Changes to Commitments. 6.1 Cancellation or Reduction of Lenders' Commitment 11 6.2 Increase in Lender's Commitment 11 6.3 Addition of Lenders 11
Changes to Commitments. So long as the Borrower has not reduced the Commitments, the Borrower may request that the Commitments be increased to $350,000,000 (the "Maximum Commitment"). If the Borrower requests that the total 39 45 Commitments from the Banks then parties to this Agreement be increased, the Administrative Agent shall promptly give notice of such request (the "Commitment Increase Notice") to each Bank. Within five Business Days of its receipt of a Commitment Increase Notice from the Administrative Agent, each Bank that desires to increase its Commitment in response to such request (each such Bank, a "Consenting Bank") shall deliver notice to the Administrative Agent of its election to increase its Commitment and the maximum amount of such increase to its Commitment (for each Consenting Bank, its "Additional Commitment"), which may not be larger than the excess of (a) the Maximum Commitment, over (b) the Commitments then in effect. The failure of any Bank to so notify the Administrative Agent of its election and its Additional Commitment, if any, shall be deemed to be a refusal to increase its Commitment. If the sum of the Commitments then in effect plus the aggregate Additional Commitments does not exceed the Maximum Commitment, the Commitment of each Consenting Bank shall be increased by its Additional Commitment. If the sum of the Commitments then in effect plus the aggregate Additional Commitments exceeds the Maximum Commitment, the Commitment of each Consenting Bank shall be increased by an amount equal to the product of (i) such Consenting Bank's Additional Commitment multiplied by (ii) the quotient of (a) the excess of (A) the Maximum Commitment, over (B) the Commitments then in effect, divided by (b) the aggregate Additional Commitments of all Consenting Banks. Any increase in the Commitments shall be effective as of the tenth Business Day after the delivery of the Commitment Increase Notice; provided, that the Commitments may not at any time exceed the Maximum Commitment.
Changes to Commitments. The respective Commitments shall reduce pro rata automatically by reason of any prepayment of the Loans applicable thereto in the amount of any such prepayment. If the Scheduled Maturity Date is extended in accordance with Section 4.01, Borrower may elect to reduce the amount of the unused Commitments which shall be available during the Extension Period by notifying Administrative Agent of such reduced Commitment amounts in its Extension Notice. The Commitments, once terminated or reduced, may not be reinstated. Each termination or reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.
Changes to Commitments. With effect from and including the date this Amendment and Restatement becomes effective in accordance with Section 10, (i) the aggregate amount of the Commitments shall be increased to $500,000,000; (ii) each of the Bank Brussels Lambert, New York Branch and PNC Bank, National Assoxxxxxxx (the "New Banks") shall become a Bank party to the Agreement and (iii) the Commitment of each Bank shall be the amount set forth opposite the name of such Bank on the signature pages hereof. Shawmut Bank Connecticut, N.A. (the "Departing Bank") shall upon such effectiveness cease to be a Bank party to the Agreement, and all accrued fees and other amounts payable under the Agreement for the account of the Departing Bank shall be due and payable on such date; provided that the provisions of Sections 8.03 and 9.03 of the Agreement shall continue to inure to the benefit of the Departing Bank.
Changes to Commitments. From and after the date of this Amendment, the Commitment of each Bank shall be the amount set forth opposite the name of such Bank on the signature page of this Amendment, as such amount may be increased or reduced pursuant to Section 2.08 of the Credit Agreement.
Changes to Commitments. (a) The respective Commitments shall reduce pro rata automatically by reason of any prepayment of the Loans applicable thereto in the amount of any such prepayment.
(b) If the Scheduled Maturity Date is extended in accordance with Section 4.1, Borrower may elect to reduce the amount of the unused Commitments which shall be available during the Extension Period by notifying Administrative Agent of such reduced Commitment amounts in its Extension Notice.
(c) The Commitments, once terminated or reduced, may not be reinstated. Each termination or reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.
Changes to Commitments. With effect from and including the date this Amendment and Restatement becomes effective in accordance with Section 8, the Commitment of each Bank (including each Swingline Lender in its capacity as such) under the Short-Term Agreement shall be the amount set forth opposite the name of such Bank on the signature pages hereof. Each Bank that has a Commitment under the Short-Term Agreement as a result of this Amendment and Restatement but that was not a party to the Short-Term Agreement prior to the effectiveness of this Amendment and Restatement shall upon the effectiveness of this Amendment and Restatement, be a party to the Short-Term Agreement with all of the rights and obligations of a Bank thereunder and with the Commitment as set forth herein. The Commitment of each Bank with a Commitment under the Short-Term Agreement prior to the effectiveness of this Amendment and Restatement that will not have a Commitment under the Short-Term Agreement after the effectiveness of this Amendment and Restatement shall terminate upon the effectiveness of this Amendment and Restatement, and such Bank shall no longer be a party to the Short-Term Agreement.
Changes to Commitments. So long as the Borrower has not reduced the Commitments, the Borrower may request that the Commitments be increased to $350,000,000 (the "Maximum Commitment"). If the Borrower requests that the total Commitments from the Banks then parties to this Agreement be increased, the Administrative Agent shall promptly give notice of such request (the "Commitment Increase Notice") to each Bank. Within five Business Days of its receipt of a Commitment Increase Notice from the Administrative Agent, each Bank that desires to increase its Commitment in response to such request (each such Bank, a "Consenting Bank") shall deliver notice to the Administrative Agent of its election to increase its Commitment and the maximum amount of such increase to its Commitment (for each Consenting Bank, its "Additional Commitment"), which may not be larger than the excess of (a) the Maximum Commitment, over (b) the Commitments then in effect. The failure of any Bank to so notify the Administrative Agent of its election and its Additional Commitment, if any, shall be deemed to be a refusal to increase its Commitment. If the sum of the Commitments then in effect plus the aggregate Additional Commitments does not exceed
Changes to Commitments. With effect from and including the Amendment Effective Date, certain Banks shall increase their Commitments and/or assume Commitments from other Banks, and certain Banks shall assign their Commitments to other Banks, so that after giving effect to such increases and such assignments and assumptions, the Commitment of each Bank shall be the amount set forth opposite the name of such Bank in Schedule A attached hereto.
Changes to Commitments
