Terms of Incremental Commitments and Loans Clause Samples

Terms of Incremental Commitments and Loans. The terms and provisions of the Incremental Commitments and Loans made pursuant thereto shall be as follows: (i) the terms and provisions of any Increase Revolving Commitments shall be substantially identical to the terms of the existing Revolving Commitments of the relevant Class; provided, however, that upfront fees may be paid to Lenders providing such Increase Revolving Commitments as agreed by such Lenders and the Borrower. Interest Periods applicable to Revolving Loans advanced pursuant to Incremental Revolving Commitments may, at the election of the Administrative Agent and the Borrower, be made with Interest Period(s) identical to the Interest Period(s) applicable to existing Revolving Loans of the applicable Class (and allocated to such Interest Period(s) on a proportional basis); (ii) the maturity date of any New Revolving Commitments shall not be earlier than the Maturity Date of the Closing Date Revolving Facility and such New Revolving Commitments shall not have any scheduled commitment reductions or amortization prior to the Maturity Date of the Closing Date Revolving Facility; (iii) the terms and provisions of Increase Term Loans shall be substantially identical to the existing Term Loans of the relevant Class, with appropriate adjustments to the amortization schedule set forth in Section 2.06(a) and/or Section 2.06(b), as applicable, to address such Increase Term Loans (which shall in any event include such adjustments as necessary to provide for the “fungibility” of such Increase Term Loans with the existing Term Loans of such Class); provided, however, that upfront fees or original issue discount may be paid to Lenders providing such Increase Term Loans as agreed by such Lenders and the