Accordion feature

An option that can be included in a syndicated facility ( www.practicallaw.com/0-386-5532) agreement at the outset of a transaction allowing the borrower to increase the amount of principal under the facility agreement as long as there is no event of default ( www.practicallaw.com/9-107-6565) . The maturity, interest and other terms applicable to the increased commitment ( www.practicallaw.com/8-500-8898) are the same as those applicable to the existing loan facility.

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