Common use of Increase Total Commitment Clause in Contracts

Increase Total Commitment. The Company has the right, twice prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,000, up to a maximum aggregate of Commitments of $2,500,000,000, 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 Xxxxx’x and S&P are better than or equal to Baa1 and BBB+, respectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase 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 at the sole discretion of the Company, and (ii) third party financial institutions reasonably acceptable to the Agent and the Company, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Capital Corp)

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Increase Total Commitment. The Company has the right, twice once prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice once following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,00050,000,000, up to a maximum aggregate of Commitments of $2,500,000,0003,000,000,000, 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 Xxxxx’x and S&P are better than or equal to Baa1 A3 and BBB+A-, respectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase 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 at based on the sole discretion ratio of each Lender’s Proposed Increased Commitment, if any, to the Companyaggregate of all Proposed Increased Commitments, and (ii) third party financial institutions reasonably acceptable to the Agent and the CompanyAgent, provided that the minimum commitment of each such institution equals or exceeds $25,000,00050,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Capital Corp)

Increase Total Commitment. The Company has the right, twice prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,000, up to a maximum aggregate of Commitments of $2,500,000,0002,000,000,000, 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 Xxxxx’x and S&P are better than or equal to Baa1 and BBB+, respectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase 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 at the sole discretion of the Company, and (ii) third party financial institutions reasonably acceptable to the Agent and the Company, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Capital Corp)

Increase Total Commitment. The Company has the right, twice once prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice once following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,000, up to a maximum aggregate of Commitments of $2,500,000,0003,000,000,000, 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 Xxxxx’x and S&P are better than or equal to Baa1 A3 and BBB+A-, respectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase 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 at based on the sole discretion ratio of each Lender’s Proposed Increased Commitment, if any, to the Companyaggregate of all Proposed Increased Commitments, and (ii) third party financial institutions reasonably acceptable to the Agent and the CompanyAgent, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.

Appears in 1 contract

Samples: Credit Agreement (Boeing Co)

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Increase Total Commitment. The Company has the right, twice once prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice once following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,000, up to a maximum aggregate of Commitments of $2,500,000,0003,000,000,000, 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-credit- enhanced debt ratings from Xxxxx’x and S&P are better than or equal to Baa1 A3 and BBB+A-, respectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase 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 at based on the sole discretion ratio of each Lender’s Proposed Increased Commitment, if any, to the Companyaggregate of all Proposed Increased Commitments, and (ii) third party financial institutions reasonably acceptable to the Agent and the CompanyAgent, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.

Appears in 1 contract

Samples: Credit Agreement (Boeing Capital Corp)

Increase Total Commitment. The Company has the right, twice once prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice once following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,00050,000,000, up to a maximum aggregate of Commitments of $2,500,000,0003,200,000,000, 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 Xxxxx’x Moody's and S&P are better than or equal to Baa1 and BBB+A3 anx X-, respectivelyxespectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase 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 at based on the sole discretion ratio of each Lender's Proposed Increased Commitment, if any, to the Companyaggregate of all Proposed Increased Commitments, and (ii) third party financial institutions reasonably acceptable to the Agent and the CompanyAgent, provided that the minimum commitment of each such institution equals or exceeds $25,000,00050,000,000.

Appears in 1 contract

Samples: Credit Agreement (Boeing Capital Corp)

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