Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 or an integral multiple of $500,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 4 contracts
Samples: Credit Agreement (Arc Document Solutions, Inc.), Credit Agreement (Arc Document Solutions, Inc.), Credit Agreement (Arc Document Solutions, Inc.)
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”and, in the case of the LC Commitment, to Issuing Bank), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 20,000,000 or an integral multiple multiples of $500,000 5,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 2 contracts
Samples: Security Agreement (Indus International Inc), Credit Agreement (Indus International Inc)
Optional Reduction or Cancellation of Commitments. The Borrower Borrowers may, upon three five (35) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 5,000,000 or an integral multiple of $500,000 5,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 2 contracts
Samples: Guaranty Agreement (American Commercial Lines Inc.), Credit Agreement (American Commercial Lines Inc.)
Optional Reduction or Cancellation of Commitments. The Borrower Borrowers may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), duly executed and delivered by a Responsible Officer of the Borrowing Agent, permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 500,000 or an integral multiple of $500,000 100,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 2 contracts
Samples: Credit Agreement (Sands Regent), Credit Agreement (Sands Regent)
Optional Reduction or Cancellation of Commitments. The Borrower Borrowers may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three five (35) Business Days written notice to the Administrative Agent (each a “Reduction Notice”)Lender, permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 5,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, thatthat the Borrower may not:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”and, in the case of the LC Commitment, to Issuing Bank), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 20,000,000 or an integral multiple multiples of $500,000 in 5,000,000 in' excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower Borrowers may, upon three five (35) Business Days written notice to the Administrative Agent (each a “Reduction Notice”)Agent, permanently reduce the Total Revolving Loan Commitment by the amount of Five Million Dollars ($1,000,000 5,000,000) or an integral multiple of One Million Dollars ($500,000 1,000,000) in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Samples: Credit Agreement (Argosy Gaming Co)
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”)Agent, permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 100,000 or an integral multiple multiples of $500,000 50,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Samples: Credit Agreement (Quantum Corp /De/)
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”and, in the case of the LC Commitment, to Issuing Bank), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 5,000,000 or an integral multiple multiples of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Samples: Credit Agreement (Quantum Corp /De/)
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”)Agent, permanently reduce the Total Revolving Loan Commitment by the amount of Five Hundred Thousand Dollars ($1,000,000 500,000.00) or an integral multiple of $500,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) five Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 5,000,000 or an integral multiple of $500,000 5,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Samples: Credit Agreement (Chiquita Brands International Inc)
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three five (35) Business Days written notice to the Administrative Agent (each a “Reduction Notice”)Agent, permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 3,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, thatthat the Borrower may not:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 5,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Samples: Credit Agreement (Netflix Inc)
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”)Agent, permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 or an integral multiple of $500,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three five (35) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 5,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:: EXHIBIT 99.1
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three five (35) Business Days written notice to the Administrative Agent (each a “Reduction Notice”), permanently reduce the Total Revolving Loan Commitment by the amount of $1,000,000 5,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
Optional Reduction or Cancellation of Commitments. The Borrower may, upon three (3) Business Days written notice to the Administrative Agent (each a “Reduction Notice”)Agent, permanently reduce the Total Revolving Loan Commitment by the amount of Five Hundred Thousand Dollars ($1,000,000 500,000) or an integral multiple of $500,000 in excess thereof or cancel the Total Revolving Loan Commitment in its entirety; provided, however, that:
Appears in 1 contract
