Common use of Additional Revolving Commitments Clause in Contracts

Additional Revolving Commitments. On the Amendment and Restatement Effective Date, (i) the Revolving Commitment of each Additional Revolving Lender that has an Existing Revolving Commitment shall be automatically and without further action increased by an amount equal to such Additional Revolving Lender’s Additional Revolving Commitment and (ii) each Additional Revolving Lender that does not have an Existing Revolving Commitment shall automatically and without further action provide a new Revolving Commitment in an amount equal to such Revolving Lender’s Additional Revolving Commitment. To the extent any Revolving Loans are outstanding on the Amendment and Restatement Effective Date, such Revolving Loans shall be prepaid immediately prior to giving effect to the increase in Revolving Commitments on the Amendment and Restatement Effective Date and reborrowed as ABR Loans immediately after giving effect to the increase in Revolving Commitments on the Amendment and Restatement Effective Date, so that such Revolving Loans are held pro rata by the Revolving Lenders after giving effect to such increase. For the avoidance of doubt, such repayment and borrowing of Revolving Loans pursuant to this Section 3.2 shall be subject to Section 2.21, but shall not be subject to the notice and other requirements of Sections 2.5 and 2.11 of the Amended and Restated Credit Agreement.

Additional Revolving Commitments. On (a) Subject to the terms and conditions set forth herein, on the Amendment and Restatement Effective Date, (i) each Additional Commitment Lender shall become or continue to be, as applicable, a “Revolving Lender” and a “Lender” under the Credit Agreement, and shall have all the rights and obligations of a Lender holding a Revolving Commitment thereunder, and (ii) the Revolving Commitment of each Revolving Lender, including each Additional Commitment Lender, will be the amount of such commitment set forth with respect to such Revolving Lender on Schedule 2.01 hereto. The Additional Revolving Lender that has an Existing Commitments and the Revolving Commitment Loans and other extensions of credit made thereunder shall have the terms applicable to the Revolving Commitments in effect prior to the Amendment Effective Date and the Revolving Loans and other extensions of credit made thereunder (including with respect to the Applicable Rate), and the Revolving Commitments, including the Additional Revolving Commitments, of the Lenders shall be automatically several and without further action increased by an amount equal to such Additional not joint and no Revolving Lender will be responsible for any other Revolving Lender’s Additional Revolving Commitment and (ii) each Additional Revolving Lender that does not have an Existing Revolving Commitment shall automatically and without further action provide a new Revolving Commitment in an amount equal failure to such Revolving Lender’s Additional Revolving Commitment. To the extent any make Revolving Loans are outstanding on under the Credit Agreement. On the Amendment and Restatement Effective Date, such Revolving Loans Schedule 2.01 to the Credit Agreement shall be prepaid immediately prior to giving effect to replaced with Schedule 2.01 hereto, which reflects the increase in Revolving Commitments on the Amendment and Restatement Effective Date and reborrowed as ABR Loans immediately after giving effect to the increase in Revolving Commitments on the Amendment and Restatement Effective Date, so that such Revolving Loans are held pro rata by the of all Revolving Lenders after giving effect to such increase. For the avoidance of doubt, such repayment and borrowing of Additional Revolving Loans pursuant to this Section 3.2 shall be subject to Section 2.21, but shall not be subject to the notice and other requirements of Sections 2.5 and 2.11 of the Amended and Restated Credit AgreementCommitments.