Optional Termination or Reduction of Commitment. The Borrower may, upon at least three Domestic Business Days notice to the Bank, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) reduce from time to time by an aggregate amount of $1,000,000 or any larger multiple thereof, the Commitment in excess of the aggregate outstanding principal amount of the Loans. If the Commitment is terminated in its entirety, the accrued commitment fee shall be payable on the effective date of such termination.
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Samples: Credit Agreement (Van Kampen Merritt Prime Rate Income Trust), Credit Agreement (Van Kampen American Capital Prime Rate Income Trust)
Optional Termination or Reduction of Commitment. The Borrower may, upon at least three Domestic 3 Business Days Days' notice to the BankLender, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) proportionately reduce the Unused Revolving Credit Commitment from time to time by an aggregate amount of at least $1,000,000 5,000,000 or any larger integral multiple thereof, the Commitment in excess of the aggregate outstanding principal amount of the Loans$1,000,000. If the Commitment is terminated in its entirety, the all accrued commitment fee fees (as provided under Section 2.07) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Samples: Loan and Security Agreement (Atlantic Coast Airlines Holdings Inc)
Optional Termination or Reduction of Commitment. The During the Revolving Credit Period, the Borrower may, upon at least three Domestic Business Days 15 calendar days' notice to the BankAdministrative Agent, (ia) terminate the Commitment Commitments at any time, if no Loans are outstanding at such time or (iib) ratably reduce from time to time by an aggregate amount of $1,000,000 or any larger multiple thereofof $1,000,000, the Commitment in excess unused portion of the aggregate outstanding principal amount of the LoansCommitments. If the Commitment is Commitments are terminated in its their entirety, the all accrued commitment fee fees shall be payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Corporate Realty Consultants Inc)
Optional Termination or Reduction of Commitment. The Borrower may, upon at least three 3 Domestic Business Days Days' notice to the Bank, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) proportionately reduce the Unused Commitment from time to time by an aggregate amount of at least $1,000,000 5,000,000 or any larger multiple thereof, the Commitment in excess of the aggregate outstanding principal amount of the Loans$1,000,000. If the Commitment is terminated in its entirety, the all accrued commitment fee fees (as provided under Section 2.07) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Samples: Master Credit Agreement (Savannah Foods & Industries Inc)
Optional Termination or Reduction of Commitment. The Borrower may, upon at least three 3 Domestic Business Days Days' notice to the Bank, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) proportionately reduce from time to time by an aggregate amount of at least $1,000,000 or any larger multiple thereofof $100,000, the Commitment; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitment in excess on the date of the aggregate outstanding principal amount of the Loanssuch termination or reduction. If the Commitment is terminated in its entirety, the all accrued commitment fee fees (as provided under Section 2.07) shall be payable on the effective date of such termination.
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Optional Termination or Reduction of Commitment. The Borrower may, upon at least three Domestic Business Days Days’ notice to the BankLender, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) reduce from time to time by an aggregate amount of at least $5,000,000 (and in increments of $1,000,000 or any larger multiple in excess thereof), the Commitment Commitments. All accrued Facility Fees (as provided under Section 2.06) on the Commitments (in excess the case of a termination of the aggregate outstanding principal amount Commitments) or on the portion of the Loans. If Commitments being reduced (in the Commitment is terminated in its entirety, case of a reduction of the accrued commitment fee Commitments) shall be payable on the effective date of such reduction or termination.
Appears in 1 contract
Samples: Five Year Credit Agreement (South Carolina Electric & Gas Co)
Optional Termination or Reduction of Commitment. The Borrower may, upon at least three (3) Domestic Business Days Days' notice to the Bank, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) proportionately reduce from time to time by an aggregate amount of at least $1,000,000 or any larger multiple thereof1,000,000, the Commitment in excess of the aggregate outstanding principal amount of the LoansCommitment. If the Commitment is terminated in its entirety, the all accrued commitment fee fees (as provided under Section 2.06) shall be payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (First Citizens Bancorporation of South Carolina Inc)
Optional Termination or Reduction of Commitment. The Borrower may, upon at least three Domestic 2 Business Days Days' notice to the Bank, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) reduce from time to time by an aggregate amount of $1,000,000 or any larger multiple thereof, thereof the aggregate amount of the Commitment in excess of the aggregate outstanding principal amount of the Revolving Loans. If the Commitment is terminated in its entirety, the any accrued commitment fee Commitment Fee shall be payable on the effective date of such termination.
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Optional Termination or Reduction of Commitment. The Borrower may, upon at least three Domestic Business Days Days' notice to the Bank, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) reduce from time to time by an aggregate the unused portion of the Commitment. Any such reduction of the Commitment shall be in the amount of $1,000,000 or any larger multiple thereof, the Commitment in excess of the aggregate outstanding principal amount of the Loans. If the Commitment is terminated in its entirety, the accrued commitment fee shall be payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Interpublic Group of Companies Inc)
Optional Termination or Reduction of Commitment. The Borrower may, upon at least three Domestic Business Days Days' notice to the Bank, (i) terminate the Commitment at any time, if no Loans are outstanding at such time or (ii) reduce from time to time by an aggregate the unused portion of the Commitment. Any such reduction of the Commitment shall be in the amount of $1,000,000 or any larger multiple thereof, the Commitment in excess of the aggregate outstanding principal amount of the Loans. If the Commitment is terminated in its entirety, the accrued commitment fee shall be payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Interpublic Group of Companies Inc)