Common use of Procedures for Increases Clause in Contracts

Procedures for Increases. If the Aggregate Maximum Credit Amount is increased in accordance with Section 2.06(c)(i), the Administrative Agent and the Borrower shall determine the effective date (the "Increase Effective Date") and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date. The Borrower shall pay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 5.02), or the Lenders will assign their interests in the Loans among themselves, to the extent necessary to keep the outstanding Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this section.

Procedures for Increases. If the Aggregate Maximum Credit Amount is increased in accordance with Section 2.06(c)(i), the Administrative Agent and the Borrower shall determine the effective date (the "“Increase Effective Date"”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date. The Borrower shall pay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 5.02), or the Lenders will assign their interests in the Loans among themselves, to the extent necessary to keep the outstanding Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this section.