Changes of Revolving Credit Commitments. (a) The Aggregate Revolving Credit Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) hereof or (ii) the Borrowing Base as determined from time to time. (b) The Borrowers shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolving Credit Amounts at any time or from time to time upon not less than three (3) Business Days' prior notice to the 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 $2,000,000 or any whole multiple of $1,000,000 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agent. (c) The Borrowers shall have the right to terminate or to reduce the amount of the Term Commitment at any time or from time to time, prior to the 1999 Notes Redemption Date, upon notice to the 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 $2,000,000 or any whole multiple of $1,000,000 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agent. (d) The Aggregate Maximum Revolving Credit Amounts and Term Commitment once terminated or reduced may not be reinstated.
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Changes of Revolving Credit Commitments. (a) The Aggregate Revolving Credit Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Commitment Amounts after adjustments resulting from reductions pursuant to Sections 2.03(b), 2.07(b) or 2.08 or increases pursuant to Section 2.03(b2.03(d) hereof or (ii) the Borrowing Base as determined from time to time.
(b) The Borrowers Effective only as of each regularly scheduled semi-annual Redetermination Date, the Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolving Credit Commitment Amounts at any time time, or from time to time time, upon not less than three thirty (330) Business Days' days’ prior written notice to the 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 $2,000,000 5,000,000.00 or any whole multiple of $1,000,000 1,000,000.00 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agent.
(c) The Borrowers shall have the right to terminate or to reduce the amount of the Term Commitment at any time or from time to time, prior to the 1999 Notes Redemption Date, upon notice to the 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 $2,000,000 or any whole multiple of $1,000,000 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agent.
(d) The Aggregate Maximum Revolving Credit Commitment Amounts and Term Commitment once terminated or reduced may not be reinstated. 23
(d) Subject in all respects to the then applicable Borrowing Base, the Aggregate Maximum Revolving Credit Commitment Amounts may be increased in accordance with the terms and provisions of Section 12.06(h) upon Additional Lenders becoming signatory parties hereto and/or one or more of the existing Lenders increasing the amount of such Lender’s Maximum Revolving Credit Commitment; provided, however, (i) each such increase requested by the Borrower shall be in increments of $25,000,000.00 each and shall be limited to three (3) such incremental requests, each of which shall be no less than six (6) months after the implementation of the most recent previous increase hereunder and (ii) in no event shall the Aggregate Maximum Revolving Credit Commitment Amounts exceed $150,000,000.00 without the prior written consent of all of the Lenders, the Agent and the Borrower.
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Changes of Revolving Credit Commitments. (a) The Aggregate Revolving Credit Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) hereof or (ii) the Borrowing Base as determined from time to time.
(b) The Borrowers Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolving Credit Amounts at any time time, or from time to time time, upon not less than three (3) Business Days' prior notice to the 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 $2,000,000 100,000 or any whole multiple of $1,000,000 100,000 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agent.
(c) The Borrowers shall have the right to terminate or to reduce the amount of the Term Commitment at any time or from time to time, prior to the 1999 Notes Redemption Date, upon notice to the 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 $2,000,000 or any whole multiple of $1,000,000 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agent.
(d) The Aggregate Maximum Revolving Credit Amounts and Term Commitment once terminated or reduced may not be reinstated.
(d) The Agent, on a best efforts basis, will seek to find an additional financial institution that will agree to become a Lender under the Credit Agreement with a Revolving Credit Commitment of $5,000,000 and assume a 16.66666667% interest in the Term Loan. If such additional Lender becomes a party to the Credit Agreement (which may only be done prior to the Revolving Credit Termination Date), the Aggregate Maximum Credit Amounts will increase from $25,000,000 to $30,000,000 and a revised Annex I reflecting such change and any changes in Percentage Shares and Term Loan amounts of each Lender will be distributed to all parties to the Credit Agreement.
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Changes of Revolving Credit Commitments. (a) The Aggregate Revolving Credit Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Commitment Amounts after adjustments resulting from reductions pursuant to Sections 2.03(b), 2.07(b) or 2.08 or increases pursuant to Section 2.03(b2.03(d) hereof or (ii) the Borrowing Base as determined from time to time.
(b) The Borrowers Effective only as of each regularly scheduled semi-annual Redetermination Date, the Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolving Credit Commitment Amounts at any time time, or from time to time time, upon not less than three thirty (330) Business Days' days’ prior written notice to the 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 $2,000,000 5,000,000.00 or any whole multiple of $1,000,000 1,000,000.00 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agent.. 23
(c) The Borrowers shall have the right to terminate or to reduce the amount of the Term Aggregate Maximum Revolving Credit Commitment at any time or from time to time, prior to the 1999 Notes Redemption Date, upon notice to the 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 Amounts once reduced may not be less than $2,000,000 or any whole multiple of $1,000,000 in excess thereof) and shall be irrevocable and effective only upon receipt by the Agentreinstated.
(d) The Aggregate Maximum Revolving Credit Commitment Amounts may be increased in accordance with the terms and Term provisions of Section 12.06(h) upon Additional Lenders becoming signatory parties hereto and/or one or more of the existing Lenders increasing the amount of such Lender’s Maximum Revolving Credit Commitment; provided, however, in no event shall the Aggregate Maximum Revolving Credit Commitment once terminated or reduced may not be reinstatedAmounts exceed $150,000,000.00 without the prior written consent of all of the Lenders, the Agent and the Borrower.
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