Common use of Increase Total Commitment Clause in Contracts

Increase Total Commitment. The Company has the right, twice a year, 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 $3,000,000,000, provided that, in addition to the Five-Year Credit Agreement 31 requirements specified in Section 2.20(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 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, the Company and each Issuing Bank, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.

Increase Total Commitment. The Company has the right, twice a year, 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 $3,000,000,0002,500,000,000, provided that, in addition to the Five-Year Credit Agreement 31 requirements specified in Section 2.20(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 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, the Company and each Issuing Bank, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.