Common use of Temporary Increase Request Clause in Contracts

Temporary Increase Request. Provided there exists no Event of Default or Material Potential Default, and subject to compliance with the terms of this Section 2.16, upon notice to the Administrative Agent, such consent to be given in its sole and absolute discretion, the Borrowers may increase the Maximum Commitment and the Commitment of the Initial Lender to an aggregate amount not exceeding $500,000,000 by requesting a temporary increase in the Maximum Commitment (such temporary increase, a “Temporary Increase”) by delivering to the Administrative Agent a Temporary Increase Request. In the Temporary Increase Request, the Borrowers shall (x) specify (i) the proposed increase in the Maximum Commitment which increase increment shall be in an amount of no less than $10,000,000; (ii) the proposed Temporary Increase Effective Date of the Temporary Increase, which shall be at least five (5) Business Days (or such shorter period agreed to by the Initial Lender in its sole discretion) after delivery of the Temporary Increase Request and which shall be a Business Day; and (iii) the Temporary Increase Maturity Date, which shall be no more than ninety (90) days from the effective date of such Temporary Increase (unless a longer time period is otherwise agreed to by the Initial Lender in its sole discretion), and (y) certify and attach the resolutions adopted by each Borrower approving or consenting to such increase.

Temporary Increase Request. Provided there exists no Event of Default or Material Potential Default, and subject to compliance with the terms of this Section 2.16, upon notice to the Administrative Agent, such consent to be given in its sole and absolute discretion, the Borrowers may increase the Maximum Commitment and the Commitment of the Initial Lender to an aggregate amount not exceeding $500,000,000 by requesting a temporary increase in the Maximum Commitment (such temporary increase, a “Temporary Increase”) by delivering to the Administrative Agent a Temporary Increase Request. In the Temporary Increase Request, the Borrowers shall (x) specify (i) the proposed increase in the Maximum Commitment which increase increment shall be in an amount of no less than $10,000,000; (ii) the proposed Temporary Increase Effective Date of the Temporary Increase, which shall be at least five (5) Business Days (or such shorter period agreed to by the Initial Lender in its sole discretion) after delivery of the Temporary Increase Request and which shall be a Business Day; and (iii) the Temporary USActive 58236919.3 Increase Maturity Date, which shall be no more than ninety (90) days from the effective date of such Temporary Increase (unless a longer time period is otherwise agreed to by the Initial Lender in its sole discretion), and (y) certify and attach the resolutions adopted by each Borrower approving or consenting to such increase.

Temporary Increase Request. Provided there exists no Event of Default or Material Potential Default, and subject to compliance with the terms of this Section 2.16, upon notice to the Administrative Agent, such consent to be given in its sole and absolute discretion, the Borrowers may increase the Maximum Commitment and the Commitment of the Initial Lender to an aggregate amount not exceeding $500,000,000 by requesting a temporary increase in the Maximum Commitment (such temporary increase, a “Temporary Increase”) by delivering to the Administrative Agent a Temporary Increase Request. In the Temporary Increase Request, the Borrowers shall (x) specify (i) the proposed increase in the Maximum Commitment which increase increment shall be in an amount of no less than $10,000,000; (ii) the proposed Temporary Increase Effective Date of the Temporary Increase, which shall be at least five (5) Business Days (or such shorter period agreed to by the Initial Lender in its sole discretion) after delivery of the Temporary Increase Request and which shall be a Business Day; and (iii) the Temporary Increase Maturity Date, which shall be no more than ninety (90) days from the effective date of such Temporary Increase Increase; (unless a longer time period is otherwise agreed to by the Initial Lender in its sole discretion), and (y) certify and attach the resolutions adopted by each Borrower approving or consenting to such increase.