Common use of Incremental Term Commitments Clause in Contracts

Incremental Term Commitments. The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Facility Request”), request (i) one or more new term loan commitments which may be of the same Class as any outstanding Term Facility Loans then outstanding (a “Term Loan Increase” and any facility therefor, a “Term Loan Increase Facility”) or a new Class of term loans (a “New Term Loan Commitment” and any facility therefor, a “New Term Loan Facility”), (ii) the addition of one or more new revolving credit facilities (each, a “New Revolving Facility,” any advance made by an Incremental Lender thereunder, a “New Revolving Loan” and the commitments therefor, a “New Revolving Commitment”) or (iii) an increase in the commitments under any Existing Revolving Credit Facility (which shall be on the same terms as, and become part of, the Existing Revolving Credit Facility proposed to be increased) (each, a “Revolving Credit Commitment Increase” and a facility therefor, a “Revolving Commitment Increase Facility,” together with any New Revolving Facility, an “Incremental Revolving Facility”), whereupon the Administrative Agent shall promptly deliver a copy of such notice to each of the Lenders.