Common use of Increase of Aggregate Commitment Clause in Contracts

Increase of Aggregate Commitment. 2.22.1 At any time prior to the Revolving Credit Termination Date, the Borrower shall have the ability, in consultation with the Agent (and without the consent of any non-increasing Lender), to request increases in the Aggregate Commitment; provided that (A) no Lender shall have any obligation to increase its Commitment, (B) the Borrower shall only be permitted to request such an increase on five (5) separate occasions, (C) each such requested increase shall be in a minimum principal amount of $50,000,000 or, if less, the remaining amount permitted pursuant to clause (D) below, (D) in no event shall the aggregate amount of all such increases exceed $250,000,000, (E) no Default or Unmatured Default shall have occurred and be continuing or would result from the proposed increase and (F) the Borrower shall have obtained all necessary corporate authorizations and governmental approvals in order to effect such increase.

Appears in 3 contracts

Samples: Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp), Credit Agreement (OGE Enogex Partners L.P.)

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Increase of Aggregate Commitment. 2.22.1 At any time prior to the Revolving Credit Termination Date, the Borrower shall have the abilityright to request, in consultation with the Agent (Agent, and effectuate increases in the Aggregate Commitment without the consent of any non-Lender (other than a Lender that is increasing Lenderits Commitment in connection with such request), to request increases in the Aggregate Commitment; provided that (A) no Lender shall have any obligation to increase its Commitment, (B) unless the Borrower shall only be permitted to request such an increase on five (5) separate occasionsAgent otherwise consents, (C) each such requested increase shall be in a minimum principal amount of $50,000,000 15,000,000 or, if less, the remaining amount permitted pursuant to clause (DC) below, (DC) in no event shall the aggregate amount of all such increases exceed result in the Aggregate Commitment exceeding $250,000,000650,000,000, (ED) as of the date of such proposed increase, no Default or Unmatured Default shall have occurred and be continuing or would result from the proposed increase and (FE) the Borrower shall have obtained all necessary corporate authorizations and governmental approvals in order to effect such increase.

Appears in 1 contract

Samples: Credit Agreement (Oge Energy Corp.)

Increase of Aggregate Commitment. 2.22.1 At any time prior to the Revolving Credit Termination Date, the Borrower shall have the abilityright to request, in consultation with the Agent (Agent, and effectuate increases in the Aggregate Commitment without the consent of any non-Lender (other than a Lender that is increasing Lenderits Commitment in connection with such request), to request increases in the Aggregate Commitment; provided that (A) no Lender shall have any obligation to increase its Commitment, (B) unless the Borrower shall only be permitted to request such an increase on five (5) separate occasionsAgent otherwise consents, (C) each such requested increase shall be in a minimum principal amount of $50,000,000 15,000,000 or, if less, the remaining amount permitted pursuant to clause (DC) below, (DC) in no event shall the aggregate amount of all such increases exceed result in the Aggregate Commitment exceeding $250,000,000950,000,000, (ED) as of the date of such proposed increase, no Default or Unmatured Default shall have occurred and be continuing or would result from the proposed increase and (FE) the Borrower shall have obtained all necessary corporate authorizations and governmental approvals in order to effect such increase.

Appears in 1 contract

Samples: Credit Agreement (Oge Energy Corp.)

Increase of Aggregate Commitment. 2.22.1 At any time prior to the Revolving Credit Termination Date, the Borrower shall have the ability, in consultation with the Agent (and without the consent of any non-increasing Lender)Agent, to request increases in the Aggregate Commitment; provided that (A) no Lender shall have any obligation to increase its Commitment, (B) the Borrower shall only be permitted to request such an increase on five four (54) separate occasions, (C) each such requested increase shall be in a minimum principal amount of $50,000,000 10,000,000 or, if less, the remaining amount permitted pursuant to clause (D) below, (D) in no event shall the aggregate amount of all such increases exceed $250,000,000200,000,000, (E) no Default or Unmatured Default shall have occurred and be continuing or would result from the proposed increase and (F) the Borrower shall have obtained all necessary corporate authorizations and governmental approvals in order to effect such increase.

Appears in 1 contract

Samples: Credit Agreement (Oge Energy Corp.)

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Increase of Aggregate Commitment. 2.22.1 At any time prior to the Revolving Credit Termination Date, the Borrower shall have the abilityright to request, in consultation with the Agent (Agent, and effectuate increases in the Aggregate Commitment without the consent of any non-Lender (other than a Lender that is increasing Lenderits Commitment in connection with such request), to request increases in the Aggregate Commitment; provided that (A) no Lender shall have any obligation to increase its Commitment, (B) unless the Borrower shall only be permitted to request such an increase on five (5) separate occasionsAgent otherwise consents, (C) each such requested increase shall be in a minimum principal amount of $50,000,000 15,000,000 or, if less, the remaining amount permitted pursuant to clause (DC) below, (DC) in no event shall the aggregate amount of all such increases exceed result in the Aggregate Commitment exceeding $250,000,000550,000,000, (ED) as of the date of such proposed increase, no Default or Unmatured Default shall have occurred and be continuing or would result from the proposed increase and (FE) the Borrower shall have obtained all necessary corporate authorizations and governmental approvals in order to effect such increase.

Appears in 1 contract

Samples: Credit Agreement (Oge Energy Corp.)

Increase of Aggregate Commitment. 2.22.1 At any time prior to the Revolving Credit Termination Date, the Borrower shall have the ability, in consultation with the Agent (and without the consent of any non-increasing Lender)Agent, to request increases in the Aggregate Commitment; provided that (A) no Lender shall have any obligation to increase its Commitment, (B) the Borrower shall only be permitted to request such an increase on five four (54) separate occasions, (C) each such requested increase shall be in a minimum principal amount of $50,000,000 10,000,000 or, if less, the remaining amount permitted pursuant to clause (D) below, (D) in no event shall the aggregate amount of all such increases exceed $250,000,000150,000,000, (E) no Default or Unmatured Default shall have occurred and be continuing or would result from the proposed increase and (F) the Borrower shall have obtained all necessary corporate authorizations and governmental approvals in order to effect such increase.

Appears in 1 contract

Samples: Credit Agreement (Oge Energy Corp.)

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