Common use of Request for Incremental Facility Clause in Contracts

Request for Incremental Facility. Upon notice to the Administrative Agent (which shall promptly notify the Lenders), at any time after the Closing Date, the Borrower may request the additional Borrowing of a new tranche of term loans (each tranche, an “Incremental Facility”); provided that (i) after giving effect to any such additional Borrowing, the aggregate principal amount of Incremental Facilities that have been added pursuant to this Section 2.06 shall not exceed $200,000,000, (ii) any such additional Borrowing shall be in an aggregate principal amount of not less than $25,000,000 or any whole multiple of $1,000,000 in excess thereof (or, in either case, such lesser amount as may be acceptable to the Administrative Agent), and (iii) there shall be no more than three such requested additional Borrowings during the term of this Agreement.