Common use of Increase of Commitments Clause in Contracts

Increase of Commitments. (a) Upon at least 15 days' prior notice to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Banks), the Borrower shall have the right, subject to the terms and conditions set forth below, to increase the aggregate amount of the Commitments in multiples of $5,000,000; provided that the amount of such increase when added to the aggregate amount of all such prior increases in the Commitments hereunder (including by way of creating new Commitments), on or after the Effective Date, does not exceed $250,000,000.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Five Year Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Increase of Commitments. (a) Upon at least 15 days' prior notice By delivery of an effective Increase Notice to the Administrative Agent (which notice the Administrative Agent shall promptly transmit distribute to each of the BanksLenders), the Borrower shall have the right, subject to the terms and conditions set forth below, to may request an increase of the aggregate amount of the Commitments in multiples of $5,000,000Revolving Commitments; provided that the amount of such increase when added to provided, that, (a) the aggregate amount of all the Revolving Commitments both before and after giving effect to such prior increases in the Commitments hereunder (including by way of creating new Commitments), on or after the Effective Date, does requested increase shall not exceed $250,000,000.300,000,000, (b) no

Appears in 2 contracts

Samples: Credit Agreement (Trinity Industries Inc), Credit Agreement (Trinity Marine Products, Inc.)

Increase of Commitments. (a) Upon at least 15 days' days prior notice to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the BanksLenders), the Borrower shall have the right, subject to the terms and conditions set forth below, to increase the aggregate amount of the Commitments in multiples of $5,000,000; provided that the amount of such increase when added to the aggregate amount of all such prior increases in the Commitments hereunder (including by way of creating new Commitments), ) on or after the Effective Date, Date does not exceed $250,000,000150,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Delhaize America Inc), Credit Agreement (Delhaize Group)

Increase of Commitments. (a) Upon at least 15 five days' prior notice to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Banks), the Borrower shall have the right, subject to the terms and conditions set forth below, to increase the aggregate amount of the Commitments in multiples of $5,000,000; provided that the amount of such increase when added to the aggregate amount of all such prior increases in the Commitments hereunder (including by way of creating new Commitments), on or after the Effective Date, does not exceed $250,000,000.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Increase of Commitments. (a) Upon at least 15 five days' prior notice to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Banks), the Borrower shall have the right, until the Commitment Termination Date and subject to the terms and conditions set forth below, to increase the aggregate amount of the Commitments (but only once) in a minimum amount of $20,000,000 and in integral multiples of $5,000,0005,000,000 in excess of that amount; provided that the amount of such increase when added to the aggregate amount of all such prior increases in the Commitments then existing hereunder (including by way of creating new Commitments), on or after the Effective Date, does not exceed $250,000,000400,000,000.

Appears in 1 contract

Samples: Term Loan Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Increase of Commitments. (a) Upon at least 15 days' prior notice to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Banks), the Borrower shall have the right, subject to the terms and conditions set forth below, to increase the aggregate amount of the Commitments in multiples of $5,000,000; provided that the amount of such increase when added to the aggregate amount of all such prior increases in the Commitments hereunder (including by way of creating new Commitments), on or after the Effective Date, does not exceed $250,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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