Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided that (i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and (ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 4 contracts
Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,00025,000,000, up to a maximum aggregate of Commitments of $3,300,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,0004,666,666,666, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,0004,170,000,000, provided that, in addition to the requirements specified in Section 2.19(b2.20(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x Moody’s and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent and each Issuing Bank (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right right, once a year, to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,00050,000,000, up to a maximum aggregate of Commitments of $3,300,000,0002,000,000,000, provided that, in addition to the requirements specified in Section 2.19(b2.20(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch S&P are better than or equal to BBB-, Baa3 A3 and BBB-A-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided thatincreases to
(i) such selected Lender(s) the Lenders, and such New Lender(s) each Lender shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the proposed increase (the “Proposed Increased Commitment”), allocations to be based on the ratio of each Lender’s Proposed Increased Commitment, allocations if any, to be at the sole discretion aggregate of the Companyall Proposed Increased Commitments, and
(ii) third party financial institutions acceptable to the Agent and each Issuing Bank, provided that the minimum commitment of each New Lender such institution equals or exceeds $25,000,00050,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Boeing Capital Corp), Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,0004,166,666,667, provided that, in addition to the requirements specified in Section 2.19(b2.20(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent and each Issuing Bank (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,0002,000,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x Moody’s and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 1 contract
Samples: Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,0004,670,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 1 contract
Samples: Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right right, once a year, to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,00050,000,000, up to a maximum aggregate of Commitments of $3,300,000,000900,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s 's long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x Xxxxx'x and Fitch S&P are better than or equal to BBB-, Baa3 A3 and BBB-A-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided thatincreases to
(i) such selected Lender(s) the Lenders, and such New Lender(s) each Lender shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the proposed increase (the "Proposed Increased Commitment"), allocations to be based on the ratio of each Lender's Proposed Increased Commitment, allocations if any, to be at the sole discretion aggregate of the Companyall Proposed Increased Commitments, and
(ii) third party financial institutions acceptable to the Agent, provided that the minimum commitment of each New Lender such institution equals or exceeds $25,000,00050,000,000.
Appears in 1 contract
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,0008,000,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x Moody’s and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 1 contract
Samples: Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,00025,000,000, up to a maximum aggregate of Commitments of $3,300,000,000, provided that, in addition to the requirements specified in Section 2.19(b2.20(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent and each Issuing Bank (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 1 contract
Samples: Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,000, up to a maximum aggregate of Commitments of $3,300,000,0004,166,666,667, provided that, in addition to the requirements specified in Section 2.19(b2.20(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x Moody’s and Fitch are better than or equal to BBB-, Baa3 and BBB-, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent and each Issuing Bank (“New Lenders”) as the Company may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 1 contract
Samples: Credit Agreement (Boeing Co)
Increase Total Commitment. The Company has the right right, twice a year, to increase the total of the Commitments through a Request for Alteration, in minimum increments of $5,000,00025,000,000, up to a maximum aggregate of Commitments of $3,300,000,0003,000,000,000, provided that, in addition to the Five-Year Credit Agreement 31 requirements specified in Section 2.19(b2.20(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and Fitch S&P are better than or equal to BBB-, Baa3 Baa1 and BBB-BBB+, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent and each Issuing Bank (“New Lenders”) as the Company Borrower may select, provided that
(i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and
(ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.
Appears in 1 contract
Samples: Credit Agreement (Boeing Co)