Common use of Notice of Increased Costs Clause in Contracts

Notice of Increased Costs. Each Lender agrees that, as promptly as reasonably practicable after it becomes aware of the occurrence of an event or the existence of a condition which would cause it to be affected by any of the events or conditions described in Section 2.4(i) or (j), it will notify Borrower, and provide a copy of such notice to Administrative Agent, of such event and the possible effects thereof, provided that the failure to provide such notice shall not affect such Lender’s rights to reimbursement provided for herein. Provided no Event of Default or Unmatured Event of Default has occurred and is continuing, Borrower shall have the right (the “Payoff Right”) to pay to such Lender all principal, accrued and unpaid interest and any other amounts (collectively, the “Payoff Amount”) due such Lender under this Agreement and the other Loan Documents (including amounts due such Lender under Section 2.4(i)). Borrower may exercise the Payoff Right only by delivering written notice of Borrower’s exercise of such Payoff Right to such Lender, the Administrative Agent and the other Lenders within fifteen (15) days after Borrower’s receipt of written notice from such Lender that Borrower owes amounts under Section 2.4(i) and thereafter paying, in immediately available funds, the Payoff Amount to such Lender within such 15-day period. Upon such Lender’s receipt of the Payoff Amount, such Lender’s Pro Rata Share of the Commitment shall be terminated, the Commitment shall be reduced by an amount equal to such Lender’s Pro Rata Share of the Commitment and the Pro Rata Shares of the Commitment of the remaining Lenders shall be adjusted and the Administrative Agent shall give written notice to each of the Lenders of the adjusted Pro Rata Shares.

Notice of Increased Costs. Each Lender agrees that, as promptly as reasonably practicable after it becomes aware of the occurrence of an event or the existence of a condition which would cause it to be affected by any of the events or conditions described in Section 2.4(i) or (j), it will notify Borrower, and provide a copy of such notice to Administrative Agent, of such event and the possible effects thereof, provided that the failure to provide such notice shall not affect such Lender’s 's rights to reimbursement provided for herein. Provided no Event of Default or Unmatured Event of Default has occurred and is continuing, Borrower shall have the right (the “"Payoff Right”") to pay to such Lender all principal, accrued and unpaid interest and any other amounts (collectively, the “"Payoff Amount”") due such Lender under this Agreement and the other Loan Documents (including amounts due such Lender under Section 2.4(i)). Borrower may exercise the Payoff Right only by delivering written notice of Borrower’s 's exercise of such Payoff Right to such Lender, the Administrative Agent and the other Lenders within fifteen (15) days after Borrower’s 's receipt of written notice from such Lender that Borrower owes amounts under Section 2.4(i) and thereafter paying, in immediately available funds, the Payoff Amount to such Lender within such 15-day period. Upon such Lender’s 's receipt of the Payoff Amount, such Lender’s 's Pro Rata Share of the Commitment shall be terminated, the Commitment shall be reduced by an amount equal to such Lender’s 's Pro Rata Share of the Commitment and the Pro Rata Shares of the Commitment of the remaining Lenders shall be adjusted and the Administrative Agent shall give written notice to each of the Lenders of the adjusted Pro Rata Shares.

Notice of Increased Costs. Each Lender agrees that, as promptly as reasonably practicable after it becomes aware of the occurrence of an event or the existence of a condition which would cause it to be affected by any of the events or conditions described in Section 2.4(i2.4(g) or (jh), it will notify Borrower, and provide a copy of such notice to Administrative Agent, of such event and the possible effects thereof, provided that the failure to provide such notice shall not affect such Lender’s 's rights to reimbursement provided for herein. Provided no Event of Default or Unmatured Event of Default has occurred and is continuing, Borrower shall have the right (the “"Payoff Right”") to pay to such Lender all principal, accrued and unpaid interest and any other amounts (collectively, the “"Payoff Amount”") due such Lender under this Agreement and the other Loan Documents (including amounts due such Lender under Section 2.4(i2.4(g)). Borrower may exercise the Payoff Right only by delivering written notice of Borrower’s Borrower"s exercise of such Payoff Right to such Lender, the Administrative Agent and the other Lenders within fifteen (15) days after Borrower’s 's receipt of written notice from such Lender that Borrower owes amounts under Section 2.4(i2.4(g) and thereafter paying, in immediately available funds, the Payoff Amount to such Lender within such 15-day period. Upon such Lender’s 's receipt of the Payoff Amount, such Lender’s Pro Rata Share of the Commitment Loan shall be terminated, the Commitment Loan shall be reduced by an amount equal to such Lender’s 's Pro Rata Share of the Commitment Loan and the Pro Rata Shares of the Commitment Loan of the remaining Lenders shall be adjusted and the Administrative Agent shall give written notice to each of the Lenders of the adjusted Pro Rata Shares.

Notice of Increased Costs. Each Lender agrees that, as promptly as reasonably practicable after it becomes aware of the occurrence of an event or the existence of a condition which would cause it to be affected by any of the events or conditions described in Section 2.4(i2.4(g) or (jh), it will notify Borrower, and provide a copy of such notice to Administrative Agent, of such event and the possible effects thereof, provided that the failure to provide such notice shall not affect such Lender’s 's rights to reimbursement provided for herein. Provided no Event of Default or Unmatured Event of Default has occurred and is continuing, Borrower shall have the right (the “"Payoff Right”") to pay to such Lender all principal, accrued and unpaid interest and any other amounts (collectively, the “"Payoff Amount”") due such Lender under this Agreement and the other Loan Documents (including amounts due such Lender under Section 2.4(i2.4(g)). Borrower may exercise the Payoff Right only by delivering written notice of Borrower’s 's exercise of such Payoff Right to such Lender, the Administrative Agent and the other Lenders within fifteen (15) days after Borrower’s 's receipt of written notice from such Lender that Borrower owes amounts under Section 2.4(i2.4(g) and thereafter paying, in immediately available funds, the Payoff Amount to such Lender within such 15-day period. Upon such Lender’s 's receipt of the Payoff Amount, such Lender’s 's Pro Rata Share of the Commitment Loan shall be terminated, the Commitment Loan shall be reduced by an amount equal to such Lender’s 's Pro Rata Share of the Commitment Loan and the Pro Rata Shares of the Commitment Loan of the remaining Lenders shall be adjusted and the Administrative Agent shall give written notice to each of the Lenders of the adjusted Pro Rata Shares.

Notice of Increased Costs. Each Lender agrees that, as promptly as reasonably practicable after it becomes aware of the occurrence of an event or the existence of a condition which would cause it to be affected by any of the events or conditions described in Section 2.4(i) or (j), it will notify Borrower, and provide a copy of such notice to Administrative Agent, of such event and the possible effects thereof, provided that the failure to provide such notice shall not affect such Lender’s 's rights to reimbursement provided for herein. Provided no Event of Default or Unmatured Event of Default has occurred and is continuing, Borrower shall have the right (the “"Payoff Right”") to pay to such Lender all principal, accrued and unpaid interest and any other amounts (collectively, the “"Payoff Amount”") due such Lender under this Agreement and the other Loan Documents (including amounts due such Lender under Section 2.4(i)). Borrower may exercise the Payoff Right only by delivering written notice of Borrower’s 's exercise of such Payoff Right to such Lender, the Administrative Agent and the other Lenders within fifteen (15) 15 days after Borrower’s 's receipt of written notice from such Lender that Borrower owes amounts under Section 2.4(i) and thereafter paying, in immediately available funds, the Payoff Amount to such Lender within such 15-day period. Upon such Lender’s 's receipt of the Payoff Amount, such Lender’s 's Pro Rata Share of the Commitment shall be terminated, the Commitment shall be reduced by an amount equal to such Lender’s 's Pro Rata Share of the Commitment and the Pro Rata Shares of the Commitment of the remaining Lenders shall be adjusted and the Administrative Agent shall give written notice to each of the Lenders of the adjusted Pro Rata Shares.

Notice of Increased Costs. Each Lender agrees that, as promptly as reasonably practicable after it becomes aware of the occurrence of an event or the existence of a condition which would cause it to be affected by any of the events or conditions described in Section 2.4(iSECTION 2.4(g) or (jh), it will notify Borrower, and provide a copy of such notice to Administrative Agent, of such event and the possible effects thereof, provided PROVIDED that the failure to provide such notice shall not affect such Lender’s 's rights to reimbursement provided for herein. Provided no Event of Default or Unmatured Event of Default has occurred and is continuing, Borrower shall have the right (the “"Payoff Right”") to pay to such Lender all principal, accrued and unpaid interest and any other amounts (collectively, the “"Payoff Amount”") due such Lender under this Agreement and the other Loan Documents (including amounts due such Lender under Section 2.4(iSECTION 2.4(g)). Borrower may exercise the Payoff Right only ONLY by delivering written notice of Borrower’s 's exercise of such Payoff Right to such Lender, the Administrative Agent and the other Lenders within fifteen (15) 15 days after Borrower’s 's receipt of written notice from such Lender that Borrower owes amounts under Section 2.4(iSECTION 2.4(g) and thereafter paying, in immediately available funds, the Payoff Amount to such Lender within such 15-day period. Upon such Lender’s 's receipt of the Payoff Amount, such Lender’s Pro Rata Share of the 's Commitment shall be terminated, the Commitment shall be reduced by an amount equal to such Lender’s Pro Rata Share of the Commitment and the Pro Rata Shares of the Commitment of the remaining Lenders shall be adjusted and the Administrative Agent shall give written notice to each of the Lenders of the adjusted Pro Rata Shares.