Increase Option. (a) The Borrower hereby requests that the Total Revolving Loan Commitment be increased in the aggregate amount of $50,000,000 pursuant to Section 2.01(c) of the Credit Agreement and the Borrower proposes that the Increase Effective Date for the increase contemplated in this Agreement be June 28, 2012, but in any event the Borrower understands and agrees that the Increase Effective Date for such increase in the Total Revolving Loan Commitment shall be the Agreement Effective Date (as defined in Section 3 below). In connection with the foregoing request, the certificate of the Borrower certifying that no Default exists or will occur as a result of such increase in the Total Revolving Loan Commitment as contemplated in Section 3(c) below shall be deemed to satisfy the requirement for such certificate under Section 2.01(c) of the Credit Agreement. (b) On the terms and subject to the conditions of this Agreement, in furtherance of the Borrower's request to increase the Total Revolving Loan Commitment in the aggregate amount of $50,000,000 pursuant to Section 2.01(c) of the Credit Agreement, as of the Agreement Effective Date: (i) ▇▇▇▇▇ Fargo Bank, National Association hereby increases its Revolving Loan Commitment by $15,000,000 (thereby increasing ▇▇▇▇▇ Fargo Bank, National Association's Revolving Loan Commitment as of the Agreement Effective Date to a total of $60,000,000), (ii) JPMorgan Chase Bank, N. A. hereby increases its Revolving Loan Commitment by $15,000,000 (thereby increasing JPMorgan Chase Bank, N. A.'s Revolving Loan Commitment as of the Agreement Effective Date to a total of $60,000,000), (iii) Bank of the West hereby increases its Revolving Loan Commitment by $10,000,000 (thereby increasing Bank of the West's Revolving Loan Commitment as of the Agreement Effective Date to a total of $40,000,000), and (iv) Union Bank, N.A. hereby increases its Revolving Loan Commitment by $10,000,000 (thereby increasing Union Bank's Revolving Loan Commitment as of the Agreement Effective Date to a total of $40,000,000). Each of the Lenders identified in this Section 2(b) is an “Increasing Lender” for purposes of the Existing Credit Agreement and this Agreement. The agreements of the Increasing Lenders under this Agreement are several and not joint.
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Increase Option. Notwithstanding Section 2.1(a) and so long as no Default or Event of Default exists, Borrower may, upon written election delivered to Administrative Agent, permanently increase the aggregate Revolving Credit Commitments by up to $100,000,000 to FIVE HUNDRED MILLION DOLLARS (a$500,000,000) The Borrower hereby requests (less the amount of any previous reductions of the Revolving Credit Commitment pursuant to Sections 2.1(c) or 2.12); provided that each such increase must be in a minimum amount of $25,000,000 and in integral multiples of $1,000,000 in excess thereof, by (i) increasing the Total Revolving Loan Credit Commitment of one or more Banks which have agreed to such increase and/or (ii) adding one or more commercial banks or other Persons as a Bank hereto (each an “Additional Bank”) with a Revolving Credit Commitment in an amount agreed to by any such Additional Bank; provided that no Additional Bank shall be increased added as a party hereto without the written consent of the Administrative Agent and the Issuing Banks (which shall not be unreasonably withheld) or if a Default or an Event of Default exists. Any increase in the aggregate amount of $50,000,000 Revolving Credit Commitment pursuant to Section 2.01(cthis clause (b) of shall be effective three Business Days after the Credit Agreement date on which the Administrative Agent has received and accepted the applicable documentation memorializing and evidencing such increases by the applicable Banks. The Administrative Agent shall promptly notify the Borrower and the Borrower proposes that the Increase Effective Date for the increase contemplated in this Agreement be June 28, 2012, but in Banks of any event the Borrower understands and agrees that the Increase Effective Date for such increase in the Total Revolving Loan Commitment shall be the Agreement Effective Date (as defined in Section 3 below). In connection with the foregoing request, the certificate amount of the aggregate Revolving Credit Commitment pursuant to this Section and of the Revolving Credit Commitment of each Bank after giving effect thereto. The Borrower certifying that no Default exists or will occur acknowledges that, in order to maintain Loans in accordance with each Bank’s pro-rata share of all outstanding Borrowings prior to any increase in the aggregate Revolving Credit Commitment pursuant to this Section, a reallocation of the Revolving Credit Commitments as a result of such a non-pro-rata increase in the Total aggregate Revolving Loan Credit Commitment as contemplated in Section 3(c) below may require prepayment of all or portions of certain Borrowings on the date of such increase (and any such prepayment shall be deemed to satisfy the requirement for such certificate under Section 2.01(c) of the Credit Agreement.
(b) On the terms and subject to the conditions provisions of this Agreement, in furtherance of the Borrower's request to increase the Total Revolving Loan Commitment in the aggregate amount of $50,000,000 pursuant to Section 2.01(c) of the Credit Agreement, as of the Agreement Effective Date:
(i) ▇▇▇▇▇ Fargo Bank, National Association hereby increases its Revolving Loan Commitment by $15,000,000 (thereby increasing ▇▇▇▇▇ Fargo Bank, National Association's Revolving Loan Commitment as of the Agreement Effective Date to a total of $60,000,0002.11),
(ii) JPMorgan Chase Bank, N. A. hereby increases its Revolving Loan Commitment by $15,000,000 (thereby increasing JPMorgan Chase Bank, N. A.'s Revolving Loan Commitment as of the Agreement Effective Date to a total of $60,000,000),
(iii) Bank of the West hereby increases its Revolving Loan Commitment by $10,000,000 (thereby increasing Bank of the West's Revolving Loan Commitment as of the Agreement Effective Date to a total of $40,000,000), and
(iv) Union Bank, N.A. hereby increases its Revolving Loan Commitment by $10,000,000 (thereby increasing Union Bank's Revolving Loan Commitment as of the Agreement Effective Date to a total of $40,000,000). Each of the Lenders identified in this Section 2(b) is an “Increasing Lender” for purposes of the Existing Credit Agreement and this Agreement. The agreements of the Increasing Lenders under this Agreement are several and not joint.
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