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 $2,000,000,000, 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 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 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.

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 $2,000,000,0002,500,000,000, 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 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 Borrower 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.

Increase Total Commitment. The Company has the right, twice at any time and from time to time but prior to the initial Termination Date (andApril 6, if the Termination Date is extended pursuant to Section 2.21, twice following such extension)2020, to increase the total of the Commitments through a Request for Alteration, in minimum increments amount of $25,000,000325,000,000, up to a maximum aggregate increase of Commitments of $2,000,000,0001,500,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBCthe Company shall deliver a certificate confirming that (x) the Company’s long-term senior unsecured non-credit-enhanced debt ratings from any two of S&P, Xxxxx’x and S&P Fitch are better than or equal to Baa1 BBB-, Baa3 and BBB+BBB-, respectively, (y) the representations and warranties contained in subsections (a) through (i) of Section 3.1 are true and accurate on and as of each such date as though made on and as of each such date (except to the extent that such representations and warranties relate solely to an earlier date); and (z) no Default has occurred and is continuing. 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 Borrower 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 by 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 $25,000,000325,000,000.

Increase Total Commitment. The Company Borrower 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), right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,0005,000,000, up to a maximum aggregate of Commitments of $2,000,000,0006,000,000,000, 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 S&P Fitch are better than or equal to Baa1 BBB-, Baa3 and BBB+BBB-, respectively. The Company Borrower 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 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 CompanyBorrower, and (ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.

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), right to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,0005,000,000, up to a maximum aggregate of Commitments of $2,000,000,0005,000,000,000, 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 Xxxxx’x any two of S&P, Moody’s and S&P Fitch are better than or equal to Baa1 BBB-, Baa3 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 Borrower 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 Five-Year Credit Agreement 31 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.

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 $2,000,000,0003,000,000,000, 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 Mxxxx’x and S&P are better than or equal to Baa1 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 Borrower 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.