Common use of Request to Increase Clause in Contracts

Request to Increase. From and after July 19, 2011, and provided no Event of Default has occurred and is continuing, the Borrower may from time to time request an increase in the Commitment Amount for any Facility in accordance with this Section 2.16(b). The aggregate principal amount of all increases to all Commitment Amounts made pursuant to this Section 2.16(b) shall not exceed $100,000,000 (the “Maximum Aggregate Increase Amount”), subject to reinstatement as provided in subsection (vi) below, and each requested increase (each, an “Accordion Increase”) shall not be less than $10,000,000. Upon receipt of a request for an Accordion Increase from the Borrower, the Administrative Agent, in its sole discretion, may offer one or more Lenders the opportunity (but not the obligation), in such amounts as the Administrative Agent shall determine, to participate in the Accordion Increase by increasing such Lender’s Commitment with respect to the applicable Facility. The Administrative Agent shall have no obligation to offer any Lender an opportunity to participate in any such Accordion Increase and nothing herein shall prohibit the Administrative Agent from retaining for its own account, as a Lender, all or substantially all of such Accordion Increase. Each Lender that fails to respond to such a notice in writing within the period of time provided therein shall be deemed to have elected not to participate in such Accordion Increase.

Request to Increase. From and after July 19Following April 23, 20112012, with the prior written consent of the Administrative Agent and provided no Default or Event of Default has occurred and is continuing, the Borrower may from time to time request an propose to increase in the Aggregate Revolving Commitment Amount for any Facility in accordance with this Section 2.16(b2.13(c). The aggregate principal amount of all increases the increase to all the Aggregate Revolving Commitment Amounts Amount made pursuant to this Section 2.16(b2.13(c) (the amount of any such increase, the “Increased Facility Amount”), shall not exceed $100,000,000 (the “Maximum Aggregate Increase Amount”), subject to reinstatement as provided in subsection (vi) below, 30,000,000 and each requested increase (each, an “Accordion Increase”) shall not be less than at least $10,000,000. Upon receipt of a request for an Accordion Increase from the Borrower, The Borrower shall provide notice to the Administrative Agent, in its sole discretion, may offer one or more Lenders Agent (which shall promptly provide a copy of such notice to the opportunity Lenders) of any requested Increased Facility Amount. Each Lender shall have the right (but not the obligation), in for a period of 20 days following receipt of such amounts as notice, to elect by notice to the Borrower and the Administrative Agent shall determine, to subscribe to participate in the Accordion Increase by increasing such Lender’s Commitment with respect Increased Facility Amount to the applicable Facilityextent of its Percentage. The Administrative Agent shall have no obligation to offer any Lender an opportunity to participate in any such Accordion Increase and nothing herein shall prohibit the Administrative Agent from retaining for its own account, as a Lender, all or substantially all of such Accordion Increase. Each Lender Lenders that fails fail to respond to such a notice in writing within the period of time provided therein shall be deemed to have elected not to participate in the requested Increased Facility Amount. None of the Lenders shall have any commitment or obligation to participate in any requested Increased Facility Amount and the decision of each Lender to participate or not participate in any requested Increased Facility Amount shall be subject to all necessary credit approvals on the part of such Accordion IncreaseLender and shall be at the sole discretion of such Lender.