Optional Reductions in Part. Prior to the Commitment Termination Date, the Borrower shall have the right at any time to reduce permanently in an aggregate amount of at least $10,000,000 the unused amount of the Total Commitment upon not less than 5 Business Days’ prior notice to the Lenders and the Facility Agent of any such reduction, which notice shall specify the effective date of such reduction and the amount of any such reduction, provided that no such reduction will reduce the Total Commitments below the aggregate principal amount of Advances at such time. Such notice of reduction shall be irrevocable.
Appears in 3 contracts
Samples: Credit and Security Agreement (TPG Specialty Lending, Inc.), Revolving Credit and Security Agreement (TPG Specialty Lending, Inc.), Credit and Security Agreement (TPG Specialty Lending, Inc.)
Optional Reductions in Part. Prior to the Commitment Termination Date, the Borrower shall have the right at any time to reduce permanently in an aggregate amount of at least $10,000,000 the unused amount of the Total Commitment or any portion thereof upon not less than 5 Business Days’ ' prior notice to the Lenders and the Facility Agent of any such reduction, which notice shall specify the effective date of such reduction and reduction, the amount of any such reductionreduction and the allocation to the Term Commitment and/or Revolving Commitment, as applicable, provided that no such reduction will reduce the Total Commitments below the aggregate principal amount of Advances outstanding at such time. Such Any such notice of reduction shall be irrevocable.
Appears in 2 contracts
Samples: Credit and Security Agreement (WhiteHorse Finance, Inc.), Credit and Security Agreement (WhiteHorse Finance, Inc.)
Optional Reductions in Part. Prior to the Commitment Termination Date, the Borrower shall have the right at any time to reduce permanently in an aggregate amount of at least $10,000,000 the unused amount of the Total Commitment upon not less than 5 Business Days’ prior notice to the Lenders and the Facility Agent of any such reduction, which notice shall specify the effective date of such reduction and the amount of any such reduction, provided that no such reduction will reduce the Total Commitments below the aggregate principal amount of Advances at such time. Such Any such notice of reduction shall be irrevocable.
Appears in 1 contract
Samples: Credit and Security Agreement (WhiteHorse Finance, LLC)
