Increase in the Commitments. (a) The Company may, at any time but in any event not more than once in any calendar quarter, by means of a letter to the Administrative Agent, request that the aggregate Commitments be increased (a “Commitment Increase”) as of the date specified in such letter (the “Increase Date”) by (i) increasing the Commitment of one or more Lenders that have agreed to such increase (an “Increasing Lender”) (it being understood that no Lender shall have any obligation to increase its Commitment pursuant to this Section 2.4) and/or (ii) adding one or more Eligible Assignees as a party hereto with a Commitment in an amount agreed to by such Eligible Assignee; provided that (A) in no event shall the aggregate amount of the aggregate Commitments exceed $750,000,000 and (B) the Commitment of each such Eligible Assignee shall be in an amount of $10,000,000 or more.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Mead Johnson Nutrition Co)
Increase in the Commitments. (aii) The Company may, at any time but in any event not more than once in any calendar quarter, by means of a letter to the Administrative Agent, request that the aggregate Commitments be increased (a “Commitment Increase”) as of the date specified in such letter (the “Increase Date”) by (i) increasing the Commitment of one or more Lenders that have agreed to such increase (an “Increasing Lender”) (it being understood that no Lender shall have any obligation to increase its Commitment pursuant to this Section 2.4) and/or (ii) adding one or more Eligible Assignees as a party hereto with a Commitment in an amount agreed to by such Eligible Assignee; provided that (A) in no event shall the aggregate amount of the aggregate Commitments exceed $750,000,000 500,000,000 and (B) the Commitment of each such Eligible Assignee shall be in an amount of $10,000,000 or more.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Mead Johnson Nutrition Co)