Common use of Automatic Increases Clause in Contracts

Automatic Increases. The Revolving Committed Amount shall be automatically increased from time to time in accordance with Section 3.2(a)(iii). The Commitments for any such increase shall be provided pro rata by the Lenders under the applicable Term Loan, the prepayment of which gave rise to such increase pursuant to Section 3.2(a)(iii). Upon any such increase, (i) Schedule 1.1 shall be amended to reflect the revised Revolving Committed Amount and the revised Commitments of the Lenders providing the additional Commitments for such increase and (ii) the Borrower will prepay (provided that any such prepayment shall be subject to Section 4.3) one or more existing Revolving Loans in an amount necessary such that after giving effect to the increase in the Revolving Committed Amount each Lender will hold its Commitment Percentage (as revised due to the increase in the Revolving Committed Amount) of outstanding Revolving Loans.