Common use of Adjustments of Borrowings upon Effectiveness of Increase Clause in Contracts

Adjustments of Borrowings upon Effectiveness of Increase. In the event that the Administrative Agent shall have received notice from PFI as to any agreement with respect to a Commitment Increase on or prior to the relevant Commitment Increase Date and the actions provided for in Section 2.09(d)(ii) shall have occurred by 9:00 a.m., New York City time, on such Commitment Increase Date, the Administrative Agent shall notify the Banks (including any Assuming Banks) of the occurrence of such Commitment Increase Date promptly on such date by facsimile transmission or electronic messaging system. On the date of such Commitment Increase, if (i) any Revolving Credit Loans shall be outstanding and (ii) either (x) such Commitment Increase shall not be provided by the then existing Banks pro rata in accordance with their respective Commitments or (y) any part of such Commitment Increase shall be provided by an Assuming Bank, the Borrowers shall (A) prepay the outstanding Revolving Credit Loans (if any) in full, (B) if the Borrowers shall have so requested in accordance with this Agreement, borrow new Revolving Credit Loans hereunder in an amount equal to such prepayment, so that, after giving effect thereto, the Revolving Credit Loans are held ratably by the Banks in accordance with the respective Commitments of such Banks (after giving effect to such Commitment Increase) and (C) pay to the Banks the amounts, if any, payable under Section 2.13.

Adjustments of Borrowings upon Effectiveness of Increase. In the event that the Administrative Agent shall have received notice from PFI the Company as to any agreement with respect to a Commitment Increase on or prior to the relevant Commitment Increase Date and the actions provided for in Section 2.09(d)(iiclauses (ii)(x) through (ii)(z) above shall have occurred by 9:00 a.m., New York City time, on such Commitment Increase Date, the Administrative Agent shall notify the Banks Dollar Lenders (including any Assuming BanksLenders) of the occurrence of such Commitment Increase Date promptly on such date by facsimile transmission or electronic messaging system. On the date of such Commitment Increase, if (i) each Borrower in respect of any Revolving Credit outstanding Syndicated Loans shall be outstanding and (ii) either (x) such Commitment Increase shall not be provided by the then existing Banks pro rata in accordance with their respective Commitments or (y) any part of such Commitment Increase shall be provided by an Assuming Bank, the Borrowers shall (A) prepay the outstanding Revolving Credit such Syndicated Loans (if any) in full, (B) if the Borrowers such Borrower shall have so requested request in accordance with this Agreementthe terms hereof, simultaneously borrow new Revolving Credit Syndicated Loans hereunder in an amount equal to such prepayment, so that, after giving effect thereto, the Revolving Credit Syndicated Loans are held ratably by the Banks Dollar Lenders in accordance with the their respective Dollar Sub-Commitments of such Banks (after giving effect to such Commitment Increase) and (C) pay to the Banks Dollar Lenders the amounts, if any, payable under Section 2.132.17.

Adjustments of Borrowings upon Effectiveness of Increase. In the event that the Administrative Agent shall have received notice from PFI the Company as to any agreement with respect to a Commitment Increase on or prior to the relevant Commitment Increase Date and the actions provided for in Section 2.09(d)(iiclauses (ii)(x) through (ii)(z) above shall have occurred by 9:00 a.m., New York City time, on such Commitment Increase Date, the Administrative Agent shall notify the Banks Lenders (including any Assuming BanksLenders) of the occurrence of such Commitment Increase Date promptly on such date by facsimile transmission or electronic messaging system. On the date of such Commitment Increase, if (i) any Revolving Credit Loans shall be outstanding and (ii) either (x) such Commitment Increase shall not be provided by the then existing Banks pro rata in accordance with their respective Commitments or (y) any part of such Commitment Increase shall be provided by an Assuming Bank, the Borrowers shall simultaneously (A) prepay the then outstanding Revolving Credit Syndicated Loans (if any) in fullfull held by the Lenders immediately prior to giving effect to such Commitment Increase, (B) if the Borrowers any Borrower shall have so requested request in accordance with this Agreementthe terms hereof, borrow new Revolving Credit Syndicated Loans hereunder from all Lenders (including any Assuming Lenders) in an aggregate amount at least equal to such prepayment, so that, after giving effect thereto, the Revolving Credit Syndicated Loans are held ratably by the Banks Lenders in accordance with the their respective Commitments of such Banks (after giving effect to such Commitment Increase) and (C) pay to the Banks Lenders the amounts, if any, payable under Section 2.13.2.15. To the extent that on the date of such Commitment Increase any participations in Swingline Loans are outstanding under Section 2.04(c) or any Letters of Credit are outstanding under Section 2.05, the participations of the Lenders in such Swingline Loans and/or Letters of Credit shall be deemed re-allocated among the Lenders in accordance with their respective Commitments (after giving effect to such Commitment Increase). Credit Agreement

Adjustments of Borrowings upon Effectiveness of Increase. In the event that the Administrative Agent shall have received notice from PFI the Company as to any agreement with respect to a Commitment Increase on or prior to the relevant Commitment Increase Date and the actions provided for in Section 2.09(d)(iiclauses (ii)(x) through (ii)(z) above shall have occurred by 9:00 a.m., New York City time, on such Commitment Increase Date, the Administrative Agent shall notify the Banks Lenders (including any Assuming BanksLenders) of the occurrence of such Commitment Increase Date promptly on such date by facsimile transmission or electronic messaging system. On the date of such Commitment Increase, if (i) any Revolving Credit Loans shall be outstanding and (ii) either (x) such Commitment Increase shall not be provided by the then existing Banks pro rata in accordance with their respective Commitments or (y) any part of such Commitment Increase shall be provided by an Assuming Bank, the Borrowers shall simultaneously (A) prepay the then outstanding Revolving Credit Syndicated Loans (if any) in fullfull held by the Lenders immediately prior or to giving effect to such Commitment Increase, (B) if the Borrowers any Borrower shall have so requested request in accordance with this Agreementthe terms hereof, borrow new Revolving Credit Syndicated Loans hereunder from all Lenders (including any Assuming Lenders) in an aggregate amount at least equal to such prepayment, so that, after giving effect thereto, the Revolving Credit Syndicated Loans are held ratably by the Banks Lenders in accordance with the their respective Commitments of such Banks (after giving effect to such Commitment Increase) and (C) pay to the Banks Lenders the amounts, if any, payable under Section 2.132.15. To the extent that on the date of such Commitment Increase any participations in Swingline Loans are outstanding under Section 2.04(c) or any Letters of Credit are outstanding under Section 2.05, the participations of the Lenders in such Swingline Loans and/or Letters of Credit shall be deemed re-allocated among the Lenders in accordance with their respective Commitments (after giving effect to such Commitment Increase).

Adjustments of Borrowings upon Effectiveness of Increase. In the event that the Administrative Agent shall have received notice from PFI the Company as to any agreement with respect to a Commitment Increase on or prior to the relevant Commitment Increase Date and the actions provided for in Section 2.09(d)(iiclauses (ii)(x) through (ii)(z) above shall have occurred by 9:00 a.m., New York City time, on such Commitment Increase Date, the Administrative Agent shall notify the Banks Lenders (including any Assuming BanksLenders) of the occurrence of such Commitment Increase Date promptly on such date by facsimile transmission or electronic messaging system. On the date of such Commitment Increase, if (i) any Revolving Credit Loans shall be outstanding and (ii) either (x) such Commitment Increase shall not be provided by the then existing Banks pro rata in accordance with their respective Commitments or (y) any part of such Commitment Increase shall be provided by an Assuming Bank, the Borrowers shall simultaneously (A) prepay the then outstanding Revolving Credit Syndicated Loans (if any) in fullfull held by the Lenders immediately prior to giving effect to such Commitment Increase, (B) if the Borrowers any Borrower shall have so requested request in accordance with this Agreementthe terms hereof, borrow new Revolving Credit Syndicated Loans hereunder from all Lenders (including any Assuming Lenders) in an aggregate amount at least equal to such prepayment, so that, after giving effect thereto, the Revolving Credit Syndicated Loans are held ratably by the Banks Lenders in accordance with the their respective Commitments of such Banks (after giving effect to such Commitment Increase) and (C) pay to the Banks Lenders the amounts, if any, payable under Section 2.132.15. To the extent that on the date of such Commitment Increase any participations in Swingline Loans are outstanding under Section 2.04(c) or any Letters of Credit are outstanding under Section 2.05, the participations of the Lenders in such Swingline Loans and/or Letters of Credit shall be deemed re-allocated among the Lenders in accordance with their respective Commitments (after giving effect to such Commitment Increase).

Adjustments of Borrowings upon Effectiveness of Increase. In the event that the Administrative Agent shall have received notice from PFI the Borrower as to any agreement with respect to a Commitment Increase on or prior to the relevant Commitment Increase Date and the actions provided for in Section 2.09(d)(iiclauses (ii)(x) through (ii)(z) above shall have occurred by 9:00 a.m., New York City time, on such Commitment Increase Date, the Administrative Agent shall notify the Banks Lenders (including any Assuming BanksLenders) of the occurrence of such Commitment Increase Date promptly on such date by facsimile transmission or electronic messaging system. On the date of such Commitment Increase, if (i) any Revolving Credit Loans shall be outstanding and (ii) either (x) such Commitment Increase shall not be provided by the then existing Banks pro rata in accordance with their respective Commitments or (y) any part of such Commitment Increase shall be provided by an Assuming Bank, the Borrowers Borrower shall (A) prepay the outstanding Revolving Credit Syndicated Loans (if any) in full, (B) if the Borrowers shall have so requested in accordance with this Agreement, simultaneously borrow new Revolving Credit Syndicated Loans hereunder in an amount equal to such prepayment, so that, after giving effect thereto, the Revolving Credit Syndicated Loans are held ratably by the Banks Lenders in accordance with the respective Commitments of such Banks Lenders (after giving effect to such Commitment Increase) and (C) pay to the Banks Lenders the amounts, if any, payable under Section 2.132.14.