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"definition", "offset": [9209, 9222]}, {"key": "by-the-agent", "type": "clause", "offset": [9253, 9265]}, {"key": "participate-in", "type": "definition", "offset": [9322, 9336]}, {"key": "pro-rata", "type": "definition", "offset": [9393, 9401]}, {"key": "basis-of", "type": "clause", "offset": [9409, 9417]}, {"key": "applicable-commitments", "type": "definition", "offset": [9435, 9457]}, {"key": "pay-to", "type": "definition", "offset": [9608, 9614]}, {"key": "applicable-lenders", "type": "clause", "offset": [9619, 9637]}, {"key": "costs-of", "type": "clause", "offset": [9642, 9650]}, {"key": "section-54", "type": "clause", "offset": [9675, 9686]}, {"key": "repayment-required", "type": "clause", "offset": [9710, 9728]}, {"key": "without-limiting-the", "type": "clause", "offset": [9767, 9787]}, {"key": "obligations-of-the-borrowers", "type": "definition", "offset": [9788, 9816]}, {"key": "use-commercially-reasonable-efforts", "type": "clause", "offset": [9898, 9933]}, {"key": "to-attempt-to", "type": "clause", "offset": [9934, 9947]}], "snippet": "(a) So long as no Specified Default exists or would arise therefrom, each Borrower shall have the right, at any time and from time to time after the Closing Date, to request (i) an increase of the aggregate amount of the then outstanding Revolving Credit Commitments (the \u201cIncremental Revolving Commitments\u201d) or (ii) one or more term loans to be obtained hereunder (the \u201cIncremental ABL Term Loans\u201d and together with the Incremental Revolving Commitments, collectively, the \u201cIncremental Facilities\u201d and each, an \u201cIncremental Facility\u201d). Any request under this Section 2.5 shall specify, in the case of a request for Incremental ABL Term Loans, (x) whether such loans will be made to a U.S. Borrower and/or a Canadian Borrower (including in each case any Additional Borrower) and (y) the currency in which such loans will be denominated, which shall be Dollars (to the extent made to a U.S. Borrower), or Cdn. Dollars or Dollars (to the extent made to a Canadian Borrower). Incremental ABL Term Loans will count as U.S. Revolving Loans (to the extent made to a U.S. Borrower), or Multicurrency Canadian Revolving Loans (to the extent made to a Canadian Borrower) for purposes of determining the Aggregate U.S. Revolver Outstandings and the Aggregate Multicurrency Revolver Outstandings, as applicable. Notwithstanding anything to the contrary herein, after giving effect to any new Incremental Facility, the Equivalent Amount in Dollars of the aggregate principal amount of any Incremental ABL Term Loans or Incremental Revolving Commitments shall not exceed the Available Incremental Amount at such time. The Borrowers may seek to obtain Incremental Revolving Commitments or Incremental ABL Term Loans from existing Lenders or any Person that qualifies as an Eligible Assignee, as applicable (each, an \u201cIncremental Facility Increase\u201d); provided that (A) no Lender shall be obligated to provide an Incremental Facility Increase as a result of any such request by any of the Borrowers, and (B) any Additional Lender which is not an existing Lender shall be subject to the approval of the Agent and the Borrowers\u2019 Agent and, in the case of Incremental Revolving Commitments, the Swingline Lenders and the Letter of Credit Issuers (each such approval not to be unreasonably withheld).\n(b) Any Incremental ABL Term Loans (i) may not be guaranteed by any Subsidiaries of the Company other than the Guarantors and shall rank pari passu or junior in right of (x) priority with respect to the Collateral and (y) payment with respect to the Obligations in respect of the Revolving Credit Commitments and any corresponding existing Incremental ABL Term Loans, (ii) shall count against the applicable Borrowing Base, (iii) shall not have a final maturity that is earlier than the Maturity Date (or, if later, the latest final maturity of any Extended Loans or any then-existing Incremental Facility), (iv) may not be secured by any Collateral or other assets of any Borrower or any Guarantor that do not also secure the Loans (other than, in the case of Incremental ABL Term Loans incurred to finance a Permitted Acquisition or other permitted Investment, proceeds of such Incremental ABL Term Loans that are subject to customary escrow or similar arrangements pending consummation of such Permitted Acquisition or other Investment), (v) may provide for commitment, arrangement, upfront or similar fees and margins and interest rates that may be agreed among the applicable Borrower and the Lenders providing such Incremental ABL Term Loans and (vi) shall otherwise be on terms as are reasonably acceptable to the Agent; provided that terms that are substantially consistent with, or not materially less favorable, taken as a whole, to the Lenders than, the terms of this Agreement shall be deemed to be reasonably acceptable to the Agent.\n(c) Any Incremental Revolving Commitments (i) shall be guaranteed by the Guarantors and shall rank pari passu or junior in right of (x) priority with respect to the Collateral and (y) payment with respect to the Obligations in respect of the Revolving Credit Commitments in effect prior to the Incremental Revolving Commitment Effective Date, (ii) may not be secured by any Collateral or other assets of any Borrower or any Guarantor that do not also secure the Loans, (iii) may provide for commitment, arrangement, upfront or similar fees and margins and interest rates that may be agreed among the applicable Borrower and the Lenders providing such Incremental Revolving Commitments and (iv) shall otherwise be on terms and pursuant to the documentation applicable to the existing relevant Revolving Credit Commitments.\n(d) No Incremental Facility Increase shall become effective unless and until each of the following conditions has been satisfied:\n(i) The applicable Borrowers, the Agent, and any Additional Lender shall have executed and delivered a joinder to the Loan Documents (\u201cLender Joinder Agreement\u201d) in substantially the form of Exhibit I;\n(ii) The applicable Borrowers shall have paid such fees and other compensation to the Additional Lenders and to the Agent as the applicable Borrowers, the Agent and such Additional Lenders shall agree;\n(iii) To the extent reasonably required by the Lenders providing the Incremental Facility Increase, the applicable Borrowers shall deliver to the Agent and the Lenders participating in the Incremental Facility Increase customary legal opinion(s) from counsel to the applicable Borrowers and dated such date;\n(iv) The Company shall deliver on the closing date of any Incremental Facility Increase a certificate certifying that (x) (other than with respect to an Incremental Facility Increase in connection with a Permitted Acquisition permitted hereunder or any other Investment not prohibited by the terms of this Agreement, unless required by the Lenders providing such Incremental Facility Increase) the representations and warranties made by the Company, each Borrower and each Guarantor contained herein and in the other Loan Documents are true and correct in all material respects on and as of such closing date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and (y) no Specified Default has occurred and is continuing; and\n(v) The applicable Borrowers and Additional Lenders shall have delivered such other instruments, documents and agreements as the Agent may reasonably have requested in order to effectuate the documentation of the foregoing.\n(vi) In the case of any Incremental Facility Increase constituting Incremental Revolving Commitments, the Agent shall promptly notify each Lender as to the effectiveness of such Incremental Facility Increase (with each date of such effectiveness being referred to herein as an \u201cIncremental Revolving Commitment Effective Date\u201d), and at such time (x) the Revolving Credit Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Incremental Revolving Commitments, (y) Schedule 1.1 shall be deemed modified, without further action, to reflect the revised Commitments of the Lenders and (z) this Agreement shall be deemed amended, without further action, to the extent necessary to reflect any such Incremental Revolving Commitments.\n(vii) In the case of any Incremental Facility Increase, the Agent, the Additional Lenders and the Borrowers agree to enter into any amendment required to incorporate the addition of the Incremental Revolving Commitments and the Incremental ABL Term Loans, the pricing of the Incremental Revolving Commitments and the Incremental ABL Term Loans, the maturity date of the Incremental Revolving Commitments and the Incremental ABL Term Loans and such other amendments as may be necessary or appropriate in the reasonable opinion of the Agent and the applicable Borrowers in connection therewith, including amendments to provide for the inclusion, as appropriate, of Additional Lenders in any required vote or action of the Required Lenders or the Supermajority Lenders, amendments to permit purchases of Incremental ABL Term Loans by the Company or any of its Affiliates (which shall be cancelled upon purchase by the Company or any Subsidiary) (provided that such purchases by an Affiliate of the Company other than a Subsidiary shall be subject to customary restrictions to be agreed with the Additional Lenders providing such Incremental ABL Term Loans and the Agent), and amendments to properly reflect the pari passu or junior right of payment or priority with respect to the Collateral (each an \u201cIncremental Commitment Amendment\u201d). The Lenders hereby irrevocably authorize the Agent to enter into such amendments.\n(e) In connection with the Incremental Facility Increases hereunder, the Lenders and the Borrowers agree that, notwithstanding anything to the contrary in this Agreement, (i) the applicable Borrowers shall, in coordination with the Agent, (x) repay applicable outstanding Revolving Loans of certain Lenders, and obtain applicable Revolving Loans from certain other Lenders (including the Additional Lenders), or (y) take such other actions as reasonably may be required by the Agent to the extent necessary so that the Lenders effectively participate in each of the outstanding Revolving Loans, as applicable, pro rata on the basis of their respective applicable Commitments (determined after giving effect to any increase in such applicable Commitments pursuant to this Section 2.5), and (ii) the applicable Borrowers shall pay to the applicable Lenders any costs of the type referred to in Section 5.4 in connection with any repayment required pursuant to the preceding clause (i). Without limiting the obligations of the Borrowers provided for in this Section 2.5, the Agent and the Lenders agree that they will use commercially reasonable efforts to attempt to minimize the costs of the type referred to in Section 5.4 that the Borrowers would otherwise incur in connection with the implementation of an increase in the applicable Commitments.", "hash": "136fb8204b56e92e6a15074d0db1ce75", "id": 2}, {"size": 189, "samples": [{"hash": "P0JTlcEMEq", "uri": "/contracts/P0JTlcEMEq#incremental-facility", "label": "Revolving Credit Agreement (Uber Technologies, Inc)", "score": 33.257358551, "published": true}, {"hash": "cOYWDlvjkYC", "uri": "/contracts/cOYWDlvjkYC#incremental-facility", "label": "Revolving Credit Agreement (Uber Technologies, Inc)", "score": 31.5982208252, "published": true}, {"hash": "iHaqJdiBT0X", "uri": "/contracts/iHaqJdiBT0X#incremental-facility", "label": "Revolving Credit Agreement (Uber Technologies, Inc)", "score": 30.2730998993, "published": 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{"key": "agent-shall", "type": "definition", "offset": [5396, 5407]}, {"key": "notify-the", "type": "clause", "offset": [5408, 5418]}, {"key": "of-the-borrower", "type": "clause", "offset": [5449, 5464]}, {"key": "notice-of", "type": "clause", "offset": [5467, 5476]}, {"key": "respective-interests", "type": "clause", "offset": [5585, 5605]}, {"key": "each-case", "type": "definition", "offset": [5697, 5706]}, {"key": "the-assignments", "type": "clause", "offset": [5718, 5733]}, {"key": "the-terms-and-provisions", "type": "clause", "offset": [5773, 5797]}, {"key": "loans-shall", "type": "definition", "offset": [5829, 5840]}, {"key": "existing-loans", "type": "definition", "offset": [5861, 5875]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [5877, 5903]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [5909, 5957]}, {"key": "guaranteed-by", "type": "clause", "offset": [5989, 6002]}, {"key": "any-person", "type": "definition", "offset": [6003, 6013]}, {"key": "the-guarantors", "type": "clause", "offset": [6029, 6043]}, {"key": "the-collateral", "type": "clause", "offset": [6232, 6246]}, {"key": "to-secure", "type": "clause", "offset": [6306, 6315]}, {"key": "the-secured-obligations", "type": "definition", "offset": [6316, 6339]}, {"key": "ratable-basis", "type": "definition", "offset": [6356, 6369]}, {"key": "consent-of", "type": "clause", "offset": [6469, 6479]}, {"key": "other-lenders", "type": "definition", "offset": [6484, 6497]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [6530, 6568]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [6663, 6689]}], "snippet": "(a) The Borrower may by written notice to the Administrative Agent elect to request, prior to the Maturity Date, one or more increases to the existing Revolving Commitments (any such increase, the \u201cNew Commitments\u201d), by an aggregate amount for all New Commitments not in excess of the Incremental Available Amount (subject to Section 1.07, determined as of the date of effectiveness of such New Commitments) and not less than $25,000,000 individually (or such lesser amount which shall be approved by the Administrative Agent or that shall constitute the remaining amount of New Commitments permitted to be incurred pursuant to this Section 2.18 at such time), and integral multiples of $25,000,000 in excess of that amount. Each such notice shall specify (A) the date (each, an \u201cIncreased Amount Date\u201d) on which Borrower proposes that the New Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as the Administrative Agent may agree in its reasonable discretion) after the date on which such notice is delivered to the Administrative Agent and which may be contingent upon the closing of an acquisition or other transaction and (B) the identity of each Lender or other Person that is an eligible assignee under Section 9.04(b), subject to approval thereof by the Administrative Agent and the Issuing Banks in the case of a Person that is not a Lender, to the extent such approval is required in the case of an assignment to such Person pursuant to such Section 9.04(b) (such approval not to be unreasonably withheld or delayed) (each, a \u201cNew Lender\u201d), to whom Borrower proposes any portion of such New Commitments be allocated and the amounts of such allocations (it being understood that the identity of such Lenders or other Persons may be amended after the date of such notice so long as the approval requirements, if any, are satisfied); provided that any Lender approached to provide all or a portion of the New Commitments may elect or decline, in its sole discretion, to provide a New Commitment. Such New Commitments shall become effective as of such Increased Amount Date; provided that, subject to Section 1.07 (except as set forth in the parenthetical proviso to clause (1) below), (1) on such Increased Amount Date, each of the conditions set forth in Section 4.02(a) and (b) (with references therein to the \u201cEffective Date\u201d being deemed to refer instead to such Increased Amount Date and, in the case of Section 4.02(b), before and after giving effect to such New Commitment) shall be satisfied (provided that if the proceeds of the Loans under such New Commitments are to be used to consummate a Limited Conditionality Acquisition, (x) no Specified Event of Default shall have occurred and be continuing as of the Increased Amount Date before and after giving effect to such New Commitments (it being understood that the requirements of Section 4.02(b) shall otherwise be complied with in accordance with Section 1.07) and (y) the requirements of Section 4.02(a) shall be subject to, if agreed to by the lenders providing such New Commitments, customary \u201cSunGard\u201d or other customary applicable \u201ccertain funds\u201d conditionality provisions (including the accuracy of the representations and warranties contained in the applicable acquisition agreement as are material to the interests of the lenders providing such New Commitments, but only to the extent that the Borrower or any of its Affiliates has the right to terminate its obligations under such acquisition agreement as a result of the failure of such representation or warranty to be accurate)); (2) the New Commitments shall be effected pursuant to one or more Joinder Agreements executed and delivered by the Borrower, each Guarantor, if any, the New Lenders and the Administrative Agent, and each of which shall be recorded in the Register and each New Lender shall be subject to the requirements set forth in Section 2.14; (3) Borrower shall make any payments required pursuant to Sections 2.12 and 2.13 in connection with the New Commitments; and (4) Borrower shall deliver or cause to be delivered any legal opinions or other documents reasonably requested by the Administrative Agent, the New Lenders or the Issuing Banks in connection with any such transaction.\n(b) On any Increased Amount Date on which New Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, (i) each of the Lenders shall assign to each of the New Lenders, and each of the New Lenders shall purchase from each of the Lenders, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans and Letter of Credit Usage outstanding on such Increased Amount Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans and participation interests in Letter of Credit Usage will be held by existing Lenders and New Lenders ratably in accordance with their Revolving Commitments after giving effect to the addition of such New Commitments to the Revolving Commitments, (ii) each New Commitment shall be deemed for all purposes a Revolving Commitment and each Revolving Loan made thereunder (a \u201cNew Loan\u201d) shall be deemed, for all purposes, a Revolving Loan, and (iii) each New Lender shall become a Lender for all purposes hereunder.\n(c) The Administrative Agent shall notify the Lenders promptly upon receipt of the Borrower\u2019s notice of each Increased Amount Date and in respect thereof (i) the New Commitments and the New Lenders, and (ii) the respective interests in such Lender\u2019s Revolving Loans and participation interests in Letter of Credit Usage, in each case subject to the assignments contemplated by this Section 2.18.\n(d) The terms and provisions (including pricing) of the New Loans shall be identical to the existing Loans. For the avoidance of doubt, and without limiting the generality of the foregoing, (x) the New Loans will not be guaranteed by any Person other than (1) the Guarantors or (2) any Person that shall, substantially concurrently with the incurrence of such New Loans, become a Guarantor and (y) the New Loans will not be secured by any assets not constituting the Collateral, unless such assets are substantially concurrently pledged to secure the Secured Obligations on an equal and ratable basis. Notwithstanding anything in Section 9.02 to the contrary, each Joinder Agreement may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.18.", "hash": "98d1ee95fef67b89ea47d7c755856b30", "id": 1}, {"size": 5, "samples": [{"hash": "jOQnAFwUWaB", "uri": "/contracts/jOQnAFwUWaB#incremental-facility", "label": "Credit Agreement (Mednax, Inc.)", "score": 23.9021224976, "published": true}, {"hash": "8C2219A9njs", "uri": "/contracts/8C2219A9njs#incremental-facility", "label": "Credit Agreement (Mednax, Inc.)", "score": 22.8097190857, "published": true}, {"hash": "ha5y6hUTl4h", "uri": "/contracts/ha5y6hUTl4h#incremental-facility", "label": "Credit Agreement (Eclipsys Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "all-conditions", "type": "definition", "offset": [41, 55]}, {"key": "section-22", "type": "clause", "offset": [69, 80]}], "snippet": "If an Incremental Facility is requested, all conditions set forth in Section 2.2 shall have been satisfied.", "hash": "c5eac3c131cf082bc3f0c556d12cd319", "id": 7}, {"size": 3, "samples": [{"hash": "f7djhdJZbvQ", "uri": "/contracts/f7djhdJZbvQ#incremental-facility", "label": "Credit Agreement (Movado Group Inc)", "score": 32.8932228088, "published": true}, {"hash": "6IklLBKTT7t", "uri": "/contracts/6IklLBKTT7t#incremental-facility", "label": "Credit Agreement (Movado Group Inc)", "score": 29.9226551056, "published": true}, {"hash": "6vw5bXnt45m", "uri": "/contracts/6vw5bXnt45m#incremental-facility", "label": "Credit Agreement (Movado Group Inc)", "score": 26.0951404572, "published": true}], "snippet_links": [{"key": "terms-and-conditions-applicable-to", "type": "clause", "offset": [68, 102]}, {"key": "facility-shall", "type": "clause", "offset": [120, 134]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [151, 175]}, {"key": "the-revolving-facility", "type": "clause", "offset": [190, 212]}, {"key": "with-respect-to", "type": "clause", "offset": [225, 240]}, {"key": "fees-payable", "type": "clause", "offset": [253, 265]}, {"key": "if-applicable", "type": "definition", "offset": [286, 299]}, {"key": "applicable-margin", "type": "definition", "offset": [331, 348]}, {"key": "existing-lenders", "type": "definition", "offset": [372, 388]}, {"key": "in-respect-of", "type": "definition", "offset": [389, 402]}, {"key": "consent-of", "type": "clause", "offset": [460, 470]}, {"key": "in-connection-with", "type": "clause", "offset": [482, 500]}, {"key": "additional-revolving-commitments", "type": "clause", "offset": [528, 560]}, {"key": "increases-in-revolving-commitments", "type": "clause", "offset": [564, 598]}], "snippet": "Except as otherwise specifically set forth herein, all of the other terms and conditions applicable to such Incremental Facility shall be identical to the terms and conditions applicable to the Revolving Facility (other than with respect to any upfront fees payable in respect thereof, if applicable); it being understood that the Applicable Margin applicable to the then existing Lenders in respect of their Revolving Commitments may be increased without the consent of any Lender in connection with the incurrence of any such additional Revolving Commitments or increases in Revolving Commitments under the Incremental Facility.", "hash": "b69f390a9e5a7b0af64d9da2888f357b", "id": 8}, {"size": 71, "samples": [{"hash": "kwb4uxQdefz", "uri": "/contracts/kwb4uxQdefz#incremental-facility", "label": "Credit Agreement (DocGo Inc.)", "score": 36.5975341797, "published": true}, {"hash": "4Lgun5NLOc", "uri": "/contracts/4Lgun5NLOc#incremental-facility", "label": "Credit Agreement (Evi Industries, Inc.)", "score": 36.2361412048, "published": true}, {"hash": "dpQQzVAWqdw", "uri": "/contracts/dpQQzVAWqdw#incremental-facility", "label": "Credit Agreement (Hackett Group, Inc.)", "score": 35.5982208252, "published": true}], "snippet_links": [{"key": "terms-and-conditions-applicable-to", "type": "clause", "offset": [68, 102]}, {"key": "facility-shall", "type": "clause", "offset": [120, 134]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [151, 175]}, {"key": "the-revolving-facility", "type": "clause", "offset": [190, 212]}], "snippet": "Except as otherwise specifically set forth herein, all of the other terms and conditions applicable to such Incremental Facility shall be identical to the terms and conditions applicable to the Revolving Facility.", "hash": "35ad79b69b92acc71a16c089d3084610", "id": 3}, {"size": 21, "samples": [{"hash": "8baCWlnJxOL", "uri": "/contracts/8baCWlnJxOL#incremental-facility", "label": "Credit Agreement (CrossAmerica Partners LP)", "score": 29.3258037567, "published": true}, {"hash": "6tdUmo14SLw", "uri": "/contracts/6tdUmo14SLw#incremental-facility", "label": "Credit Agreement (CrossAmerica Partners LP)", "score": 27.9650917053, "published": true}, {"hash": "6xToBxXVYcu", "uri": "/contracts/6xToBxXVYcu#incremental-facility", "label": "Credit Agreement (Esterline Technologies Corp)", "score": 26.2785758972, "published": true}], "snippet_links": [{"key": "all-conditions", "type": "definition", "offset": [41, 55]}, {"key": "extension-of-credit", "type": "definition", "offset": [129, 148]}, {"key": "the-borrowers", "type": "definition", "offset": [172, 185]}, {"key": "the-credit-parties", "type": "clause", "offset": [282, 300]}, {"key": "date-of", "type": "clause", "offset": [311, 318]}, {"key": "the-conditions", "type": "clause", "offset": [349, 363]}], "snippet": "If an Incremental Facility is requested, all conditions set forth in Section 2.22 shall have been satisfied. Each request for an Extension of Credit and each acceptance by the Borrowers of any such Extension of Credit shall be deemed to constitute representations and warranties by the Credit Parties as of the date of such Extension of Credit that the conditions set forth above in paragraphs (a) through (g), as applicable, have been satisfied.", "hash": "6691ca4a038663d42bbb1f0ff6587fb7", "id": 5}, {"size": 3, "samples": [{"hash": "cyBeoIaJvHt", "uri": "/contracts/cyBeoIaJvHt#incremental-facility", "label": "Loan and Security Agreement (Yellow Corp)", "score": 31.8350448608, "published": true}, {"hash": "ggJrwtqlzse", "uri": "/contracts/ggJrwtqlzse#incremental-facility", "label": "Loan and Security Agreement (YRC Worldwide Inc.)", "score": 31.5872688293, "published": true}, {"hash": "eglPwBc18Fa", "uri": "/contracts/eglPwBc18Fa#incremental-facility", "label": "Loan and Security Agreement (YRC Worldwide Inc.)", "score": 23.1861743927, "published": true}], "snippet_links": [{"key": "incremental-amendment", "type": "definition", "offset": [60, 81]}, {"key": "facility-shall", "type": "clause", "offset": [151, 165]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [182, 206]}, {"key": "the-commitments", "type": "clause", "offset": [221, 236]}, {"key": "prior-to-the", "type": "clause", "offset": [249, 261]}], "snippet": "Except as otherwise specifically set forth herein or in the Incremental Amendment, all of the other terms and conditions applicable to any Incremental Facility shall be identical to the terms and conditions applicable to the Commitments immediately prior to the Incremental Facility.", "hash": "59f077664f31d1ecdb550bcd5b8f3fb0", "id": 10}, {"size": 6, "samples": [{"hash": "eWfJzsKc8CK", "uri": "/contracts/eWfJzsKc8CK#incremental-facility", "label": "Second Amendment to Second Amended and Restated Credit Agreement (ARKO Corp.)", "score": 37.1505813599, "published": true}, {"hash": "5G3EeBacJTc", "uri": "/contracts/5G3EeBacJTc#incremental-facility", "label": "Second Amendment to Second Amended and Restated Credit Agreement (ARKO Petroleum Corp.)", "score": 37.0520210266, "published": true}, {"hash": "iBmZkfglIwk", "uri": "/contracts/iBmZkfglIwk#incremental-facility", "label": "Credit Agreement (ARKO Corp.)", "score": 34.3470230103, "published": true}], "snippet_links": [{"key": "increase-in-revolving-commitments", "type": "clause", "offset": [6, 39]}, {"key": "pursuant-to-section", "type": "clause", "offset": [53, 72]}, {"key": "all-conditions", "type": "definition", "offset": [79, 93]}, {"key": "extension-of-credit", "type": "definition", "offset": [167, 186]}, {"key": "acceptance-by-the-borrower", "type": "clause", "offset": [196, 222]}, {"key": "the-credit-parties", "type": "clause", "offset": [319, 337]}, {"key": "date-of", "type": "clause", "offset": [348, 355]}, {"key": "the-conditions", "type": "clause", "offset": [386, 400]}], "snippet": "If an increase in Revolving Commitments is requested pursuant to Section 2.20, all conditions set forth in Section 2.20 shall have been satisfied. Each request for an Extension of Credit and each acceptance by the Borrower of any such Extension of Credit shall be deemed to constitute representations and warranties by the Credit Parties as of the date of such Extension of Credit that the conditions set forth above in paragraphs (a) through (c), as applicable, have been satisfied.", "hash": "43c8b99e7a9e4c6c81e6847e8d5aa209", "id": 6}, {"size": 36, "samples": [{"hash": "2eP5I89syBr", "uri": "/contracts/2eP5I89syBr#incremental-facility", "label": "Revolving Credit and Security Agreement (Skullcandy, Inc.)", "score": 22.0732383728, "published": true}], "snippet_links": [{"key": "the-terms-and-conditions", "type": "clause", "offset": [11, 35]}, {"key": "the-right", "type": "clause", "offset": [75, 84]}, {"key": "at-any-time", "type": "clause", "offset": [86, 97]}, {"key": "prior-to-the", "type": "clause", "offset": [98, 110]}, {"key": "end-of-the-term", "type": "clause", "offset": [111, 126]}, {"key": "to-request", "type": "clause", "offset": [128, 138]}, {"key": "prior-written-notice", "type": "clause", "offset": [168, 188]}, {"key": "maximum-revolving-advance-amount", "type": "definition", "offset": [209, 241]}, {"key": "provided-however", "type": "clause", "offset": [339, 355]}, {"key": "requests-for", "type": "clause", "offset": [422, 434]}, {"key": "during-the-term", "type": "clause", "offset": [445, 460]}, {"key": "default-shall", "type": "definition", "offset": [537, 550]}, {"key": "at-the-time", "type": "definition", "offset": [580, 591]}, {"key": "after-giving", "type": "clause", "offset": [599, 611]}, {"key": "borrower-shall", "type": "clause", "offset": [645, 659]}, {"key": "closing-fee", "type": "definition", "offset": [666, 677]}, {"key": "equal-to", "type": "definition", "offset": [691, 699]}, {"key": "when-paid", "type": "clause", "offset": [856, 865]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [867, 901]}, {"key": "the-loans", "type": "clause", "offset": [957, 966]}, {"key": "facility-shall", "type": "clause", "offset": [1004, 1018]}, {"key": "the-other-obligations", "type": "clause", "offset": [1082, 1103]}, {"key": "pari-passu-basis", "type": "definition", "offset": [1109, 1125]}, {"key": "from-lenders", "type": "clause", "offset": [1186, 1198]}, {"key": "the-closing-date", "type": "clause", "offset": [1211, 1227]}, {"key": "commitment-percentage", "type": "clause", "offset": [1246, 1267]}, {"key": "facility-will", "type": "clause", "offset": [1298, 1311]}, {"key": "signature-page", "type": "clause", "offset": [1335, 1349]}, {"key": "amended-and-restated-revolving-credit-notes", "type": "clause", "offset": [1388, 1431]}, {"key": "in-favor-of", "type": "definition", "offset": [1432, 1443]}, {"key": "existing-lenders", "type": "definition", "offset": [1448, 1464]}, {"key": "the-conditions", "type": "clause", "offset": [1535, 1549]}, {"key": "section-82", "type": "clause", "offset": [1553, 1564]}, {"key": "agent-shall", "type": "definition", "offset": [1611, 1622]}, {"key": "requisite-corporate-action", "type": "clause", "offset": [1655, 1681]}, {"key": "in-connection-with", "type": "clause", "offset": [1698, 1716]}, {"key": "form-and-substance", "type": "clause", "offset": [1801, 1819]}, {"key": "other-documentation", "type": "clause", "offset": [1946, 1965]}, {"key": "reasonably-necessary", "type": "clause", "offset": [1978, 1998]}, {"key": "to-enter", "type": "definition", "offset": [2035, 2043]}, {"key": "on-behalf-of", "type": "definition", "offset": [2050, 2062]}, {"key": "the-lenders", "type": "clause", "offset": [2063, 2074]}, {"key": "agreement-or", "type": "definition", "offset": [2098, 2110]}, {"key": "terms-of", "type": "definition", "offset": [2169, 2177]}, {"key": "new-incremental-revolving-facility", "type": "definition", "offset": [2182, 2216]}], "snippet": "Subject to the terms and conditions set forth herein, Borrowers shall have the right, at any time prior to the end of the Term, to request, upon ten (10) Business Days prior written notice, an increase to the Maximum Revolving Advance Amount (the \u201cIncremental Revolving Facility\u201d) up to $50,000,000 (an aggregate increase of $21,250,000); provided however, that: (a) Borrowers shall not be permitted to make more than two requests for increases during the Term, and each increase shall not exceed $10,625,000; (b) no Default or Event of Default shall have occurred or would occur at the time of, or after giving effect to, such request; and (c) Borrower shall pay a closing fee in an amount equal to one half of one percent (0.50%) of the amount of the increase, which fee shall be earned on the date the increase is effective, and shall be non-refundable when paid. The following terms and conditions shall apply to the Incremental Revolving Facility: (i) the loans made under the Incremental Revolving Facility shall constitute Obligations and will be secured and guaranteed with the other Obligations on a pari passu basis, (ii) such Incremental Revolving Facility shall be obtained from Lenders existing on the Closing Date and such Lender\u2019s Commitment Percentage of such Incremental Revolving Facility will be as set forth on the signature page hereto, (iii) Borrowers shall execute amended and restated Revolving Credit Notes in favor of the existing Lenders evidencing the increase in the Maximum Revolving Advance Amount, (iv) the conditions in Section 8.2 shall have been satisfied, (v) Administrative Agent shall have received evidence that all requisite corporate action and proceedings in connection with the Incremental Revolving Facility shall have been taken which evidence shall be in form and substance satisfactory to Administrative Agent, and (vi) Administrative Agent shall have received from Borrowers and any Guarantor such other documentation as it deems reasonably necessary. Administrative Agent is authorized to enter into, on behalf of the Lenders, any amendment to this Agreement or any other document as may be necessary to incorporate the terms of any new Incremental Revolving Facility herein therein.", "hash": "325a96a66153a945edac55c79d0e1f5b", "id": 4}, {"size": 3, "samples": [{"hash": "v3dGiFym9H", "uri": "/contracts/v3dGiFym9H#incremental-facility", "label": "Equity Commitment Agreement", "score": 31.3408622742, "published": true}, {"hash": "K4sSn1tEM4", "uri": "/contracts/K4sSn1tEM4#incremental-facility", "label": "Equity Commitment Agreement (Allegheny Energy, Inc)", "score": 21.0, "published": true}, {"hash": "7RWzxTLnpWx", "uri": "/contracts/7RWzxTLnpWx#incremental-facility", "label": "Equity Commitment Agreement (Allegheny Energy, Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "construction-commitment", "type": "definition", "offset": [18, 41]}, {"key": "pursuant-to-section", "type": "clause", "offset": [57, 76]}, {"key": "the-credit-agreement", "type": "clause", "offset": [85, 105]}, {"key": "the-sponsor", "type": "clause", "offset": [107, 118]}, {"key": "to-the-borrower", "type": "definition", "offset": [178, 193]}, {"key": "equal-to", "type": "definition", "offset": [207, 215]}, {"key": "equity-contributions", "type": "clause", "offset": [335, 355]}, {"key": "accounts-payable", "type": "definition", "offset": [377, 393]}, {"key": "in-respect-of", "type": "definition", "offset": [394, 407]}, {"key": "project-costs", "type": "definition", "offset": [408, 421]}, {"key": "day-period", "type": "clause", "offset": [441, 451]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [453, 479]}, {"key": "this-clause", "type": "clause", "offset": [515, 526]}], "snippet": "Each time any New Construction Commitment is established pursuant to Section 2.19 of the Credit Agreement, the Sponsor shall, concurrently therewith, make an Equity Contribution to the Borrower in an amount equal to (x) such New Construction Commitment minus (y) the amount of Project Receipt Payments not previously applied to reduce Equity Contributions hereunder net of all accounts payable in respect of Project Costs during the next 45-day period (for the avoidance of doubt, the amount calculated pursuant to this clause (y) shall not be less than zero).", "hash": "620d488925fc274a0df4d14025cc2c81", "id": 9}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1pbmNyZW1lbnRhbC1mYWNpbGl0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 598, "children": [["taxes", "Taxes"], ["", ""], ["amendments", "Amendments"], ["survival", "Survival"], ["treatment-of-certain-refunds", "Treatment of Certain Refunds"]], "title": "Incremental Facility", "parents": [["the-credits", "The Credits"], ["amount-and-terms-of-commitments", "Amount and Terms of Commitments"], ["miscellaneous", "Miscellaneous"], ["commitments-and-credit-extensions", "Commitments and Credit Extensions"], ["increase-in-revolving-facility", "Increase in Revolving Facility"]], "id": "incremental-facility", "related": [["incremental-facilities", "Incremental Facilities", "Incremental Facilities"], ["incremental-loans", "Incremental Loans", "Incremental Loans"], ["incremental-commitments", "Incremental Commitments", "Incremental Commitments"], ["incremental-lenders", "Incremental Lenders", "Incremental Lenders"], ["commitment-increase", "Commitment Increase", "Commitment Increase"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": ["What are the key negotiation levers for borrower vs. lender in structuring an Incremental Facility?", "Which drafting elements are essential to prevent unintended dilution or subordination of existing lenders?", "What are the most common pitfalls or fatal flaws that could render an Incremental Facility unenforceable?", "How do Incremental Facility provisions compare to similar mechanisms in syndicated loan agreements or high-yield bonds?", "What are the main judicial tests or precedents affecting the enforceability of Incremental Facility clauses in court?"], "drafting_tip": "Specify eligibility criteria and approval process to ensure clarity; define maximum facility amount to manage lender risk; require documentation standards to facilitate enforceability.", "explanation": "An Incremental Facility clause allows a borrower to increase the total amount of available credit under an existing loan agreement, typically by permitting additional lenders or increasing commitments from current lenders. This clause outlines the conditions under which the borrower can request additional funds, such as limits on the total incremental amount, requirements for lender consent, and the process for documenting the new facility. Its core practical function is to provide flexibility for the borrower to access extra financing as needed without renegotiating the entire loan agreement, thereby streamlining the process of obtaining additional capital."}, "json": true, "cursor": ""}}