Voluntary Increase to the Aggregate Commitments Clause Samples

Voluntary Increase to the Aggregate Commitments. (a) Provided that no Default or Event of Default then exists, Parent and the Borrowers 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 Commitments to an aggregate amount not to exceed $5,000,000,000 (the amount of any such increase of the Aggregate Commitments being referred to as the “Increased Commitment”) by the addition of Commitments from willing Lenders or Eligible Assignees. No Lender shall be obligated to agree to an increase in its Commitment. (b) In connection with any such proposal, Parent and the Borrowers may designate either any of the existing Lenders or Persons which qualify as Eligible Assignees (which may be, but need not be, existing Lenders) which agree to: (i) in the case of any such Person that is an existing Lender, increase its Commitment; and (ii) in the case of any other such Person (an “Additional Lender”), become a party to this Agreement and assume new Commitments. (c) An increase in the aggregate amount of the Aggregate Commitments pursuant to this Section 2.6 shall become effective upon the receipt by the Administrative Agent of an agreement in form and substance satisfactory to the Administrative Agent signed by the Parent and the Borrowers, 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, together with such evidence of appropriate corporate authorization on the part of Parent and the Borrowers and the Additional Lenders with respect to the Increased Commitment as the Administrative Agent may reasonably request.