Common use of Incremental Revolving Credit Commitments Clause in Contracts

Incremental Revolving Credit Commitments. The Borrower may, at any time prior to the Commitment Termination Date, by written notice to the Administrative Agent (an “Incremental Loan Request”), request (such request to be received by the Administrative Agent ten (10) Business Days before the date on which the Commitment Increase is to take effect or Incremental Revolving Credit Commitments are established, as applicable) (i) that the amount of the Revolving Credit Commitments Amount be increased by an amount of $20,000,000 or an integral multiple of $5,000,000 above such amount (each a “Commitment Increase”) or (ii) the establishment of one or more new revolving credit commitments amount (any such new revolving commitments, collectively with any Commitment Increases, the “Incremental Revolving Credit Commitments”); provided, however, that (i) in no event shall the aggregate amount of the Incremental Revolving Credit Commitments pursuant to this Section 2.14 exceed $100,000,000, (ii) on the proposed increase date, the conditions set forth in Section 4.2(c) and (d) shall be satisfied, both before and after giving effect to such Incremental Revolving Credit Commitments, (iii) the Collateral and Guaranty Requirements shall be satisfied on and as of the date of the Incremental Revolving Credit Commitments, immediately after giving pro forma effect to such increased Commitments and (iv) the terms and conditions applicable to such additional Commitments shall be on substantially the same terms and conditions applicable to the Commitments immediately prior to the Incremental Facility Closing Date.