 1 contract

Samples: Credit Agreement (Mego Mortgage Corp)

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Increases to Aggregate Commitment. The Borrower Borrowers shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.4.2 has been complied with, provided further that the Aggregate Commitment shall not at any time exceed $150,000,000 142,000,000 without the approval of the Agent and all of the Lenders. 1.12.4.2

Appears in 1 contract

Samples: Assignment Agreement (Hovnanian Enterprises Inc)

Increases to Aggregate Commitment. The Borrower shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Administrative Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.4.2 clause (ii) has been complied with, provided further that the Aggregate Commitment shall not at any time exceed $150,000,000 300,000,000 without the approval of the Administrative Agent and all of the Lenders. 1.

Appears in 1 contract

Samples: Credit Agreement (Interim Services Inc)

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