Common use of Optional Prepayments and Reductions of Commitments Clause in Contracts

Optional Prepayments and Reductions of Commitments. The Borrowers may, subject to the provisions of this Agreement, prepay Accommodations Outstanding under the Revolving Credit Facility, and reduce the Commitments (upon three Business Days’ prior notice), at any time without premium or penalty.

Appears in 4 contracts

Samples: Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp)

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Optional Prepayments and Reductions of Commitments. The Borrowers may, subject to the provisions of this Agreement, prepay Accommodations Outstanding under the Revolving Credit Facility, and reduce the Commitments (upon three Business Days’ prior notice), at any time without premium or penalty.. Section 2.08

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

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