Effect of Commitment Increase Sample Clauses

Effect of Commitment Increase. After giving effect to any Commitment Increase, the outstanding Initial Revolver Loans may not be held pro rata in accordance with the new Initial Revolver Commitments. In order to remedy the foregoing, on the effective date of the applicable Commitment Increase, the Initial Revolver Lenders (including, without limitation, any New Lenders) shall make advances among themselves so that after giving effect thereto the Initial Revolver Loans will be held by the Initial Revolver Lenders (including, without limitation, any New Lenders), on a pro rata basis in accordance with the Applicable Percentage hereunder (after giving effect to the applicable Commitment Increase). Each Initial Revolver Lender agrees to wire immediately available funds to Administrative Agent in accordance with this Agreement as may be required by Administrative Agent in connection with the foregoing. Notwithstanding the provisions of Section 13, the advances so made by each Initial Revolver Lender whose Applicable Percentage has increased shall be deemed to be a purchase of a corresponding amount of the Initial Revolver Loans of the Initial Revolver Lender or Initial Revolver Lenders whose Applicable Percentage have decreased and shall not be considered an assignment for purposes of Section 13.

Effect of Commitment Increase. Each Commitment Increase shall become effective on its Commitment Increase Effective Date and upon such effectiveness (i) the Administrative Agent shall record in the register each CI Lender’s information as provided in the applicable Notice of Commitment Increase and pursuant to an Administrative Questionnaire that shall be executed and delivered by such CI Lender to the Administrative Agent on or before such Commitment Increase Effective Date, (ii) Schedule 2.01 hereof shall be amended and restated to set forth all Lenders (including any CI Lenders) that will be Lenders hereunder after giving effect to such Commitment Increase (which amended and restated Schedule 2.01 shall be set forth in Annex I to the applicable Notice of Commitment Increase) and the Administrative Agent shall distribute to each Lender (including each CI Lender) a copy of such amended and restated Schedule 2.01, (iii) each CI Lender that complies with the provisions of this Section 2.02 shall be a “Lender” for all purposes under this Agreement, (iv) all calculations and payments of interest on the Loans shall take into account the actual Commitments of each Lender and the principal amount outstanding of each Loan made by such Lender during the relevant period of time, and (v) each Lender’s share of the LC Exposure on such date shall automatically be deemed to equal such Lender’s Applicable Percentage of the LC Exposure (such Applicable Percentage for such Lender to be determined as of such Commitment Increase Effective Date in accordance with its Commitment on such date as a percentage of the Aggregate Commitment on such date) without further action by any party.

Effect of Commitment Increase. (i) After giving effect to any Commitment Increase, the outstanding U.S. Revolving Loans may not be held pro rata in accordance with the new U.S. Revolving Credit Commitments. In order to remedy the foregoing, on the effective date of the applicable Commitment Increase, the U.S. Lenders (including, without limitation, any New Lenders) shall make advances among themselves so that after giving effect thereto the U.S. Revolving Loans will be held by the U.S. Lenders (including, without limitation, any New Lenders) on a pro rata basis in accordance with such U.S. Lenders’ Pro Rata Share (after giving effect to the applicable Commitment Increase) and, in such event, the U.S. Borrowers shall pay to the applicable U.S. Lenders any amounts payable in respect thereof in accordance with Section 5.4 (with any reduction in U.S. Revolving Loans of any U.S. Lender pursuant to this Section 2.8(c) being deemed a prepayment for purposes of Section 5.4). Each U.S. Lender agrees to wire immediately available funds to the Agent in accordance with this Agreement as may be required by the Agent in connection with the foregoing. Notwithstanding the provisions of Section 12.2, the advances so made by each U.S. Lender whose Pro Rata Share has increased shall be deemed to be a purchase of a corresponding amount of the U.S. Revolving Loans of the U.S. Lender or U.S. Lenders whose Pro Rata Share have decreased and shall not be considered an assignment for purposes of Section 12.1. (ii) After giving effect to any Commitment Increase, the outstanding Canadian Revolving Credit Commitments may not be held pro rata in accordance with the new U.S. Revolving Credit Commitments of the U.S. Lenders to which the Canadian Lenders are related. In order to remedy the foregoing, on the effective date of the applicable Commitment Increase, subject to Section 2.8(a)(i)(f), the Canadian Revolving Credit Commitments shall be reallocated among the Canadian Lenders based on the respective new U.S. Revolving Credit Commitments of the U.S. Lenders to which the Canadian Lenders are related. The Canadian Lenders related to the U.S. Lenders (including, without limitation, the Canadian Lenders that are related to any New Lenders) shall make advances among themselves so that after giving effect thereto the Canadian Revolving Loans will be held by the Canadian Lenders (including, without limitation, the Canadian Lenders that are related any New Lenders) on a pro rata basis in accordance with Pro Rata Share of t...