Common use of Optional Termination and Reduction of Aggregate Credit Amounts Clause in Contracts

Optional Termination and Reduction of Aggregate Credit Amounts. The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amount; provided that (A) each reduction of the Aggregate Maximum Credit Amount shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10(c), the total Credit Exposures would exceed the total Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Oil & Gas Investments, LLC)

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Optional Termination and Reduction of Aggregate Credit Amounts. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit AmountAmounts; provided that (A) each reduction of the Aggregate Maximum Credit Amount Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 10,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10(c3.04(b), the total Revolving Credit Exposures would exceed the total Commitments.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

Optional Termination and Reduction of Aggregate Credit Amounts. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit AmountAmounts; provided that (A) each reduction of the Aggregate Maximum Credit Amount Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10(c), the total Credit Exposures would exceed the total Commitments.and

Appears in 1 contract

Samples: Credit Agreement

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Optional Termination and Reduction of Aggregate Credit Amounts. The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit AmountAmounts; provided that (Ai) each reduction of the Aggregate Maximum Credit Amount Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (Bii) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10(c), the total Credit Exposures would exceed the total Commitments.

Appears in 1 contract

Samples: Credit Agreement (AMERICAN EAGLE ENERGY Corp)

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