Changes of Commitment. The Borrowers shall have the right to reduce or terminate the amount of the unused portion of the Commitment at any time or from time to time, provided that: (i) the Borrowers shall give notice of each such reduction or termination to the Bank as provided in Section 2.8; and (ii) each partial reduction shall be in an aggregate amount at least equal to $500,000. Once reduced or terminated, the Commitment may not be reinstated.
Changes of Commitment. (a) The Borrower shall have the right to request a one-time increase to the amount of the Commitment of up to $30 million (such that, following such $30 million increase, the aggregate principal amount at any one time outstanding under this Agreement may equal but shall not exceed $60 million); provided that the Lender shall have the right either to approve or to deny such request in whole or in part in its sole discretion. In connection with such a request, the Borrower shall deliver to the Lender a notice of the request not later than 11:00 a.m. Eastern time on the date ten (10) Business Days prior to the date upon which the requested increase shall become effective. Such notice shall specify the amount of the increase in the Commitment requested by the Borrower and the requested effective date of such increase. No later than five (5) Business Days following receipt of such a notice pursuant to this Section 2.3(a), the Lender shall notify the Borrower as to whether the requested increase to the amount of the Commitment has been approved or denied in whole or in part; provided that any failure by the Lender to deliver such notice shall be deemed to be a denial of the requested increase.
(b) The Commitment shall be automatically reduced to zero on the earlier of (i) 5:00 p.m. Eastern time on the last day of the Availability Period and (ii) the date on which a Change of Control of the Borrower shall occur.
(c) The Borrower shall have the right to terminate or reduce the unused amount of the Commitment at any time or from time to time upon not less than three (3) Business Days’ prior notice to the Lender; provided that the Borrower may not reduce the Commitment to an amount less than the aggregate principal amount of all Loans then outstanding under the Agreement. The Commitment once terminated or reduced pursuant to this Section 2.3 may not be reinstated. Following such a termination or reduction in the unused amount of the Commitment, any Loans made by the Lender shall remain outstanding, and shall become due in accordance with the terms of this Agreement.
Changes of Commitment. The Commitment shall be automatically reduced to zero at 5:00 p.m. ET on the Commitment Termination Date.
Changes of Commitment. Borrower may reduce or terminate the amount of unused Revolving Credit Commitment from time to time but not more than four times during the term of this Agreement or more than once during any calendar year by giving notice to the Bank of each such reduction or termination to the Bank as provided in Section 4.01. Any partial reduction shall be in a minimum aggregate amount of $1,000,000 or, if greater, in integral multiples of $250,000. Once reduced or terminated, the Revolving Credit Commitment may not be reinstated.
Changes of Commitment. The amount of the Commitment shall be automatically reduced to zero on the Commitment Termination Date, provided that any portion of the Commitment exceeding the principal amount of the Loan made pursuant to Section 2.01 hereof shall be automatically terminated. The Commitment once terminated or reduced may not be reinstated.
Changes of Commitment. (a) The Commitments shall be automatically reduced to zero at the close of business on the date falling one month prior to the Maturity Date.
(b) The Borrower may, upon three (3) Business Days’ notice to the Administrative Agent, terminate in whole or reduce in part ratably any unused portion of the Commitments, without premium or penalty, but subject to any costs that may be owing pursuant to Section 2.15 after giving effect to such termination or reduction; provided, however, that each partial reduction shall be in an aggregate amount that is not less than $5,000,000 and an integral multiple of $1,000,000 in excess of that amount; provided, further, that the Borrower shall not terminate or reduce the aggregate Commitments if the aggregate outstanding principal amount of the Loans would exceed the aggregate Commitments.
(c) A Commitment once terminated may not be reinstated.
Changes of Commitment. The Borrowers may terminate or reduce the amount of the unused Commitments at any time or from time to time upon not less than five Business Days' prior written notice to each Bank of each such termination or reduction, which notice shall specify the effective date thereof and the amount of such reduction (which shall not
Changes of Commitment. (a) The Company shall make any mandatory prepayments required by Section 2.07(b) hereof resulting from such Commitment reduction on the date of such Commitment reduction. The reduction in the Commitment under this Section 2.03(a) shall be in addition to any reduction in the Commitment pursuant to Section 2.03(b) below.
(b) The Company shall have the right at any time or from time to time (i) so long as no Loans are outstanding, to terminate the Commitment and (ii) to reduce the unused amount of the Commitment; provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.04 hereof, and (y) each partial reduction shall be in an amount at least equal to $500,000 and in multiples of $100,000 in excess thereof.
(c) The Commitment shall be automatically reduced to zero at the close of business on the Revolving Credit Termination Date.
(d) The Commitment once terminated or reduced may not be reinstated.
Changes of Commitment. 16 2.04 Fees...........................................................16 2.05 Note...........................................................16 2.06
Changes of Commitment. The Borrower shall have the right to terminate or reduce the Commitment at any time or from time to time, provided that: (i) the Borrower shall give notice of each such termination or reduction as provided in Section 4.05; (ii) each partial reduction shall be in an amount at least equal to $1,000,000; and (iii) if after giving effect to such termination or reduction of the Commitment the outstanding principal amount of the Loans shall exceed the Commitment, then the Borrower shall prepay the Loans in an amount equal to such excess together with interest accrued thereon to the date of prepayment plus any amounts payable in respect of such prepayment pursuant to Section 5.04. The Commitment once terminated or reduced may not be reinstated or increased.
