Common use of Incremental Increases Clause in Contracts

Incremental Increases. After the Closing Date, the Borrower will be permitted to (A) incur additional term loans under a new term facility or as an increase to the Term Loan Facility (each, an “Incremental Term Loan”) and/or (B) increase commitments under the Revolving Credit Facility (each, a “Revolving Credit Facility Increase” and, together with the Incremental Term Loans, the “Incremental Increases”) in an aggregate principal amount not to exceed the sum of (x) the greater of (1) $325.0 million and (2) 100.0% of LTM Consolidated Adjusted EBITDA for the trailing four fiscal quarter period of the Borrower ended prior to such date plus (y) an amount which, after giving pro forma effect to the incurrence of such Incremental Increase would not cause the Consolidated Net Secured Leverage Ratio to exceed, on a pro forma basis, 3.00 to 1.00.