IDA » Topics » Increase of

This excerpt taken from the IDA 8-K filed Mar 22, 2005.

Increase of

Commitments:      The Borrower shall have the right to increase the aggregate commitments under the Facility at any time after closing, by $25,000,000 or an integral multiple of $1,000,000 in excess thereof, up to an aggregate maximum amount of $50,000,000, provided that (i) at the time of and after giving effect to any such increase, the representations and warranties of the Borrower in the definitive credit documentation for the Facility shall be true and correct in all material respects and (ii) no default or unmatured default under the Facility has occurred and is continuing.  The Borrower may increase the aggregate amount of the commitments by (i) having another lender or other lenders (each, an "Additional Lender") become party to the definitive credit agreement, (ii) agreeing with any existing Lender to increase its commitment (with the understanding that no existing Lender will be obligated to increase its commitment) or (iii) a combination of the procedures described in clauses (i) and (ii) of this sentence, providedthat the sum of the increases in the commitments of the Lenders plus the commitments of the Additional Lenders shall not in the aggregate exceed the amount of the requested increase.


"Increase of" elsewhere:

El Paso Electric Company (EE)
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