Common use of Notice of Commitment Reduction Clause in Contracts

Notice of Commitment Reduction. Pursuant to Section 2.5(c) of the ------------------------------ Credit Agreement, the Borrower hereby gives notice that it terminates the Commitments in part in the aggregate amount of $100,000,000. The Agent and the Lenders hereby waive the requirement of five (5) Business Days' prior written notice. Such Commitment reduction shall be effective on the date hereof.

Appears in 2 contracts

Samples: Credit Agreement (Markel Holdings Inc), Credit Agreement (Markel Corp)

AutoNDA by SimpleDocs

Notice of Commitment Reduction. Pursuant to Section 2.5(c) of the ------------------------------ Credit Agreement, the Borrower hereby gives notice that it terminates the Commitments in part in the an aggregate amount of $100,000,000, such termination to be effective simultaneously with the prepayment contemplated by Section 3.1 hereof. The In the event that the prepayment contemplated by Section 3.1 hereof occurs prior to the date five (5) Business Days after the date hereof, the Agent and the Lenders hereby waive the notice requirement of five (5) Business Days' prior written notice. Such Commitment reduction shall be effective on the date hereofwith respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

AutoNDA by SimpleDocs

Notice of Commitment Reduction. Pursuant to Section 2.5(c) of the ------------------------------ Credit Agreement, the Borrower hereby gives notice that it terminates the Commitments in part in the aggregate amount of $100,000,000. The Agent and the Lenders hereby waive the requirement of five (5) Business Days' prior written notice. Such Commitment reduction shall be effective on the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.