Adjustment of Commitments. (a) OPTIONAL INCREASE OF REVOLVING AND TERM B COMMITMENTS.
Adjustment of Commitments. Each party hereto agrees that so long as the total Commitment of a Lender stays the same and the sum of the Domestic Revolving Commitments and the Global Revolving Commitments does not exceed the Aggregate Commitment, the Domestic Revolving Commitment and the Global Revolving Commitment of such Lender can be changed with the consent of only the Borrower, Administrative Agent, and the affected Lender, and upon any such change, Schedule 1 shall be deemed modified to reflect such change and the Domestic Revolving Commitment amount and Global Revolving Commitment amount set forth in the definitions thereof shall be further deemed amended to reflect such change.
Adjustment of Commitments. The signature pages to the Agreement are ------------------------- hereby amended by deleting the amount of the Commitment of each Investor set forth on the signature pages of the Agreement and inserting in lieu therefor the amount set forth opposite such Investor's respective signature hereto.
Adjustment of Commitments. In the event that the Secretary determines, pursuant to the Act, that the aggregate principal amount of the Obligations, issued by Shipowner to the purchaser pursuant to the Indenture dated October 16, 2000, eligible for Guarantee under the Act is greater or less than $37,900,000 on the Closing Date, the Shipowner may increase or decrease the total principal amount of Obligations to be issued by not more than 5 percent.
Adjustment of Commitments. 25 Section 4. Payments ......................................................... 26
Adjustment of Commitments. (a) Upon at least three ------------------------- Business Days' prior written notice to the Agent at its Notice Office (which notice the Agent shall promptly transmit to each of the Banks), the Company shall have the right, without premium or penalty, to terminate the Total Unutilized Commitment in whole or in part, in integral multiples of $25,000,000 in the case of partial terminations, provided that any such termination shall apply proportionately to the Commitment of each of the Banks.
Adjustment of Commitments. The Borrower may from time to time permanently reduce or terminate the Commitments in whole or in part without penalty or premium (in minimum amounts of $5,000,000 or in integral multiples of $1,000,000 in excess thereof (or, if less, the full remaining amount of the then applicable Commitment)) upon three (3) Business Days’ prior written or telecopy notice to the Administrative Agent, which notice shall be irrevocable once delivered to the Administrative Agent; provided that, if such reduction is in part, after giving effect to such reduction the Commitments shall not be less than $100,000,000. The Administrative Agent shall promptly notify each affected Lender of the receipt by the Administrative Agent of any notice from the Borrower pursuant to this Section 2.08(a). Any partial reduction of the Commitment pursuant to this Section 2.08(a) shall be applied to the Commitments of the Lenders pro rata based upon their respective Commitment Percentages.
Adjustment of Commitments. The Borrower may reduce the Commitments by giving the Agent notice (which shall be irrevocable) thereof no later than 10:00 a.m. on the third Business Day before the requested date of such reduction, except that no partial reduction of the Commitments shall be in an aggregate amount less than $1,000,000. Upon receipt of any such notice, the Agent shall promptly notify each Bank of the contents thereof and the amount to which such Bank's Commitment is to be irrevocably reduced. Once reduced, the Commitments may not be increased by the Borrower at any time thereafter.
Adjustment of Commitments. 35 7.04 Notices to the Lenders.........................................................................35 Section 8. The Agent......................................................................................35
Adjustment of Commitments. Each Lender's Commitment shall be reduced concurrently with any reduction of the Stated Amount of any Letter of Credit by its Percentage of such reduction.
