Common use of Increase of Commitments; Additional Lenders Clause in Contracts

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Date and upon at least 20 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent may reasonably agree), the Borrowers may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 at any time in effect.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Noble Corp PLC), Senior Secured Revolving Credit Agreement (Paragon Offshore Ltd.)

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Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Date and upon at least 20 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent and Company may reasonably agree), the Borrowers Company may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 2,000,000,000 at any time in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Effective Date and upon at least 20 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent and Company may reasonably agree), the Borrowers Company may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 800,000,000 at any time in effect.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Noble Corp)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Date and Initial Availability Date, the Borrower may, upon at least 20 30 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent may reasonably agree)Agent, the Borrowers may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 1,000,000,000 at any time in effecteffect (the amount of any such increase, the “Additional Commitment Amount”).

Appears in 1 contract

Samples: Revolving Credit Agreement (Transocean Inc)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Effective Date and upon at least 20 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent and Company may reasonably agree), the Borrowers Company may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 1,500,000,000 at any time in effect.. [Revolving Credit Agreement]

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp / Switzerland)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Effective Date and upon at least 20 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent and Company may reasonably agree), the Borrowers Company may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 3,500,000,000 at any time in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Date and Initial Availability Date, the Company may, upon at least 20 30 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent may reasonably agree)Agent, the Borrowers may elect to increase the Revolving Credit Commitment Amount up to a total in an amount such that the Revolving Credit Commitment Amount (after giving effect thereto) shall not to exceed $1,100,000,000 800,000,000 at any time in effecteffect (the amount of any such increase, the “Additional Commitment Amount”).

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp)

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Increase of Commitments; Additional Lenders. (a) So From time to time after the Effective Date, so long as no Default or Event of Default has occurred and is continuingcontinuing on the applicable Commitment Increase Effective Date, from time to time after the Funding Date and Borrower may, upon at least 20 30 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent may reasonably agree)Agent, the Borrowers may elect to increase the Revolving Credit Commitment Amount Commitments in minimum increments of $10,000,000 up to a total maximum aggregate amount not to (after giving effect thereto) of $600,000,000. In no event shall the aggregate Commitments of all Lenders exceed $1,100,000,000 600,000,000 at any time in effecttime.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pride International Inc)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Effective Date and upon at least 20 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent and Company may reasonably agree), the Borrowers Company may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 425,000,000 at any time in effect.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Noble Corp)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Date and Initial Availability Date, the Borrower may, upon at least 20 30 days’ written notice to the Administrative Agent (or such shorter period as Administrative Agent may reasonably agree)Agent, the Borrowers may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 750,000,000 at any time in effecteffect (the amount of any such increase, the “Additional Commitment Amount”).

Appears in 1 contract

Samples: Revolving Credit Agreement (Globalsantafe Corp)

Increase of Commitments; Additional Lenders. (a) So long as no Event of Default has occurred and is continuing, from time to time after the Funding Date and Initial Availability Date, the Borrower may, upon at least 20 30 days' written notice to the Administrative Agent (or such shorter period as Administrative Agent may reasonably agree)Agent, the Borrowers may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $1,100,000,000 at 1,000,000,000 (the amount of any time in effectsuch increase, the "Additional Commitment Amount").

Appears in 1 contract

Samples: Revolving Credit Agreement (Transocean Inc)

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