2023 Incremental Revolving Commitment Sample Clauses

2023 Incremental Revolving Commitment. (a) Subject to the terms and conditions set forth herein and in the Credit Agreement (as amended hereby), the 2023 Incremental Revolving Lender party hereto agrees that it shall have a 2023 Incremental Revolving Commitment on and as of the Second Amendment Effective Date in Dollars in a principal amount not to exceed the amount set forth opposite such 2023 Incremental Revolving Lender’s name on Schedule 1 hereto. (b) Immediately upon the establishment of the 2023 Incremental Revolving Commitment on the Second Amendment Effective Date, (A) the 2023 Incremental Revolving Commitment shall be added to (and form part of) the existing Class of Revolving Commitments under the Credit Agreement, (B) the 2023 Incremental Revolving Commitment shall be secured by identical collateral and guaranteed on identical terms as the existing Revolving Commitments and (C) the 2023 Incremental Revolving Commitment shall effectively increase the principal amount of, the Revolving Commitments in effect immediately prior to the Second Amendment Effective Date (the “Existing Revolving Commitments”). (c) The terms of the 2023 Incremental Revolving Commitment shall be identical to the terms of the Existing Revolving Commitments, as such terms of the Existing Revolving Commitments are amended pursuant to Section 2 of this Second Amendment. Without limiting the foregoing, upon the establishment of the 2023 Incremental Revolving Commitment on the Second Amendment Effective Date, the 2023 Incremental Revolving Commitment shall be deemed to be a “Revolving Commitment”, and shall constitute an incremental increase of, and be part of the same Class as, the Existing Revolving Commitments, and each Lender holding a 2023 Incremental Revolving Commitment shall be deemed to be a “Revolving Lender” and a “Lender”, in each case, for all purposes of the Credit Agreement and the other Loan Documents. (d) Upon the Second Amendment Effective Date, (i) each Lender with a Revolving Commitment immediately prior to such increase will automatically and without further act be deemed to have assigned to the 2023 Incremental Revolving Lender in respect of such increase, and the 2023 Incremental Revolving Lender will automatically and without further act be deemed to have assumed, a portion of such L▇▇▇▇▇’s participations hereunder in outstanding Letters of Credit and Swingline Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate o...