Common use of Requests for Incremental Term Loans Clause in Contracts

Requests for Incremental Term Loans. Upon notice to the Administrative Agent (which shall promptly notify the Appropriate Lenders), at any time after the [Initial Closing Date]difr [Funding Date]difa but no later than one year prior to the Maturity Date of the applicable Term Facility, the Borrower may request one or more additional tranches of term loans (each an “Incremental Term Commitment” and all of them, collectively, the “Incremental Term Commitments”); provided that (x) after giving effect to any such addition, the aggregate amount of Incremental Term Commitments that have been added after the [First Incremental Commitments Amendment Effective Date]difr [Funding Date]difa pursuant to this Section 2.12 shall not exceed $750,000,000 and (y) any such addition shall be in an aggregate amount of not less than $20,000,000 or any whole multiple of $5,000,000 in excess thereof. Any loans made in respect of any such Incremental Term Commitments (the “Incremental Term Loans”) may be made, at the option of the Borrower, by either (i) increasing the Term Commitments under one or both of the Term Facilities with the same terms (including pricing) as the existing Term Loans under the applicable Term Facility, or (ii) creating a new tranche of term loans (an “Incremental Term Loan Tranche”); provided that if such Incremental Term Loans are made by creating a new tranche of Term Loans, such Incremental Term Loans shall have prepayment events not more stringent than those applicable to the outstanding Term Loans.

Requests for Incremental Term Loans. Upon notice to the Administrative Agent (which which, if so directed by the Borrower in its discretion, shall promptly notify the Appropriate Lenders), at any time after the [Initial Closing Date]difr [Funding Date]difa but no later than one year prior to the Maturity Date of the applicable Term Facility, the Borrower may request one or more additional tranches Classes of term loans or an increase to any existing Class of term loans (each an “Incremental Term Commitment” and all of them, collectively, the “Incremental Term Commitments”); provided that that: (xi) after giving effect to any such addition, the aggregate amount incurrence of Incremental Term Commitments that have been added after Loans under an Incremental Term Commitment, and the [First Incremental Commitments Amendment Effective Date]difr [Funding Date]difa pursuant to this Section 2.12 shall application of the proceeds thereof (including any Acquisition or other Investment consummated in connection therewith), on a Pro-Forma Basis the Consolidated Leverage Ratio does not exceed $750,000,000 and the ratio equal to maximum Consolidated Leverage Ratio then permitted by Section 7.10(a) (yincluding after giving effect to the proviso thereto) less 0.25; and (ii) any such addition shall be in an aggregate amount of not less than $20,000,000 or any whole multiple of $5,000,000 in excess thereof. Any loans made in respect of any such Incremental Term Commitments (the “Incremental Term Loans”) may be made, at the option of the Borrower, by either (i) increasing the Term Commitments under one or both of the Term Facilities with the same terms (including pricing) as the existing Term Loans under the applicable Term Facility, or (ii) creating a new tranche of term loans (an “Incremental Term Loan Tranche”); provided that if such Incremental Term Loans are made by creating a new tranche of not Term Loans, such Incremental Term Loans shall have prepayment events not more stringent than those applicable to the outstanding Term Loans.