Common use of Accordion Clause in Contracts

Accordion. The Borrowers may, by one or more notices (each, an “Accordion Notice”) to the Agent, increase the Revolver Facility from a maximum amount of US$1,000,000,000 to a maximum amount of up to but not more than US$1,150,000,000. No Lender will be deemed to have agreed to increase its Commitment by virtue of its execution of this Agreement, nor will any Lender be obligated to increase its Commitment in connection with any increase in the Revolver Facility by virtue of the giving of an Accordion Notice. It will be the responsibility of the Borrowers to arrange for Commitments from existing or new Lenders in connection with any increase in the Revolver Facility provided for in an Accordion Notice. Any proposed new Lender will be subject to the approval of the Agent, the Swingline Lenders and the Fronting Lender, such approval in each case not to be unreasonably withheld. In addition, any such proposed new Lender shall, as a condition to becoming a Lender, execute and deliver such accession or similar agreements as Lenders’ Counsel may advise are necessary or desirable in order for the new Lender to become bound by the terms and conditions of this Agreement.