Common use of Adjustment of Revolving Loans Clause in Contracts

Adjustment of Revolving Loans. To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental Revolving Commitments, each Revolving Lender shall purchase or sell (as the case may be), without recourse, an amount of the Revolving Loans outstanding such that, after giving effect to the Incremental Revolving Commitments, the amount of each such Lender’s Revolving Commitment utilized and the amount of the Revolving Loans owed to each Revolving Lender will be equal to its Applicable Revolving Percentage thereof after giving effect to such increase. The Borrowers shall pay each Revolving Lender any additional amounts required pursuant to Section 3.05 as a result of any such purchases or sales.