Common use of Additional Credit Facility Clause in Contracts

Additional Credit Facility. (a) The Company may, at its option and without the consent of the Banks, in a minimum amount of $50,000,000 on each occasion, seek to increase the Aggregate Commitment by up to an aggregate amount of $200,000,000 (resulting in a maximum Aggregate Commitment of $1,000,000,000) upon at least three (3) Business Days’ prior written notice to Administrative Agent and Collateral Agent, which notice shall specify the amount of any such increase and shall be delivered at a time when no Default or Unmatured Default has occurred and is continuing. The Company may, after giving such notice and in its sole discretion, offer the increase in the Aggregate Commitment to other lenders or entities reasonably acceptable to Administrative Agent and the Company. No increase in the Aggregate Commitment shall become effective until the existing or new Banks extending such new or increased Commitment amount and the Company shall have delivered to Administrative Agent a document reasonably satisfactory to Administrative Agent and the Company pursuant to which any such existing Bank states the amount of its Commitment increase, any such new Bank states its Commitment amount and agrees to assume and accept the obligations and rights of a Bank hereunder and the Company accepts such new or increased Commitments. The Banks (new or existing) shall accept an assignment from the existing Banks, and the existing Banks shall make an assignment to the new or existing Banks accepting a new or increased Commitment, of a direct interest in each then outstanding Advance such that, after giving effect thereto, all credit exposure hereunder is held ratably by the Banks in proportion to their respective Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal amount assigned plus accrued and unpaid interest and accrued and unpaid facility fees. Any such increase of the Aggregate Commitment shall be subject to receipt by Administrative Agent from the Company of such supplemental opinions, resolutions, certificates and other documents as Administrative Agent may reasonably request.

Appears in 2 contracts

Samples: Credit Agreement (Chicago Mercantile Exchange Holdings Inc), Credit Agreement (Cme Group Inc.)

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Additional Credit Facility. (a) The Company may, at its option and without the consent of the Banks, in a minimum amount of $50,000,000 on each occasionat any time and from time to time, seek to increase the Aggregate Commitment by up to an aggregate amount of $200,000,000 1,000,000,000 (resulting in a maximum Aggregate Commitment of $1,000,000,0002,000,000,000) upon at least three (3) Business Days’ prior written notice to the Administrative Agent and the Collateral Agent, which notice shall specify the amount of any such increase and shall be delivered at a time when no Default or Unmatured Default has occurred and is continuing. The Company may, after giving such notice and in its sole discretion, offer the increase in the Aggregate Commitment to other lenders or entities reasonably acceptable to the Administrative Agent and the Company. No increase in the Aggregate Commitment shall become effective until the existing or new Banks extending such new or increased Commitment amount and the Company shall have delivered to the Administrative Agent a document reasonably satisfactory to the Administrative Agent and the Company pursuant to which any such existing Bank states the amount of its Commitment increase, any such new Bank states its Commitment amount and agrees to assume and accept the obligations and rights of a Bank hereunder and the Company accepts such new or increased Commitments. The Banks (new or existing) shall accept an assignment from the existing Banks, and the existing Banks shall make an assignment to the new or existing Banks accepting a new or increased Commitment, of a direct interest in each then outstanding Advance such that, after giving effect thereto, all credit exposure hereunder is held ratably by the Banks in proportion to their respective Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal amount assigned plus accrued and unpaid interest and accrued and unpaid facility fees. Any such increase of the Aggregate Commitment shall be subject to receipt by the Administrative Agent from the Company of such supplemental opinions, resolutions, certificates and other documents as the Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

Additional Credit Facility. (a) The Company may, at its option and without the consent of the Banks, in a minimum amount of $50,000,000 on each occasionat any time and from time to time, seek to increase the Aggregate Commitment by up to an aggregate amount of $200,000,000 500,000,000 (resulting in a maximum Aggregate Commitment of $1,000,000,0001,500,000,000) upon at least three (3) Business Days’ prior written notice to the Administrative Agent and the Collateral Agent, which notice shall specify the amount of any such increase and shall be delivered at a time when no Default or Unmatured Default has occurred and is continuing. The Company may, after giving such notice and in its sole discretion, offer the increase in the Aggregate Commitment to other lenders or entities reasonably acceptable to the Administrative Agent and the Company. No increase in the Aggregate Commitment shall become effective until the existing or new Banks extending such new or increased Commitment amount and the Company shall have delivered to the Administrative Agent a document reasonably satisfactory to the Administrative Agent and the Company pursuant to which any such existing Bank states the amount of its Commitment increase, any such new Bank states its Commitment amount and agrees to assume and accept the obligations and rights of a Bank hereunder and the Company accepts such new or increased Commitments. The Banks (new or existing) shall accept an assignment from the existing Banks, and the existing Banks shall make an assignment to the new or existing Banks accepting a new or increased Commitment, of a direct interest in each then outstanding Advance such that, after giving effect thereto, all credit exposure hereunder is held ratably by the Banks in proportion to their respective Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal amount assigned plus accrued and unpaid interest and accrued and unpaid facility fees. Any such increase of the Aggregate Commitment shall be subject to receipt by the Administrative Agent from the Company of such supplemental opinions, resolutions, certificates and other documents as the Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

Additional Credit Facility. (a) The Company may, at its option and without the consent of the Banks, in a minimum amount of $50,000,000 25,000,000 on each occasion, seek to increase the Aggregate Commitment by up to an aggregate amount of $200,000,000 400,000,000 (resulting in a maximum Aggregate Commitment of $1,000,000,000) upon at least three (3) Business Days’ prior written notice to Administrative Agent and Collateral Agent, which notice shall specify the amount of any such increase and shall be delivered at a time when no Default or Unmatured Default has occurred and is continuing. The Company may, after giving such notice and in its sole discretion, offer the increase in the Aggregate Commitment to other lenders or entities reasonably acceptable to Administrative Agent and the Company. No increase in the Aggregate Commitment shall become effective until the existing or new Banks extending such new or increased Commitment amount and the Company shall have delivered to Administrative Agent a document reasonably satisfactory to Administrative Agent and the Company pursuant to which any such existing Bank states the amount of its Commitment increase, any such new Bank states its Commitment amount and agrees to assume and accept the obligations and rights of a Bank hereunder and the Company accepts such new or increased Commitments. The Banks (new or existing) shall accept an assignment from the existing Banks, and the existing Banks shall make an assignment to the new or existing Banks accepting a new or increased Commitment, of a direct interest in each then outstanding Advance such that, after giving effect thereto, all credit exposure hereunder is held ratably by the Banks in proportion to their respective Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal CHICAGO MERCANTILE EXCHANGE INC. 2008 CREDIT AGREEMENT amount assigned plus accrued and unpaid interest and accrued and unpaid facility fees. Any such increase of the Aggregate Commitment shall be subject to receipt by Administrative Agent from the Company of such supplemental opinions, resolutions, certificates and other documents as Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

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Additional Credit Facility. (a) The Company may, at its option and without the consent of the Banks, in a minimum amount of $50,000,000 10,000,000 on each occasion, seek to increase the Aggregate Commitment by up to an aggregate amount of $200,000,000 250,000,000 (resulting in a maximum Aggregate Commitment of $1,000,000,000) upon at least three (3) Business Days’ prior written notice to Administrative Agent and the Collateral Agent, which notice shall specify the amount of any such increase and shall be delivered at a time when no Default or Unmatured Default has occurred and is continuing. The Company may, after giving such notice and in its sole discretion, offer the increase in the Aggregate Commitment to other lenders or entities reasonably acceptable to Administrative the Collateral Agent and the Company. No increase in the Aggregate Commitment shall become effective until the existing or new Banks extending such new or increased Commitment amount and the Company shall have delivered to Administrative the Collateral Agent a document reasonably satisfactory to Administrative the Collateral Agent and the Company pursuant to which any such existing Bank states the amount of its Commitment increase, any such new Bank states its Commitment amount and agrees to assume and accept the obligations and rights of a Bank hereunder and the Company accepts such new or increased Commitments. The Banks (new or existing) shall accept an assignment from the existing Banks, and the existing Banks shall make an assignment to the new or existing Banks accepting a new or increased Commitment, of a direct interest in each then outstanding Advance such that, after giving effect thereto, all credit exposure hereunder is held ratably by the Banks in proportion to their respective Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal amount assigned plus accrued and unpaid interest and accrued and unpaid facility fees. Any such increase of the Aggregate Commitment shall be subject to receipt by Administrative the Collateral Agent from the Company of such supplemental opinions, resolutions, certificates and other documents as Administrative the Collateral Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Chicago Mercantile Exchange Holdings Inc)

Additional Credit Facility. (a) The Company may, at its option and without the consent of the Banks, in a minimum amount of $50,000,000 on each occasionat any time and from time to time, seek to increase the Aggregate Commitment by up to an aggregate amount of $200,000,000 2,000,000,000 (resulting in a maximum Aggregate Commitment of $1,000,000,0005,000,000,000) upon at least three (3) Business Days’ prior written notice to the Administrative Agent and the Collateral Agent, which notice shall specify the amount of any such increase and shall be delivered at a time when no Default or Unmatured Default has occurred and is continuing. The Company may, after giving such notice and in its sole discretion, offer the increase in the Aggregate Commitment to other lenders or entities reasonably acceptable to the Administrative Agent and the Company. No increase in the Aggregate Commitment shall become effective until the existing or new Banks extending such new or increased Commitment amount and the Company shall have delivered to the Administrative Agent a document reasonably satisfactory to the Administrative Agent and the Company pursuant to which any such existing Bank states the amount of its Commitment increase, any such new Bank states its Commitment amount and agrees to assume and accept the obligations and rights of a Bank hereunder and the Company accepts such new or increased Commitments. The Banks (new or existing) shall accept an assignment from the existing Banks, and the existing Banks shall make an assignment to the new or existing Banks accepting a new or increased Commitment, of a direct interest in each then outstanding Advance such that, after giving effect thereto, all credit exposure hereunder is held ratably by the Banks in proportion to their respective Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal amount assigned plus accrued and unpaid interest and accrued and unpaid facility fees. Any such increase of the Aggregate Commitment shall be subject to receipt by the Administrative Agent from the Company of such supplemental opinions, resolutions, certificates and other documents as the Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

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