Common use of Procedure for Obtaining Increases in Commitment Clause in Contracts

Procedure for Obtaining Increases in Commitment. To obtain an increase in the Commitment, Borrower Agent shall deliver an Expansion Request to Lender. Each Expansion Request shall include the following: (i) the total amount of the proposed increase; (ii) a designation of the increase as being part of the Fixed Facility Commitment and/or the Variable Facility Commitment and/or the Fixed Credit Enhancement Facility Commitment and/or the Variable Credit Enhancement Facility; (iii) if such increase in the Commitment occurs after the First Anniversary, a request that Lender inform Borrower Agent of the Fixed Facility Fee and/or the Variable Facility Fee and/or the Credit Enhancement Facility Fee that will apply to Advances drawn from, or Credit Enhancement Instruments delivered pursuant to, such increase in the Commitment; and (iv) a request that Lender inform Borrower Agent of Net Worth and Liquidity requirements that will apply upon the expansion of the Commitment.