Common use of Increase in the Aggregate Commitments Clause in Contracts

Increase in the Aggregate Commitments. (a) The Guarantor may, at any time but in any event not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments be increased by an amount of $10,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 and (ii) on the date of any request by the Guarantor for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III shall be satisfied.

Appears in 2 contracts

Samples: Day Credit Agreement (Omnicom Group Inc), Credit Agreement (Omnicom Group Inc)

AutoNDA by SimpleDocs

Increase in the Aggregate Commitments. (a) The Guarantor Company may, at any time but in any event not more than once twice in any calendar year prior to the latest Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount in minimum increments of $10,000,000 or an integral multiple thereof 25,000,000 (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the latest scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 1,250,000,000 and (ii) on the date of any request by the Guarantor Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III Section 3.03 shall be satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Corning Inc /Ny), Credit Agreement (Corning Inc /Ny)

Increase in the Aggregate Commitments. (a) The Guarantor Borrower may, at any time but in any event not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount integral multiples of $10,000,000 or an integral multiple in excess thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 300,000,000 and (ii) on the date of any request by the Guarantor Borrower for a Commitment Increase and on the related Increase Date Date, the applicable conditions set forth in Article III shall be satisfied.

Appears in 2 contracts

Samples: Day Credit Agreement (Applied Materials Inc /De), Day Credit Agreement (Applied Materials Inc /De)

Increase in the Aggregate Commitments. (a) The Guarantor Company may, at any time but in any event not more than once twice in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 750,000,000 and (ii) on the date of any request by the Guarantor Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III Section 3.03 shall be satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Chemtura CORP), Credit Agreement (Chemtura CORP)

Increase in the Aggregate Commitments. (a) The Guarantor may, at any time but in any event not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments be increased by an amount of $10,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 1,000,000,000 and (ii) on the date of any request by the Guarantor for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III shall be satisfied.

Appears in 2 contracts

Samples: Year Credit Agreement (Omnicom Group Inc), Execution (Omnicom Group Inc)

Increase in the Aggregate Commitments. (a) The Guarantor Company may, at any time prior to the Termination Date but in any event not more than once twice in any calendar year prior to the Termination Datetwelve month period, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount of $10,000,000 25,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 500,000,000 and (ii) on the date of any request by the Guarantor Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III Section 3.03 shall be satisfied.

Appears in 1 contract

Samples: Five Year Credit Agreement (Sealed Air Corp/De)

Increase in the Aggregate Commitments. (a) The Guarantor Borrower may, at any time but in any event not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 1,500,000,000 and (ii) on the date of any request by the Guarantor Borrower for a Commitment Increase and on the related Increase Date Date, the applicable conditions set forth in Article III shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Applied Materials Inc /De)

Increase in the Aggregate Commitments. (a) The Guarantor Borrower may, at any time but in any event not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments be increased by an amount of $10,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 1,100,000,000 and (ii) on the date of any request by the Guarantor Borrower for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Monsanto Co /New/)

AutoNDA by SimpleDocs

Increase in the Aggregate Commitments. (a) The Guarantor Company may, at any time but in any event not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount of $10,000,000 25,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 750,000,000 and (ii) on the date of any request by the Guarantor Company for a Commitment Increase and on the related Increase Date Date, the applicable conditions set forth in Article III shall be satisfied.

Appears in 1 contract

Samples: Five Year Credit Agreement (Rohm & Haas Co)

Increase in the Aggregate Commitments. (a) The Guarantor Company may, at any time but in any event not more than once in any calendar year prior to the latest Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 500,000,000 and (ii) on the date of any request by the Guarantor Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III Section 3.02 shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Cooper Industries PLC)

Increase in the Aggregate Commitments. (a) The Guarantor Company may, at any time but in any event not more than once in any calendar year prior to the latest Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 700,000,000 and (ii) on the date of any request by the Guarantor Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III Section 3.02 shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Cooper Industries PLC)

Increase in the Aggregate Commitments. (a) The Guarantor Company may, at any time but in any event not more than once twice in any calendar year prior to the latest Termination Date, by notice to the Agent, request that the aggregate amount of the Commitments Commitment be increased by an amount in minimum increments of $10,000,000 or an integral multiple thereof 25,000,000 (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the latest scheduled Termination Date then in effect (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 Commitments at any time exceed $1,800,000,000 2,500,000,000 and (ii) on the date of any request by the Guarantor Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article III Section 3.03 shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Corning Inc /Ny)

Time is Money Join Law Insider Premium to draft better contracts faster.