Common use of Effect of Increase Clause in Contracts

Effect of Increase. Upon the increase in the Total Revolving Commitments or the extension of Incremental Term Loans, as applicable, under this Section 2.27, all references in this Agreement and in any other Loan Document (i) to the Revolving Commitment, Term Loan Commitment or Term Loans, as applicable, of any Lender shall be deemed to include any increase in such Lender’s Revolving Commitment, Term Loan Commitment or Term Loans, as applicable, pursuant to this Section 2.27, and (ii) to the Total Revolving Commitments shall be deemed to include the increase in the Total Revolving Commitments made pursuant to this Section 2.27; and (iii) to the aggregate amount of the Term Loan Commitments or Term Loans shall be deemed to include the increase in the aggregate amount of the Term Loan Commitment made or Incremental Term Loans extended pursuant to this Section 2.27. The Revolving Loans, Revolving Commitments, and Total Revolving Commitments, Term Loans, and aggregate amount of the Total Term Loan Commitments that are subject to an increase under this Section 2.27 shall be entitled to all of the benefits afforded by this Agreement and the other Loan Documents and shall benefit equally and ratably from any guarantees and Liens provided under the Loan Documents in favor of the Secured Parties.

Appears in 4 contracts

Samples: Credit Agreement (Appian Corp), Credit Agreement (Appian Corp), Credit Agreement (Appian Corp)

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Effect of Increase. Upon the increase in the Total Revolving Commitments or the extension of Incremental Term Loans, as applicable, under this Section 2.27, all references in this Agreement and in any other Loan Document (i) to the Revolving Commitment, Term Loan Commitment or Term Loans, as applicable, of any Lender shall be deemed to include any increase in such Lender’s Revolving Commitment, Term Loan Commitment or Term Loans, as applicable, pursuant to this Section 2.27, and (ii) to the Total Revolving Commitments shall be deemed to include the increase in the ny-2508035 Total Revolving Commitments made pursuant to this Section 2.27; and (iii) to the aggregate amount of the Term Loan Commitments or Term Loans shall be deemed to include the increase in the aggregate amount of the Term Loan Commitment made or Incremental Term Loans extended pursuant to this Section 2.27. The Revolving Loans, Revolving Commitments, and Total Revolving Commitments, Term Loans, and aggregate amount of the Total Term Loan Commitments that are subject to an increase under this Section 2.27 shall be entitled to all of the benefits afforded by this Agreement and the other Loan Documents and shall benefit equally and ratably from any guarantees and Liens provided under the Loan Documents in favor of the Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Appian Corp)

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