Incremental Revolving Commitment Increase Sample Clauses
Incremental Revolving Commitment Increase. (a) The Borrowers and each 2018 Revolving Increase Lender hereby agree that, on the Amendment No. 5 Effective Date immediately after the establishment of the 2018 Revolving Credit Commitments, the Incremental Revolving Commitment Increase of such 2018 Revolving Increase Lender shall become effective and the 2018 Revolving Credit Commitments shall be deemed increased by the aggregate amount of the Incremental Revolving Commitment Increases of such 2018 Revolving Increase Lenders in the amounts set forth on Schedule 1 hereto. Pursuant to Section 2.20 of the Credit Agreement, the Incremental Revolving Commitment Increases shall be 2018 Revolving Credit Commitments for all purposes under the Credit Agreement and each of the other Loan Documents and shall be of the same Class as, and shall have terms identical to, the 2018 Revolving Credit Commitments.
(b) Each 2018 Revolving Increase Lender acknowledges and agrees that upon the effectiveness of this Amendment on the Amendment No. 5 Effective Date, such 2018 Revolving Increase Lender shall be a Lender under, and for all purposes of, the Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.
(c) This Amendment shall constitute an Incremental Amendment with respect to the Incremental Revolving Commitment Increase for all purposes under the Credit Agreement.
Incremental Revolving Commitment Increase. |US-DOCS\138439510.4||
(a) Subject to and upon the terms and conditions set forth herein, the Incremental Lender agrees to make the Incremental Revolving Commitment Increase available to the Borrowers on the Fifth Amendment Effective Date. The aggregate amount of all the Revolving Commitments on the Fifth Amendment Effective Date (after giving effect to the Incremental Revolving Commitment Increase) is $110,000,000. Schedule 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety with Exhibit A attached hereto.
(b) Upon the Incremental Revolving Commitment Increase, each then-existing Revolving Lender immediately prior to such Incremental Revolving Commitment Increase will automatically and without further act be deemed to have assigned to the Incremental Lender a portion of the Revolving Credit Facility in respect of such increase, and the Incremental Lender will automatically and without further act be deemed to have assumed a portion of such then-existing Revolving Lender’s participations in outstanding Letters of Credit and Swingline Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i) participations in Letters of Credit and (ii) participations in Swingline Loans held by each then-existing Revolving Lender will equal the percentage of the aggregate Revolving Commitments of all Revolving Lenders represented by such Revolving ▇▇▇▇▇▇’s Revolving Commitment.
(c) This Amendment constitutes an “