Common use of Size Clause in Contracts

Size. The aggregate principal amount of Incremental Facilities on any date Indebtedness thereunder is first incurred, together with the aggregate principal amount of Permitted Incremental Equivalent Debt incurred at or prior to such time, will not exceed an amount equal to the Permitted Incremental Amount. Calculation of the Ratio Amount, if used, shall be evidenced by a certificate from a Responsible Officer of the Borrower demonstrating such calculation in reasonable detail. Unless the Borrower elects otherwise, each Incremental Facility shall be deemed incurred first under the Ratio Amount to the extent permitted, with the balance incurred under the Fixed Incremental Amount. Each Incremental Facility will be in an integral multiple Dollar Amount of $1.0 million and in an aggregate principal Dollar Amount that is not less than $10.0 million (or such lesser minimum amount approved by the Administrative Agent in its reasonable discretion); provided that such amount may be less than such minimum amount or integral multiple amount if such amount represents all the remaining availability under the limit set forth above.

Size. The aggregate principal amount of Incremental Facilities on any date Indebtedness thereunder is first incurred, together with the aggregate principal amount of Permitted Incremental Equivalent Debt incurred at or prior to such time, will not exceed an amount equal to the Permitted greater of (a) the Fixed Incremental Amount and (b) the Ratio Amount (the greater of (a) and (b), the “Incremental Amount”). Calculation of the Ratio Amount, if used, shall be made on a pro forma basis and evidenced by a certificate from a Responsible Officer of the applicable Borrower demonstrating such calculation in reasonable detail. Unless the Borrower elects otherwise, each Each Incremental Amendment executed in connection with an Incremental Facility shall be deemed identify whether all or any portion of such Incremental Facility is being incurred first under the Ratio Amount pursuant to the extent permitted, with the balance incurred under the Fixed Incremental Amountclause (a) or (b) above. Each Incremental Facility will be in an integral multiple Dollar Amount of $1.0 million 1,000,000 and in an aggregate principal Dollar Amount amount that is not less than $10.0 million 25,000,000 (or such lesser minimum amount approved by the Administrative Agent in its reasonable discretion); provided provided, that such amount may be less than such minimum amount or integral multiple amount if such amount represents all the remaining availability under the limit set forth above.