Common use of Increase in the Aggregate Revolving Credit Commitments Clause in Contracts

Increase in the Aggregate Revolving Credit Commitments. (a) The Company may, at any time but in any event not more than once in any calendar year prior to the latest Termination Date with respect to a Revolving Credit Facility, by notice to the Agent, request that the aggregate amount of the Commitments under such Revolving Credit Facility be increased by an amount of not less than $10,000,000 (each a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the latest scheduled Termination Date with respect to such Revolving Credit Facility (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 $500,000,000 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.

Appears in 1 contract

Samples: Credit Agreement (Jabil Inc)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Company Subject to Section 2.19(e), the Borrower may, at any time but in any event not more than once in any calendar year and from time to time at least 90 days prior to the latest Stated Termination Date with respect to a Revolving Credit Facilityfor any Bank, by notice to the Agent, request that the aggregate amount of the Commitments under such Revolving Credit Facility Commitments be increased by an a minimum amount of not less than $10,000,000 25,000,000 or an integral multiple of $5,000,000 in excess thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the latest scheduled Stated Termination Date with respect to such Revolving Credit Facility for any Bank (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 all increases effected pursuant to this Section 2.19 exceed $500,000,000 and (ii) on the date of any request by the Company 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 (Halliburton Co)

Increase in the Aggregate Revolving Credit Commitments. (a) The Company may, at any time but in any event not more than once in any calendar year prior to the latest Termination Date with respect to a Revolving Credit Facility, by notice to the Agent, request that the aggregate amount of the Commitments under such Revolving Credit Facility be increased by an amount of not less than $10,000,000 50,000,000 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 latest scheduled Termination Date with respect to such Revolving Credit Facility (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 $500,000,000 1,000,000,000 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.. Jabil Credit Agreement 34

Appears in 1 contract

Samples: Credit Agreement (Jabil Inc)

Increase in the Aggregate Revolving Credit Commitments. (a) The Company may, at any time but in any event not more than once in any calendar year prior to the latest Termination Date with respect to a Revolving Credit FacilityDate, by notice to the Agent, request that the aggregate amount of the Commitments under such Revolving Credit Facility Commitments be increased by an amount of not less than $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 latest scheduled Termination Date with respect to such Revolving Credit Facility 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 Commitment Increases Revolving Credit Commitments at any time exceed be increased by more than $500,000,000 150,000,000 above the aggregate amount of the initial Revolving Credit Commitments 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.

Appears in 1 contract

Samples: Year Credit Agreement (Interpublic Group of Companies, Inc.)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Company may, at any time but in any event not more than once in any calendar year prior to the latest Termination Date with respect to a Revolving Credit FacilityDate, by notice to the Agent, request that the aggregate amount of the Commitments under such Revolving Credit Facility Commitments be increased by an amount of not less than $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 latest scheduled Termination Date with respect to such Revolving Credit Facility 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 Commitment Increases Revolving Credit Commitments at any time exceed be increased by more than $500,000,000 150,000,000 above the aggregate amount of the Revolving Credit Commitments as of the Restatement Date 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.

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies, Inc.)

Increase in the Aggregate Revolving Credit Commitments. (a) The Company Subject to Section 2.19(e), the Borrower may, at any time but in any event not more than once in any calendar year and from time to time prior to the latest Termination Date with respect to a Revolving Credit Facilityfor any Bank, by notice to the Agent, request that the aggregate amount of the Commitments under such Revolving Credit Facility Commitments be increased by an amount of not less than $50,000,000 or an integral multiple of $10,000,000 in excess thereof (each a "Commitment Increase") to be effective as of a date that is at least 90 days prior to the latest scheduled Stated Termination Date with respect to such Revolving Credit Facility for any Bank (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 all increases effected pursuant to this Section 2.19 exceed $500,000,000 300,000,000 and (ii) on the date of any request by the Company 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: Revolving Credit Agreement (Halliburton Co)

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