Common use of Optional Reduction of Commitments Clause in Contracts

Optional Reduction of Commitments. The Borrower may, at its option, permanently reduce the Commitments under any Credit Facility by cancelling all or any part of the undrawn portion of such Credit Facility, provided that:

Appears in 5 contracts

Samples: Credit Agreement (SemGroup Corp), Credit Agreement (SemGroup Corp), Credit Agreement (Bellatrix Exploration Ltd.)

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Optional Reduction of Commitments. The Borrower may, at its option, permanently reduce the Commitments under any of the Credit Facility Facilities by cancelling all or any part of the undrawn portion of such Credit Facility, provided that:

Appears in 1 contract

Samples: Credit Agreement

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Optional Reduction of Commitments. The At any time, and from time to time, the Borrower may, at its option, permanently reduce the Commitments under any the Credit Facility by cancelling all or any part of the undrawn portion of such the Credit Facility, provided that:

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Canada LTD)

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