Common use of Changes of Commitments Clause in Contracts

Changes of Commitments. (a) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Amounts at any time, or from time to time, upon not less than thirty (30) days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than $5,000,000 or any whole multiple of $1,000,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Revolver Loans plus the LC Exposure plus all Swingline Loans then outstanding) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (b) The Aggregate Maximum Revolver Amounts, once terminated or reduced, may not be reinstated.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Atlas Pipeline Holdings, L.P.), Revolving Credit and Term Loan Agreement (Atlas Pipeline Partners Lp)

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Changes of Commitments. (a) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Amounts at any time, or from time to time, upon not less than thirty (30) days' prior notice to the Administrative Agent (which who shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than One Million Dollars ($5,000,000 1,000,000) or any whole multiple of One Million Dollars ($1,000,000 1,000,000) in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Revolver Loans plus the LC Exposure plus all Swingline Loans then outstandingExposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (b) The Aggregate Maximum Revolver Amounts, once terminated or reduced, may not be reinstated.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Atlas Pipeline Holdings, L.P.), Revolving Credit and Term Loan Agreement (Atlas Pipeline Partners Lp)

Changes of Commitments. (a) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Amounts at any time, or from time to time, upon not less than thirty (30) days' prior notice to the Administrative Agent (which who shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than $5,000,000 1,000,000 or any whole multiple of $1,000,000 in excess thereof, ; and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Revolver Loans plus the LC Exposure plus all Swingline Loans then outstandingExposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (b) The Except as increased in accordance with SECTION 2.11, the Aggregate Maximum Revolver Amounts, once terminated or reduced, may not be reinstated.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Atlas America Inc)

Changes of Commitments. (a) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Amounts at any time, or from time to time, upon not less than thirty (30) days’ prior notice to the Administrative Agent (which who shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than $5,000,000 1,000,000 or any whole multiple of $1,000,000 in excess thereof, ; and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Revolver Loans plus the LC Exposure plus all Swingline Loans then outstandingExposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (b) The Except as increased in accordance with Section 2.11, the Aggregate Maximum Revolver Amounts, once terminated or reduced, may not be reinstated.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Atlas Pipeline Partners Lp)

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Changes of Commitments. (a) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Amounts at any time, or from time to time, upon not less than thirty (30) days' prior notice to the Administrative Agent (which who shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($5,000,000 3,000,000) or any whole multiple of One Million Dollars ($1,000,000 1,000,000) in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Revolver Loans plus the LC Exposure plus all Swingline Loans then outstandingExposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (b) The Aggregate Maximum Revolver Amounts, once terminated or reduced, may not be reinstated.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atlas Pipeline Holdings, L.P.)

Changes of Commitments. (a) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Amounts at any time, or from time to time, upon not less than thirty (30) days’ prior notice to the Administrative Agent (which who shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than One Million Dollars ($5,000,000 1,000,000) or any whole multiple of One Million Dollars ($1,000,000 1,000,000) in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Revolver Loans plus the LC Exposure plus all Swingline Loans then outstandingExposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (b) The Aggregate Maximum Revolver Amounts, once terminated or reduced, may not be reinstated.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Atlas America Inc)

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