Increase Total Commitment Sample Clauses

Increase Total Commitment. The Company has the right, twice prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,000, up to a maximum aggregate of Commitments of $2,000,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from ▇▇▇▇▇’▇ and S&P are better than or equal to Baa1 and BBB+, respectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase its Commitment, by giving notice thereof to the Agent, to all or a portion of the proposed increase (the “Proposed Increased Commitment”), allocations to be at the sole discretion of the Company, and (ii) third party financial institutions reasonably acceptable to the Agent and the Company, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.

Increase Total Commitment. The Company has the right, twice prior to the initial Termination Date (and, if the Termination Date is extended pursuant to Section 2.21, twice following such extension), to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,000, up to a maximum aggregate of Commitments of $2,000,000,000, provided that, in addition to the requirements specified in Section 2.19(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from ▇▇▇▇▇’▇ and S&P are better than or equal to Baa1 and BBB+, respectively. The Company may offer the proposed increase (the “Proposed Increased Commitment”) to such Lender(s) or third party financial institutions acceptable to the Agent and each Issuing Bank (“New Lenders”) as the Borrower may select, provided that (i) such selected Lender(s) and such New Lender(s) shall have the right, but no obligation, to increase (or establish) its Commitment, by giving notice thereof to the Agent, to all or a portion of the Proposed Increased Commitment, allocations to be at the sole discretion of the Company, and (ii) that the minimum commitment of each New Lender equals or exceeds $25,000,000.

Increase Total Commitment. The Company has the right, twice a year, to increase the total of the Commitments through a Request for Alteration, in minimum increments of $25,000,000, up to a maximum aggregate of Commitments of $3,000,000,000, provided that, in addition to the Five-Year Credit Agreement 31 requirements specified in Section 2.20(b), at the time of and after giving effect to an increase, TBC’s long-term senior unsecured non-credit-enhanced debt ratings from ▇▇▇▇▇’▇ and S&P are better than or equal to Baa1 and BBB+, respectively. The Company may offer the increases to (i) the Lenders, and each Lender shall have the right, but no obligation, to increase its Commitment, by giving notice thereof to the Agent, to all or a portion of the proposed increase (the “Proposed Increased Commitment”), allocations to be at the sole discretion of the Company, and (ii) third party financial institutions reasonably acceptable to the Agent, the Company and each Issuing Bank, provided that the minimum commitment of each such institution equals or exceeds $25,000,000.