Common use of Request for Incremental Commitments Clause in Contracts

Request for Incremental Commitments. At any time after the earlier to occur of the Delayed Draw Funding Deadline and the Delayed Draw Funding Date, or in conjunction with borrowing the Delayed Draw Term Loan, and from time to time, the Borrower may by written notice to the Administrative Agent (who shall promptly notify the Lenders) request (i) one or more increases in the Revolving Credit Commitments (a “Revolving Commitment Increase”) or (ii) one or more incremental term loan commitments (an “Incremental Term Loan Commitment” and, together with any Revolving Commitment Increases, the “Incremental Commitments”) to make one or more additional term loans, including a borrowing of an additional term loan the principal amount of which will be added to the outstanding principal amount of the existing tranche of Term Loans with the latest scheduled maturity date (an “Incremental Term Loan”); provided that (A) the total aggregate principal amount for all such Incremental Commitments and Incremental Term Loans made after the Closing Date shall not exceed an amount equal to the Incremental Facilities Amount; (B) any such request for an Incremental Commitment shall be in a minimum amount of $5,000,000 or, if less, the remaining amount permitted pursuant to the foregoing clause (A); and (C) no Lender will be required or otherwise obligated to provide any portion of such Incremental Commitment.

Request for Incremental Commitments. At any time after the earlier to occur of the (a) Delayed Draw Funding Deadline and the Delayed Draw Funding Date, or in conjunction with borrowing the Delayed Draw Term Loan, Date and from time to time, the Borrower may by written notice to the Administrative Agent (who shall promptly notify the Lenders) request (i) one or more increases in the Revolving Credit Commitments (a “Revolving Commitment Increase”) or (ii) one or more incremental term loan commitments (an “Incremental Term Loan Commitment” and, together with any Revolving Commitment Increases, the “Incremental Commitments”) to make one or more additional incremental term loans, including a borrowing of an additional term loan the principal amount of which will be added to the outstanding principal amount of the existing tranche of Term Loans with the latest scheduled maturity date loans (an “Incremental Term Loan”); provided that (A) the total aggregate principal amount for all such Incremental Commitments and Incremental Term Loans made after the Closing SecondFirst Amendment Effective Date shall not exceed an amount equal to (1) $150,000,000 plus (2) such amount as would not cause the Consolidated Net Leverage Ratio to exceed 3.25 to 1.00 (calculated on a Pro Forma Basis based on the financial statements for the most recent fiscal quarter end for which financial statements have been provided after giving effect the incurrence of any then requested Incremental Facilities AmountCommitment and the use of proceeds thereof, but without netting the proceeds thereof); and (B) any such request for an Incremental Commitment shall be in a minimum amount of $5,000,000 or, if less, the remaining amount permitted pursuant to the foregoing clause (A); and (C) no Lender will be required or otherwise obligated to provide any portion of such Incremental Commitment.