Common use of Changes of Commitments Clause in Contracts

Changes of Commitments. The Borrower shall have the right to reduce or terminate the amount of unused Commitments at any time or from time to time, provided that: (a) the Borrower shall give notice of each such reduction or termination to the Agent as provided in Section 2.08; and (b) each partial reduction shall be in an aggregate amount at least equal to $1,000,000. The Commitments once reduced or terminated may not be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Daka International Inc), Credit Agreement (Daka International Inc)

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Changes of Commitments. The Borrower shall have the right to reduce or terminate the amount of unused Commitments at any time or from time to time, provided that: (a) the Borrower shall give notice of each such reduction or termination to the Agent as provided in Section 2.082.09; and (b) each partial reduction shall be in an aggregate amount pro rata for each Banks and shall be at least equal to $1,000,000250,000 for each Bank. The Commitments once reduced or terminated may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

Changes of Commitments. The Borrower shall have the right to reduce or terminate the amount of unused Commitments at any time or from time to time, provided that: (a) the Borrower shall give notice of each such reduction or termination to the Administrative Agent as provided in Section 2.082.8; and (b) each partial reduction shall be in an aggregate amount at least equal to $1,000,000500,000 and integral multiples of $100,000 in excess thereof. The Commitments once reduced or terminated may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Nfo Worldwide Inc)

Changes of Commitments. The Borrower or the Subsidiary Borrower, as applicable, shall have the right to reduce or terminate the amount of unused Commitments at any time or from time to time, provided that: : (ai) the Borrower or the Subsidiary Borrower, as applicable, shall give notice of each such reduction or termination to the Administrative Agent as provided in Section 2.08; and (bii) each partial reduction shall be in an aggregate amount at least equal to $1,000,000. The Commitments once reduced or terminated may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (LCC International Inc)

Changes of Commitments. The Borrower shall have the right to reduce or terminate the amount of unused Commitments at any time or from time to time, provided that: (a) the Borrower shall give notice of each such reduction or termination to the Agent as provided in Section 2.08; and (b) each partial reduction shall be in an aggregate amount at least equal to $1,000,00010,000,000. The Commitments once reduced or terminated may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Frontier Corp /Ny/)

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Changes of Commitments. (a) The Borrower shall have the right to reduce or terminate the amount of the unused Commitments at any time or and from time to time, time provided that: (ai) the Borrower shall give notice of each such reduction or termination to the Agent as provided in Section 2.08; 3.1, and (bii) each partial reduction shall be allocated pro rata among the Commitments of the Banks in accordance with their respective Commitment Proportions and shall be in an aggregate amount at least equal to $5,000,000 or, if greater, in integral multiples of $1,000,000. . (b) The Commitments Commitments, once reduced or terminated may not be reinstated.

Appears in 1 contract

Samples: Revolving Credit Agreement (Genovese Drug Stores Inc)

Changes of Commitments. (a) The Borrower shall have the right to reduce or terminate the amount of unused Commitments at any time or from time to timetime prior to the Termination Date, provided that: (ai) the Borrower shall give five (5) days prior written notice of each such reduction or termination to the Agent as provided in Section 2.08Agent; and (bii) each partial reduction shall be in an aggregate amount at least equal to $1,000,000. 1,000,000 or, if greater, in integral multiples of $500,000 in excess thereof. (b) The Commitments once reduced or terminated may not be reinstated. (c) Any reduction of Commitments pursuant to this Section 2.8 shall be applied to reduce the Commitments of the Banks on a pro rata basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Funding Corp)

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