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Commitment
Commitment contract clause examples

Increase in Aggregate Commitment. (i) The Company may at any time propose that the Aggregate Commitment be increased (the amount of such increase being a “Commitment Increase”), effective as at a date prior to the Termination Date and at least 15 days after the Company proposes any such increase to the Agent in writing (an “Increase Date”) as to which agreement is to be reached by an earlier date specified in such notice (a “Commitment Date”); provided, however, that # the Company may not propose more than two Commitment Increases in any calendar year, # the Company may not propose more than five Commitment Increases pursuant to this Agreement, # the minimum proposed Commitment Increase per notice shall be $10,000,000, # in no event shall the Aggregate Commitment hereunder at any time exceed $4,500,000,000, and # no Default or Unmatured Default shall have occurred and be continuing on such Increase Date. The Agent shall notify [[Organization B:Organization]] thereof promptly upon its receipt of any such notice. The Agent agrees that it will cooperate with the Company in discussions with [[Organization B:Organization]] and other lending institutions with a view to arranging the proposed Commitment Increase through the increase of the Commitments of one or more of [[Organization B:Organization]] (each such Lender that is willing to increase its Commitment hereunder being an “Increasing Lender”) and/or through Commitments provided by one or more Assuming [[Organization B:Organization]]; provided, however, that it shall be in each Lender’s sole discretion whether to increase its Commitment hereunder in connection with the proposed Commitment Increase; and provided further that the minimum Commitment of each Assuming Lender that becomes a party to this Agreement pursuant to this [Section 2.6(c)] shall be at least equal to $10,000,000. If agreement is reached on or prior to the applicable Commitment Date with any Increasing [[Organization B:Organization]] and Assuming [[Organization B:Organization]] as to a Commitment Increase (which may be less than but not greater than specified in the applicable notice from the Company), such agreement to be evidenced by a notice in reasonable detail from the Company to the Agent on or prior to the applicable Commitment Date, such Assuming [[Organization B:Organization]], if any, shall become [[Organization B:Organization]] hereunder as of the applicable Increase Date and the Commitments of such Increasing [[Organization B:Organization]] and such Assuming [[Organization B:Organization]] shall become or be, as the case may be, as of the Increase Date, the amounts specified in such notice; provided that:

Increase in Aggregate Commitment. (i) The Company may at any time propose that the Aggregate Commitment be increased (the amount of such increase being a “Commitment Increase”), effective as at a date prior to the Termination Date and at least 15 days after the Company proposes any such increase to the Agent in writing (an “Increase Date”) as to which agreement is to be reached by an earlier date specified in such notice (a “Commitment Date”); provided, however, that # the Company may not propose more than two Commitment Increases in any calendar year, # the Company may not propose more than five Commitment Increases pursuant to this Agreement, # the minimum proposed Commitment Increase per notice shall be $10,000,000, # in no event shall the Aggregate Commitment hereunder at any time exceed $4,500,000,000, and # no Default or Unmatured Default shall have occurred and be continuing on such Increase Date. The Agent shall notify [[Organization B:Organization]] thereof promptly upon its receipt of any such notice. The Agent agrees that it will cooperate with the Company in discussions with [[Organization B:Organization]] and other lending institutions with a view to arranging the proposed Commitment Increase through the increase of the Commitments of one or more of [[Organization B:Organization]] (each such Lender that is willing to increase its Commitment hereunder being an “Increasing Lender”) and/or through Commitments provided by one or more Assuming [[Organization B:Organization]]; provided, however, that it shall be in each Lender’s sole discretion whether to increase its Commitment hereunder in connection with the proposed Commitment Increase; and provided further that the minimum Commitment of each Assuming Lender that becomes a party to this Agreement pursuant to this [Section 2.6(c)] shall be at least equal to $10,000,000. If agreement is reached on or prior to the applicable Commitment Date with any Increasing [[Organization B:Organization]] and Assuming [[Organization B:Organization]] as to a Commitment Increase (which may be less than but not greater than specified in the applicable notice from the Company), such agreement to be evidenced by a notice in reasonable detail from the Company to the Agent on or prior to the applicable Commitment Date, such Assuming [[Organization B:Organization]], if any, shall become [[Organization B:Organization]] hereunder as of the applicable Increase Date and the Commitments of such Increasing [[Organization B:Organization]] and such Assuming [[Organization B:Organization]] shall become or be, as the case may be, as of the Increase Date, the amounts specified in such notice; provided that:

Increase in Aggregate Commitment. (a) The Company may at any time propose that the Aggregate Commitment be increased (the amount of such increase being a “Commitment Increase”), effective as at a date prior to the Termination Date and at least 15 days after the Company proposes any such increase to the Agent in writing (an “Increase Date”) as to which agreement is to be reached by an earlier date specified in such notice (a “Commitment Date”); provided, however, that # the Company may not propose more than two Commitment Increases in any calendar year, # the Company may not propose more than five Commitment Increases pursuant to this Agreement, # the minimum proposed Commitment Increase per notice shall be $10,000,000, # in no event shall the Aggregate Commitment hereunder at any time exceed $5,000,000,000, and # no Default or Unmatured Default shall have occurred and be continuing on such Increase Date. The Agent shall notify the [[Lenders:Organization]] thereof promptly upon its receipt of any such notice. The Agent agrees that it will cooperate with the Company in discussions with the [[Lenders:Organization]] and other lending institutions with a view to arranging the proposed Commitment Increase through the increase of the Commitments of one or more of the [[Lenders:Organization]] (each such Lender that is willing to increase its Commitment hereunder being an “Increasing Lender”) and/or through Commitments provided by one or more Assuming [[Lenders:Organization]]; provided, however, that it shall be in each Lender’s sole discretion whether to increase its Commitment hereunder in connection with the proposed Commitment Increase; and provided further that the minimum Commitment of each Assuming Lender that becomes a party to this Agreement pursuant to this [Section 2.6.3] shall be at least equal to $10,000,000. If agreement is reached on or prior to the applicable Commitment Date with any Increasing [[Lenders:Organization]] and Assuming [[Lenders:Organization]] as to a Commitment Increase (which may be less than but not greater than specified in the applicable notice from the Company), such agreement to be evidenced by a notice in reasonable detail from the Company to the Agent on or prior to the applicable Commitment Date, such Assuming [[Lenders:Organization]], if any, shall become [[Lenders:Organization]] hereunder as of the applicable Increase Date and the Commitments of such Increasing [[Lenders:Organization]] and such Assuming [[Lenders:Organization]] shall become or be, as the case may be, as of the Increase Date, the amounts specified in such notice; provided that:

SECTION # Increase in the Aggregate Commitments. (a) The [[Organization A:Organization]] may, at any time but in any event not more than twice in any calendar year prior to the Termination Date, by notice to the [[Organization B:Organization]], request that the aggregate amount of the Commitments be increased by an amount of $10,000,000 or an integral multiple of $10,000,000 in excess thereof (each a “Commitment Increase”) to be effective as of a date that is at least 45 days prior to the scheduled Termination Date (without giving effect to the proviso contained in the definition thereof) then in effect (the “Increase Date”) as specified in the related notice to the [[Organization B:Organization]]; provided, however, that # in no event shall the aggregate amount of the Commitments at any time exceed $2,900,000,000 and # the applicable conditions precedent set forth in Section 3.02 shall have been satisfied as of the date of such request and as of the applicable Increase Date.

In the event that the Agent shall have received notice from the Company as to its agreement to a Commitment Increase on or prior to the applicable Commitment Date and each of the actions provided for in clauses (i)(x) through (i)(z) above shall have occurred prior to 10:00 a.m. (Chicago time) on the applicable Increase Date to the satisfaction of the Agent, the Agent shall promptly notify [[Organization B:Organization]] (including any Assuming [[Organization B:Organization]]) and the Company of the occurrence of such Commitment Increase and shall record in its records the relevant information with respect to each Increasing Lender and Assuming Lender. Each Increasing Lender and each Assuming Lender shall, before 2:00 p.m. (Chicago time) on the applicable Increase Date, make available to the Agent in accordance with the provisions of Section 2.5 (or at such other time as shall be agreed among the Agent, the applicable [[Organization B:Organization]] and the Company), in same day funds, in the case of such Assuming Lender, an amount equal to such Assuming Lender’s

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