Common use of Increase in Revolving Credit Loan Commitments Clause in Contracts

Increase in Revolving Credit Loan Commitments. (a) The Borrower may, at any time and from time to time prior to the Revolving Credit Loan Termination Date, by notice to the Agent, request one or more increases in the Revolving Credit Loan Commitments existing at the time of such request (each, a “Revolving Credit Loan Commitment Increase”), to be effective as of a date that is at least 90 days prior to Revolving Credit Loan Termination Date (each, a “Revolving Credit Increase Date”) as specified in the related notice to the Agent; provided, however, that (i) in no event after giving effect to such Revolving Credit Loan Commitment Increase shall the Total Bank Exposure exceed $1,400,000,000 and (ii) on the date of any request by the Borrower for a Revolving Credit Loan Commitment Increase and on the related Revolving Credit Increase Date, the applicable conditions set forth in Section 3.02 and in clause (d) of this Section 2.18 shall be satisfied, provided that no Bank shall have any obligation to participate in any Revolving Credit Loan Commitment Increase.

Appears in 3 contracts

Samples: Credit and Reimbursement Agreement (Aes Corp), Reimbursement Agreement (Aes Corp), Reimbursement Agreement (Aes Corp)

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Increase in Revolving Credit Loan Commitments. (a) The Borrower may, at any time and from time to time prior to the Revolving Credit Loan Termination Date, by notice to the Agent, request one or more increases in the Revolving Credit Loan Commitments existing at the time of such request (each, a “Revolving Credit Loan Commitment Increase”), to be effective as of a date that is at least 90 days prior to Revolving Credit Loan Termination Date (each, a “Revolving Credit Increase Date”) as specified in the related notice to the Agent; provided, however, that (i) in no event after giving effect to such Revolving Credit Loan Commitment Increase shall the Total Bank Exposure exceed $1,400,000,000 and 1,400,000,000, (ii) on the date of any request by the Borrower for a Revolving Credit Loan Commitment Increase and on the related Revolving Credit Increase Date, the applicable conditions set forth in Section ‎Section 3.02 and in clause (d‎(d) of this Section ‎Section 2.18 shall be satisfiedsatisfied and (iii) for the avoidance of doubt, provided in connection with any such Revolving Credit Loan Commitment Increase, the Green Revolving Credit Loan Sublimit shall also be increased on a dollar-for-dollar basis on the applicable Revolving Credit Increase Date; provided, further, that no Bank shall have any obligation to participate in any Revolving Credit Loan Commitment Increase.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Aes Corp)

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