Common use of Participation Increase Clause in Contracts

Participation Increase. (i) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may request from time to time that the aggregate Participations hereunder be increased by an aggregate amount not to exceed $250,000,000 in total for the Facilities. The Borrower may (I) request one or more of the Lenders to increase the amount of its Participation (which request shall be in writing and sent to the Administrative Agent to forward to such Lender or Lenders) and/or (II) arrange for one or more banks or financial institutions not a party hereto (an “Other Lender”) to become parties to and Lenders under this Agreement, provided that the identification and arrangement of each Other Lender to become a party hereto and a Lender under this Agreement shall be made in consultation with the Administrative Agent. In no event may any Lender’s Participation be increased without the prior written consent of such Lender, and the failure of any Lender to respond to the Borrower’s request for an increase shall be deemed a rejection by such Lender of the Borrower’s request. The aggregate Participations of all Lenders hereunder may not be increased if, at the time of any proposed increase hereunder, a Default or Event of Default has occurred and is continuing. Notwithstanding anything contained in this Agreement to the contrary, no Lender shall have any obligation whatsoever to increase the amount of its Participation, and each Lender may at its option, unconditionally and without cause, decline to increase its Participation.

Participation Increase. (i) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may request from time to time that the aggregate Participations hereunder be increased by an aggregate amount not to exceed $250,000,000 in total for the Facilities. The Borrower may (I) request one or more of the Lenders to increase the amount of its Participation (which request shall be in writing and sent to the Administrative Agent to forward to such Lender or Lenders) and/or (II) arrange for one or more banks or financial institutions not a party hereto (an “Other Lender”) to become parties to and Lenders under this Agreement, provided that the identification and arrangement of each Other Lender to become a party hereto and a Lender under this Agreement shall be made in consultation with the Administrative Agent. In no event may any Lender’s Participation be increased without the prior written consent of such LenderLxxxxx, and the failure of any Lender to respond to the Borrower’s request for an increase shall be deemed a rejection by such Lender Lxxxxx of the Borrower’s request. The aggregate Participations of all Lenders hereunder may not be increased if, at the time of any proposed increase hereunder, a Default or Event of Default has occurred and is continuing. Notwithstanding anything contained in this Agreement to the contrary, no Lender shall have any obligation whatsoever to increase the amount of its Participation, and each Lender may at its option, unconditionally and without cause, decline to increase its Participation.

Participation Increase. (i) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may request from time to time that the aggregate Participations hereunder be increased by an aggregate amount not to exceed $250,000,000 in total for the Facilities. The Borrower may (I) request one or more of the Lenders to increase the amount of its Participation (which request shall be in writing and sent to the Administrative Agent to forward to such Lender or Lenders) and/or (II) arrange for one or more banks or financial institutions not a party hereto (an “Other Lender”) to become parties to and Lenders under this Agreement, provided that the identification and arrangement of each Other Lender to become a party hereto and a Lender under this Agreement shall be made in consultation with the Administrative Agent. In no event may any Lender’s Participation be increased without the prior written consent of such LenderXxxxxx, and the failure of any Lender to respond to the Borrower’s request for an increase shall be deemed a rejection by such Lender Xxxxxx of the Borrower’s request. The aggregate Participations of all Lenders hereunder may not be increased if, at the time of any proposed increase hereunder, a Default or Event of Default has occurred and is continuing. Notwithstanding anything contained in this Agreement to the contrary, no Lender shall have any obligation whatsoever to increase the amount of its Participation, and each Lender may at its option, unconditionally and without cause, decline to increase its Participation.