Increased Commitments; Additional Lenders. (a) From time to time the Borrower may, upon at least seven Business Days’ notice to the Administrative Agent (which shall promptly provide a copy of such notice to the Lenders), increase the aggregate amount of the Commitments by an amount not less than $25,000,000 (the amount of any such increase, the “Increased Commitments”).
(b) To effect such an increase, the Borrower may designate one or more of the existing Lenders or other financial institutions reasonably acceptable to the Administrative Agent which at the time agree to (i) in the case of any such lender that is an existing Lender, increase its Commitment and (ii) in the case of any other such lender (an “Additional Lender”), become a party to this Agreement with a Commitment of not less than $10,000,000; it being understood that no existing Lender shall have any obligation to increase its Commitment.
(c) Any increase in the Commitments pursuant to this Section 2.04 shall be subject to satisfaction of the following conditions:
(i) after giving effect to such increase, the conditions contained in Sections 4.02(a) and (b) would be satisfied with respect to a Borrowing on the date of such increase; and
(ii) after giving effect to such increase, the aggregate amount of all Commitments shall not exceed $2,000,000,000.
(d) An increase in the aggregate amount of the Commitments pursuant to this Section 2.04 shall become effective upon the receipt by the Administrative Agent of (i) an agreement in form and substance reasonably satisfactory to the Administrative Agent signed by the Obligors, by each Additional Lender and by each other Lender whose Commitment is to be increased, setting forth the new Commitments of such Lenders and setting forth the agreement of each Additional Lender to become a party to this Agreement and to be bound by all the terms and provisions hereof, (ii) such evidence of appropriate corporate authorization on the part of the Obligors with respect to the Increased Commitments and such opinions of counsel for the Obligors with respect to the Increased Commitments as the Administrative Agent may reasonably request and (iii) a certificate of a Responsible Officer of each Obligor stating that the conditions set forth in subsection (c) above have been satisfied.
(e) Upon any increase in the aggregate amount of the Commitments pursuant to this Section 2.04 at any time any Loans are outstanding, each Lender immediately prior to such increase will automatically and without further act be de...
Increased Commitments; Additional Lenders. (a) From time to time the Company may, upon at least five Domestic Business Days’ notice to the Administrative Agent (which shall promptly provide a copy of such notice to the Lenders), increase the aggregate amount of the Commitments by an amount not less than $25,000,000 (the amount of any such increase, the “Increased Commitments”).
Increased Commitments; Additional Lenders. From time to time subsequent to the Effective Date provided no Default exists, the Borrower may propose to increase the aggregate amount of the Commitments to an aggregate amount not to exceed $737,500,000 (the amount of any such increase, the “Increased Commitments”).
Increased Commitments; Additional Lenders. (i) From time to time subsequent to the Effective Date, the Borrower may, upon at least 30 days’ notice to the Administrative Agent (which shall promptly provide a copy of such notice to the Lenders), propose to increase the aggregate amount of the Commitments by an amount not to exceed $500,000,000 (the amount of any such increase, the “Increased Commitments”). Each Lender party to this Agreement at such time shall have the right (but no obligation), for a period of 15 days following receipt of such notice, to elect by notice to the Borrower and the Administrative Agent to increase its Commitment by a principal amount which bears the same ratio to the Increased Commitments as its then Commitment bears to the aggregate Commitments then existing. The failure of a Lender to respond to the Borrower’s request for an increase shall be deemed a rejection of the Borrower’s request by such Lender.
Increased Commitments; Additional Lenders. (a) No more than once per year from the Effective Date, the Borrower may, upon at least thirty (30) days notice to the Agent (which shall promptly provide a copy of such notice to the Lenders), propose to increase the aggregate amount of the Commitments in increments of $25,000,000, the total amount of all such increases not to exceed $300,000,000 (the amount of any such increase, the "Increased Commitments"); provided that at the time of and after giving effect to any increase in the Commitments (and the delivery of the applicable commitment increase notice shall constitute a representation and warranty by the Borrower that on the effective date of such increase such statements are true)
(i) the Borrower's Long-Term Debt ratings from Mxxxx'x and S&P are better than or equal to Baa2 and BBB, respectively; (ii) the representations and warranties of the Borrower contained in Article IV are correct on and as
Increased Commitments; Additional Lenders. (a) From time to time (but no more than twice per calendar year), the Borrower may, upon notice of not less than 30 days nor more than 45 days to the Administrative Agent (which shall promptly provide a copy of such notice to the Lenders), propose to increase the aggregate amount of the Commitments by an amount not less than $10,000,000 (the amount of any such increase, the "Increased Commitments"). Each Lender party to this Agreement at such time shall have the right (but no obligation), for a period of 15 days following receipt of such notice, to elect by notice to the Borrower and the Administrative Agent to increase its Commitment by a principal amount which bears the same ratio to the Increased Commitments as its then Commitment bears to the aggregate Commitments then existing. Any Lender not responding within 15 days of receipt of such notice shall be deemed to have declined to increase its Commitment.
(b) If any Lender party to this Agreement shall not elect to increase its Commitment pursuant to subsection (a) of this Section, the Borrower may, within 10 days of the Lenders' response, designate one or more of the existing Lenders
Increased Commitments; Additional Lenders. Section 2.23 of the Credit Agreement is hereby amended to read in full as follows:
Increased Commitments; Additional Lenders. 3436 Section 2.17. Defaulting Lenders 3537 Section 2.18. Inability to Determine Rates 3738 Section 3.01. Conditions to Effectiveness 3941 Section 3.02. Conditions to All Loans 4042
Increased Commitments; Additional Lenders. 6474 Section 2.16 . Letters of Credit. 6676 Section 2.17 . Evidence of Debt. 7281 Section 2.18 . Change in Control. 7282 Section 2.19 . Alternate Rate of Interest 7382 Section 2.20 . Increased Costs. 7585 Section 2.21 . Break Funding Payments. 7687 Section 2.22 . Taxes 77.. 88
Increased Commitments; Additional Lenders. Section 2.18. Currency Equivalents Section 2.19. Judgment Currency Section 3.01. Closing
