Common use of Increased Commitments; Additional Banks Clause in Contracts

Increased Commitments; Additional Banks. (a) Subsequent to the Effective Date (but not more than twice in any calendar year), the Company may, upon at least 30 days' notice to the Agent (which shall promptly provide a copy of such notice to the Banks), propose to increase the aggregate amount of the Commitments by an amount which (i) is a multiple of $50,000,000 or any other amount agreed to by the Company and the Agent and (ii) when combined with the sum of the aggregate amount by which the Commitments have theretofore been increased pursuant to this Section 2.19 and the aggregate amount by which the commitments have been increased pursuant to the corresponding provision of the Related Agreement, does not exceed $287,500,000 (the amount of any such increase, the "Increased Commitments"); provided that no Default shall have occurred and be continuing. Each Bank party to this Agreement at such time shall have the right (but no obligation), for a period of 15 days following receipt of such notice, to elect by notice to the Company and the Agent to increase its Commitment by a principal amount which bears the same ratio to the Increased Commitments as its then Commitment bears to the aggregate Commitments then existing.

Increased Commitments; Additional Banks. (a) Subsequent to the Effective Date (but not more than twice in any calendar year), the Company Borrower may, upon at least 30 days' notice to the Administrative Agent (which shall promptly provide a copy of such notice to the Banks), propose to increase the aggregate amount of the Commitments by an amount which (i) is a multiple of $50,000,000 or any other amount agreed to by the Company and the Agent 10,000,000 and (ii) when combined with the sum of the aggregate amount by which the Commitments have theretofore been increased pursuant to this Section 2.19 and the aggregate amount by which the commitments have been increased pursuant to the corresponding provision of the Related Agreement2.02, does not exceed $287,500,000 400,000,000 (the amount of any such increase, the "Increased CommitmentsINCREASED COMMITMENTS"); provided that no Default shall have occurred and be continuing. Each Bank party to this Agreement at such time shall have the right (but no obligation), for a period of 15 days following receipt of such notice, to elect by notice to the Company Borrower and the Administrative Agent to increase its Commitment by a principal amount which bears the same ratio to the Increased Commitments as its then Commitment bears to the aggregate Commitments then existing. If a Bank does not respond to such notice within such period, such Bank shall be deemed to have elected not to increase its Commitment pursuant to this Section at such time.

Increased Commitments; Additional Banks. (a) a Subsequent to the Effective Date (but not more than twice in any calendar year), the Company Borrower may, upon at least 30 days' notice to the Administrative Agent (which shall promptly provide a copy of such notice to the Banks), propose to increase the aggregate amount of the Commitments by an amount which (i) is a multiple of $50,000,000 or any other amount agreed to by the Company and the Agent 10,000,000 and (ii) when combined with the sum of the aggregate amount by which the Commitments have theretofore been increased pursuant to this Section 2.19 and the aggregate amount by which the commitments have been increased pursuant to the corresponding provision of the Related Agreement2.02, does not exceed $287,500,000 500,000,000 (the amount of any such increase, the "Increased Commitments"); provided that no Default shall have occurred and be continuing. Each Bank party to this Agreement at such time shall have the right (but no obligation), for a period of 15 days following receipt of such notice, to elect by notice to the Company Borrower and the Administrative Agent to increase its Commitment by a principal amount which bears the same ratio to the Increased Commitments as its then Commitment bears to the aggregate Commitments then existing. If a Bank does not respond to such notice within such period, such Bank shall be deemed to have elected not to increase its Commitment pursuant to this Section at such time.