Document ID: 11392

Text:
Section 2.16. Incremental Facilities. (a) Requests and Consents. The Borrowers may, by written notice from the Borrowers Agent to the Administrative Agent (each, an Incremental Facility Request), from time to time on or after the Closing Date, request the addition of a new tranche of term loans, which at the Borrowers option shall be either incremental priority term loans (each, an Incremental Priority Term Loan Commitment and the term loans thereunder, an Incremental Priority Term Loan) or incremental second out term loans (each, an Incremental Second Out Term Loan Commitment and the term loans thereunder, an Incremental Second Out Term Loan) and/or increases in the Revolving Credit Commitments (each, an Incremental Revolving Credit Commitment and the loans thereunder, Incremental Revolving Loans; each Incremental Priority Term Loan Commitment, Incremental Second Out Term Loan Commitment and each Incremental Revolving Credit Commitment are sometimes referred to herein individually as an Incremental Facility and collectively as the Incremental Facilities) or a combination thereof, in Dollars in an aggregate amount not to exceed $40,000,000 for all such Incremental Facilities (Incremental Facility Amount); provided that no commitment of any Lender shall be increased without the consent of such Lender. Such notice shall set forth (A) the amount of the Incremental Priority Term Loan Commitment, Incremental Second Out Term Loan Commitment or Incremental Revolving Credit Commitment being requested (which shall be in a minimum amount of $5,000,000 (or less, if an amount equal to the remaining Incremental Facility Amount) and multiples of $500,000 in excess thereof), (B) the date (an Incremental Effective Date) on which such Incremental Facility is requested to become effective (which shall not, unless otherwise agreed to by the Administrative Agent, be less than fifteen (15) Business Days nor more than sixty (60) days after the date of such notice), and (C) if an Incremental Term Loan Commitment, whether the related Incremental Term Loan is to be a Eurodollar Loan or a Base Rate Loan (and, if a Eurodollar Loan, the Interest Period therefor). There shall not be more than four (4) Incremental Facilities during the term of this Agreement. The Administrative Agent shall notify the Lenders of the proposed Incremental Facility and provide a time period ending at least five (5) Business Days prior to the Incremental Effective Date to join such Incremental Facility. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to join the Incremental Facility and, if so, whether by an amount equal to, greater than, or less than its applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to join such Incremental Facility. The Administrative Agent shall notify the Borrowers and each Lender of the Lenders responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (which approvals shall not be unreasonably withheld), the Borrowers may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement or amendment in form and substance satisfactory to the Administrative Agent and its counsel.

Named Entities:
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Principal
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Principal
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Principal
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Title

Tokenized Text:
Section
2
.
16
.
Incremental
Facilities
.
(
a
)
Requests
and
Consents
.
The
Borrowers
may
,
by
written
notice
from
the
Borrowers
Agent
to
the
Administrative
Agent
(
each
,
an
Incremental
Facility
Request
)
,
from
time
to
time
on
or
after
the
Closing
Date
,
request
the
addition
of
a
new
tranche
of
term
loans
,
which
at
the
Borrowers
option
shall
be
either
incremental
priority
term
loans
(
each
,
an
Incremental
Priority
Term
Loan
Commitment
and
the
term
loans
thereunder
,
an
Incremental
Priority
Term
Loan
)
or
incremental
second
out
term
loans
(
each
,
an
Incremental
Second
Out
Term
Loan
Commitment
and
the
term
loans
thereunder
,
an
Incremental
Second
Out
Term
Loan
)
and
/
or
increases
in
the
Revolving
Credit
Commitments
(
each
,
an
Incremental
Revolving
Credit
Commitment
and
the
loans
thereunder
,
Incremental
Revolving
Loans
;
each
Incremental
Priority
Term
Loan
Commitment
,
Incremental
Second
Out
Term
Loan
Commitment
and
each
Incremental
Revolving
Credit
Commitment
are
sometimes
referred
to
herein
individually
as
an
Incremental
Facility
and
collectively
as
the
Incremental
Facilities
)
or
a
combination
thereof
,
in
Dollars
in
an
aggregate
amount
not
to
exceed
$
40
,
000
,
000
for
all
such
Incremental
Facilities
(
Incremental
Facility
Amount
)
;
provided
that
no
commitment
of
any
Lender
shall
be
increased
without
the
consent
of
such
Lender
.
Such
notice
shall
set
forth
(
A
)
the
amount
of
the
Incremental
Priority
Term
Loan
Commitment
,
Incremental
Second
Out
Term
Loan
Commitment
or
Incremental
Revolving
Credit
Commitment
being
requested
(
which
shall
be
in
a
minimum
amount
of
$
5
,
000
,
000
(
or
less
,
if
an
amount
equal
to
the
remaining
Incremental
Facility
Amount
)
and
multiples
of
$
500
,
000
in
excess
thereof
)
,
(
B
)
the
date
(
an
Incremental
Effective
Date
)
on
which
such
Incremental
Facility
is
requested
to
become
effective
(
which
shall
not
,
unless
otherwise
agreed
to
by
the
Administrative
Agent
,
be
less
than
fifteen
(
15
)
Business
Days
nor
more
than
sixty
(
60
)
days
after
the
date
of
such
notice
)
,
and
(
C
)
if
an
Incremental
Term
Loan
Commitment
,
whether
the
related
Incremental
Term
Loan
is
to
be
a
Eurodollar
Loan
or
a
Base
Rate
Loan
(
and
,
if
a
Eurodollar
Loan
,
the
Interest
Period
therefor
)
.
There
shall
not
be
more
than
four
(
4
)
Incremental
Facilities
during
the
term
of
this
Agreement
.
The
Administrative
Agent
shall
notify
the
Lenders
of
the
proposed
Incremental
Facility
and
provide
a
time
period
ending
at
least
five
(
5
)
Business
Days
prior
to
the
Incremental
Effective
Date
to
join
such
Incremental
Facility
.
Each
Lender
shall
notify
the
Administrative
Agent
within
such
time
period
whether
or
not
it
agrees
to
join
the
Incremental
Facility
and
,
if
so
,
whether
by
an
amount
equal
to
,
greater
than
,
or
less
than
its
applicable
Percentage
of
such
requested
increase
.
Any
Lender
not
responding
within
such
time
period
shall
be
deemed
to
have
declined
to
join
such
Incremental
Facility
.
The
Administrative
Agent
shall
notify
the
Borrowers
and
each
Lender
of
the
Lenders
responses
to
each
request
made
hereunder
.
To
achieve
the
full
amount
of
a
requested
increase
and
subject
to
the
approval
of
the
Administrative
Agent
(
which
approvals
shall
not
be
unreasonably
withheld
)
,
the
Borrowers
may
also
invite
additional
Eligible
Assignees
to
become
Lenders
pursuant
to
a
joinder
agreement
or
amendment
in
form
and
substance
satisfactory
to
the
Administrative
Agent
and
its
counsel
.