Common use of Right to Increase Commitment Clause in Contracts

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).

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Camden Property Trust)

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Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article and this AgreementArticle, Borrower shall have the right right, during the Fixed Facility Availability Period, to increase the Fixed Facility CommitmentCommitment and, during the Variable Facility Availability Period, to increase the Variable Facility Commitment, or both (the “Expansion”). Borrower’s 's right to increase the Expansion Commitment is subject to the following limitations: (a) Maximum Amount of Increase in Commitment. As of the Initial Closing Date, the amount of the Commitment is $390,000,000. The maximum amount of by which the Expansion Commitment may be increased is $70,000,000 (for a maximum total Commitment of $450,000,000)10,000,000.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Sun Communities Inc)

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Right to Increase Commitment. Subject to the terms, conditions and limitations of this Article and this AgreementArticle, Borrower shall have the right right, during the Fixed Facility Availability Period, to increase the Fixed Facility CommitmentCommitment and, during the Variable Facility Availability Period, to increase the Variable Facility Commitment, or both (the “Expansion”). Borrower’s 's right to increase the Expansion Commitment is subject to the following limitations: (a) Maximum Amount of Increase in Commitment. The maximum amount of by which the Expansion Commitment may be increased is $70,000,000 (for a maximum total Commitment of $450,000,000)98,240,000.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Sun Communities Inc)

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