Request for Incremental Term Loan Commitments Clause Samples

Request for Incremental Term Loan Commitments. Provided no Default or Event of Default then exists or would arise therefrom, upon notice to the Agent (which shall promptly notify the Term Lenders), the Borrowers may make Incremental Term Loan Commitment requests from time to time; provided, however, that (w) no such Incremental Term Loan Commitments may be made without the consent of the Agent, whose consent shall not be unreasonably withheld, (x) the aggregate amount of all Incremental Term Loan Commitments (including, once funded, all Incremental Term Loans) pursuant to this Section 2.19(a) shall not exceed $200,000,000, (y) each Incremental Term Loan Commitment request shall be in a minimum amount of $25,000,000, and (z) the Borrowers may request Incremental Term Loan Commitments a maximum of eight separate times. At the time of sending such notice, the Borrowers (in consultation with the Agent) shall specify the time period within which each existing Term Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Term Lenders).

Request for Incremental Term Loan Commitments. Provided no Default or Event of Default then exists or would arise therefrom and subject to the other terms and conditions of this Section 2.15, upon notice to the Agent (which shall promptly notify the Lenders), the Lead Borrower may from time to time request from the existing Lenders (an “Incremental Request”) an increase in the commitments for the Term Loan under a new term loan tranche or under any existing term loan tranche (each, an “Incremental Term Loan Commitment” and each term loan thereunder, an “Incremental Term Loan”); provided that (i) any such request for an increase shall be in a minimum amount of $10,000,000, and (ii) the Lead Borrower may make a maximum of four (4) such requests. The Lead Borrower shall specify in each Incremental Request (x) the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders) (the “Incremental Response Period”), (y) the date (an “Incremental Effective Date”) on which such Incremental Term Loan is requested to be made (which shall in no event be less than fifteen (15) Business Days nor more than sixty (60) days after the date of delivery of such notice to the Lenders) and (z) all material terms and conditions of such proposed Incremental Term Loan and Incremental Term Loan Commitment.

Request for Incremental Term Loan Commitments. At any time after the Effective Date, Parent may, from time to time by written notice to any Lender, add one or more (a) increases to any Lender’s existing Commitments or (b) new commitments from one or more other Persons selected by the Parent (and subject to the approval of the Required Lenders, not to be unreasonably withheld, conditioned or delayed) not previously party to this Agreement (each Commitment increase or new commitment, an “Incremental Term Loan Commitment”, and each term loan, an “Incremental Term Loan”, and collectively, the “Incremental Term Loan Facilities” and each such existing Lender or other Person providing an Incremental Term Loan Facility, an “Incremental Lender” and, collectively, the “Incremental Lenders”) to make one or more additional Advances; provided that no Lender shall have any obligation to provide an Incremental Term Loan Facility and such determination of providing any Incremental Term Loan Facility will be in such Lender’s sole discretion; provided further that the aggregate amount of all Incremental Term Loan Facilities pursuant to this Agreement shall not exceed $41,554,255; provided further that the sum of (1) the aggregate principal amount of all Advances (including Incremental Term Loans) made pursuant to this Agreement and (2) the aggregate principal amount outstanding under the Commercial Credit Facility, shall not exceed $110,000,000 at the time of such applicable Advance (the “Aggregate Cap”).