Increase in the Aggregate Commitments. (a) The Borrower Representative may, at any time but in any event not more than once in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least thirty (30) days prior to the latest scheduled Facility Termination Date (or such later date as the Administrative Agent may agree) then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at any time exceed $1,600,000,000 and (ii) on the date of any request by the Borrower Representative for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article IV shall be satisfied. (b) The Borrower Representative may, but shall not be obligated to, offer the increase to (a) its existing Lenders and/or (b)
Appears in 7 contracts
Sources: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)
Increase in the Aggregate Commitments. (a) The Borrower Representative may, at any time but in any event not more than once in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least thirty (30) days prior to the latest scheduled Facility Termination Date (or such later date as the Administrative Agent may agree) then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at any time exceed $1,600,000,000 750,000,000 and (ii) on the date of any request by the Borrower Representative for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article IV shall be satisfied.
(b) The Borrower Representative may, but shall not be obligated to, offer the increase to (a) its existing Lenders and/or (b)
Appears in 2 contracts
Sources: Credit Agreement (Aon PLC), Five Year Credit Agreement (Aon PLC)
Increase in the Aggregate Commitments. (a) The Borrower ParentBorrower Representative may, at any time but in any event not more than once in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least thirty (30930) days prior to the latest scheduled Facility Termination Date (or such later date as the Administrative Agent may agree) then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at any time exceed $1,600,000,000 1,500,000,000 and (ii) on the date of any request by the Borrower ParentBorrower Representative for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article IV shall be satisfied.
(b) The Borrower Representative may, but shall not be obligated to, offer the increase to (a) its existing Lenders and/or (b)
Appears in 1 contract
Sources: Five Year Credit Agreement (Aon PLC)
Increase in the Aggregate Commitments. (a) The Borrower ParentBorrower Representative may, at any time but in any event not more than once in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least thirty (30) days prior to the latest scheduled Facility Termination Date (or such later date as the Administrative Agent may agree) then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at any time exceed $1,600,000,000 750,000,000 and (ii) on the date of any request by the Borrower ParentBorrower Representative for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article IV shall be satisfied.
(b) The Borrower ParentBorrower Representative may, but shall not be obligated to, offer the increase to (a) its existing Lenders and/or (b)
Appears in 1 contract
Sources: Five Year Credit Agreement (Aon PLC)
Increase in the Aggregate Commitments. (a) The Borrower Representative may, at any time but in any event not more than once three times in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment aggregate amount of each of the Revolving Credit Commitments and the Letter of Credit Commitments be increased by an amount of $10,000,000 or an integral multiple thereof (each a “"Commitment Increase”") to be effective as of a date that is at least thirty (30) 60 days prior to the latest scheduled Facility Termination Date (or such later date as the Administrative Agent may agree) then in effect (the “"Increase Date”") as specified in the related notice to the Administrative Agent; provided, however that (i) in no event shall the aggregate amount of the Revolving Credit Commitments or the Letter of Credit Commitments at any time exceed $1,600,000,000 450,000,000 and (ii) on the date of any request by the Borrower Representative for a Commitment Increase and on the related Increase Date Date, the applicable conditions set forth in Article IV III shall be satisfied.
(b) The Agent shall promptly notify the Lenders of a request by the Borrower Representative mayfor a Commitment Increase, but which notice shall not be obligated to, offer include (i) the increase to (a) its existing Lenders and/or (b)proposed amount of such requested Commitment Increase,
Appears in 1 contract
Sources: Credit Agreement (Consol Energy Inc)
Increase in the Aggregate Commitments. (a) The Borrower ParentBorrower Representative may, at any time but in any event not more than once in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least thirty (30930) days prior to the latest scheduled Facility Termination Date (or such later date as the Administrative Agent may agree) then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at any time exceed $1,600,000,000 1,500,000,000 and (ii) on the date of any request by the Borrower ParentBorrower Representative for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article IV shall be satisfied.
(b) The Borrower Representative may, but shall not be obligated to, offer the increase to (a) its existing Lenders and/or (b)
Appears in 1 contract
Sources: Five Year Credit Agreement
Increase in the Aggregate Commitments. (a) The Borrower Representative Parent may, at any time but in any event not more than once in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment be increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least thirty (30) days prior to the latest scheduled Facility Termination Date (or such later date as the Administrative Agent may agree) then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at any time exceed $1,600,000,000 750,000,000 and (ii) on the date of any request by the Borrower Representative Parent for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Article IV shall be satisfied.
(b) The Borrower Representative Parent may, but shall not be obligated to, offer the increase to (a) its existing Lenders and/or (b)
Appears in 1 contract
Sources: Credit Agreement (Aon PLC)