Common use of Increase in the Aggregate Commitments Clause in Contracts

Increase in the Aggregate Commitments. (a) The Borrower may, at any time after termination of the Delayed Draw Period, by written notice to the Administrative Agent, request an increase in the aggregate amount of the Commitments by not less than $25,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the Maturity Date (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) in no event shall the aggregate amount of the Facility at any time exceed $250,000,000 and (ii) on the date of any request by the Borrower for a Commitment Increase and on the related Increase Date, the applicable conditions set forth in Article III shall be satisfied.

Appears in 4 contracts

Samples: Term Loan Agreement (Easterly Government Properties, Inc.), Term Loan Agreement (Easterly Government Properties, Inc.), Term Loan Agreement (Easterly Government Properties, Inc.)

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Increase in the Aggregate Commitments. (a) The Borrower may, at any time after termination of the Delayed Draw Periodbut in any event on not more than three occasions, by written notice to the Administrative Agent, request an increase in that the aggregate amount of the Commitments Commitment be increased by not less than an amount of $25,000,000 or an integral multiple thereof (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the Maturity latest Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, however that (i) in no event shall the aggregate amount of the Facility Commitments at any time exceed $250,000,000 1,500,000,000 and (ii) on the date of any request by the Borrower 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 3 contracts

Samples: Five Year Credit Agreement (United Parcel Service Inc), Year Credit Agreement (United Parcel Service Inc), Five Year Credit Agreement (United Parcel Service Inc)

Increase in the Aggregate Commitments. (a) The Borrower may, at any time after termination of the Delayed Draw Period, may by written notice to the Administrative Agent, request an increase in that the aggregate amount of the Commitments Commitment be increased by not less than an amount of $25,000,000 10,000,000 or an integral multiple thereof (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 30 days prior to the Maturity scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, however that (i) in no event shall the aggregate amount of the Facility Commitments at any time exceed $250,000,000 500,000,000 and (ii) on the date of any request by the Borrower 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: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Utilities Inc)

Increase in the Aggregate Commitments. (a) The Borrower may, at any time after termination of the Delayed Draw Period, may by written notice to the Administrative Agent, request an increase in that the aggregate amount of the Commitments Commitment be increased by not less than an amount of $25,000,000 10,000,000 or an integral multiple thereof (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 30 days prior to the Maturity scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, however that (i) in no event shall the aggregate amount of the Facility Commitments at any time exceed $250,000,000 450,000,000 and (ii) on the date of any request by the Borrower 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: Credit Agreement, Credit Agreement (Ugi Utilities Inc)

Increase in the Aggregate Commitments. (a) The Borrower may, at any time after termination of the Delayed Draw Periodbut in any event on not more than three occasions, by written notice to the Administrative Agent, request an increase in that the aggregate amount of the Commitments Commitment be increased by not less than an amount of $25,000,000 or an integral multiple thereof (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the Maturity latest Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, however that (i) in no event shall the aggregate amount of the Facility Commitments at any time exceed $250,000,000 4,500,000,000 and (ii) on the date of any request by the Borrower 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: Five Year Credit Agreement (United Parcel Service Inc)

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Increase in the Aggregate Commitments. (a) The Borrower may, at any time after termination of the Delayed Draw Period, by written notice to the Administrative Agent, request an increase in the aggregate amount of the Revolving Credit Commitments by not less than $25,000,000 5,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the Maturity scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) in no event shall the aggregate amount of the Facility Commitments at any time exceed $250,000,000 350,000,000 and (ii) on the date of any request by the Borrower for a Commitment Increase and on the related Increase Date, the applicable conditions set forth in Article III Sections 3.01(a)(i) and 3.02 shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Digital Realty Trust, Inc.)

Increase in the Aggregate Commitments. (a) . (a) The Borrower may, at any time after termination of the Delayed Draw Period, by written notice to the Administrative Agent, request an increase in the aggregate amount of the Commitments by not less than $25,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the Maturity Date (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) in no event shall the aggregate amount of the Facility at any time exceed $250,000,000 and (ii) on the date of any request by the 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: Term Loan Agreement (Easterly Government Properties, Inc.)

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