Incremental Facility Commitments Clause Samples

Incremental Facility Commitments. (a) From time to time, following the Effective Date and prior to the Applicable Maturity Date, the Borrowers may by written notice to the Applicable Administrative Agent request (i) one or more increases to the existing Revolving Commitments (any such increase, an “Incremental Revolving Facility” and, any additional Revolving Commitments provided pursuant to any Incremental Revolving Facility, a “New Revolving Commitment”) and (ii) to incur incremental commitments consisting of one or more increases to the Term Facility (an “Incremental Term Facility” and, any additional Term Commitment provided pursuant to any Incremental Term Facility, a “New Term Commitment”) and/or incremental term loan facilities under the Loan Documents (each such incurrence, together with each Incremental Term Facility, an “Incremental Term Loan Facility”) in an aggregate amount since the Effective Date not to exceed the Available Incremental Amount. (b) From time to time, following the Effective Date and prior to the LC Facility Termination Date, the Borrowers may by written notice to the Revolving and LC Administrative Agent request to incur incremental commitments consisting of one or more increases to the LC Facility (each, an “Incremental LC Facility”, and any additional LC Facility Commitment provided pursuant to any Incremental LC Facility, a “New LC Facility Commitment”) in an aggregate amount since the Effective Date not to exceed the Available Floating LC Amount. (c) Each notice described in Section 2.24(a) or (b) shall specify (i) the date (each, an “Increased Amount Date”) on which the Borrowers propose that the applicable Incremental Facility shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Applicable Administrative Agent and (ii) the identity of each Lender or other Person that is an Eligible Assignee (each such other Person, a “New Lender”) to whom the Borrowers propose any portion of such Incremental Facility be allocated and the amounts of such allocations; provided that such Administrative Agent may elect or decline to arrange such Incremental Facility in its sole discretion and any Lender approached to provide all or a portion of the Incremental Facility may elect or decline, in its sole discretion, to provide an additional Term Commitment or increase its existing Revolving Commitment, or LC Facility Commitment, as applicable, by providing a New Incremental Commitment. (d) Such New Inc...

Incremental Facility Commitments. The Borrower may elect, subject to approval of Required Lenders and the consent of the Administrative Agent, to increase the Commitments (the "Incremental Facility Commitments") by an aggregate amount not in excess of the Incremental Facility Maximum Amount. The Incremental Facility Commitment may be allocated to any Lender or other Person which meets the requirements of an Eligible Assignee and which elects, in its sole discretion, to provide such Incremental Facility Commitment (each, an "Incremental Facility Lender"); provided that any Lender given the option to participate in any Incremental Facility Commitment may elect or decline, in its sole discretion, to provide such Incremental Facility Commitment.

Incremental Facility Commitments. Immediately after the effectiveness of the Credit Agreement Amendments and subject to the terms and conditions set forth herein, (i) each initial Incremental Tranche A-1 Term Loan Lender as of the date hereof hereby commits to make the Incremental Tranche A-1 Term Loans on the Incremental Tranche A-1 Term Facility Amendment Effective Date in the aggregate principal amount set forth next to such Incremental Tranche A-1 Term Loan Lender’s name on Schedule A hereto (each such commitment, an “Incremental Tranche A-1 Term Commitment” and each such amount, such Incremental Tranche A-1 Term Loan Lender’s “Incremental Tranche A-1 Term Loan Commitment Amount”) and (ii) the Incremental Tranche A-1 Term Loans will be a separate Class of Term Loans and will constitute Term Loans for all purposes of the Credit Agreement except as otherwise set forth herein. The Incremental Tranche A-1 Term Commitments shall automatically terminate on the Incremental Tranche A-1 Term Facility Amendment Effective Date upon the funding of the Incremental Tranche A-1 Term Loans. Pursuant to Section 2.16 of the Credit Agreement, the Incremental Tranche A-1 Term Loans shall have the following terms:

Incremental Facility Commitments. Company may elect to increase the -------------------------------- Commitments by an aggregate amount not in excess of the Incremental Facility Maximum Amount as follows: with respect to the Revolving Credit Commitments, by not less than $25,000,000 (or such lesser amount as Company and Incremental Facility Syndication Agent shall agree) and in integral multiples of $5,000,000 in excess thereof (such increase, the "Incremental Facility Revolving Credit Commitments"); with respect to the Delayed Draw Term Loan Commitments, by not less than $25,000,000 (or such lesser amount as Company and Incremental Facility Syndication Agent shall agree) and in integral multiples of $5,000,000 (such increase, the "Incremental Facility Delayed Draw Term Loan Commitments"); and with respect to the Term Loan Commitments, by not less than $25,000,000 (or such lesser amount as Company and Incremental Facility Syndication Agent shall agree) and in integral multiples of $5,000,000 (such increase, the "Incremental Facility Term Loan Commitments"; and together with the Incremental Facility Revolving Credit Commitments and the Incremental Facility Delayed Draw Commitments, the "Incremental Facility Commitments").