Common use of Increases of Commitments Clause in Contracts

Increases of Commitments. The Parent Borrower may from time to time request that any one or more of the Lenders increase their respective Commitments or request that other Persons that would be Eligible Assignees agree to make a new Commitment; provided that the Aggregate Commitments may not exceed $350,000,000. Each increased or new Commitment resulting in an increase in the Aggregate Commitments shall be effected by a Commitment increase agreement substantially in the form of Exhibit I or a joinder agreement substantially in the form of Exhibit J, as applicable, executed by the Borrowers, the Administrative Agent and the existing Lender that has agreed to increase its Commitment or the new Lender that has agreed to a new Commitment, as the case may be. Each Borrower agrees to execute and deliver such other documents and instruments as the Administrative Agent may reasonably request in connection with any increase of the Aggregate Commitments. None of the Lenders shall be obligated to increase its Commitment. Promptly following each increase of the Aggregate Commitments pursuant to this Section, the Administrative Agent shall deliver to the Borrowers and the Lenders an amended Schedule 2.01 that gives effect to such increase.

Appears in 1 contract

Samples: Credit Agreement (FMC Technologies Inc)

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Increases of Commitments. The Parent Borrower may from time to ------------------------ time request that any one or more of the Lenders to increase their respective Commitments or request that other Persons that would be Eligible Assignees to agree to make a new Commitment; provided that the Aggregate Commitments may not exceed $350,000,000200,000,000. Each increased or new Commitment resulting in an increase in the Aggregate Commitments shall be effected by a Commitment increase agreement substantially in the form of Exhibit I H or a joinder agreement substantially in the form of Exhibit JI, as applicable, executed by the BorrowersBorrower, the Administrative Agent and the existing Lender that has agreed to increase its Commitment or the new Lender that has agreed to a new Commitment, as the case may be. Each Borrower agrees to execute and deliver such other documents and instruments as the Administrative Agent may reasonably request in connection with any increase of the Aggregate Commitments. None of the Lenders shall be obligated to increase its Commitment. Promptly following each increase of the Aggregate Commitments pursuant to this Section, the Administrative Agent shall deliver to the Borrowers Borrower and the Lenders an amended Schedule 2.01 that gives effect to such increase."

Appears in 1 contract

Samples: Credit Agreement (FMC Technologies Inc)

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