Common use of Procedure for Increases Clause in Contracts

Procedure for Increases. Subject to the terms of this Section 2.19, at any time and from time to time after the Effective Date, provided that no Default or Event of Default exists, the Borrower may in a notice to the Administrative Agent and the Lead Arranger request that the Total Commitment Amount be increased by either (A) one or more of the existing Lenders increasing its existing Commitment (it being understood that no Lender shall have the obligation to increase its Commitment to achieve such increased Total Commitment Amount), or (B) the establishment of a new Commitment by a new Lender who is acceptable to the Borrower, the Administrative Agent and the Lead Arranger (each such increase in the Total Commitment Amount, by either means, being a “Commitment Increase”, and each new Lender, or existing Lender increasing its existing Commitment, being an “Increased Commitment Lender”). Each existing Lender shall have the option (exercisable prior to a new Commitment with a new Lender pursuant to clause (B) being established) to participate in each Commitment Increase pro-rata in accordance with its interest in the Total Commitment Amount (determined without giving effect to such Increase). No Commitment Increase shall become effective until such Business Day (the “Increase Effective Date”) as all of the following conditions precedent shall have been fulfilled:

Procedure for Increases. Subject to the terms of this Section 2.19, at any time and from time to time after the Effective Date, provided that no Default or Event of Default exists, the Borrower may in a notice to the Administrative Agent and the Lead Arranger request that the Total Commitment Amount be increased by either (A) one or more of the existing Lenders increasing its existing Commitment (it being understood that no Lender shall have the obligation to increase its Commitment to achieve such increased Total Commitment Amount), or (B) the establishment of a new Commitment by a new Lender who is acceptable to the Borrower, the Administrative Agent and the Lead Arranger (each such increase in the Total Commitment Amount, by either means, being a “"Commitment Increase”", and each new Lender, or existing Lender increasing its existing Commitment, being an “"Increased Commitment Lender”"). Each existing Lender shall have the option (exercisable prior to a new Commitment with a new Lender pursuant to clause (B) being established) to participate in each Commitment Increase pro-rata in accordance with its interest in the Total Commitment Amount (determined without giving effect to such Increase). No Commitment Increase shall become effective until such Business Day (the “"Increase Effective Date”") as all of the following conditions precedent shall have been fulfilled:

Procedure for Increases. Subject to the terms of this Section 2.192.18, at any time and from time to time after the Effective Date, provided that no Default or Event of Default exists, the Borrower may in a notice to the Administrative Agent and the Lead Arranger request that the Total Commitment Amount be increased by either (A) one or more of the existing Lenders increasing its existing Commitment (it being understood that no Lender shall have the obligation to increase its Commitment to achieve such increased Total Commitment Amount), or (B) the establishment of a new Commitment by a new Lender who is acceptable to the Borrower, the Administrative Agent and the Lead Arranger (each such increase in the Total Commitment Amount, by either means, being a “Commitment Increase”, and each new Lender, or existing Lender increasing its existing Commitment, being an “Increased Commitment Lender”). Each existing Lender shall have the option (exercisable prior to a new Commitment with a new Lender pursuant to clause (B) being established) to participate in each Commitment Increase pro-rata in accordance with its interest in the Total Commitment Amount (determined without giving effect to such Increase). No Commitment Increase shall become effective until such Business Day (the “Increase Effective Date”) as all of the following conditions precedent shall have been fulfilled: