Common use of Optional Revolving Credit Terminations Clause in Contracts

Optional Revolving Credit Terminations. The Borrowers shall have the right at any time and from time to time, upon three (3) Business Days prior written notice (which shall be received no later than 12:00 Noon (New York City time) and which notice may be conditioned on the occurrence of one or more events specified therein) to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than U.S.$10,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of (x) the Original Dollar Amount of Revolving Loans and Swing Loans then outstanding and (y) the Original Dollar Amount of all L/C Obligations then outstanding and shall be accompanied by payments under Section 1.9(b) as applicable. Any termination of Revolving Credit Commitments that results in the aggregate principal amount of all Revolving Credit Commitments being below the L/C Sublimit or the Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to such reduced aggregate principal amount of Revolving Credit Commitments. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. A notice of commitment termination delivered by a Borrower may state that the prepayment contemplated thereby is subject to the effectiveness or funding of other credit facilities, the completion of any debt or equity offering or the completion of any other corporate transaction or event.

Optional Revolving Credit Terminations. The Borrowers shall have the right at any time and from time to time, upon three five (35) Business Days prior written notice (which shall be received no later than 12:00 Noon (New York City time) and which notice may be conditioned on the occurrence of one or more events specified therein) to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than U.S.$10,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of (x) the Original Dollar Amount of Revolving Loans and Swing Loans then outstanding and (y) the Original Dollar Amount of all L/C Obligations then outstanding and shall be accompanied by payments under Section 1.9(b) as applicable. Any termination of Revolving Credit Commitments that results in the aggregate principal amount of all Revolving Credit Commitments being below the L/C Sublimit or the Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to such reduced aggregate principal amount of Revolving Credit Commitments. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. A notice of commitment termination delivered by a Borrower may state that the prepayment contemplated thereby is subject to the effectiveness or funding of other credit facilities, the completion of any debt or equity offering or the completion of any other corporate transaction or event.

Optional Revolving Credit Terminations. The Borrowers Borrower shall have the right at any time and from time to time, upon three five (35) Business Days prior written notice (which shall be received no later than 12:00 Noon (New York City time) and which notice may be conditioned on the occurrence of one or more events specified therein) to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than U.S.$10,000,000 $1,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of (x) the Original Dollar Amount aggregate principal amount of Swingline Loans, Revolving Loans Loans, and Swing Loans then outstanding and (y) the Original Dollar Amount of all L/C Obligations then outstanding and shall be accompanied by payments under Section 1.9(b) as applicableoutstanding. Any termination of the Revolving Credit Commitments that results in the aggregate principal amount of all Revolving Credit Commitments being below the L/C Sublimit or the Swing Line Swingline Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Swingline Sublimit, as applicable, to an amount equal to such reduced aggregate principal amount of Revolving Credit Commitmentsby a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. A Notwithstanding the foregoing, any termination notice that is delivered in connection with any proposed refinancing of commitment the Loans or another transaction may be, if expressly so stated in the applicable prepayment notice, contingent upon the consummation of such refinancing or other transaction, and (x) the termination delivered date therefor may be amended from time to time by a notice from the Borrower may state that the prepayment contemplated thereby is subject to the effectiveness Administrative Agent and (y) such termination notice may be revoked by the Borrower in the event such refinancing or funding other transaction is not consummated so long as the Borrower pays any costs or expenses of other credit facilities, Administrative Agent and the completion of any debt or equity offering or the completion of any other corporate transaction or eventLenders incurred in connection with such revoked commitment termination.

Optional Revolving Credit Terminations. The Borrowers Borrower shall have the right at any time and from time to time, upon three five (35) Business Days prior written notice (which shall be received no later than 12:00 Noon (New York City time) and which notice may be conditioned on the occurrence of one or more events specified therein) to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than U.S.$10,000,000 $1,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, ; provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of (x) the Original Dollar Amount aggregate principal amount of Swingline Loans, Revolving Loans Loans, and Swing Loans then outstanding and (y) the Original Dollar Amount of all L/C Obligations then outstanding and shall be accompanied by payments under Section 1.9(b) as applicableoutstanding. Any termination of the Revolving Credit Commitments that results in the aggregate principal amount of all Revolving Credit Commitments being below the L/C Sublimit or the Swing Line Swingline Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Swingline Sublimit, as applicable, to an amount equal to such reduced aggregate principal amount of Revolving Credit Commitmentsby a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. A Notwithstanding the foregoing, any termination notice that is delivered in connection with any proposed refinancing of commitment the Loans or another transaction may be, if expressly so stated in the applicable prepayment notice, contingent upon the consummation of such refinancing or other transaction, and (x) the termination delivered date therefor may be amended from time to time by a notice from the Borrower may state that the prepayment contemplated thereby is subject to the effectiveness Administrative Agent and (y) such termination notice may be revoked by the Borrower in the event such refinancing or funding other transaction is not consummated so long as the Borrower pays any costs or expenses of other credit facilities, Administrative Agent and the completion of any debt or equity offering or the completion of any other corporate transaction or eventLenders incurred in connection with such revoked commitment termination.

Optional Revolving Credit Terminations. The Borrowers Borrower shall have the right at any time and from time to time, upon three five (35) Business Days prior written notice (which shall be received no later than 12:00 Noon (New York City time) and which notice may be conditioned on the occurrence of one or more events specified therein) to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than U.S.$10,000,000 $1,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, ,; provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of (x) the Original Dollar Amount aggregate principal amount of Swingline Loans, Revolving Loans Loans, and Swing Loans then outstanding and (y) the Original Dollar Amount of all L/C Obligations then outstanding and shall be accompanied by payments under Section 1.9(b) as applicableoutstanding. Any termination of the Revolving Credit Commitments that results in the aggregate principal amount of all Revolving Credit Commitments being below the L/C Sublimit or the Swing Line Swingline Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Swingline Sublimit, as applicable, to an amount equal to such reduced aggregate principal amount of Revolving Credit Commitmentsby a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. A Notwithstanding the foregoing, any termination notice that is delivered in connection with any proposed refinancing of commitment the Loans or another transaction may be, if expressly so stated in the applicable prepayment notice, contingent upon the consummation of such refinancing or other transaction, and (x) the termination delivered date therefor may be amended from time to time by a notice from the Borrower may state that the prepayment contemplated thereby is subject to the effectiveness Administrative Agent and (y) such termination notice may be revoked by the Borrower in the event such refinancing or funding other transaction is not consummated so long as the Borrower pays any costs or expenses of other credit facilities, Administrative Agent and the completion of any debt or equity offering or the completion of any other corporate transaction or eventLenders incurred in connection with such revoked commitment termination.