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 one time a year, by notice to the Administrative Agent, request that the aggregate amount of the Revolving Credit 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 that is at least 90 days prior to the Termination 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 Revolving Credit Commitments at any time exceed $3,250,000,000 and (ii) on the related Increase Date, the applicable conditions set forth in Article III shall be satisfied. The Company may simultaneously (x) request one or more of the Lenders to increase the amount of its Revolving Credit Commitment and/or (y) arrange for one or more banks or financial institutions not a party hereto to become parties to and Lenders under this Agreement, pursuant to the terms and conditions set forth below.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Company Borrower may, at any time but in any event not more than one time a year, by notice to the Administrative Agent, request that the aggregate amount of the Revolving Credit 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 that is at least 90 days prior to the Termination 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 Revolving Credit Commitments at any time exceed $3,250,000,000 2,750,000,000 and (ii) on the related Increase Date, the applicable conditions set forth in Article III shall be satisfied. The Company Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its Revolving Credit Commitment and/or (y) arrange for one or more banks or financial institutions not a party hereto to become parties to and Lenders under this Agreement, pursuant to the terms and conditions set forth below.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

Increase in the Aggregate Revolving Credit Commitments. (a) The Company Borrower may, at any time but in any event not more than one time a yearprior to the Maturity Date, by notice to the Administrative Agent, request that the aggregate amount of the Revolving Credit Commitments Commitment be increased by an amount of up to $25,000,000 or an integral multiple thereof 250,000,000 (each a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the Termination scheduled Maturity 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 Revolving Credit Commitments at any time exceed $3,250,000,000 500,000,000 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 Section 4.02 shall be satisfied. The Company Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its Revolving Credit Commitment and/or (y) arrange for one or more banks or financial institutions not a party hereto to become parties to and Lenders under this Agreement, pursuant to the terms and conditions set forth below.

Appears in 1 contract

Samples: Credit Agreement (Aspen Technology Inc /De/)

Increase in the Aggregate Revolving Credit Commitments. (a) The Company Borrower may, at any time but in any event not more than one time a year, by notice to the Administrative Agent, request that the aggregate amount of the Revolving Credit 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 that is at least 90 days prior to the Termination 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 Revolving Credit Commitments at any time exceed $3,250,000,000 2,000,000,000 and (ii) on the related Increase Date, the applicable conditions set forth in Article III shall be satisfied. The Company Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its Revolving Credit Commitment and/or (y) arrange for one or more banks or financial institutions not a party hereto to become parties to and Lenders under this Agreement, pursuant to the terms and conditions set forth below.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Company Borrower may, at any time but in any event not more than one time a year, by notice to the Administrative Agent, request that the aggregate amount of the Revolving Credit 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 that is at least 90 days prior to the Termination 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 Revolving Credit Commitments at any time exceed $3,250,000,000 and (ii) on the related Increase Date, the applicable conditions set forth in Article III shall be satisfied. The Company Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its Revolving Credit Commitment and/or (y) arrange for one or more banks or financial institutions not a party hereto to become parties to and Lenders under this Agreement, pursuant to the terms and conditions set forth below.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

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