Example ContractsClausesincrease of aggregate revolving loan commitment; incremental term loansVariants
Increase of Aggregate Revolving Loan Commitment; Incremental Term Loans
Increase of Aggregate Revolving Loan Commitment; Incremental Term Loans contract clause examples

The Borrower may at any time or from time to time on one or more occasions after the Effective Date, by written notice delivered to the Administrative Agent request # add one or more additional Classes of term loans or additional term loans of the same Class as any existing Class of term loans (an “Incremental Term Facility”) and/or increase the principal amount of the Term Loans by requesting new term loan commitments to be added to such Loans (an “Incremental Term Increase”, and together with any Incremental Term Facility, the “Incremental Term Loans”), # one or more increases in the amount of the Revolving Commitments of any Class (each such increase, an “Incremental Revolving Commitment Increase”) and/or # one or more additional tranches of revolving commitments (the “Additional Revolving Commitments” and, together with the Incremental Term Loans and the Incremental Revolving Commitment Increase, the “Incremental Facilities”); provided that, at the time that any such Incremental Term Loan, Incremental Revolving Commitment Increase or Additional Revolving Commitment is made or effected, no Event of Default (except, in the case of the incurrence or provision of any Incremental Facility in connection with a Limited Condition Acquisition, no Event of Default pursuant to [Sections 7.01(a), (b), (h) or (i)])])])]) shall have occurred and be continuing. Notwithstanding anything to contrary herein, the aggregate principal amount of the Incremental Facilities that can be incurred at any time shall not exceed the Incremental Cap at such time. Each Incremental Facility shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof if such Incremental Facilities are denominated in Dollars (unless the Borrower and the Administrative Agent otherwise agree); provided that such amount may be less than $2,000,000 if such amount represents all the remaining availability under the aggregate principal amount of Incremental Facilities set forth above.

The Borrower may at any time or from time to time on one or more occasions after the Effective Date, by written notice delivered to the Administrative Agent request # add one or more additional Classes of term loans or additional term loans of the same Class as any existing Class of term loans (an “Incremental Term Facility”) and/or increase the principal amount of the Term Loans by requesting new term loan commitments to be added to such Loans (an “Incremental Term Increase”, and together with any Incremental Term Facility, the “Incremental Term Loans”), # one or more increases in the amount of the Revolving Commitments of any Class (each such increase, an “Incremental Revolving Commitment Increase”) and/or # one or more additional tranches of revolving commitments (the “Additional Revolving Commitments” and, together with the Incremental Term Loans and the Incremental Revolving Commitment Increase, the “Incremental Facilities”); provided that, at the time that any such Incremental Term Loan, Incremental Revolving Commitment Increase or Additional Revolving Commitment is made or effected, no Event of Default (except, in the case of the incurrence or provision of any Incremental Facility in connection with a Limited Condition Acquisition, no Event of Default pursuant to [Sections 7.01(a), (b), (h) or (i)])])])]) shall have occurred and be continuing. Notwithstanding anything to contrary herein, the aggregate principal amount of the Incremental Facilities that can be incurred at any time shall not exceed the Incremental Cap at such time. Each Incremental Facility shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof if such Incremental Facilities are denominated in 1">Dollars1">dollars (unless the Borrower and the Administrative Agent otherwise agree); provided that such amount may be less than $2,000,000 if such amount represents all the remaining availability under the aggregate principal amount of Incremental Facilities set forth above.

0">The Borrower may at0">At any time 2">or2">and from time to 4">time on one or more occasions after4">time, subject to the 6">Effective Date,6">terms and conditions set forth herein, the Borrower may, by 8">written notice10"> delivered to the Administrative Agent 12">(whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders[[Borrower:Organization]], request 14">#14">to add one or more 16">additional Classes16">tranches of 18">term loans or additional term loans of the same Class as any existing Class of term loans (an18">Term A Loans (theIncremental Term 20">Facility”20">A Loans) 22">and/or 24">increase the principal amount of the Term 26">B Loans 28">by requesting new term loan commitments to be added to such Loans (an28">(theIncremental Term 30">Increase”, and30">B Loans” and, together with 32">any32">the Incremental Term 34">Facility,34">A Loans, the “Incremental Term Loans”), 36">#36">one or more increases in any Class of Term Loans or Incremental Term Loans (the “Incremental Term Loan Increases”), one or more additional revolving credit facility tranches (the “Incremental Revolving Facilities”) or one or more increases in the 38">amount of the Revolving 40">Credit Commitments 42">of any Class (each such increase, an42">(theIncremental Revolving 44">Commitment Increase”) and/or # one or more additional tranches of revolving commitments (the “Additional Revolving Commitments”46"> and,46">; together with the Incremental Term 48">Loans48">Loans, the Incremental Term Loan Increases and the Incremental Revolving 50">Commitment Increase,50">Facilities, the “Incremental Facilities”); provided 52">that, at the time that 54">any such Incremental Term Loan, Incremental Revolving Commitment Increase or Additional Revolving Commitment is made or effected, no Event of Default (except, in the case of the incurrence or provision of any Incremental Facility in connection with a Limited Condition Acquisition, no Event of Default pursuant to [Sections 7.01(a), (b), (h) or (i)])])])]) shall have occurred and be continuing. Notwithstanding anything to contrary herein, the aggregate principal amount of the Incremental Facilities that can be incurred at any time shall not exceed the Incremental Cap at such time. Each Incremental Facility shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof if such Incremental Facilities are denominated in Dollars (unless the Borrower and the Administrative Agent otherwise agree); provided that such amount may be less than $2,000,000 if such amount represents all the remaining availability under54"># the aggregate principal amount of Incremental Facilities 56">set forth above.56">(other than Refinancing Revolving Commitments and Refinancing Term Loans[[Borrower:Organization]] on any date Indebtedness thereunder is first incurred will not exceed an amount equal to the Permitted Incremental Amount and # with respect to Refinancing Revolving Commitments and Refinancing Term Loans, the principal amount of such Refinancing Revolving Commitments or Refinancing Term Loans, as applicable, does not exceed the principal amount of the Revolving Credit Facility or Term Loans so refinanced except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such refinancing.

The Borrower 1">may1">may, at any 3">time or from time to time3">time, on one or more occasions 5">after the Effective Date, by written notice delivered5">pursuant to 7">the Administrative Agent request7">an Incremental Facility Amendment # add one or more 9">additional Classes9">new tranches of term 11">loans or additional term loans of the same Class as any existing Class of term loans (an “Incremental Term Facility”) and/11">facilities or increase the principal amount of the Term Loans 13">of any existing Class by requesting new 15">term loan commitments to 17">be added to17">provide such 19">Term Loans 21">(an21">(any such new tranche or increase, anIncremental Term 23">Increase”,23">Facility” and25"> any loans made pursuant to an Incremental Term Facility, “Incremental Term Loans”) or # add one or more new tranches of Incremental Revolving Commitments or increase the aggregate amount of the Revolving Credit Commitments of any existing Class (any such new tranche or increase, an “Incremental Revolving Facility” and, together with any Incremental Term Facility, 27">“Incremental Facilities”; and the 29">“Incremental Term Loans”), # one or more increases in the amount of the Revolving Commitments of any Class (each such increase, an29">loans thereunder,Incremental Revolving 31">Commitment Increase”) and/or # one or more additional tranches of revolving commitments (the “Additional31">Loans” and any Incremental Revolving 33">Commitments” and,33">Loans, together with 35">the35">any Incremental Term 37">Loans and the Incremental Revolving Commitment Increase, the37">Loans,Incremental 39">Facilities”39">Loans)41">; provided that, at the time that any such Incremental Term Loan, Incremental Revolving Commitment Increase or Additional Revolving Commitment is made or effected, no Event of Default (except, in 43">the case of the incurrence or provision of any Incremental Facility in connection with a Limited Condition Acquisition, no Event of Default pursuant to [Sections 7.01(a), (b), (h) or (i)])])])]) shall have occurred and be continuing. Notwithstanding anything to contrary herein, the43">an aggregate45"> outstanding principal amount 47">of the Incremental Facilities that can be incurred at any time shall not49"> to exceed the Incremental 51">Cap at such time. Each Incremental Facility shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof if such Incremental Facilities are denominated in Dollars (unless the Borrower and the Administrative Agent otherwise agree);51">Cap; provided 53">that such amount may be less than $2,000,000 if such amount represents all the remaining availability under the aggregate principal amount of Incremental Facilities set forth above.53">that:

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