Examples of Increasing Extending Lender in a sentence
The undersigned proposes to become an Assuming [Increasing] [Extending] Lender pursuant to Section [2.20] [2.21] of the Credit Agreement and, in that connection, hereby agrees that it shall become a Lender for purposes of the Credit Agreement on [insert applicable Increase Date or Termination Date] and that its Commitment shall as of such date be $___________.
No later than 5 days after its receipt of the Administrative Agent’s notice, each Extending Lender that is willing to increase its Commitment hereunder (an “Increasing Extending Lender”) shall deliver to the Administrative Agent a notice in which such Lender shall set forth the maximum increase in its Commitment to which such Increasing Extending Lender is willing to agree, and the Administrative Agent shall promptly provide to the Company a copy of such Increasing Extending Lender’s notice.