Example ContractsClausesIncrease Effective Date and Allocations
Increase Effective Date and Allocations
Increase Effective Date and Allocations contract clause examples

Increase Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Sellers shall determine the final allocation of such increase and the effective date thereof (the “Increase Effective Date”). The Administrative Agent shall promptly notify the Sellers and the Purchasers of the final allocation of such increase and the Increase Effective Date and the Purchasers shall receive at least two (2) Business Days’ notice thereof. The Asset Interests of the Purchasers shall be reallocated among all Purchasers (including the New Purchasers) such that the Asset Interests of each Purchaser on the Increase Effective Date shall be consistent with such Purchaser’s new Pro Rata Share on such date. In order to achieve such reallocation, certain Purchasers will be required, and hereby agree, to purchase a portion of the Asset Interests from the other Purchasers in exchange for cash on the Increase Effective Date. The Administrative Agent shall coordinate such reallocation among the Purchasers and its determination shall be final absent manifest error.

Increase Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Sellers shall determine the final allocation of such increase and the effective date thereof (the “Increase Effective Date”). The Administrative Agent shall promptly notify the Sellers and the Purchasers of the final allocation of such increase and the Increase Effective Date and the Purchasers shall receive at least two (2) Business Days’ notice thereof. The Asset Interests of the Purchasers shall be reallocated among all Purchasers (including the New Purchasers) such that the Asset Interests of each Purchaser on the Increase Effective Date shall be consistent with such Purchaser’s new Pro Rata Share on such date. In order to achieve such reallocation, certain Purchasers will be required, and hereby agree, to purchase a portion of the Asset Interests from the other Purchasers in exchange for cash on the Increase Effective Date. The Administrative Agent shall coordinate such reallocation among the Purchasers and its determination shall be final absent manifest error.

Increase Effective Date and Allocations. The Administrative Agent and the Borrowers shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Incremental Increase (limited in the case of the Incremental Lenders to their own respective allocations thereof). The Administrative Agent shall promptly notify the Borrowers and the Incremental Lenders of the final allocation of such Incremental Increases and the Increase Effective Date.

Increase Effective Date and Allocations. The Administrative Agent and the Company shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Incremental Increase. The Administrative Agent shall promptly notify the Company and the Incremental Lenders of the final allocation of such Incremental Increases (limited in the case of the Incremental Lenders to their own respective allocations thereof) and the Increase Effective Date.

Effective Date and Allocations. If the Revolving Credit Facility is increased in accordance with this Section, the Administrative Agent and the applicable Borrower shall determine the effective date (the “Revolving Credit Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the applicable Borrower and the Revolving Credit Lenders and New Revolving Credit Lenders of the final allocation of such increase and the Revolving Credit Increase Effective Date. Upon the effectiveness of any such increase, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the increased Revolving Credit Facility. Any such amendment may be memorialized in writing by the Administrative Agent with the Borrowers’ consent and furnished to the other parties hereto.

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower, the Lenders and the New Lenders of the final allocation of such increase and the Increase Effective Date.

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date.

Effective Date and Allocations. If an Incremental Term Loan or Incremental Revolving Credit Commitment is to be made or established in accordance with this [Section 2.24], the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment among the Lenders. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such Incremental Term Loan, Incremental Revolving Credit Commitment (if applicable) and the Increase Effective Date.

Effective Date and Allocations. The Administrative Agent and the Borrower shall determine the effective date (each an “Increase Effective Date”) of any Incremental Facility and the final allocation of such Incremental Facility among the Appropriate Lenders. The Administrative Agent shall promptly notify the Appropriate Lenders of the final allocation of such Incremental Facility and the applicable Increase Effective Date.

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrowers shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrowers and the Lenders of the final allocation of such increase and the Increase Effective Date.

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