Increase Effective Date Clause Samples

Increase Effective Date. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) which date shall be no more than 10 days following the date of the requested increase; provided, that, all of the conditions set forth in clause (b) have been satisfied.

Increase Effective Date. (i) If an Incremental Commitment is provided in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Incremental Effective Date”) and the final allocation of such Incremental Commitment. The Administrative Agent shall promptly notify the Borrower and the Lenders and the New Lenders, as applicable, of the final allocation of such Incremental Commitment and the Incremental Effective Date. (ii) Each Revolving Lender (including any New Lenders) that is increasing its Revolving Commitment or providing an Incremental Commitment on the Incremental Effective Date shall make a Revolving Loan, the proceeds of which will be used to prepay the Revolving Loans of the other Revolving Lenders on such Incremental Effective Date, so that, after giving effect thereto, the Revolving Loans outstanding are held by the Revolving Lenders pro rata based on their Revolving Commitments after giving effect to such Incremental Effective Date (and in connection therewith the Borrower shall pay any additional amounts required pursuant to Section 3.05). If there is a new borrowing of Revolving Loans on such Incremental Effective Date, the Revolving Lenders after giving effect to such Incremental Effective Date shall make such Revolving Loans in accordance with Section 2.01. (iii) [Reserved] (iv) The Loans and Commitments established pursuant to this paragraph shall constitute Loans and Commitments hereunder, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Documents. The Loan Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Collateral Documents continue to be perfected under the UCC or otherwise after giving effect to the establishment of any such Incremental Commitments. (v) Notwithstanding the foregoing, any Incremental Term Loans may be treated as part of the same class as any other Existing Term Loans if such Incremental Term Loans are fungible for United States federal income tax purposes with such other Existing Term Loans.

Increase Effective Date. The Borrower shall borrow and prepay Loans on each Increase Effective Date (and pay any additional amounts required pursuant to Section 3.06) to the extent necessary to keep the outstanding Loans of each Lender ratable with such Lender’s revised Applicable Percentage after giving effect to any nonratable increase in the Aggregate Commitments under this Section.

Increase Effective Date. The Increase Effective Date is ____________, 20___.

Increase Effective Date. If the CommitmentFacility Amount is increased in accordance with this Section, the Purchaser and the Sellers shall determine the effective date of such increase (the “Increase Effective Date”).

Increase Effective Date. The Additional Fifth Incremental Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of the Additional Fifth Incremental Term Loans to be made by it on the Amendment No. 9

Increase Effective Date. This Agreement shall be effective upon the date (the “Increase Effective Date”) specified by the Administrative Agent below its signature below and agreed to by the Borrower7.

Increase Effective Date. Any Facility Increase shall become effective on the date agreed by the Borrower and the Lender. If the Lender deems it advisable in its reasonable discretion, the Borrower and L▇▇▇▇▇ agree to execute an amendment to this Agreement, in form and substance acceptable to Lender, to document an increase in the Commitment Amount pursuant to this Section 2.14.

Increase Effective Date. See §2.14(d).