Voluntary Increases in the Facilities Sample Clauses

Voluntary Increases in the Facilities. (i) Availability. Following the Closing Date and subject to the conditions of this Section 2.05, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time request the addition of one or more tranches of term loans (an “Incremental Term Facility”) and/or increases in the Aggregate Revolving Credit Commitments (“Incremental Revolving Commitments”) by an amount not exceeding, in the aggregate, $500,000,000; provided that, unless otherwise agreed by the Administrative Agent that any such request for an increase or the addition of a term loan tranche shall be in a minimum amount of $25,000,000 and in increments of $5,000,000 in excess thereof, or if less, the entire remaining available amount. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders) and the Borrower may also invite prospective lenders to respond.

Voluntary Increases in the Facilities. Following the Closing Date, the Revolving Credit Commitments and the principal amount of the Term Facility may be increased by an aggregate amount of up to $100,000,000.00 (such that the Aggregate Revolving Credit Commitments plus the aggregate principal amount of any increased Term Facility would total an amount that does not exceed $700,000,000.00) if: (i) the Borrower, from time to time, on or before the date occurring thirty-six (36) calendar months following the Closing Date, requests an increase in the Revolving Credit Commitments, the Term Facility, or a combination thereof, in writing to the Administrative Agent (such requested total increase to be in an amount of $100,000,000.00 or less); (ii) the Arranger is able, within ninety (90) days of receiving an increase request pursuant to subclause (i) above, to syndicate the amount of such increase on a best efforts basis (A) to one or more Lenders or one or more financial institutions qualifying as an Eligible Assignee and otherwise acceptable to the Borrower, Administrative Agent and Arranger and (B) in a manner otherwise in accordance with the terms and conditions set forth in any written agreement among the Borrower and the Arranger relating to such increase; (iii) such increase does not increase the amount of the Commitment of any Lender without the written consent of such Lender; (iv) the Borrower executes new Notes reflecting the increase in the Revolving Credit Commitments and/or the Term Facility, as the case may be, the Co-Borrowers execute any new Notes requested by the Lenders (such new Co-Borrower Notes to be held by the Administrative Agent in accordance with the terms of Section 2.11(b)) and any additional documents, instruments or agreements deemed reasonably necessary in connection therewith by the Administrative Agent, and the Borrower and/or the Co-Borrowers execute such other amendments to the Loan Documents as are deemed reasonably necessary by the Administrative Agent; (v) no Event of Default exists as of the date of such request and no Default or Event of Default exists as of the date on which such increase is to occur; and (vi) the Borrower pays (A) to the Arranger, the Accordion Arrangement Fee required by Paragraph 1 of the Fee Letter among the Borrower and Arranger in connection with such increase in the Facilities, (B) to the Arranger for the account of Lenders participating in the increase of the Facilities, upfront fees in the amount set forth in Paragraph 2 of the Fee Let...

Voluntary Increases in the Facilities