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

Increase in the Aggregate Revolving Credit Commitments. (a) The Borrower may, at any time prior to the final Termination Date, by notice to the Designated Agent, request that the aggregate amount of the Revolving Credit Commitment 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 scheduled final Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Designated Agent; provided, however that (i) in no event shall the aggregate amount of the Revolving Credit Commitments at any time exceed $2,000,000,000 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. The Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its 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 (Twenty-First Century Fox, Inc.)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Borrower may, at any time but in any event not more than five (5) times prior to the final Termination Date, by notice to the Designated Agent, request that the aggregate amount of the Revolving Credit Commitment 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 scheduled final Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Designated Agent; provided, however that (i) in no event shall the aggregate amount of the Revolving Credit Commitments at any time exceed $2,000,000,000 2,500,000,000 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. The Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its 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 (News Corp)

Increase in the Aggregate Revolving Credit Commitments. (a) The Borrower may, at any time prior to the final Termination Date, by notice to the Designated Administrative Agent, request that the aggregate amount of the Revolving Credit Commitment be increased by an amount of $25,000,000 25.0 million or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least 90 ninety (90) days prior to the scheduled final Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Designated Administrative Agent; provided, however however, that (i) in no event shall the aggregate amount of the Revolving Credit Commitments at any time exceed $2,000,000,000 1.5 billion 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. The Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its 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 (Twenty-First Century Fox, Inc.)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Borrower may, at any time prior to the final Termination Date, by notice to the Designated Agent, request that the aggregate amount of the Revolving Credit Commitment be increased by an amount of $25,000,000 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 final Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Designated Agent; provided, however however, that (i) in no event shall the aggregate amount of the Revolving Credit Commitments at any time exceed $2,000,000,000 900,000,000 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. The Borrower may simultaneously (x) request one or more of the Lenders to increase the amount of its 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 (News Corp)

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