Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article, the Borrower shall have the right to increase the Base Facility Commitment, the Revolving Facility Commitment, or both. The Borrower’s right to increase the Commitment is subject to the following limitations:
Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article, the Borrower shall have the right, at any time or from time to time during the Fixed Facility Availability Period, to increase the Fixed Facility Commitment, the Variable Facility Commitment, or both. Either Commitment may be increased by the addition of Collateral to the Collateral Pool and/or increases in the value of the Mortgaged Properties. The Borrower’s right to increase the Commitment is subject to the following limitations:
Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article and this Agreement, Borrower shall have the right to increase the Fixed Facility Commitment, the Variable Facility Commitment, or both (the “Expansion”). Borrower’s right to the Expansion is subject to the following limitations:
(a) Maximum Amount of Increase in Commitment. The maximum amount of the Expansion is $70,000,000 (for a maximum total Commitment of $450,000,000).
Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article, Borrower shall have the right, during the Fixed Facility Availability Period, to increase the Fixed Facility Commitment and, during the Variable Facility Advance Period, to increase the Variable Facility Commitment. Either Commitment may be increased by the addition of Collateral to the Collateral Pool and/or increases in the value of the Mortgaged Properties. Borrower's right to increase the Commitment is subject to the following limitations:
(a) Maximum Amount of Increase in Commitment. The maximum amount by which the Commitment may be increased is $40,000,000.
Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article and of Article 15.17, Borrower shall have the right, at any time prior to the First Anniversary, to increase the Fixed Facility Commitment, the Variable Facility Commitment, the Variable Credit Enhancement Facility Commitment or the Fixed Credit Enhancement Facility Commitment, or all of them Borrower’s right to increase the Commitment is subject to the following limitations:
Right to Increase Commitment. 40 ---------------------------- SECTION
Right to Increase Commitment. Subject to the terms, conditions and limitations of this Section, the Borrower shall have the right, at any time or from time to time during the Loan Availability Period, to increase the DMBS Loan Commitment. The DMBS Loan Commitment may be increased by (i) the addition of Collateral to the Collateral Pool and/or (ii) the amount of any DMBS Loan Facility Expansion Request approved by Lender. The Borrower’s right to increase the DMBS Loan Commitment is subject to the following limitations:
Right to Increase Commitment. 12 SECTION 4.02. Procedure for Obtaining Increases in Commitment......................................12 SECTION 4.03. Closing..............................................................................13 ARTICLE 5
Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article, the Borrower shall have the right, at any time or from time to time during the Fixed Facility Availability Period, to increase the Fixed Facility Commitment, the Variable Facility Commitment, or both. Either Commitment may be increased by the addition of Collateral to the Collateral Pool and/or increases in the value of the Mortgaged Properties. No increase in the Commitments shall be made in respect of Valuations of the Mortgaged Properties in excess of the Initial Valuations of any Mortgaged Property until such time as each of the Multifamily Residential Properties listed on EXHIBIT CC to this Agreement has achieved 85% occupancy as determined by Lender. Notwithstanding the preceding sentence, the Commitments may be increased in respect of an increased Valuation of the Mortgaged Property known as Montgomery when such Mortgaged Property has achieved at least 90% ocxxxxxxx xxr not less than ninety (90) consecutive days. Nothing in this paragraph shall limit the Borrower's right to increase the Commitments as a result of additions of Mortgaged Properties to the Collateral Pool. The Borrower's right to increase the Commitment is subject to the following limitations:
(a) MAXIMUM AMOUNT OF INCREASE IN COMMITMENT. The maximum amount by which the Commitment may be increased is $81,769,000.
Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article, the Borrower shall have the right, at any time or from time to time during the Fixed Facility Availability Period, to increase the Fixed Facility Commitment, the Variable Facility Commitment, or both. Either Commitment may be increased by increases in the value of the Mortgaged Properties or as a result of additions of Mortgaged Properties to the Collateral Pool. The Borrower’s right to increase the Commitment as a result of increases in the value of the Mortgaged Properties is subject to the following limitations:
(a) Maximum Amount of Increase in Commitment. The maximum amount by which the Commitment may be increased is $493,000. Notwithstanding the terms of this Agreement and Section 8.01 of that certain Amended and Restated Master Credit Facility Agreement dated as of December 10, 2003 by and between Borrower and Lender (the “Other Credit Agreement”), Borrower hereby agrees that the total Commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement shall not exceed $611,000,000. Notwithstanding the foregoing, Borrower shall have the right to further increase the Commitment by an additional $33,000,000 (to a maximum Commitment of $193,000,000) to the extent that Borrower pays off and causes to be released the liens currently placed on those certain Multifamily Residential Properties identified on Exhibit HH (the “DUS Properties”). Borrower Parties acknowledge that the DUS Properties are currently subject to liens under the Xxxxxx Xxx Delegated Underwriting and Servicing program (the “DUS Liens”) and are serviced by Lender. Borrower shall be permitted such further increase in the Commitment (not to exceed $193,000,000) in increments equal to the amount of any released DUS Liens. In such event, Borrower hereby agrees that the total commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement, shall not exceed $704,000,000
