Common use of Term Loan Allocation Clause in Contracts

Term Loan Allocation. During the Revolving Period, the Administrative Agent shallmay, with the prior written consent of the Borrower and each affected Lender, be permitted to (a) designate the Class A-1 Commitment or the revolving Class A-2 Commitment of any Lender (including any new Lender added pursuant to Section 2.8) as a term loan Class A-2 Commitment and (b) causerequest any Lender to assign its Class A-1 Commitment or revolving Class A-2 Commitment, as applicable, to a term loan Class A-2 Lender approved by the Borrower so long as the interest rate of such term loan Class A-2 Advance is less than or equal to the then-effective Interest Rate if, in each of clauses (a) and (b), after giving effect to such designation the aggregate Class A-1 Commitments and revolving Class A-2 Commitments designated as term loan Class A-2 Commitments do not exceed $150,000,000. After such designation or assignment, such Class A-2 Advance shall be a term loan hereunder.

Term Loan Allocation. During the Revolving Period, the Administrative Agent shallmayshall, with the prior written consent of the Borrower and each affected LenderBorrower, be permitted to (a) designate the Class A-1 Commitment or the revolving Class A-2 Commitment of any Lender (including any new Lender added pursuant to Section 2.8) as a term loan Class A-2 Commitment and (b) causerequest cause any Lender to assign its Class A-1 Commitment or revolving Class A-2 Commitment, as applicable, to a term loan Class A-2 Lender approved by the Borrower so long as the interest rate of such term loan Class A-2 Advance is less than or equal to the then-effective Interest Rate if, in each of clauses (a) and (b), after giving effect to such designation the aggregate Class A-1 Commitments and revolving Class A-2 Commitments designated as term loan Class A-2 Commitments do not exceed $150,000,000. After such designation or assignment, such Class A-2 Advance shall be a term loan hereunder.