Common use of Effect of Commitment Increase Clause in Contracts

Effect of Commitment Increase. After giving effect to any Commitment Increase, the outstanding Revolving Credit Loans may not be held pro rata in accordance with the new Revolving Credit Commitment. In order to remedy the foregoing, on the effective date of each Commitment Increase, the Lenders (including any New Lenders) shall reallocate the Revolving Credit Loans owed to them among themselves so that, after giving effect thereto, the Revolving Credit Loans will be held by the Lenders (including any New Lenders) on a pro rata basis in accordance with their respective Revolving Credit Commitment Percentages hereunder (after giving effect to such Commitment Increase). Each Lender agrees to wire immediately available funds to the Administrative Agent in accordance with this Agreement as may be required by Administrative Agent in connection with the foregoing. Notwithstanding the provisions of Section 15.9, the reallocations so made by each Lender whose Revolving Credit Commitment Percentage has increased shall be deemed to be a purchase of a corresponding amount of the Revolving Credit Loans of the Lender or Lenders whose Revolving Credit Commitment Percentage have decreased and shall not be considered an assignment for purposes of Section 15.9.

Effect of Commitment Increase. After giving effect to any Commitment Increase, the outstanding Revolving Credit Loans may not be held pro rata in accordance with the new Revolving Credit Loan Commitment. In order to remedy the foregoing, on the effective date of each Commitment Increase, the Revolving Facility Lenders (including any New Lenders) shall reallocate the Revolving Credit Loans owed to them among themselves so that, after giving effect thereto, the Revolving Credit Loans will be held by the Revolving Facility Lenders (including any New Lenders) on a pro rata basis in accordance with their respective Revolving Credit Commitment Percentages hereunder Ratios (after giving effect to such Commitment Increase). Each Revolving Facility Lender agrees to wire immediately available funds to the Revolving Facility Administrative Agent in accordance with this Agreement as may be required by the Revolving Facility Administrative Agent in connection with the foregoing. Notwithstanding the provisions of Section 15.911.5, the reallocations so made by each Revolving Facility Lender whose Revolving Credit Commitment Percentage Ratio has increased shall be deemed to be a purchase of a corresponding amount of the Revolving Credit Loans of the Revolving Facility Lender or Lenders whose Revolving Credit Commitment Percentage Ratio have decreased and shall not be considered an assignment for purposes of Section 15.911.5.