Increase in the Aggregate Commitment Sample Clauses
The "Increase in the Aggregate Commitment" clause allows the total amount of credit or loans available under an agreement to be increased beyond the original commitment. In practice, this clause sets out the conditions and procedures under which the borrower can request additional funds, such as obtaining consent from existing lenders or bringing in new lenders to provide the extra commitment. Its core function is to provide flexibility for the borrower to access more financing as needed, while ensuring that all parties agree to the revised terms and that the process for increasing the commitment is clearly defined.
Increase in the Aggregate Commitment. (a) The Company may at any time, by notice to the Agent, propose that the Aggregate Commitment be increased (the amount of such increase being a "Commitment Increase"), effective as at a date prior to the Termination Date (an "Increase Date") as to which agreement is to be reached by an earlier date specified in such notice (a "Commitment Date"); provided, however, that (A) the Company may not propose more than two Commitment Increases in any calendar year, (B) the minimum proposed Commitment Increase per notice shall be $10,000,000, (C) in no event shall the Aggregate Commitment at any time exceed $800,000,000, and (D) no Default or Unmatured Default shall have occurred and be continuing on such Increase Date. The Agent shall notify the Lenders thereof promptly upon its receipt of any such notice. The Agent agrees that it will cooperate with the Company in discussions with the Lenders and other Eligible Banks with a view to arranging the proposed Commitment Increase through the increase of the Commitments of, first, one or more of the Lenders (each such Lender that is willing to increase its Commitment hereunder being an "Increasing Lender") and, if the existing Lenders are not willing, in the aggregate, to increase their Commitments by the amount of the requested Commitment Increase, then by the addition of one or more other Eligible Banks (each an "Assuming Lender"), with the consent of the Agent (which consent shall not be unreasonably withheld), as Lenders and as parties to this Agreement; provided, however, that it shall be in each Lender's sole discretion whether to increase its Commitment hereunder in connection with the proposed Commitment Increase; and provided further that the minimum Commitment of each Assuming Lender that becomes a party to this Agreement pursuant to this Section 2.5.11(ii) shall be at least equal to $10,000,000. If the Increasing Lenders agree to increase their respective Commitments by an aggregate amount in excess of the proposed Commitment Increase, the proposed Commitment Increase shall be allocated among such Increasing Lenders in proportion to their respective Commitments immediately prior to the Increase Date. If agreement is reached on or prior to the applicable Commitment Date with any Increasing Lenders and Assuming Lenders as to a Commitment Increase (which may be less than but not greater than specified in the applicable notice from the Company), such agreement to be evidenced by a notice in reasonable detail from...
Increase in the Aggregate Commitment. Notwithstanding anything to the contrary contained in the Credit Agreement, effective as of the Fourth Amendment Effective Date, the Aggregate Commitment shall be $1,000,000,000, and Schedule 2.01 of the Credit Agreement shall be and it hereby is amended and replaced in its entirety with Schedule 2.01 attached hereto.
Increase in the Aggregate Commitment. (a) The Company may, at any time prior to the date that is 60 days after the Effective Date, by notice to the Agent, request that the aggregate amount of the Commitments be increased by an amount of $25,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date prior to the Termination Date (the “Increase Date”) as specified in the related notice to the Agent; provided, however that (i) in no event shall the aggregate amount of the Commitment Increases at any time exceed $150,000,000 and (ii) on the date of any request by the Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III shall be satisfied.
Increase in the Aggregate Commitment. Notwithstanding anything to the contrary in Section 2.03 of the Credit Agreement, effective as of the Second Amendment Effective Date, the Aggregate Commitment shall be $900,000,000, and Schedule 2.01 of the Credit Agreement shall be and it hereby is amended and replaced in its entirety with Schedule 2.01 attached hereto.
Increase in the Aggregate Commitment. On the date this Amendment becomes effective, JPMorgan Chase Bank, N.A., in its capacity as a Lender under the Credit Agreement, hereby agrees to increase its Commitment under the Credit Agreement to the amount set forth opposite its name on Schedule 1.01 of this Amendment; provided that upon such increase in the Aggregate Commitment, the outstanding Credit Exposure of each of the Lenders shall be reallocated such that each of the Lenders shall have the appropriate portion of the Aggregate Credit Exposure (based in each case on such Lender's Applicable Percentage set forth on Schedule 1.01 of this Amendment). To the extent requested by any Lender in accordance with Section 2.16 of the Credit Agreement, the Borrowers hereby agree to pay to such Lender, within the time period prescribed by Section 2.16 of the Credit Agreement, any amounts required to be paid by the Borrowers under Section 2.16 of the Credit Agreement as a result of such reallocation.
Increase in the Aggregate Commitment. Notwithstanding anything to the contrary contained in the Credit Agreement and any other Loan Document, effective as of the Sixth Amendment Effective Date, the Aggregate Commitment shall be $1,250,000,000, and Schedule 2.01 of the Credit Agreement shall be and it hereby is amended and replaced in its entirety with Schedule 2.01 attached hereto.
Increase in the Aggregate Commitment. Subject to the satisfaction of each of the conditions set forth in Section 3 of this Agreement and immediately after giving effect to the provisions of Section 1 of this Agreement, the parties hereto agree as follows notwithstanding anything in Section 2.15 of the Credit Agreement to the contrary:
(a) The Aggregate Commitment is increased by $150,000,000 from $400,000,000 to $550,000,000 and, subject to the terms and conditions of this Agreement, such increase shall be deemed to have been effected in compliance with Section 2.