Optional Reduction of the Commitments. The Company shall have the right, upon at least four Business Days' prior notice to the Agent (which notice shall be irrevocable), at any time permanently to terminate the remaining Commitments in whole or reduce ratably in part the unused portions of the Commitments of the Lenders, allocated between Tranche A Commitments or Tranche B Commitments, as the Company may elect; provided, however, that each partial reduction shall be in the aggregate amount of $20,000,000 or an integral multiple of $10,000,000 in excess thereof. No reduction in the Commitments shall reduce the L/C Commitment until the aggregate Commitments are reduced to $150,000,000, after which each reduction in the Commitments shall reduce the L/C Commitment dollar for dollar. The Agent shall promptly notify each Lender of its receipt of any notice under this Section 2.06.
Appears in 4 contracts
Samples: Credit Agreement (Georgia Pacific Corp), Credit Agreement (Georgia Pacific Corp), Credit Agreement (Georgia Pacific Corp)
