Common use of Increasing Banks Clause in Contracts

Increasing Banks. Each Increasing Bank shall confirm its agreement to increase its Revolving Credit Commitment pursuant to an acknowledgement in a form acceptable to the Agent, signed by it and the Borrower and delivered to the Agent at least five (5) days before the effective date of such increase.

Appears in 2 contracts

Samples: Credit Agreement (WESTMORELAND COAL Co), Credit Agreement (Westmoreland Coal Co)

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Increasing Banks. Each If any portion of the increase in Revolving Credit Commitments is being provided by one or more Increasing Bank Banks, then such Increasing Banks shall confirm its their agreement to increase its their Revolving Credit Commitment pursuant to an acknowledgement in a form revolving credit commitment increase agreement, acceptable to the Agent, signed by it the Increasing Banks and the Borrower Loan Parties and delivered to the Agent at least five (5) days Business Days before the effective date of such increaseRevolving Credit Commitment Increase Date.

Appears in 2 contracts

Samples: Joinder and Assumption Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc)

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