Common use of Commitment Increase Clause in Contracts

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned), to cause from time to time and at any time an increase in the Commitments of the Banks (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank hereunder (each a “CI Bank”) or by allowing one or more existing Banks to increase their respective Commitments; provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount to exceed $3,000,000,000, (iii) no Bank’s Commitment shall be increased without such Bank’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion), and (iv) if, on the effective date of such increase, any Advances have been made, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding Advances.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Eog Resources Inc), Revolving Credit Agreement (Eog Resources Inc)

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Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned), to cause from time to time and at any time an increase in the Commitments of the Banks (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank hereunder (each a “CI Bank”) or by allowing one or more existing Banks to increase their respective Commitments; provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Committed Amount to exceed $3,000,000,000, (iii) no Bank’s Commitment shall be increased without such Bank’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion), and (iv) if, on the effective date of such increase, any Term Benchmark Advances have been made, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding Term Benchmark Advances.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eog Resources Inc)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed withheld or conditioneddelayed), to cause from time to time and at any time an increase in the Commitments of the Banks (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank hereunder (each a “CI Bank”) or by allowing one or more existing Banks to increase their respective Commitments; provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount to exceed $3,000,000,0001,500,000,000, (iii) no Bank’s Commitment shall be increased without such Bank’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion), and (iv) if, on the effective date of such increase, any Advances have been made, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding Advances.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eog Resources Inc)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned)Agent, to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder (each a “CI Bank”) and that is reasonably satisfactory to the Administrative Agent or by allowing one or more existing Banks Lenders to increase their respective CommitmentsCommitments (each a “CI Lender”); provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0001,750,000,000, (iii) no BankLender’s Commitment shall be increased without such BankLender’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion)consent, and (iv) if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans, and (v) each CI Lender shall execute a joinder agreement in the form of Exhibit G attached hereto (a “Joinder Agreement”).

Appears in 1 contract

Samples: Joinder Agreement (Pioneer Natural Resources Co)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned)Agent, to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder (each a “CI Bank”) and that is reasonably satisfactory to the Administrative Agent or by allowing one or more existing Banks Lenders to increase their respective CommitmentsCommitments (each a “CI Lender”); provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0001,000,000,000, (iii) no BankLender’s Commitment shall be increased without such BankLender’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion)consent, and (iv) if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans, and (v) each CI Lender shall execute a joinder agreement in the form of Exhibit E attached hereto (a “Joinder Agreement”).

Appears in 1 contract

Samples: Joinder Agreement (Pioneer Natural Resources Co)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned)Agent, to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a "Commitment Increase") by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder (each a “CI Bank”) and that is reasonably satisfactory to the Administrative Agent or by allowing one or more existing Banks Lenders to increase their respective CommitmentsCommitments (each a "CI Lender"); provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0001,800,000,000, (iii) no Bank’s Lender's Commitment shall be increased without such Bank’s Lender's prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion)consent, and (iv) EXECUTION COPY if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans, and (v) each CI Lender shall execute a joinder agreement in the form of Exhibit G attached hereto (a "Joinder Agreement").

Appears in 1 contract

Samples: Credit Agreement (Pioneer Natural Resources Co)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed withheld or conditioneddelayed), to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder and that is reasonably satisfactory to the Administrative Agent (each a “CI BankLender”) or by allowing one or more existing Banks Lenders to increase their respective Commitments; provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0001,000,000,000, (iii) no BankLender’s Commitment shall be increased without such BankLender’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion), and (iv) if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans.

Appears in 1 contract

Samples: Assignment and Assumption (Xto Energy Inc)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned)Agent, to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder (each a “CI Bank”) and that is reasonably satisfactory to the Administrative Agent or by allowing one or more existing Banks Lenders to increase their respective CommitmentsCommitments (each a “CI Lender”); provided, however that (i3) no Event of Default shall have occurred which is then continuing, (ii4) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0002,000,000,000, (iii5) no BankLender’s Commitment shall be increased without such BankLender’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion)consent, and (iv) if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans, and (v) each CI Lender shall execute a joinder agreement in the form of Exhibit G attached hereto (a “Joinder Agreement”).

Appears in 1 contract

Samples: Credit Agreement (Pioneer Natural Resources Co)

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Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned)Agent, to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder (each a “CI Bank”) and that is reasonably satisfactory to the Administrative Agent or by allowing one or more existing Banks Lenders to increase their respective CommitmentsCommitments (each a “CI Lender”); provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0002,250,000,000, (iii) no BankLender’s Commitment shall be increased without such BankLender’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion)consent, and (iv) if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans, and (v) each CI Lender shall execute a joinder agreement in the form of Exhibit E attached hereto (a “Joinder Agreement”).

Appears in 1 contract

Samples: Credit Agreement (Pioneer Natural Resources Co)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned), to cause from time to time and at any time an increase in the Commitments of the Banks (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank hereunder (each a “CI Bank”) or by allowing one or more existing Banks to increase their respective Commitments; provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Committed Amount to exceed $3,000,000,000, (iii) no Bank’s Commitment shall be increased without such Bank’s prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion), and (iv) if, on the effective date of such increase, any Eurodollar Advances have been made, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding Eurodollar Advances.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eog Resources Inc)

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed or conditioned)Agent, to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a "Commitment Increase") by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder and that is reasonably satisfactory to the Administrative Agent (each a "CI Bank”Lender") or by allowing one or more existing Banks Lenders to increase their respective Commitments; provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0001,000,000,000, (iii) no Bank’s Lender's Commitment shall be increased without such Bank’s Lender's prior written consent (which consent may be given or withheld in such Bank’s sole and absolute discretion), and (iv) if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans.

Appears in 1 contract

Samples: Pioneer Natural Resources Co

Commitment Increase. (a) Subject to the terms and conditions set forth herein, the Borrower shall have the right, without the consent of the Banks Lenders but with the prior approval of the Administrative Agent and each L/C Issuer (such approval not to be unreasonably withheld, delayed withheld or conditioneddelayed), to cause from time to time and at any time an increase in the Commitments of the Banks Lenders (a “Commitment Increase”) by adding to this Agreement one or more additional financial institutions that is not already a Bank Lender hereunder and that is reasonably satisfactory to the Administrative Agent (each a “CI BankLender”) or by allowing one or more existing Banks Lenders to increase their respective Commitments; provided, however that (i) no Event of Default shall have occurred which is then continuing, (ii) no such Commitment Increase shall cause the Total Facility Amount Commitments under this Agreement to exceed $3,000,000,0002,000,000,000, (iii) no BankLender’s Commitment shall be increased without such BankLender’s prior written consent (which consent may be given or withheld in such BankLender’s sole and absolute discretion), ) and (iv) if, on the effective date of such increase, any Advances Loans have been madefunded, then the Borrower shall be obligated to pay any breakage fees or costs in connection with the reallocation of such outstanding AdvancesLoans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Xto Energy Inc)

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