{"component": "clause", "props": {"groups": [{"snippet": "(a) Provided there exists no Default (and no Default would result therefrom), upon notice from the Administrative Borrower to the Administrative Agent (which shall promptly notify the Lenders), the Borrowers may from time to time, request a new term loan (an \u201cIncremental Term Loan\u201d) in an aggregate amount for all such Incremental Term Loans not to exceed $150,000,000; provided, however, that the Borrowers shall have delivered to the Administrative Agent a Pro Forma Compliance Certificate demonstrating that, upon giving effect on a Pro Forma Basis to such Incremental Term Loan, the Loan Parties would be in compliance with the financial covenants set forth in Section 6.10; and provided further that any Term Loan (i) shall rank pari passu in right of payment with the existing Term Loans and shall have the same benefits of any additional guaranties or collateral and (ii) shall be treated substantially the same as (and in any event no more favorably than) the existing Term Loans. The applicable Lenders shall approve the maturity, amortization, pricing, funding and other terms of such Incremental Term Loan. The aggregate amount of any Incremental Term Loan hereunder shall be in a minimum amount of $10,000,000 (and in integral multiples of $10,000,000 in excess thereof). To achieve the full amount of a requested Incremental Term Loan, the Borrowers may solicit increased commitments from existing Lenders and/or invite additional Eligible Assignees to become Lenders; provided, however, that no existing Lender shall be obligated and/or required to accept an increase in its Commitment pursuant to this Section 2.12 unless it specifically consents to such increase in writing. Any Lender or Eligible Assignee agreeing to increase its Commitment or provide a new Commitment pursuant to this Section 2.12 (an \u201cIncremental Term Loan Commitment\u201d) shall, in connection therewith, deliver to the Administrative Agent a new commitment agreement in form and substance satisfactory to the Administrative Agent and its counsel.\n(b) If the Commitments are increased in accordance with this Section, the Administrative Agent and the Borrowers shall determine the effective date (the \u201cIncremental Term Loan Effective Date\u201d) and the final allocation of such Incremental Term Loan. The Administrative Agent shall promptly notify the Administrative Borrower and the Lenders of the final allocation of such Incremental Term Loan and the Incremental Term Loan Effective Date and Schedule 2.01 hereto shall be deemed amended to reflect such increase and final allocation. As a condition precedent to such increase, in addition to any deliveries pursuant to subsection (a) above, the Borrowers shall deliver to the Administrative Agent each of the following in form and substance satisfactory to the Administrative Agent: (1) a certificate of each Loan Party dated as of the Incremental Term Loan Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) certifying that, before and after giving effect to such Incremental Term Loan, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct as of such earlier date, and except that for purposes of this Section 2.12, the representations and warranties contained in subsections (a) and (b) of Section 5.01 shall be deemed to refer to the most recent financial statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists; (2) a statement of reaffirmation from each Loan Party pursuant to which each such Loan Party ratifies this Agreement and the other Loan Documents and acknowledges and reaffirms that, after giving effect to such increase, it is bound by all terms of this Agreement and the other Loan Documents; (3) if the Incremental Term Loan is being provided by an existing Lender, and such Lender is then in possession of a Note, then a revised Note in favor of such Lender reflecting such Lender\u2019s Commitment after giving effect to such increase; (4) if the Incremental Term Loan is being provided by a new Lender, a Note in favor of such Lender if so requested by such Lender; and (5) payment of any applicable fee related to such increase (including, without limitation, any applicable arrangement, upfront and/or administrative fee).\n(c) This Section shall supersede any provisions in Sections 2.10 or 10.01 to the contrary.\n(d) The Borrowers, Guarantors, Administrative Agent and the Lenders shall enter into an amendment of this Agreement and the other Loan Documents as necessary to evidence such Incremental Term Loan or to have it be guaranteed and secured by the other Loan Documents (the \u201cIncremental Term Loan Amendment\u201d), and all Lenders not providing the Incremental Term Loan hereby consent to such limited scope amendment without future consent rights, provided that the pricing and maturity shall be determined by the Borrowers and the Lenders. Additionally, the Borrowers, Guarantors and each Lender shall execute and deliver to Administrative Agent any other documentation as the Administrative Agent shall reasonably specify to evidence, guarantee or secure such Incremental Term Loan. The Incremental Term Loan Amendment, without the consent of any other Lender, may effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, the Lenders and the Borrowers, to implement to terms of the Incremental Term Loan, including amortization, pricing, maturity, and such other technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent, the Lenders and the Borrowers in connection with the establishment of such Incremental Term Loan.", "snippet_links": [{"key": "no-default", "type": "definition", "offset": [26, 36]}, {"key": "upon-notice", "type": "clause", "offset": [78, 89]}, {"key": "the-administrative-borrower", "type": "clause", "offset": [95, 122]}, {"key": "the-administrative-agent", "type": "definition", "offset": [126, 150]}, {"key": "notify-the", "type": "clause", "offset": [173, 183]}, {"key": "the-borrowers", "type": 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"additional-guaranties", "type": "definition", "offset": [835, 856]}, {"key": "applicable-lenders", "type": "definition", "offset": [994, 1012]}, {"key": "other-terms", "type": "clause", "offset": [1076, 1087]}, {"key": "minimum-amount", "type": "definition", "offset": [1193, 1207]}, {"key": "integral-multiples", "type": "definition", "offset": [1231, 1249]}, {"key": "increased-commitments", "type": "clause", "offset": [1376, 1397]}, {"key": "existing-lenders", "type": "clause", "offset": [1403, 1419]}, {"key": "eligible-assignees", "type": "clause", "offset": [1445, 1463]}, {"key": "no-existing", "type": "clause", "offset": [1507, 1518]}, {"key": "in-writing", "type": "definition", "offset": [1680, 1690]}, {"key": "provide-a", "type": "definition", "offset": [1763, 1772]}, {"key": "incremental-term-loan-commitment", "type": "clause", "offset": [1823, 1855]}, {"key": "deliver-to", "type": "definition", "offset": [1890, 1900]}, {"key": "new-commitment-agreement", "type": "definition", "offset": [1928, 1952]}, {"key": "form-and-substance", "type": "clause", "offset": [1956, 1974]}, {"key": "the-commitments", "type": "clause", "offset": [2040, 2055]}, {"key": "in-accordance-with", "type": "definition", "offset": [2070, 2088]}, {"key": "the-effective-date", "type": "clause", "offset": [2162, 2180]}, {"key": "incremental-term-loan-effective-date", "type": "definition", "offset": [2187, 2223]}, {"key": "allocation-of", "type": "clause", "offset": [2240, 2253]}, {"key": "agent-shall", "type": "definition", "offset": [2301, 2312]}, {"key": "condition-precedent", "type": "definition", "offset": [2573, 2592]}, {"key": "in-addition-to", "type": "clause", "offset": [2611, 2625]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [2641, 2663]}, {"key": "certificate-of", "type": "definition", "offset": [2823, 2837]}, {"key": "each-loan-party", "type": "definition", "offset": [2838, 2853]}, {"key": "dated-as-of", "type": "definition", "offset": [2854, 2865]}, {"key": "sufficient-copies", "type": "definition", "offset": [2911, 2928]}, {"key": "each-lender", "type": "clause", "offset": [2933, 2944]}, {"key": "signed-by", "type": "definition", "offset": [2946, 2955]}, {"key": "responsible-officer", "type": "definition", "offset": [2958, 2977]}, {"key": "resolutions-adopted", "type": "clause", "offset": [3030, 3049]}, {"key": "after-giving", "type": "clause", "offset": [3148, 3160]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [3203, 3237]}, {"key": "contained-in", "type": "definition", "offset": [3238, 3250]}, {"key": "article-v", "type": "definition", "offset": [3251, 3260]}, {"key": "true-and-correct", "type": "clause", "offset": [3294, 3310]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [3352, 3380]}, {"key": "section-501", "type": "clause", "offset": [3462, 3474]}, {"key": "refer-to-the", "type": "definition", "offset": [3494, 3506]}, {"key": "most-recent-financial-statements", "type": "definition", "offset": [3507, 3539]}, {"key": "default-exists", "type": "clause", "offset": [3629, 3643]}, {"key": "statement-of", "type": "clause", "offset": [3651, 3663]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [3752, 3790]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [3885, 3908]}, {"key": "possession-of", "type": "clause", "offset": [4040, 4053]}, {"key": "a-note", "type": "clause", "offset": [4054, 4060]}, {"key": "in-favor-of", "type": "clause", "offset": [4082, 4093]}, {"key": "new-lender", "type": "definition", "offset": [4236, 4246]}, {"key": "requested-by", "type": "clause", "offset": [4285, 4297]}, {"key": "payment-of", "type": "definition", "offset": [4319, 4329]}, {"key": "applicable-fee", "type": "definition", "offset": [4334, 4348]}, {"key": "related-to", "type": "definition", "offset": [4349, 4359]}, {"key": "without-limitation", "type": "clause", "offset": [4386, 4404]}, {"key": "administrative-fee", "type": "clause", "offset": [4449, 4467]}, {"key": "administrative-agent-and-the-lenders", "type": "clause", "offset": [4592, 4628]}, {"key": "amendment-of-this-agreement", "type": "clause", "offset": [4649, 4676]}, {"key": "be-guaranteed", "type": "clause", "offset": [4772, 4785]}, {"key": "incremental-term-loan-amendment", "type": "definition", "offset": [4832, 4863]}, {"key": "lenders-not", "type": "clause", "offset": [4875, 4886]}, {"key": "providing-the", "type": "clause", "offset": [4887, 4900]}, {"key": "consent-to", "type": "clause", "offset": [4930, 4940]}, {"key": "limited-scope", "type": "definition", "offset": [4946, 4959]}, {"key": "consent-rights", "type": "definition", "offset": [4985, 4999]}, {"key": "provided-that", "type": "clause", "offset": [5001, 5014]}, {"key": "execute-and-deliver", "type": "clause", "offset": [5156, 5175]}, {"key": "other-documentation", "type": "definition", "offset": [5204, 5223]}, {"key": "consent-of", "type": "clause", "offset": [5387, 5397]}, {"key": "other-lender", "type": "definition", "offset": [5402, 5414]}, {"key": "amendments-to-this-agreement", "type": "clause", "offset": [5432, 5460]}, {"key": "terms-of-the", "type": "clause", "offset": [5628, 5640]}, {"key": "technical-amendments", "type": "clause", "offset": [5722, 5742]}, {"key": "in-connection-with", "type": "clause", "offset": [5863, 5881]}, {"key": "establishment-of", "type": "clause", "offset": [5886, 5902]}], "samples": [{"hash": "lKwjbor8Cm2", "uri": "/contracts/lKwjbor8Cm2#increase-in-commitments", "label": "Term Loan Agreement (Potlatchdeltic Corp)", "score": 36.6522941589, "published": true}, {"hash": "8nbjezPN91y", "uri": "/contracts/8nbjezPN91y#increase-in-commitments", "label": "Term Loan Agreement (Potlatchdeltic Corp)", "score": 35.8336753845, "published": true}, {"hash": "cR8NiKh67Mk", "uri": "/contracts/cR8NiKh67Mk#increase-in-commitments", "label": "Term Loan Agreement (Potlatchdeltic Corp)", "score": 33.9144439697, "published": true}], "size": 212, "hash": "f8e0ccf93a6062eee4f8681335e2d15b", "id": 1}, {"snippet": "The Borrower shall have the right at any time and from time to time during the period beginning on the Effective Date to but excluding the Termination Date to request increases in the aggregate amount of the Commitments by providing written notice to the Administrative Agent, which notice shall be irrevocable once given; provided, however, that after giving effect to any such increases the aggregate amount of the Commitments shall not exceed $2,000,000,000 (less the aggregate amount of reductions of Commitments effected pursuant to Section 2.11.). Each such increase in the Commitments must be an aggregate minimum amount of $50,000,000 and integral multiples of $10,000,000 in excess thereof. The Administrative Agent, in consultation with the Borrower, shall manage all aspects of the syndication of such increase in the Commitments, including decisions as to the selection of the existing Lenders and/or other banks, financial institutions and other institutional lenders to be approached with respect to such increase and the allocations of the increase in the Commitments among such existing Lenders and/or other banks, financial institutions and other institutional lenders. No Lender shall be obligated in any way whatsoever to increase its Commitment or provide a new Commitment, and any new Lender becoming a party to this Agreement in connection with any such requested increase must be an Eligible Assignee. If a new Lender becomes a party to this Agreement, or if any existing Lender is increasing its Commitment, such Lender shall on the date it becomes a Lender hereunder (or in the case of an existing Lender, increases its Commitment) (and as a condition thereto) purchase from the other Lenders its Commitment Percentage (determined with respect to the Lenders\u2019 respective Commitments and after giving effect to the increase of Commitments) of any outstanding Revolving Loans, by making available to the Administrative Agent for the account of such other Lenders, in same day funds, an amount equal to the sum of (A) the portion of the outstanding principal amount of such Revolving Loans to be purchased by such Lender, plus (B) the aggregate amount of payments previously made by the other Lenders under Section 2.2.(j) that have not been repaid, plus (C) interest accrued and unpaid to and as of such date on such portion of the outstanding principal amount of such Revolving Loans. The Borrower shall pay to the Lenders amounts payable, if any, to such Lenders under Section 4.4. as a result of the prepayment of any such Revolving Loans. Effecting the increase of the Commitments under this Section is subject to the following conditions precedent: (x) no Default or Event of Default shall be in existence on the effective date of such increase, (y) the representations and warranties made or deemed made by the Borrower or any other Loan Party in any Loan Document to which such Loan Party is a party shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on the effective date of such increase except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances specifically and expressly permitted hereunder, and (z) the Administrative Agent shall have received each of the following, in form and substance satisfactory to the Administrative Agent: (i) if not previously delivered to the Administrative Agent, copies certified by the Secretary or Assistant Secretary of (A) all corporate and other necessary action taken by the Borrower to authorize such increase and (B) all corporate, partnership, member and other necessary action taken by each Guarantor authorizing the guaranty of such increase; (ii) an opinion of counsel to the Borrower and the Guarantors, and addressed to the Administrative Agent and the Lenders covering such matters as reasonably requested by the Administrative Agent; and (iii) new Revolving Notes executed by the Borrower, payable to any new Lenders and replacement Revolving Notes executed by the Borrower, payable to any existing Lenders increasing their Commitments, in the amount of such Lender\u2019s Commitment at the time of the effectiveness of the applicable increase in the aggregate amount of the Commitments. In connection with any increase in the aggregate amount of the Commitments pursuant to this Section 2.15., any Lender becoming a party hereto shall (1) execute such documents and agreements as the Administrative Agent may reasonably request and (2) in the case of any Lender that is organized under the laws of a jurisdiction outside of the United States of America, provide to the Administrative Agent, its name, address, tax identification number and/or such other information as shall be necessary for the Administrative Agent to comply with \u201cknow your customer\u201d and anti-money laundering rules and regulations, including without limitation, the Patriot Act.", "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "the-right", "type": "clause", "offset": [24, 33]}, {"key": "at-any-time", "type": "clause", "offset": [34, 45]}, {"key": "from-time-to-time", "type": "clause", "offset": [50, 67]}, {"key": "beginning-on-the-effective-date", "type": 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"type": "clause", "offset": [3006, 3032]}, {"key": "in-all-respects", "type": "clause", "offset": [3131, 3146]}, {"key": "except-to-the-extent", "type": "clause", "offset": [3187, 3207]}, {"key": "changes-in", "type": "definition", "offset": [3615, 3625]}, {"key": "factual-circumstances", "type": "clause", "offset": [3626, 3647]}, {"key": "agent-shall", "type": "definition", "offset": [3723, 3734]}, {"key": "form-and-substance", "type": "clause", "offset": [3775, 3793]}, {"key": "certified-by", "type": "definition", "offset": [3904, 3916]}, {"key": "secretary-or-assistant-secretary", "type": "clause", "offset": [3921, 3953]}, {"key": "action-taken", "type": "clause", "offset": [3995, 4007]}, {"key": "guaranty-of", "type": "definition", "offset": [4161, 4172]}, {"key": "opinion-of-counsel-to-the-borrower-and-the-guarantors", "type": "clause", "offset": [4196, 4249]}, {"key": "addressed-to", "type": "definition", "offset": [4255, 4267]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [4268, 4308]}, {"key": "requested-by", "type": "clause", "offset": [4345, 4357]}, {"key": "revolving-notes", "type": "definition", "offset": [4398, 4413]}, {"key": "executed-by", "type": "definition", "offset": [4414, 4425]}, {"key": "payable-to", "type": "definition", "offset": [4440, 4450]}, {"key": "new-lenders", "type": "definition", "offset": [4455, 4466]}, {"key": "time-of-the", "type": "clause", "offset": [4636, 4647]}, {"key": "increase-in-the-aggregate", "type": "clause", "offset": [4680, 4705]}, {"key": "party-hereto", "type": "definition", "offset": [4862, 4874]}, {"key": "documents-and-agreements", "type": "clause", "offset": [4898, 4922]}, {"key": "reasonably-request", "type": "definition", "offset": [4955, 4973]}, {"key": "the-laws", "type": "definition", "offset": [5032, 5040]}, {"key": "the-united-states-of-america", "type": "clause", "offset": [5070, 5098]}, {"key": "provide-to", "type": "clause", "offset": [5100, 5110]}, {"key": "tax-identification-number", "type": "clause", "offset": [5156, 5181]}, {"key": "other-information", "type": "clause", "offset": [5194, 5211]}, {"key": "necessary-for", "type": "definition", "offset": [5224, 5237]}, {"key": "comply-with", "type": "definition", "offset": [5266, 5277]}, {"key": "know-your-customer", "type": "clause", "offset": [5279, 5297]}, {"key": "rules-and-regulations", "type": "definition", "offset": [5325, 5346]}, {"key": "including-without-limitation", "type": "clause", "offset": [5348, 5376]}, {"key": "the-patriot-act", "type": "clause", "offset": [5378, 5393]}], "samples": [{"hash": "duvi4Eh8mtV", "uri": "/contracts/duvi4Eh8mtV#increase-in-commitments", "label": "Credit Agreement (Diversified Healthcare Trust)", "score": 33.1451072693, "published": true}, {"hash": "lJeQuBL9bp0", "uri": "/contracts/lJeQuBL9bp0#increase-in-commitments", "label": "Credit Agreement (Diversified Healthcare Trust)", "score": 32.8384666443, "published": true}, {"hash": "cPcej89vCAv", "uri": "/contracts/cPcej89vCAv#increase-in-commitments", "label": "Credit Agreement (Diversified Healthcare Trust)", "score": 32.0855560303, "published": true}], "size": 161, "hash": "83ba1d26dc3e655153c2ac5aeef8a454", "id": 2}, {"snippet": "(a) Borrower may by written notice to Administrative Agent elect to seek commitments (\u201cAdditional Commitments\u201d) to increase the aggregate principal amount of any existing Class of Loans or to establish one or more new Classes of Loans; provided that:\n(i) the aggregate amount of all Additional Commitments shall not exceed the Incremental Cap;\n(ii) any such increase or any new Class shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof; provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the limit set forth in the preceding clause (i);\n(iii) no existing Lender shall be required to provide any Additional Commitments;\n(iv) each of the conditions set forth in Section 3.2 shall be satisfied;\n(v) the final maturity date of any Additional Term Loans shall be no earlier than the Latest Maturity Date;\n(vi) the Additional Term Loans shall have a Weighted Average Life to Maturity equal to or greater than the then remaining Weighted Average Life to Maturity of each Class of Loans outstanding prior to such proposed incurrence of Additional Term Loans (the \u201cOutstanding Term Loans\u201d);\n(vii) the interest margins for the Additional Term Loans shall be determined by Borrower and the Lenders of such Additional Term Loans; provided that in the event that the Weighted Average Yield for any Additional Term Loans is greater than the Weighted Average Yield for Outstanding Term Loans by more than 50 basis points, then the Applicable Margin for one or more Classes of Outstanding Term Loans shall be increased to the extent necessary so that the Weighted Average Yield for such Additional Term Loans is not more than 50 basis points higher than the Weighted Average Yield for Outstanding Term Loans;\n(viii) the security interest and guaranties benefiting the Additional Term Loans (and advances of credit thereunder) will rank pari passu in right of payment and security with the existing credit facilities provided for herein;\n(ix) any Additional Term Loans shall share on a pro rata basis in any voluntary and mandatory prepayments with the Outstanding Term Loans or, if agreed to by the lenders of Additional Term Loans, on a less than pro rata basis (but in no event on a greater than pro rata basis); and\n(x) subject to Section 1.4, Borrower shall be in pro forma compliance with the Financial Covenant recomputed (without netting the cash proceeds of any Additional Commitments in calculating the Total Leverage Ratio (but, for the avoidance of doubt, giving effect to any repayment, repurchase or other reduction of Indebtedness effected with such cash proceeds substantially simultaneously with the effectiveness of such Additional Commitments)) as of the last day of the most recently ended fiscal quarter of Borrower for which financial statements have been or were required to have been delivered pursuant to Section 5.1(a) or (b).\n(b) Each such notice shall specify (x) the date (each, an \u201cAdditional Commitments Effective Date\u201d) on which Borrower proposes that the Additional Commitments shall be effective, which shall be a date reasonably acceptable to Administrative Agent and (y) the identity of the Persons (each of which shall be an Eligible Assignee (for this purpose treating a Lender of Additional Commitments as if it were an assignee)) whom Borrower proposes would provide the Additional Commitments and the portion of the Additional Commitment to be provided by each such Person. As a condition precedent to the effectiveness of any Additional Commitments, Borrower shall deliver to Administrative Agent a certificate dated as of the Additional Commitments Effective Date signed by an Authorized Officer of Borrower certifying that, before and after giving effect to the Additional Commitments (and assuming full utilization thereof), the conditions set forth in Sections 2.22(a)(iv) and (x) are satisfied.\n(c) On each Additional Commitments Effective Date with respect to any Additional Commitment, each Person with an Additional Commitment shall make an Additional Term Loan to Borrower in a principal amount equal to such Person\u2019s Additional Commitment.\n(d) This Section 2.22 shall supersede any provisions in Section 2.18 or Section 10.5 to the contrary. The Additional Commitments shall be documented by an Additional Credit Extension Amendment executed by the Persons providing the Additional Commitments (and the other Persons specified in the definition of Additional Credit Extension Amendment but no other existing Lender), and the Additional Credit Extension Amendment may provide for such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the reasonable opinion of Administrative Agent and Borrower, to effect the provisions of this Section 2.22.", "snippet_links": [{"key": "notice-to-administrative-agent", "type": "clause", "offset": [28, 58]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [128, 154]}, {"key": "class-of-loans", "type": "definition", "offset": [171, 185]}, {"key": "to-establish", "type": "clause", "offset": [189, 201]}, {"key": "classes-of-loans", "type": "clause", "offset": [218, 234]}, {"key": "provided-that", "type": "clause", "offset": [236, 249]}, 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"offset": [2081, 2095]}, {"key": "voluntary-and-mandatory-prepayments", "type": "clause", "offset": [2103, 2138]}, {"key": "by-the-lenders", "type": "clause", "offset": [2188, 2202]}, {"key": "in-no-event", "type": "clause", "offset": [2264, 2275]}, {"key": "section-14", "type": "clause", "offset": [2330, 2341]}, {"key": "borrower-shall", "type": "clause", "offset": [2343, 2357]}, {"key": "financial-covenant", "type": "definition", "offset": [2394, 2412]}, {"key": "cash-proceeds", "type": "definition", "offset": [2445, 2458]}, {"key": "total-leverage-ratio", "type": "clause", "offset": [2508, 2528]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [2535, 2561]}, {"key": "reduction-of-indebtedness", "type": "clause", "offset": [2615, 2640]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [2688, 2711]}, {"key": "day-of", "type": "clause", "offset": [2774, 2780]}, {"key": "most-recently-ended", "type": "definition", "offset": [2785, 2804]}, {"key": "fiscal-quarter", "type": "definition", "offset": [2805, 2819]}, {"key": "financial-statements", "type": "clause", "offset": [2842, 2862]}, {"key": "pursuant-to-section", "type": "clause", "offset": [2913, 2932]}, {"key": "additional-commitments-effective-date", "type": "definition", "offset": [3007, 3044]}, {"key": "the-persons", "type": "clause", "offset": [3218, 3229]}, {"key": "eligible-assignee", "type": "clause", "offset": [3257, 3274]}, {"key": "a-lender", "type": "definition", "offset": [3302, 3310]}, {"key": "provide-the", "type": "clause", "offset": [3394, 3405]}, {"key": "commitment-to", "type": "clause", "offset": [3463, 3476]}, {"key": "condition-precedent", "type": "definition", "offset": [3515, 3534]}, {"key": "deliver-to", "type": "definition", "offset": [3602, 3612]}, {"key": "dated-as-of", "type": "definition", "offset": [3648, 3659]}, {"key": "signed-by", "type": "definition", "offset": [3702, 3711]}, {"key": "authorized-officer", "type": "definition", "offset": [3715, 3733]}, {"key": "after-giving", "type": "clause", "offset": [3774, 3786]}, {"key": "full-utilization", "type": "clause", "offset": [3838, 3854]}, {"key": "with-respect-to", "type": "clause", "offset": [3987, 4002]}, {"key": "each-person", "type": "clause", "offset": [4030, 4041]}, {"key": "an-additional", "type": "clause", "offset": [4047, 4060]}, {"key": "loan-to-borrower", "type": "clause", "offset": [4102, 4118]}, {"key": "executed-by", "type": "definition", "offset": [4380, 4391]}, {"key": "providing-the", "type": "clause", "offset": [4404, 4417]}, {"key": "other-persons", "type": "definition", "offset": [4450, 4463]}, {"key": "the-definition-of", "type": "definition", "offset": [4477, 4494]}, {"key": "provide-for", "type": "definition", "offset": [4614, 4625]}, {"key": "amendments-to-this-agreement", "type": "clause", "offset": [4631, 4659]}, {"key": "other-credit-documents", "type": "definition", "offset": [4668, 4690]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4805, 4831]}], "samples": [{"hash": "9PAn8Fi5lM1", "uri": "/contracts/9PAn8Fi5lM1#increase-in-commitments", "label": "Credit and Guaranty Agreement (Hamilton Lane INC)", "score": 28.0855579376, "published": true}, {"hash": "atAqR3nElHW", "uri": "/contracts/atAqR3nElHW#increase-in-commitments", "label": "Credit and Guaranty Agreement (Hamilton Lane INC)", "score": 27.9924716949, "published": true}], "size": 135, "hash": "b1696d8c55af9e55826260a469c038c4", "id": 3}, {"snippet": "The Borrower may at any time and from time to time, by written notice to the Administrative Agent (which shall promptly deliver a copy to the Banks) executed by a Responsible Officer of the Borrower and one or more financial institutions (any such financial institution referred to in this Section being called an \u201cIncreasing Bank\u201d), which may include any Bank, cause the Commitments of the Increasing Banks to be increased (or cause the Increasing Banks to extend new Commitments) in an amount for each Increasing Bank (which shall not be less than $10,000,000) set forth in such notice, provided that (i) no Bank shall have any obligation to increase its Commitment pursuant to this paragraph, (ii) all new Commitments and increases in existing Commitments becoming effective under this paragraph during the term of this Agreement shall not exceed $200,000,000 in the aggregate, (iii) each Increasing Bank, if not already a Bank hereunder, shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and (iv) each Increasing Bank, if not already a Bank hereunder, shall become a party to this Agreement by completing and delivering to the Administrative Agent a duly executed accession agreement in a form reasonably satisfactory to the Administrative Agent and the Borrower (an \u201cAccession Agreement\u201d). New Commitments and increases in Commitments shall become effective on the date specified in the applicable notices delivered pursuant to this Section 2.17. Upon the effectiveness of any Accession Agreement to which any Increasing Bank is a party, such Increasing Bank shall thereafter be deemed to be a party to this Agreement and shall be entitled to all rights, benefits and privileges accorded a Bank hereunder and subject to all obligations of a Bank hereunder. Notwithstanding the foregoing, no increase in the Total Commitments (or in the Commitment of any Bank) pursuant to this paragraph shall become effective unless (i) the Administrative Agent shall have received documents consistent with those delivered under Section 3.01(a)(ii) through (v), giving effect to such increase, (ii) on the effective date of such increase, the representations and warranties of the Borrower and the Guarantors set forth in this Agreement shall be true and correct in all material respects and no Default shall have occurred and be continuing or would result therefrom, and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Borrower, and (iii) (x) upon the reasonable request of any Bank made at least five (5) days prior to the effectiveness of any Accession Agreement, the Borrower shall have provided to such Bank, and such Bank shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable \u201cknow your customer\u201d and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in each case at least three (3) Business Days prior to the effectiveness of any Accession Agreement and (y) at least three (3) Business Days prior to the effectiveness of any Accession Agreement, any Loan Party that qualifies as a \u201clegal entity customer\u201d under the Beneficial Ownership Regulation shall have delivered, to each Bank that so requests, a Beneficial Ownership Certification in relation to such Loan Party. On the effective date of any increase in the Commitments pursuant to this Section 2.17, to the extent there are outstanding Advances, the parties hereto shall implement such arrangements as may be agreed upon by the Borrower and the Administrative Agent to ensure that the proportion between the Banks\u2019 outstanding Advances, after giving effect to such increase, and their respective Commitments, after giving effect to such increase, will be re-established, and the effectiveness of such increase shall be conditioned on the implementation of such arrangements. This Section 2.17 shall supersede any provisions in Section 2.13 or 10.01 to the contrary.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [17, 28]}, {"key": "from-time-to-time", "type": "clause", "offset": [33, 50]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [63, 97]}, {"key": "copy-to", "type": "definition", "offset": [130, 137]}, {"key": "the-banks", "type": "clause", "offset": [138, 147]}, {"key": "executed-by", "type": "definition", "offset": [149, 160]}, {"key": "responsible-officer-of-the-borrower", "type": "definition", "offset": [163, 198]}, {"key": "financial-institutions", "type": "definition", "offset": [215, 237]}, {"key": "commitments-of-the", "type": "clause", "offset": [372, 390]}, {"key": "increasing-banks", "type": "clause", "offset": [391, 407]}, {"key": "to-extend", "type": "clause", "offset": [455, 464]}, {"key": "new-commitments", "type": "definition", "offset": [465, 480]}, {"key": "provided-that", "type": 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"effective-on-the", "type": "clause", "offset": [1416, 1432]}, {"key": "applicable-notices", "type": "definition", "offset": [1455, 1473]}, {"key": "section-217", "type": "definition", "offset": [1501, 1513]}, {"key": "agreement-to", "type": "clause", "offset": [1555, 1567]}, {"key": "all-rights", "type": "clause", "offset": [1711, 1721]}, {"key": "obligations-of", "type": "clause", "offset": [1792, 1806]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1825, 1854]}, {"key": "increase-in-the-total-commitments", "type": "clause", "offset": [1859, 1892]}, {"key": "agent-shall", "type": "definition", "offset": [2008, 2019]}, {"key": "consistent-with", "type": "clause", "offset": [2044, 2059]}, {"key": "date-of", "type": "clause", "offset": [2169, 2176]}, {"key": "representations-and-warranties-of-the-borrower-and-the-guarantors", "type": "clause", "offset": [2196, 2261]}, {"key": "in-this-agreement", "type": "clause", "offset": [2272, 2289]}, {"key": "true-and-correct", "type": "clause", "offset": [2299, 2315]}, {"key": "in-all-material-respects", "type": "definition", "offset": [2316, 2340]}, {"key": "default-shall", "type": "definition", "offset": [2348, 2361]}, {"key": "financial-officer-of-the-borrower", "type": "definition", "offset": [2533, 2566]}, {"key": "reasonable-request", "type": "definition", "offset": [2591, 2609]}, {"key": "prior-to-the", "type": "clause", "offset": [2650, 2662]}, {"key": "the-borrower-shall", "type": "clause", "offset": [2705, 2723]}, {"key": "and-other-information", "type": "clause", "offset": [2820, 2841]}, {"key": "in-connection-with", "type": "clause", "offset": [2855, 2873]}, {"key": "know-your-customer", "type": "clause", "offset": [2886, 2904]}, {"key": "rules-and-regulations", "type": "definition", "offset": [2932, 2953]}, {"key": "without-limitation", "type": "clause", "offset": [2966, 2984]}, {"key": "the-patriot-act", "type": "clause", "offset": [2986, 3001]}, {"key": "each-case", "type": "definition", "offset": [3006, 3015]}, {"key": "business-days", "type": "clause", "offset": [3035, 3048]}, {"key": "loan-party", "type": "clause", "offset": [3203, 3213]}, {"key": "legal-entity-customer", "type": "clause", "offset": [3235, 3256]}, {"key": "beneficial-ownership-regulation", "type": "clause", "offset": [3268, 3299]}, {"key": "each-bank", "type": "clause", "offset": [3325, 3334]}, {"key": "beneficial-ownership-certification", "type": "definition", "offset": [3355, 3389]}, {"key": "in-relation-to", "type": "clause", "offset": [3390, 3404]}, {"key": "increase-in-the-commitments", "type": "clause", "offset": [3451, 3478]}, {"key": "to-the-extent", "type": "clause", "offset": [3510, 3523]}, {"key": "outstanding-advances", "type": "definition", "offset": [3534, 3554]}, {"key": "the-parties-hereto", "type": "clause", "offset": [3556, 3574]}, {"key": "by-the-borrower", "type": "clause", "offset": [3631, 3646]}, {"key": "to-ensure", "type": "clause", "offset": [3676, 3685]}, {"key": "after-giving", "type": "clause", "offset": [3747, 3759]}, {"key": "be-conditioned", "type": "clause", "offset": [3926, 3940]}], "samples": [{"hash": "bPg6LYpvDG2", "uri": "/contracts/bPg6LYpvDG2#increase-in-commitments", "label": "Credit Agreement (Brinker International, Inc)", "score": 31.3244361877, "published": true}, {"hash": "jlaOeytCM55", "uri": "/contracts/jlaOeytCM55#increase-in-commitments", "label": "Credit Agreement (Brinker International, Inc)", "score": 31.0752906799, "published": true}], "size": 129, "hash": "0e3314310f17b7ef81278ff54c723406", "id": 4}, {"snippet": "(a) Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Company may from time to time, request an increase in the Aggregate Commitments by an aggregate amount (for all such requests) not exceeding $1,000,000,000. At the time of sending such notice, the Company (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders). Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment (and, for the avoidance of doubt, no such Lender shall have an obligation to so agree) and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. The Administrative Agent shall notify the Company and each Lender of the Lenders\u2019 responses to each request made hereunder. To achieve the full amount of a requested increase, the Company may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel. Notwithstanding the foregoing provisions of this Section 2.15(a), during the first 90 days following the date hereof, the Company may invite Eligible Assignees to become Lenders under this Agreement in connection with a requested increase without first providing any Lender with the opportunity to increase its Commitment as provided above.\n(b) If the Aggregate Commitments are increased in accordance with this Section 2.15, the Administrative Agent and the Company shall determine the effective date (the \u201cIncrease Effective Date\u201d) and the final allocation of such increase. The Administrative Agent shall promptly notify the Company and the Lenders of the final allocation of such increase and the Increase Effective Date. As a condition precedent to such increase, the Company shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Increase Effective Date signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the Company, certifying that, before and after giving effect to such increase, (A) the representations and warranties contained in ARTICLE V and the other Loan Documents are true and correct on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that, for purposes of this Section 2.15, (1) the representation and warranty contained in Section 5.08(a) shall be deemed to refer to the most recent statements furnished pursuant to Section 6.01(a) and 6.01(b), respectively, and (2) the reference to the date hereof in Section 5.05(b) and Section 5.08(b) shall be deemed to refer to the Increase Effective Date and (B) no Default exists. The Company shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section 2.15.\n(c) In the event of an increase in Commitments pursuant to this Section 2.15, the provisions of this Section 2.15 shall govern any conflicts with provisions in Sections 2.13 or 11.01.", "snippet_links": [{"key": "no-default", "type": "definition", "offset": [26, 36]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [43, 77]}, {"key": "promptly-notify", "type": "clause", "offset": [91, 106]}, {"key": "from-time-to-time", "type": "clause", "offset": [137, 154]}, {"key": "increase-in-the-aggregate-commitments", "type": "clause", "offset": [167, 204]}, {"key": "aggregate-amount", "type": "definition", "offset": [211, 227]}, {"key": "at-the-time", "type": "clause", "offset": [282, 293]}, {"key": "in-consultation-with", "type": "definition", "offset": [331, 351]}, {"key": "time-period", "type": "definition", "offset": [396, 407]}, {"key": "each-lender", "type": "clause", "offset": [421, 432]}, {"key": "in-no-event", "type": "clause", "offset": [470, 481]}, {"key": "business-days", "type": "clause", "offset": [499, 512]}, {"key": "delivery-of", "type": "clause", "offset": [530, 541]}, {"key": "notice-to-the-lenders", "type": "clause", "offset": [547, 568]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [589, 620]}, {"key": "agrees-to", "type": "clause", "offset": [663, 672]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [703, 729]}, {"key": "obligation-to", "type": "clause", "offset": [760, 773]}, {"key": "equal-to", "type": "definition", "offset": [817, 825]}, {"key": "requested-increase", "type": "definition", "offset": [881, 899]}, {"key": "not-responding", "type": "definition", "offset": [912, 926]}, {"key": "agent-shall", "type": "definition", "offset": [1031, 1042]}, {"key": "eligible-assignees", "type": "clause", "offset": [1227, 1245]}, {"key": "pursuant-to-a", "type": "clause", "offset": [1264, 1277]}, {"key": "joinder-agreement", "type": "definition", "offset": [1278, 1295]}, {"key": "form-and-substance", "type": "clause", "offset": [1299, 1317]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1406, 1432]}, {"key": "following-the", "type": "definition", "offset": [1467, 1480]}, {"key": "date-hereof", "type": "clause", "offset": [1481, 1492]}, {"key": "this-agreement", "type": "clause", "offset": [1560, 1574]}, {"key": "in-connection-with", "type": "clause", "offset": [1575, 1593]}, {"key": "the-opportunity", "type": "clause", "offset": [1655, 1670]}, {"key": "in-accordance-with", "type": "definition", "offset": [1764, 1782]}, {"key": "the-company-shall", "type": "clause", "offset": [1831, 1848]}, {"key": "the-effective-date", "type": "clause", "offset": [1859, 1877]}, {"key": "increase-effective-date", "type": "clause", "offset": [1884, 1907]}, {"key": "allocation-of", "type": "clause", "offset": [1924, 1937]}, {"key": "the-company-and-the", "type": "clause", "offset": [2000, 2019]}, {"key": "condition-precedent", "type": "definition", "offset": [2107, 2126]}, {"key": "deliver-to", "type": "definition", "offset": [2163, 2173]}, {"key": "certificate-of", "type": "definition", "offset": [2201, 2215]}, {"key": "each-loan-party", "type": "definition", "offset": [2216, 2231]}, {"key": "dated-as-of", "type": "definition", "offset": [2232, 2243]}, {"key": "signed-by", "type": "definition", "offset": [2272, 2281]}, {"key": "responsible-officer", "type": "definition", "offset": [2284, 2303]}, {"key": "resolutions-adopted", "type": "clause", "offset": [2356, 2375]}, {"key": "in-the-case", "type": "clause", "offset": [2446, 2457]}, {"key": "of-the-company", "type": "clause", "offset": [2458, 2472]}, {"key": "after-giving", "type": "clause", "offset": [2502, 2514]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [2544, 2578]}, {"key": "contained-in", "type": "definition", "offset": [2579, 2591]}, {"key": "article-v", "type": "definition", "offset": [2592, 2601]}, {"key": "other-loan-documents", "type": "definition", "offset": [2610, 2630]}, {"key": "true-and-correct", "type": "clause", "offset": [2635, 2651]}, {"key": "except-to-the-extent", "type": "clause", "offset": [2694, 2714]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [2877, 2905]}, {"key": "representation-and-warranty", "type": "clause", "offset": [2920, 2947]}, {"key": "refer-to-the", "type": "definition", "offset": [2996, 3008]}, {"key": "most-recent", "type": "definition", "offset": [3009, 3020]}, {"key": "section-601a", "type": "clause", "offset": [3054, 3068]}, {"key": "the-reference-to", "type": "definition", "offset": [3105, 3121]}, {"key": "default-exists", "type": "clause", "offset": [3244, 3258]}, {"key": "loans-outstanding", "type": "definition", "offset": [3299, 3316]}, {"key": "additional-amounts", "type": "definition", "offset": [3361, 3379]}, {"key": "revised-pro-rata-shares", "type": "clause", "offset": [3496, 3519]}, {"key": "increase-in-the-commitments", "type": "clause", "offset": [3548, 3575]}, {"key": "in-the-event-of", "type": "definition", "offset": [3605, 3620]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [3679, 3701]}], "samples": [{"hash": "ly55HmfaeMZ", "uri": "/contracts/ly55HmfaeMZ#increase-in-commitments", "label": "Credit Agreement (McKesson Corp)", "score": 30.7357978821, "published": true}, {"hash": "egFEEABxr1Y", "uri": "/contracts/egFEEABxr1Y#increase-in-commitments", "label": "Credit Agreement (McKesson Corp)", "score": 26.8199863434, "published": true}, {"hash": "3BAkorPwtO2", "uri": "/contracts/3BAkorPwtO2#increase-in-commitments", "label": "Credit Agreement (McKesson Corp)", "score": 26.8069820404, "published": true}], "size": 124, "hash": "2062bdc8151e42637318ad5beeff0830", "id": 5}, {"snippet": "The Borrower shall have the right upon at least fifteen (15) Business Days' prior written notice to the Administrative Agent to increase the Aggregate Revolving Committed Amount by up to $25,000,000, in a single increase, at any time on or after the Closing Date, subject, however, in any such case, to satisfaction of the following conditions precedent:\n(i) no Default or Event of Default shall have occurred and be continuing on the date on which such Aggregate Revolving Committed Amount increase is to become effective;\n(ii) the representations and warranties set forth in Section 5 of this Credit Agreement shall be true and correct in all material respects on and as of the date on which such Aggregate Revolving Committed Amount increase is to become effective (except to the extent they expressly relate to an earlier date);\n(iii) on or before the date on which such Aggregate Revolving Committed Amount increase is to become effective, the Administrative Agent shall have received, for its own account, the mutually acceptable fees and expenses required by separate agreement of the Borrower and the Administrative Agent to be paid in connection with such increase;\n(iv) such Aggregate Revolving Committed Amount increase shall be an integral multiple of $5,000,000 and shall in no event be less than $5,000,000; and\n(v) such requested Aggregate Revolving Commitment increase shall be effective on such date only to the extent that, on or before such date, (A) the Administrative Agent shall have received and accepted a corresponding amount of Additional Commitment(s) pursuant to a commitment letter(s) acceptable to the Administrative Agent from one or more Lenders acceptable to the Administrative Agent and, with respect to any Lender that is not at such time a Lender hereunder, to the Borrower and (B) each such Lender has executed an agreement in the form of Schedule 3.4(c) hereto (each such agreement a \"New Commitment Agreement\"), accepted in writing therein by the Administrative Agent and, with respect to any Lender that is not at such time a Lender hereunder, by the Borrower, with respect to the Additional Commitment of such Lender.", "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "the-right", "type": "clause", "offset": [24, 33]}, {"key": "business-days", "type": "clause", "offset": [61, 74]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [90, 124]}, {"key": "aggregate-revolving-committed-amount", "type": "definition", "offset": [141, 177]}, {"key": "at-any-time", "type": "clause", "offset": [222, 233]}, {"key": "after-the-closing-date", "type": "clause", "offset": [240, 262]}, {"key": "satisfaction-of", "type": "clause", "offset": [303, 318]}, {"key": "conditions-precedent", "type": "definition", "offset": [333, 353]}, {"key": "default-shall", "type": "definition", "offset": [382, 395]}, {"key": "become-effective", "type": "clause", "offset": [506, 522]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [529, 563]}, {"key": "section-5", "type": "definition", "offset": [577, 586]}, {"key": "this-credit-agreement", "type": "clause", "offset": [590, 611]}, {"key": "true-and-correct", "type": "clause", "offset": [621, 637]}, {"key": "in-all-material-respects", "type": "definition", "offset": [638, 662]}, {"key": "except-to-the-extent", "type": "clause", "offset": [769, 789]}, {"key": "relate-to", "type": "definition", "offset": [805, 814]}, {"key": "agent-shall", "type": "definition", "offset": [964, 975]}, {"key": "for-its-own-account", "type": "clause", "offset": [991, 1010]}, {"key": "fees-and-expenses", "type": "clause", "offset": [1036, 1053]}, {"key": "required-by", "type": "definition", "offset": [1054, 1065]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [1088, 1108]}, {"key": "in-connection-with", "type": "clause", "offset": [1141, 1159]}, {"key": "integral-multiple", "type": "definition", "offset": [1243, 1260]}, {"key": "in-no-event", "type": "clause", "offset": [1285, 1296]}, {"key": "revolving-commitment-increase", "type": "definition", "offset": [1355, 1384]}, {"key": "received-and-accepted", "type": "definition", "offset": [1506, 1527]}, {"key": "corresponding-amount", "type": "definition", "offset": [1530, 1550]}, {"key": "additional-commitment", "type": "clause", "offset": [1554, 1575]}, {"key": "a-commitment", "type": "definition", "offset": [1591, 1603]}, {"key": "agent-from", "type": "definition", "offset": [1647, 1657]}, {"key": "with-respect-to", "type": "clause", "offset": [1722, 1737]}, {"key": "lender-hereunder", "type": "clause", "offset": [1776, 1792]}, {"key": "to-the-borrower", "type": "definition", "offset": [1794, 1809]}, {"key": "an-agreement", "type": "clause", "offset": [1848, 1860]}, {"key": "form-of", "type": "definition", "offset": [1868, 1875]}, {"key": "new-commitment-agreement", "type": "definition", "offset": [1923, 1947]}, {"key": "in-writing", "type": "definition", "offset": [1960, 1970]}, {"key": "by-the-borrower", "type": "clause", "offset": [2084, 2099]}], "samples": [{"hash": "eoKH6A9ppr3", "uri": "/contracts/eoKH6A9ppr3#increase-in-commitments", "label": "364 Day Credit Agreement (Dial Corp /New/)", "score": 18.0, "published": true}, {"hash": "3XCrucd2aaf", "uri": "/contracts/3XCrucd2aaf#increase-in-commitments", "label": "364 Day Credit Agreement (Dial Corp /New/)", "score": 18.0, "published": true}], "size": 83, "hash": "36172cb706ec411cb7440ee55ea21e19", "id": 6}, {"snippet": "(a) Provided there exists no Default applicable to any Tranche A Borrower, upon notice by TMCC to the Administrative Agent (which shall promptly notify the appropriate Lenders), TMCC may from time to time, request an increase in the Aggregate Commitments applicable to all Tranche A Borrowers to an amount (for all such requests) not exceeding US$5,660,000,000. At the time of sending such notice, TMCC (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than 10 Business Days from the date of delivery of such notice to the appropriate Lenders). Each appropriate Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any appropriate Lender not responding within such time period shall be deemed to have declined to increase its Commitment. The Administrative Agent shall notify all of the Tranche A Borrowers and each appropriate Lender of the Lenders\u2019 responses to each request made hereunder. To achieve the full amount of a requested increase, TMCC may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel; provided that the minimum commitment of each such Eligible Assignee is not less than US$10,000,000. The consent of the Lenders is not required to increase the amount of the Aggregate Tranche A Commitments pursuant to this Section, except that each appropriate Lender shall have the right to consent to an increase in the amount of its Commitment as set forth in this Section 2.14(a). If the Lenders and Eligible Assignees do not agree to increase the applicable Aggregate Tranche A Commitments by the amount requested by TMCC pursuant to this Section 2.14(a), TMCC may (i) withdraw its request for an increase in its entirety or (ii) accept, in whole or in part, the increases that have been offered.\n(b) If the applicable Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and TMCC shall determine the effective date (the \u201cIncrease Effective Date\u201d) and the final allocation of such increase. The Administrative Agent shall promptly notify TMCC and the appropriate Lenders of the final allocation of such increase and the Increase Effective Date. As a condition precedent to such increase, each Tranche A Borrower shall deliver to the Administrative Agent a certificate of such Tranche A Borrower dated as of the Increase Effective Date (in sufficient copies for each appropriate Lender) signed by a Responsible Officer of such Tranche A Borrower certifying that no Default applicable to such Tranche A Borrower exists. The Tranche A Borrowers shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.5) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.\n(c) This Section shall supersede any provisions in Sections 2.12 or 9.1 to the contrary.", "snippet_links": [{"key": "no-default", "type": "definition", "offset": [26, 36]}, {"key": "applicable-to", "type": "clause", "offset": [37, 50]}, {"key": "notice-by", "type": "clause", "offset": [80, 89]}, {"key": "promptly-notify", "type": "clause", "offset": [136, 151]}, {"key": "appropriate-lenders", "type": "definition", "offset": [156, 175]}, {"key": "from-time-to-time", "type": "clause", "offset": [187, 204]}, {"key": "increase-in-the-aggregate-commitments", "type": "clause", "offset": [217, 254]}, {"key": "tranche-a-borrowers", "type": "definition", "offset": [273, 292]}, {"key": "at-the-time", "type": "clause", "offset": [362, 373]}, {"key": "in-consultation-with", "type": "definition", "offset": [404, 424]}, {"key": "time-period", "type": "definition", "offset": [469, 480]}, {"key": "each-lender", "type": "clause", "offset": [494, 505]}, {"key": "in-no-event", "type": "clause", "offset": [543, 554]}, {"key": "business-days", "type": "clause", "offset": [571, 584]}, {"key": "delivery-of", "type": "clause", "offset": [602, 613]}, {"key": "notice-to-the", "type": "clause", "offset": [619, 632]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [685, 716]}, {"key": "agrees-to", "type": "clause", "offset": [759, 768]}, {"key": "equal-to", "type": "definition", "offset": [826, 834]}, {"key": "requested-increase", "type": "definition", "offset": [890, 908]}, {"key": "not-responding", "type": "definition", "offset": [933, 947]}, {"key": "agent-shall", "type": "definition", "offset": [1052, 1063]}, {"key": "eligible-assignees", "type": "clause", "offset": [1272, 1290]}, {"key": "pursuant-to-a", "type": "clause", "offset": [1309, 1322]}, {"key": "joinder-agreement", "type": "definition", "offset": [1323, 1340]}, {"key": "form-and-substance", "type": "clause", "offset": [1344, 1362]}, {"key": "provided-that", "type": "clause", "offset": [1421, 1434]}, {"key": "minimum-commitment", "type": "clause", "offset": [1439, 1457]}, {"key": "consent-of-the-lenders", "type": "definition", "offset": [1525, 1547]}, {"key": "is-not-required-to", "type": "clause", "offset": [1548, 1566]}, {"key": "aggregate-tranche-a-commitments", "type": "definition", "offset": [1594, 1625]}, {"key": "consent-to", "type": "clause", "offset": [1712, 1722]}, {"key": "agree-to", "type": "clause", "offset": [1850, 1858]}, {"key": "the-applicable", "type": "clause", "offset": [1868, 1882]}, {"key": "requested-by", "type": "clause", "offset": [1929, 1941]}, {"key": "request-for", "type": "definition", "offset": [2007, 2018]}, {"key": "in-accordance-with", "type": "definition", "offset": [2180, 2198]}, {"key": "the-effective-date", "type": "clause", "offset": [2263, 2281]}, {"key": "increase-effective-date", "type": "clause", "offset": [2288, 2311]}, {"key": "allocation-of", "type": "clause", "offset": [2328, 2341]}, {"key": "condition-precedent", "type": "definition", "offset": [2516, 2535]}, {"key": "each-tranche", "type": "definition", "offset": [2554, 2566]}, {"key": "borrower-shall", "type": "clause", "offset": [2569, 2583]}, {"key": "deliver-to", "type": "definition", "offset": [2584, 2594]}, {"key": "certificate-of", "type": "definition", "offset": [2622, 2636]}, {"key": "dated-as-of", "type": "definition", "offset": [2661, 2672]}, {"key": "sufficient-copies", "type": "definition", "offset": [2705, 2722]}, {"key": "signed-by", "type": "definition", "offset": [2752, 2761]}, {"key": "responsible-officer", "type": "definition", "offset": [2764, 2783]}, {"key": "loans-outstanding", "type": "definition", "offset": [2935, 2952]}, {"key": "additional-amounts", "type": "definition", "offset": [2997, 3015]}, {"key": "section-35", "type": "clause", "offset": [3037, 3048]}, {"key": "to-the-extent", "type": "clause", "offset": [3050, 3063]}, {"key": "revised-pro-rata-shares", "type": "clause", "offset": [3131, 3154]}, {"key": "increase-in-the-commitments", "type": "clause", "offset": [3183, 3210]}], "samples": [{"hash": "kS1Pz3UcGsM", "uri": "/contracts/kS1Pz3UcGsM#increase-in-commitments", "label": "Credit Agreement (Toyota Motor Credit Corp)", "score": 29.8651599884, "published": true}, {"hash": "8pckSK9aAzE", "uri": "/contracts/8pckSK9aAzE#increase-in-commitments", "label": "Credit Agreement (Toyota Motor Credit Corp)", "score": 29.8651599884, "published": true}, {"hash": "7cQA7SxDQhM", "uri": "/contracts/7cQA7SxDQhM#increase-in-commitments", "label": "364 Day Credit Agreement (Toyota Motor Credit Corp)", "score": 29.8651599884, "published": true}], "size": 71, "hash": "58a72d589ee8fdccc7152250678c8b9d", "id": 7}, {"snippet": "(a) Following the Effective Date, the Borrower may at any time and from time to time increase the Multi-Year Facility Commitments (each such increase being a \u201cCommitment Increase\u201d), by notice to the Administrative Agent specifying the existing Lender(s) (the \u201cIncreasing Lender(s)\u201d) and/or any other Person(s) selected by the Borrower and reasonably acceptable to the Administrative Agent (the \u201cAssuming Lender(s)\u201d) that have agreed to provide the additional Commitment(s) and the date on which such increase is to be effective (the \u201cCommitment Increase Date\u201d), which shall be a Business Day at least five (5) days after delivery of such notice and prior to the Multi-Year Facility Commitment Termination Date; provided that:\n(i) the minimum aggregate amount of each Commitment Increase shall be $10,000,000;\n(ii) immediately after giving effect to such Commitment Increase, the Multi-Year Facility Commitments hereunder shall not exceed $850,000,000;\n(iii) no Event of Default shall have occurred and be continuing on such Commitment Increase Date or shall result from the Commitment Increase; and\n(iv) the representations and warranties contained in Article III shall be true and correct in all material respects on and as of the Commitment Increase Date as if made on and as of such date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, such representation and warranty shall be true and correct in all material respects on and as of such specific date). Notwithstanding the foregoing, nothing herein shall constitute an agreement or commitment by the Administrative Agent or any Lender to any specific increase in the Multi-Year Facility Commitment, which agreement or commitment may only be made at a future date after the applicable Lenders secure any required credit approvals.\n(b) Any Assuming Lender shall become a Lender hereunder as of such Commitment Increase Date and the Commitment of any Increasing Lender and any such Assuming Lender shall be increased as of such Commitment Increase Date; provided that:\n(i) the Administrative Agent shall have received on or prior to 10:00 a.m., New York City time, on such Commitment Increase Date (A) a certificate of a duly authorized officer of the Borrower stating that each of the applicable conditions to such Commitment Increase set forth in clause (a) of this Section has been satisfied and (B) such certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the authorization of the Commitment Increase and any other legal matters relating to the Borrower, this Agreement or the Commitment Increase, all in form and substance satisfactory to the Administrative Agent and its counsel;\n(ii) with respect to each Assuming Lender, the Administrative Agent shall have received, on or prior to 10:00 a.m., New York City time, on such Commitment Increase Date, an assumption agreement in substantially the form of Exhibit B (an \u201cAssumption Agreement\u201d) duly executed by such Assuming Lender and consented to by the Borrower and the Administrative Agent; and\n(iii) each Increasing Lender shall have delivered to the Administrative Agent, on or prior to 10:00 a.m., New York City time, on such Commitment Increase Date, confirmation in writing reasonably satisfactory to the Administrative Agent as to its increased Commitment, with a copy of such confirmation to the Borrower.\n(c) Upon its receipt of confirmation from a Lender that it is increasing its Commitment hereunder, together with the certificates referred to in clause (b)(i) above, the Administrative Agent shall (i) record the information contained therein in the Register and (ii) give prompt notice thereof to the Borrower; provided that absent such Lender\u2019s confirmation of such a Commitment Increase as aforesaid, no Lender will be under any obligation to increase its Commitment hereunder. Upon its receipt of an Assumption Agreement executed by an Assuming Lender, together with the certificates referred to in clause (b)(i) above, the Administrative Agent shall, if such Assumption Agreement has been completed and is in substantially the form of Exhibit B, (x) accept such Assumption Agreement, (y) record the information contained therein in the Register and (z) give prompt notice thereof to the Borrower.\n(d) In the event that the Administrative Agent shall have received notice from the Borrower as to any agreement with respect to a Commitment Increase on or prior to the relevant Commitment Increase Date and the actions provided for in clause (b) above shall have occurred by 10:00 a.m., New York City time, on such Commitment Increase Date, the Administrative Agent shall notify the Lenders (including any Assuming Lenders) of the occurrence of such Commitment Increase promptly on such date by facsimile transmission or electronic messaging system. On the date of such Commitment Increase, the Borrower shall, to the extent necessary to ensure the Loans are held ratably by the Lenders in accordance with the respective Multi-Year Facility Commitments of such Lenders (after giving effect to such Commitment Increase) or as otherwise deemed advisable in the sole discretion of the Administrative Agent after consultation with the Borrower, (i) prepay the outstanding Loans (if any) in full, (ii) simultaneously borrow new Loans hereunder in an amount equal to such prepayment and (iii) pay to the Lenders the amounts, if any, payable under Section 2.16.", "snippet_links": [{"key": "following-the-effective-date", "type": "clause", "offset": [4, 32]}, {"key": "at-any-time", "type": "clause", "offset": [51, 62]}, {"key": "from-time-to-time", "type": "clause", "offset": [67, 84]}, {"key": "the-multi", "type": "clause", "offset": [94, 103]}, {"key": "facility-commitments", "type": "definition", "offset": [109, 129]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [185, 219]}, {"key": "increasing-lender", "type": "clause", "offset": [260, 277]}, {"key": "by-the-borrower", "type": "clause", "offset": [319, 334]}, {"key": "provide-the", "type": "clause", "offset": [436, 447]}, {"key": "commitment-increase-date", "type": "definition", "offset": [534, 558]}, {"key": "business-day", "type": "definition", "offset": [579, 591]}, {"key": "delivery-of", "type": "clause", "offset": [621, 632]}, {"key": "prior-to-the", "type": "clause", "offset": [649, 661]}, {"key": "facility-commitment-termination-date", "type": "definition", "offset": [673, 709]}, {"key": "provided-that", "type": "clause", "offset": [711, 724]}, {"key": "minimum-aggregate-amount", "type": "definition", "offset": [734, 758]}, {"key": "each-commitment-increase", "type": "clause", "offset": [762, 786]}, {"key": "after-giving", "type": "clause", "offset": [826, 838]}, {"key": "default-shall", "type": "definition", "offset": [970, 983]}, {"key": "the-commitment", "type": "definition", "offset": [1070, 1084]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [1104, 1138]}, {"key": "contained-in", "type": "definition", "offset": [1139, 1151]}, {"key": "article-iii", "type": "definition", "offset": [1152, 1163]}, {"key": "true-and-correct", "type": "clause", "offset": [1173, 1189]}, {"key": "in-all-material-respects", "type": "definition", "offset": [1190, 1214]}, {"key": "representation-and-warranty", "type": "clause", "offset": [1308, 1335]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1515, 1544]}, {"key": "agreement-or", "type": "definition", "offset": [1581, 1593]}, {"key": "future-date", "type": "definition", "offset": [1763, 1774]}, {"key": "applicable-lenders", "type": "definition", "offset": [1785, 1803]}, {"key": "credit-approvals", "type": "clause", "offset": [1824, 1840]}, {"key": "lender-hereunder", "type": "clause", "offset": [1881, 1897]}, {"key": "agent-shall", "type": "definition", "offset": [2101, 2112]}, {"key": "received-on", "type": "clause", "offset": [2118, 2129]}, {"key": "new-york-city-time", "type": "definition", "offset": [2154, 2172]}, {"key": "certificate-of", "type": "definition", "offset": [2213, 2227]}, {"key": "authorized-officer-of-the-borrower", "type": "definition", "offset": [2235, 2269]}, {"key": "conditions-to", "type": "clause", "offset": [2306, 2319]}, {"key": "in-clause", "type": "clause", "offset": [2355, 2364]}, {"key": "reasonably-request", "type": "definition", "offset": [2477, 2495]}, {"key": "relating-to", "type": "definition", "offset": [2496, 2507]}, {"key": "the-organization", "type": "definition", "offset": [2508, 2524]}, {"key": "existence-and-good-standing", "type": "clause", "offset": [2526, 2553]}, {"key": "the-authorization", "type": "clause", "offset": [2571, 2588]}, {"key": "other-legal-matters", "type": "clause", "offset": [2624, 2643]}, {"key": "to-the-borrower", "type": "definition", "offset": [2653, 2668]}, {"key": "this-agreement", "type": "clause", "offset": [2670, 2684]}, {"key": "form-and-substance", "type": "clause", "offset": [2720, 2738]}, {"key": "with-respect-to", "type": "clause", "offset": [2802, 2817]}, {"key": "assumption-agreement", "type": "clause", "offset": [2970, 2990]}, {"key": "form-of", "type": "definition", "offset": [3012, 3019]}, {"key": "exhibit-b", "type": "definition", "offset": [3020, 3029]}, {"key": "executed-by", "type": "definition", "offset": [3063, 3074]}, {"key": "consented-to-by", "type": "definition", "offset": [3100, 3115]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [3116, 3136]}, {"key": "in-writing", "type": "definition", "offset": [3336, 3346]}, {"key": "increased-commitment", "type": "clause", "offset": [3409, 3429]}, {"key": "a-copy-of", "type": "clause", "offset": [3436, 3445]}, {"key": "receipt-of-confirmation", "type": "clause", "offset": [3494, 3517]}, {"key": "the-certificates", "type": "definition", "offset": [3594, 3610]}, {"key": "the-information", "type": "clause", "offset": [3689, 3704]}, {"key": "the-register", "type": "clause", "offset": [3726, 3738]}, {"key": "notice-thereof", "type": "clause", "offset": [3760, 3774]}, {"key": "confirmation-of", "type": "clause", "offset": [3827, 3842]}, {"key": "a-commitment", "type": "definition", "offset": [3848, 3860]}, {"key": "no-lender", "type": "clause", "offset": [3884, 3893]}, {"key": "obligation-to", "type": "clause", "offset": [3912, 3925]}, {"key": "agreement-executed", "type": "clause", "offset": [3995, 4013]}, {"key": "in-the-event", "type": "clause", "offset": [4386, 4398]}, {"key": "notice-from-the-borrower", "type": "clause", "offset": [4449, 4473]}, {"key": "the-relevant", "type": "clause", "offset": [4547, 4559]}, {"key": "the-actions", "type": "clause", "offset": [4589, 4600]}, {"key": "notify-the", "type": "clause", "offset": [4754, 4764]}, {"key": "assuming-lenders", "type": "clause", "offset": [4788, 4804]}, {"key": "by-facsimile-transmission", "type": "clause", "offset": [4874, 4899]}, {"key": "electronic-messaging-system", "type": "definition", "offset": [4903, 4930]}, {"key": "date-of", "type": "clause", "offset": [4939, 4946]}, {"key": "the-borrower-shall", "type": "clause", "offset": [4973, 4991]}, {"key": "to-the-extent", "type": "clause", "offset": [4993, 5006]}, {"key": "to-ensure", "type": "clause", "offset": [5017, 5026]}, {"key": "the-loans", "type": "clause", "offset": [5027, 5036]}, {"key": "by-the-lenders", "type": "clause", "offset": [5054, 5068]}, {"key": "in-accordance-with", "type": "definition", "offset": [5069, 5087]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [5241, 5284]}, {"key": "after-consultation-with-the-borrower", "type": "clause", "offset": [5285, 5321]}, {"key": "outstanding-loans", "type": "definition", "offset": [5338, 5355]}, {"key": "loans-hereunder", "type": "clause", "offset": [5405, 5420]}, {"key": "equal-to", "type": "definition", "offset": [5434, 5442]}, {"key": "pay-to", "type": "definition", "offset": [5469, 5475]}], "samples": [{"hash": "2rrqvCLLFUp", "uri": "/contracts/2rrqvCLLFUp#increase-in-commitments", "label": "Credit Agreement (National Fuel Gas Co)", "score": 27.8802185059, "published": true}, {"hash": "2muUem5rBh8", "uri": "/contracts/2muUem5rBh8#increase-in-commitments", "label": "Credit Agreement (National Fuel Gas Co)", "score": 26.8836421967, "published": true}, {"hash": "3d1SJmt2LOM", "uri": "/contracts/3d1SJmt2LOM#increase-in-commitments", "label": "Credit Agreement (National Fuel Gas Co)", "score": 26.0787124634, "published": true}], "size": 68, "hash": "3effa907bdc327c99237c43595210448", "id": 8}, {"snippet": "(a) The Borrower may, by written notice to the Administrative Agent in substantially the form of Exhibit J, request that the total Commitments be increased by an aggregate amount not to exceed $1,500,000,000; provided that the Borrower may not make more than 3 such requests. Such notice shall set forth the amount of the requested increase (which shall be in a minimum amount of $500,000,000 and in minimum increments of $10,000,000 above that amount) and the date on which such increase is requested to become effective (which shall be not less than 10 days nor more than 60 days after the date of such notice and which, in any event, must be on or prior to the Commitment Termination Date). Upon the receipt of such request by the Administrative Agent, the Administrative Agent shall give notice promptly to each Bank substantially in the form of Exhibit K, which notice will offer each such Bank the opportunity to increase its Commitment by its applicable Pro Rata Share of the proposed increased amount. Each such Bank shall, by notice to the Borrower and the Administrative Agent substantially in the form of Exhibit L, given not more than 10 days after the date of the Administrative Agent\u2019s notice, either agree to increase its Commitment by all or a portion of the offered amount (each Bank so agreeing being an \u201cIncreasing Bank\u201d) or decline to increase its Commitment (and any Bank that does not deliver such a notice within such period of 10 days shall be deemed to have declined to increase its Commitment) (each Bank so declining or being deemed to have declined being a \u201cNon-Increasing Bank\u201d). In the event that, on the 10th day after the Administrative Agent shall have delivered a notice pursuant to the second sentence of this paragraph, the Increasing Banks shall have agreed pursuant to the preceding sentence to increase their Commitments by an aggregate amount less than the increase requested by the Borrower, the Borrower may arrange for one or more banks or other entities (any such bank or other entity being called an \u201cAugmenting Bank\u201d), which may include any Bank, to extend Bank Commitments or increase their existing Commitments in an aggregate amount equal to the unsubscribed amount; provided, however, that each Augmenting Bank that is not an existing Bank shall be subject to the prior written approval of the Administrative Agent (which approvals shall not be unreasonably withheld or delayed), and the Borrower and each Augmenting Bank that is not an existing Bank shall execute a joinder substantially in the form of Exhibit M or such other documentation as the Administrative Agent shall reasonably specify to evidence such Augmenting Bank\u2019s Commitment and/or its status as a Bank hereunder. Any such increase may be made in an amount that is less than the increase requested by the Borrower if the Borrower is unable to arrange for, or chooses not to arrange for, Augmenting Banks. The Borrower and the Administrative Agent shall execute an amendment to Schedule 1 evidencing the revised Commitments.\n(b) Each of the parties hereto hereby agrees that the Administrative Agent may take any and all actions as may be reasonably necessary to ensure that, after giving effect to any increase pursuant to this Section 2.8, the outstanding Loans (if any) are held by the Banks in accordance with their new applicable Pro Rata Shares. This may be accomplished at the reasonable discretion of the Administrative Agent, following consultation with the Borrower, (i) by requiring the outstanding Loans to be prepaid with the proceeds of a new Loan, (ii) by causing Non-Increasing Banks to assign portions of their outstanding Loans to Increasing Banks and/or Augmenting Banks, for a consideration that is not less than all principal and interest and fees accrued as to such Loans up to the effective date of such assignment or (iii) by any combination of the foregoing. Any prepayment or assignment described in this clause (b) shall be subject to Section 6.5, but shall otherwise be without premium or penalty. Notwithstanding the foregoing, no increase in the Commitments shall become effective under this Section 2.8 unless (i) on the date of such increase, (A) no Default shall have occurred and be continuing or will result from the increase in Commitments as set forth herein and (B) the representations and warranties made by the Borrower in Section 8 shall be true and correct on and as of the date of the increase in Commitments with the same force and effect as if made on and as of such date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all respects as of such earlier date), (ii) the Borrower Debt Ratings assigned by S&P and \u2587\u2587\u2587\u2587\u2587\u2019\u2587 to the Index Debt shall be equal to or better than their respective ratings of such Borrower\u2019s Index Debt in effect as of the Effective Date (after giving effect to the incurrence of the Commitment increase or Loans, as the case may be), (iii) the Administrative Agent shall have received a compliance certificate certifying and showing (in reasonable detail and with appropriate calculations and computations in all respects reasonably satisfactory to the Administrative Agent) that (A) each of the conditions set forth in the preceding clauses (i) and (ii) have been satisfied and (B) on a historical pro forma basis (after giving effect to the incurrence of the Commitment increase or Loans, as the case may be) as of the last day of the most recently completed Fiscal Quarter with respect to which, pursuant to Section 9.1, financial statements have been, or are required to have been, delivered by the Borrower, the Borrower would be in compliance with Section 9.10 as of the last day of such fiscal quarter and (iv) the Administrative Agent shall have received all fees to be mutually agreed between the Borrower and the Administrative Agent.", "snippet_links": [{"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [33, 67]}, {"key": "form-of", "type": "definition", "offset": [89, 96]}, {"key": "exhibit-j", "type": "clause", "offset": [97, 106]}, {"key": "total-commitments", "type": "definition", "offset": [125, 142]}, {"key": "increased-by", "type": "clause", "offset": [146, 158]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [172, 192]}, {"key": "provided-that", "type": "clause", "offset": [209, 222]}, {"key": "requested-increase", "type": "definition", "offset": [322, 340]}, {"key": "minimum-amount", "type": "definition", "offset": [362, 376]}, {"key": "minimum-increments", "type": "clause", "offset": [400, 418]}, {"key": "become-effective", "type": "clause", "offset": [505, 521]}, {"key": "days-after", "type": "definition", "offset": [577, 587]}, {"key": "date-of", "type": "clause", "offset": [592, 599]}, {"key": "prior-to-the", "type": "clause", "offset": [651, 663]}, {"key": "commitment-termination-date", "type": "clause", "offset": [664, 691]}, {"key": "receipt-of", "type": "clause", "offset": [703, 713]}, {"key": "agent-shall", "type": "definition", "offset": [775, 786]}, {"key": "give-notice", "type": "definition", "offset": [787, 798]}, {"key": "each-bank", "type": "clause", "offset": [811, 820]}, {"key": "exhibit-k", "type": "definition", "offset": [850, 859]}, {"key": "the-opportunity", "type": "clause", "offset": [900, 915]}, {"key": "applicable-pro-rata-share", "type": "definition", "offset": [950, 975]}, {"key": "proposed-increased-amount", "type": "definition", "offset": [983, 1008]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [1045, 1065]}, {"key": "exhibit-l", "type": "clause", "offset": [1116, 1125]}, {"key": "agree-to", "type": "clause", "offset": [1215, 1223]}, {"key": "a-portion", "type": "definition", "offset": [1258, 1267]}, {"key": "offered-amount", "type": "definition", "offset": [1275, 1289]}, {"key": "a-notice", "type": "definition", "offset": [1420, 1428]}, {"key": "period-of", "type": "definition", "offset": [1441, 1450]}, {"key": "in-the-event", "type": "clause", "offset": [1609, 1621]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1705, 1720]}, {"key": "increasing-banks", "type": "clause", "offset": [1760, 1776]}, {"key": "have-agreed", "type": "clause", "offset": [1783, 1794]}, {"key": "by-the-borrower", "type": "clause", "offset": [1916, 1931]}, {"key": "arrange-for", "type": "clause", "offset": [1950, 1961]}, {"key": "other-entities", "type": "clause", "offset": [1983, 1997]}, {"key": "other-entity", "type": "clause", "offset": [2016, 2028]}, {"key": "augmenting-bank", "type": "definition", "offset": [2046, 2061]}, {"key": "to-extend", "type": "clause", "offset": [2093, 2102]}, {"key": "bank-commitments", "type": "clause", "offset": [2103, 2119]}, {"key": "existing-commitments", "type": "clause", "offset": [2138, 2158]}, {"key": "equal-to", "type": "definition", "offset": [2182, 2190]}, {"key": "unsubscribed-amount", "type": "clause", "offset": [2195, 2214]}, {"key": "existing-bank", "type": "definition", "offset": [2276, 2289]}, {"key": "subject-to-the", "type": "clause", "offset": [2299, 2313]}, {"key": "approval-of", "type": "definition", "offset": [2328, 2339]}, {"key": "exhibit-m", "type": "definition", "offset": [2554, 2563]}, {"key": "other-documentation", "type": "definition", "offset": [2572, 2591]}, {"key": "a-bank", "type": "clause", "offset": [2712, 2718]}, {"key": "amendment-to-schedule-1", "type": "clause", "offset": [2980, 3003]}, {"key": "the-parties-hereto", "type": "clause", "offset": [3052, 3070]}, {"key": "all-actions", "type": "definition", "offset": [3132, 3143]}, {"key": "reasonably-necessary", "type": "clause", "offset": [3154, 3174]}, {"key": "to-ensure", "type": "clause", "offset": [3175, 3184]}, {"key": "after-giving", "type": "clause", "offset": [3191, 3203]}, {"key": "outstanding-loans", "type": "definition", "offset": [3261, 3278]}, {"key": "the-banks", "type": "clause", "offset": [3300, 3309]}, {"key": "in-accordance-with", "type": "definition", "offset": [3310, 3328]}, {"key": "pro-rata-shares", "type": "clause", "offset": [3350, 3365]}, {"key": "reasonable-discretion", "type": "definition", "offset": [3399, 3420]}, {"key": "loans-to", "type": "clause", "offset": [3525, 3533]}, {"key": "new-loan", "type": "definition", "offset": [3568, 3576]}, {"key": "fees-accrued", "type": "clause", "offset": [3779, 3791]}, {"key": "assignment-or", "type": "clause", "offset": [3842, 3855]}, {"key": "in-this-clause", "type": "clause", "offset": [3938, 3952]}, {"key": "section-65", "type": "clause", "offset": [3977, 3988]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [4041, 4070]}, {"key": "increase-in-the-commitments", "type": "clause", "offset": [4075, 4102]}, {"key": "default-shall", "type": "definition", "offset": [4197, 4210]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [4319, 4353]}, {"key": "section-8", "type": "definition", "offset": [4378, 4387]}, {"key": "true-and-correct", "type": "clause", "offset": [4397, 4413]}, {"key": "force-and-effect", "type": "clause", "offset": [4481, 4497]}, {"key": "in-all-respects", "type": "clause", "offset": [4660, 4675]}, {"key": "debt-ratings", "type": "definition", "offset": [4720, 4732]}, {"key": "index-debt", "type": "clause", "offset": [4768, 4778]}, {"key": "in-effect", "type": "definition", "offset": [4867, 4876]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [4877, 4901]}, {"key": "commitment-increase", "type": "clause", "offset": [4948, 4967]}, {"key": "the-case", "type": "definition", "offset": [4981, 4989]}, {"key": "a-compliance-certificate", "type": "clause", "offset": [5050, 5074]}, {"key": "calculations-and-computations", "type": "clause", "offset": [5141, 5170]}, {"key": "the-conditions", "type": "clause", "offset": [5257, 5271]}, {"key": "pro-forma-basis", "type": "definition", "offset": [5364, 5379]}, {"key": "day-of", "type": "clause", "offset": [5491, 5497]}, {"key": "fiscal-quarter", "type": "definition", "offset": [5526, 5540]}, {"key": "with-respect-to", "type": "clause", "offset": [5541, 5556]}, {"key": "pursuant-to-section", "type": "clause", "offset": [5564, 5583]}, {"key": "financial-statements", "type": "clause", "offset": [5589, 5609]}, {"key": "section-910", "type": "clause", "offset": [5719, 5731]}, {"key": "all-fees", "type": "clause", "offset": [5828, 5836]}, {"key": "mutually-agreed", "type": "definition", "offset": [5843, 5858]}], "samples": [{"hash": "7kEG7oFZ68h", "uri": "/contracts/7kEG7oFZ68h#increase-in-commitments", "label": "Credit Agreement (American Honda Finance Corp)", "score": 24.597536087, "published": true}, {"hash": "eVPsxTaOn98", "uri": "/contracts/eVPsxTaOn98#increase-in-commitments", "label": "Credit Agreement (American Honda Finance Corp)", "score": 24.4880218506, "published": true}], "size": 60, "hash": "ba0b85629fc6ee079c5ea0ff4a1865d2", "id": 9}, {"snippet": "After the Effective Date, the Company may, by written notice to the Administrative Agent, executed by the Company and one or more financial institutions (any such financial institution referred to in this Section being called a \"Prospective Lender\"), which may include any Lender, cause the Commitments of the Prospective Lenders to be increased (or cause Commitments to be extended by the Prospective Lenders, as the case may be) in an amount for each Prospective Lender set forth in such notice, provided, however, that (a) the aggregate amount of the Lenders' Commitments after giving effect to such increase shall in no event exceed $600,000,000, (b) each Prospective Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and (c) each Prospective Lender, if not already a Lender hereunder, shall become a party to this Agreement by completing and delivering to the Administrative Agent a duly executed Accession Agreement. Increases and new Commitments created pursuant to this Section shall become effective (A) in the case of Prospective Lenders already parties hereunder, on the date specified in the notice delivered pursuant to this Section and (B) in the case of Prospective Lenders not already parties hereunder, on the effective date of the Accession Agreement. Upon the effectiveness of any Accession Agreement to which any Prospective Lender is a party, (i) such Prospective Lender shall thereafter be deemed to be a party to this Agreement and shall be entitled to all rights, benefits and privileges accorded a Lender hereunder and subject to all obligations of a Lender hereunder and (ii) Schedule 2.01 shall be deemed to have been amended to reflect the Commitment of the additional Lender as provided in such Accession Agreement. Upon the effectiveness of any increase pursuant to this Section in the Commitment of a Lender already a party hereunder, Schedule 2.01 shall be deemed to have been amended to reflect the increased Commitment of such Lender. Notwithstanding the foregoing, no increase in the aggregate Commitments (or in the Commitment of any Lender) shall become effective under this Section unless, on the date of such increase, the conditions set forth in paragraphs (b) and (c) of Section 4.03 shall be satisfied (with all references in such paragraphs to a Borrowing being deemed to be references to such increase) and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Company. Following any increase of a Lender's Commitment or any extension of a new Commitment pursuant to this paragraph, any Standby Loans outstanding prior to the effectiveness of such increase or extension shall continue outstanding until the ends of the respective Interests Periods applicable thereto, and shall then be repaid or refinanced with new Standby Loans made pursuant to Sections 2.01 and 2.05.", "snippet_links": [{"key": "after-the-effective-date", "type": "clause", "offset": [0, 24]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [54, 88]}, {"key": "by-the-company", "type": "clause", "offset": [99, 113]}, {"key": "financial-institutions", "type": "definition", "offset": [130, 152]}, {"key": "commitments-of-the", "type": "clause", "offset": [291, 309]}, {"key": "prospective-lenders", "type": "definition", "offset": [310, 329]}, {"key": "aggregate-amount", "type": "definition", "offset": [530, 546]}, {"key": "the-lenders", "type": "clause", "offset": [550, 561]}, {"key": "after-giving", "type": "clause", "offset": [575, 587]}, {"key": "in-no-event", "type": "clause", "offset": [618, 629]}, {"key": "lender-hereunder", "type": "clause", "offset": [697, 713]}, {"key": "approval-of", "type": "definition", "offset": [739, 750]}, {"key": "party-to-this-agreement", "type": "clause", "offset": [911, 934]}, {"key": "duly-executed", "type": "clause", "offset": [994, 1007]}, {"key": "accession-agreement", "type": "clause", "offset": [1008, 1027]}, {"key": "new-commitments", "type": "definition", "offset": [1043, 1058]}, {"key": "become-effective", "type": "clause", "offset": [1098, 1114]}, {"key": "in-the-case", "type": "clause", "offset": [1119, 1130]}, {"key": "the-notice", "type": "clause", "offset": [1206, 1216]}, {"key": "lenders-not", "type": "clause", "offset": [1287, 1298]}, {"key": "effective-date-of-the", "type": "clause", "offset": [1333, 1354]}, {"key": "agreement-to", "type": "clause", "offset": [1416, 1428]}, {"key": "all-rights", "type": "clause", "offset": [1582, 1592]}, {"key": "obligations-of", "type": "clause", "offset": [1665, 1679]}, {"key": "the-additional-lender", "type": "clause", "offset": [1788, 1809]}, {"key": "commitment-of-a-lender", "type": "definition", "offset": [1922, 1944]}, {"key": "increased-commitment", "type": "clause", "offset": [2038, 2058]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [2075, 2104]}, {"key": "increase-in-the-aggregate-commitments", "type": "clause", "offset": [2109, 2146]}, {"key": "the-conditions", "type": "clause", "offset": [2264, 2278]}, {"key": "references-in", "type": "clause", "offset": [2360, 2373]}, {"key": "a-borrowing", "type": "definition", "offset": [2393, 2404]}, {"key": "references-to", "type": "definition", "offset": [2424, 2437]}, {"key": "agent-shall", "type": "definition", "offset": [2476, 2487]}, {"key": "officer-of-the-company", "type": "definition", "offset": [2575, 2597]}, {"key": "extension-of", "type": "clause", "offset": [2654, 2666]}, {"key": "loans-outstanding", "type": "definition", "offset": [2724, 2741]}, {"key": "prior-to-the", "type": "clause", "offset": [2742, 2754]}, {"key": "respective-interests", "type": "clause", "offset": [2848, 2868]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [2964, 2984]}], "samples": [{"hash": "lDYG1wLYhRQ", "uri": "/contracts/lDYG1wLYhRQ#increase-in-commitments", "label": "Five Year Credit Agreement (Harsco Corp)", "score": 18.0, "published": true}], "size": 54, "hash": "a5bf5ab00f2aab1007d37d4481b0d0eb", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBpbmNyZWFzZS1pbi1jb21taXRtZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 3039, "parents": [["the-commitments-and-credit-extensions", "The Commitments and Credit Extensions"], ["the-credits", "The Credits"], ["miscellaneous", "Miscellaneous"], ["credit-facilities", "Credit Facilities"], ["credit-facility", "Credit Facility"]], "children": [["conflicting-provisions", "Conflicting Provisions"], ["conditions-to-effectiveness-of-increase", "Conditions to Effectiveness of Increase"], ["effective-date-and-allocations", "Effective Date and Allocations"], ["request-for-increase", "Request for Increase"], ["lender-elections-to-increase", "Lender Elections to Increase"]], "title": "Increase in Commitments", "id": "increase-in-commitments", "related": [["optional-increase-in-commitments", "Optional Increase in Commitments", "Optional <strong>Increase in Commitments</strong>"], ["increase-in-revolving-commitments", "Increase in Revolving Commitments", "Increase in Revolving Commitments"], ["increase-in-revolving-credit-commitments", "Increase in Revolving Credit Commitments", "Increase in Revolving Credit Commitments"], ["increase-in-underwriters-commitments", "Increase in Underwriters\u2019 Commitments", "Increase in Underwriters\u2019 Commitments"], ["increase-of-the-commitments", "Increase of the Commitments", "Increase of the Commitments"]], "related_snippets": [], "updated": "2026-05-03T06:08:52+00:00", "also_ask": ["What negotiation levers exist to limit or cap increases in commitments?", "Which drafting elements are essential to protect against unilateral increases?", "What are the main legal risks if the increase mechanism is ambiguous or automatic?", "How do increase in commitment clauses differ across syndicated vs. bilateral facilities?", "What factors do courts consider when assessing the enforceability of commitment increase provisions?"], "drafting_tip": "Specify the process for increasing commitments to ensure clarity; set consent requirements to protect parties' interests; define limits to prevent overextension of obligations.", "explanation": "The \"Increase in Commitments\" clause allows parties to raise the total amount of financial commitments available under an agreement, typically a loan or credit facility. In practice, this clause outlines the process by which existing or new lenders can agree to provide additional funds, often requiring certain conditions to be met, such as lender consent or documentation updates. Its core function is to provide flexibility for borrowers to access more capital as needed, while ensuring that all parties are clear on the terms and procedures for increasing the available commitments."}, "json": true, "cursor": ""}}