Common use of Terms of Incremental Commitment Clause in Contracts

Terms of Incremental Commitment. The terms and provisions of the incremental Loans comprising each Incremental Commitment shall be documented solely as an increase to the Commitments without any change of terms to this Agreement and shall (i) rank pari passu in right of payment and of security with, and shall have the same guarantees as the existing Loans, (ii) have a maturity date that is not earlier than the Maturity Date being increased, (iii) have a rate of interest as set forth in each applicable Incremental Commitment Joinder Agreement; provided, however that, with respect to any Class of the Loans, if the interest rate margin is greater than the interest rate margin on the existing Loans of such Class, the interest rate margin on the existing Loans of such Class shall be increased so as to equal the interest rate margin applicable to the incremental Loans of such Class comprising such Incremental Commitment and (iv) otherwise be treated the same as, and not be entitled to any additional benefits than or impose any more obligations than, the existing Loans.

Terms of Incremental Commitment. The terms and provisions of the incremental Revolving Loans comprising each Incremental Commitment shall be documented solely as an increase to the Commitments without any change of terms to this Agreement and shall (i) rank pari passu in right of payment and of security with, and shall have the same guarantees as the existing Loans, ; (ii) have a maturity date that is not earlier than the Maturity Date of the applicable Class of Loans being increased, ; (iii) have a rate of interest as set forth in each applicable Incremental Commitment Joinder Agreement; provided, however that, with respect to any Class of the Loans, if the interest rate margin is greater than the interest rate margin on the existing Loans of such Class, the interest rate margin on the existing Loans of such Class shall be increased so as to equal the interest rate margin applicable to the incremental Revolving Loans of such Class comprising such Incremental Commitment Commitment; and (iv) otherwise be treated the same as, and not be entitled to any additional benefits than or impose any more obligations than, the existing Loans.