Optional Termination or Reduction of Commitment. The Borrowers shall have the right upon at least three (3) business days prior written notice to the Bank, to terminate or reduce the unused portion of the Commitment. Any such reduction of the Commitment shall be in the amount of Five Million United States Dollars (U.S. $5,000,000) or any larger integral multiple of One Million United States Dollars (U.S. $1,000,000) (except that any reduction may be in the aggregate amount of the unused Commitment). Accrued fees with respect to the terminated Commitment shall be payable to the Bank on the effective date of such termination.
Appears in 12 contracts
Samples: Facility Agreement (Usaa Mutual Fund Inc), Facility Agreement (Usaa Mutual Fund Inc), Facility Agreement (Usaa Investment Trust)
Optional Termination or Reduction of Commitment. The Borrowers on behalf of the applicable Funds shall have the right upon at least three (3) business days prior written notice to the Bank, to terminate or reduce the unused portion of the Commitment. Any such reduction of the Commitment shall be in the amount of Five Million United States Dollars (U.S. $5,000,000) or any larger integral multiple of One Million United States Dollars (U.S. $1,000,000) (except that any reduction may be in the aggregate amount of the unused Commitment). Accrued fees with respect to the terminated Commitment shall be payable to the Bank on the effective date of such termination.
Appears in 7 contracts
Samples: Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa Mutual Fund Inc)
Optional Termination or Reduction of Commitment. The Borrowers on behalf of the applicable Funds shall have the right upon at least three (3) business days prior written notice to the Bank, to terminate or reduce the unused portion of the Commitment. Any such reduction of the Commitment shall be in the amount of Five Million United States Dollars (U.S. $5,000,000) U.S.$5,000,000 or any larger integral multiple of One Million United States Dollars U.S.$1,000,000 (U.S. $1,000,000) (except EXCEPT that any reduction may be in the aggregate amount of the unused Commitment). Accrued fees with respect to the terminated Commitment shall be payable to the Bank on the effective date of such termination.
Appears in 3 contracts
Samples: Transfer Agency Agreement (Usaa Investment Trust), Transfer Agency Agreement (Usaa State Tax Free Trust), Transfer Agency Agreement (Usaa Tax Exempt Fund Inc)
Optional Termination or Reduction of Commitment. The Borrowers Borrower, on behalf of the applicable Funds, shall have the right upon at least three (3) business days day’s prior written notice to the BankCapCo, to terminate or reduce the unused portion of the Commitment. Any such reduction of the Commitment shall be in the amount of Five Million United States Dollars (U.S. $5,000,000) 5,000,000 or any larger integral multiple of One Million United States Dollars (U.S. $1,000,000) 1,000,000 (except that any reduction may be in the aggregate amount of the unused Commitment). Accrued fees with respect to the terminated Commitment shall be payable to the Bank CapCo on the effective date of such termination.
Appears in 2 contracts
Samples: Facility Agreement (Usaa Mutual Funds Trust), Facility Agreement (Usaa Mutual Funds Trust)
Optional Termination or Reduction of Commitment. The Borrowers Borrower, on behalf of the applicable Funds, shall have the right upon at least three (3) business days prior written notice to the BankCapCo, to terminate or reduce the unused portion of the Commitment. Any such reduction of the Commitment shall be in the amount of Five Million United States Dollars (U.S. $5,000,000) 5,000,000 or any larger integral multiple of One Million United States Dollars (U.S. $1,000,000) 1,000,000 (except that any reduction may be in the aggregate amount of the unused Commitment). Accrued fees with respect to the terminated Commitment shall be payable to the Bank CapCo on the effective date of such termination.
Appears in 1 contract
