Optional Reductions. The Borrowers shall have the right, upon at least four Business Days' notice to the Agent by both Borrowers, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp)
Optional Reductions. The Borrowers Borrower shall have the right, upon at least four Business Days' notice to the Agent by both Borrowersthe Borrower, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp)
Optional Reductions. The Borrowers Borrower shall have the right, upon at least four three (3) Business Days' notice to the Agent by both BorrowersAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, ; provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that (i) each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, and (ii) the aggregate of the Commitments of the Lenders shall not be reduced to an amount which is less than the Total Utilization of Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)
Optional Reductions. The Borrowers shall have the right, upon ------------------- at least four Business Days' notice to the Agent by both Borrowers, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of -------- the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate -------- ------- amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Short Term Facility) (Computer Sciences Corp)
Optional Reductions. The Borrowers shall have the rightBorrower may, upon at least four Business Days' notice to the Agent by both BorrowersAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount all Lenders of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and any Class on a pro rata basis; provided, furtherthat, that each unless otherwise agreed by the Administrative Agent in its sole discretion, (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon five (5) Business Days prior to the date of termination or reduction and (ii) any such partial reduction with respect to a particular Class shall be in the an aggregate amount of $5,000,000 10,000,000 or an integral any whole multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Reductions. The Borrowers Borrower shall have the right, upon at least four three (3) Business Days' notice to the Agent by both BorrowersAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, ; provided that (i) each partial reduction shall be in the aggregate amount of $5,000,000 or a multiple of 20 21 $1,000,000 in excess thereof, and (ii) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount Total Utilization of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereofCommitments.
Appears in 1 contract
Samples: Credit Agreement (Dial Corp /New/)
Optional Reductions. The Borrowers Borrower shall have the right, upon at least four three (3) Business Days' notice to the Agent by both BorrowersAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, ; provided that (i) each partial reduction shall be in the aggregate amount of $5,000,000 or a multiple of $1,000,000 in excess thereof, and (ii) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount Total Utilization of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereofCommitments.
Appears in 1 contract
Samples: Credit Agreement (Dial Corp /New/)
Optional Reductions. The Borrowers shall have the ------------------- right, upon at least four Business Days' notice to the Agent by both Borrowers, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Long Term Facility) (Computer Sciences Corp)
Optional Reductions. The Borrowers Borrower shall have the right, upon at least four Business Days' notice to the Agent by both BorrowersAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, Total Utilization of Commitments and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Reductions. The Borrowers shall have the right, upon at least four Business Days' notice to the Agent by both Borrowers, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the sum of (i) the aggregate principal amount of the Advances then outstanding and (ii) the aggregate principal amount of Commercial Paper then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Reductions. The Borrowers Borrower shall have the right, upon at least four Business Days' notice prior to the Agent by both BorrowersClosing Date, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the LendersAggregate Commitments, without penalty, provided that the aggregate amount (i) notice of the Commitments of the Lenders shall such reduction is given not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, two Business Days prior to such reduction and provided, further, that (ii) each partial reduction shall be in the aggregate an amount of at least equal to $5,000,000 or an integral multiple 3,000,000 and in multiples of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Senior Bridge Term Loan Credit Agreement (Energy Transfer Equity, L.P.)