Loan Increase. (a) Pursuant to Section 3.2 of the Loan Agreement, the Lender and the Closing Date Borrowers agree to the Fifth Mortgage Loan Increase, to be divided into the Components described in Section 2.01.
Loan Increase. (a) Pursuant to Section 3.2 of the Loan Agreement, the Lender and the Closing Date Borrowers agree to the Sixth Mortgage Loan Increase corresponding to the 2020-1C Component, 2020-2C Component and the 2020-2R Component.
Loan Increase. (a) Pursuant to Section 3.2 of the Loan Agreement, the Lender and the Borrowers agree to the Third Loan Increase, constituting the Component described in Section 2.01.
Loan Increase. The Loan is hereby increased to $130,000,000.00 and in that regard, the Loan Agreement, the Mortgage, and all of the other Loan Documents are hereby modified and amended to reflect the amount of the Loan is $130,000,000.00.
Loan Increase. Subject to the terms and conditions of this Agreement, Lenders hereby grant to Borrower and Borrower hereby accepts an increase in Lenders’ aggregate Revolving Commitments to FORTY MILLION AND NO/100THS DOLLARS ($40,000,000.00) (the “Increased Commitment”). All references in the Loan Documents to the Revolving Commitments are hereby amended to reference the Increased Commitment. Schedule 1 to the Credit Agreement is hereby deleted and replaced with Schedule 1 attached hereto.
Loan Increase. (a) The Borrower may, at any time and from time to time, by notice to the Agent, request, within the limitations hereinafter set forth, an increase in the principal amount of the Loans hereunder ("Loan Increase"), which notice by the Borrower shall set forth the amount of such requested Loan Increase. A Loan Increase may be effected either by having one or more New Banks become Banks hereunder and advance the Loan Increase and/or by having one or more of the Banks that is theretofore a party to this Agreement (at the election and sole discretion of any such Bank) and that has been approved by the Borrower and the Agent increase the amount of its Loans, provided that (i) any Loan Increase advanced by a Bank that was theretofore a party to this Agreement shall be in an amount of not less than $5,000,000 (and, if in excess thereof, in an integral multiple of $1,000,000, (ii) the amount of the Loan Increase advanced by any New Bank shall be in an amount of not less than $10,000,000 (and, if in excess thereof, in an integral multiple of $1,000,000) and (iii) in no event shall the maximum outstanding principal amount of all Loans hereunder upon the advance of such Loan Increase exceed $100,000,000.
(b) As a condition to any Loan Increase, (i) the Borrower and each New Bank or other Bank advancing such Loan Increase shall have executed and delivered a supplement to this Agreement (the "Loan Supplement") substantially in the form of EXHIBIT B hereto, and the Agent shall have accepted and executed the same;
Loan Increase. Effective as of ______________* and subject to the satisfaction of the conditions set forth in Section 2.21(b) of the Term Loan Agreement each Bank identified on the signature pages hereof not heretofore a party to the Term Loan Agreement shall become a party to the Term Loan Agreement as a Bank and shall have all of the rights and obligations of a Bank and shall agree to be bound by the terms and provisions thereof, and (b) each Bank identified on the signature pages hereof shall advance the amount of the Loan Increase set forth opposite its signature. * This date is to be agreed upon by the parties to this Supplement (as provided in Section 2.21(c)).
Loan Increase. Subject to Borrower's execution and delivery of, and satisfaction of all of the terms and conditions of this Agreement, the Lender shall contemporaneously herewith increase the amount of the Loan, and the maximum principal amount that may be outstanding at any one time under the Loan, to the sum of Three Million and no/100 Dollars ($3,000,000.00). The additional Loan principal shall be disbursed in accordance with the terms and conditions of the Loan Agreement.
Loan Increase. Effective as of the date hereof, the total committed amount of the Loan is increased by $2,500,000 (the “Loan Increase”) to $35,370,000 (the “Loan”). Borrower and Lender hereby acknowledge that the unpaid balance of the Amended and Restated Installment Note as of the date hereof is $24,536,351.44. The amount of $10,833,648.56 remains available to be funded under the Loan in accordance with the terms of the Loan Documents.
Loan Increase. Borrower requests Lender to increase the amount available for advance under the terms of the Note by S750,000.00. Borrower and Lender acknowledge that the Note is a revolving line of credit and therefore, Borrower promises to pay the order of Lender, the sum of S1,500,000.00, or the unpaid principal balance outstanding from all advances made under the Note in accordance with the terms of the Loon Agreement, as amended.
