Common use of Commitment Reductions Clause in Contracts

Commitment Reductions. The Borrower may, upon five Business Days’ notice, reduce or cancel the undrawn portion of the Commitment, provided, that the amount of such reduction is not less than $10,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Piedmont Natural Gas Co Inc, Piedmont Natural Gas Co Inc

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Commitment Reductions. The Borrower may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, providedPROVIDED, that the amount of such reduction is not less than $10,000,000 500,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: North American Vaccine Inc, North American Vaccine Inc

Commitment Reductions. The Borrower Borrowers may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, provided, that the amount of such reduction is not less than -------- $10,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Nova Corp \Ga\, Nova Corp \Ga\

Commitment Reductions. The Borrower may, upon five Business Days’ notice, reduce or cancel the undrawn portion of the Commitment, provided, that the amount of such reduction is not less than $10,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Toro Co

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Commitment Reductions. The Borrower may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, provided, that the amount of such reduction is not less than $10,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: International Lease Finance Corp

Commitment Reductions. The Borrower may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, provided, that the amount of such reduction is not less than $10,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Chiron Corp)

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