Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 9 contracts
Samples: Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Automation Inc), Assignment and Assumption Agreement (Rockwell Automation Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 9 contracts
Samples: Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the all Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 8 contracts
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. Promptly after receiving a notice pursuant to this Section, the Agent shall notify each Bank of the contents thereof.
Appears in 7 contracts
Samples: Credit Agreement (Tyco International LTD), Credit Agreement (Tyco International LTD), Credit Agreement (Tyco International LTD /Ber/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 7 contracts
Samples: Revolving Five Year Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Assignment and Assumption Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any a larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 6 contracts
Samples: Credit Agreement (Nortel Networks Corp), Credit Agreement (Nortel Networks Corp), Credit Agreement (Nortel Networks Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Servicing Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the Total Outstanding Amount; provided that each such reduction shall reduce the Commitments by an aggregate outstanding principal amount of the Loans$5,000,000 (or any larger multiple of $1,000,000).
Appears in 6 contracts
Samples: Assignment and Assumption Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any a larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 6 contracts
Samples: Credit Agreement (Nortel Networks Corp), Credit Agreement (Nortel Networks LTD), Agreement (Nortel Networks LTD)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (ia) terminate the Commitments at any time, if no Loans are outstanding at such time time, or (iib) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 5 contracts
Samples: Credit Agreement (Target Corp), Credit Agreement (Target Corp), Credit Agreement (Target Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which notice the Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 5 contracts
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 4 contracts
Samples: Assignment and Assumption Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time time, or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, of $1,000,000 the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansLoans and Letter of Credit Liabilities.
Appears in 4 contracts
Samples: Credit Agreement (Duke Energy Corp), Credit Agreement (Duke Energy CORP), Credit Agreement (Duke Energy Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. Promptly after receiving a notice pursuant to this subsection, the Administrative Agent shall notify each Bank of the contents thereof.
Appears in 4 contracts
Samples: Credit Agreement (Kinder Morgan Inc), Conformed (K N Energy Inc), Assignment and Assumption Agreement (K N Energy Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which shall promptly notify the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 3 contracts
Samples: Credit Agreement (Western Atlas Inc), Credit Agreement (Unova Inc), Credit Agreement (Unova Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 3 contracts
Samples: Credit Agreement (Target Corp), 364 Day Credit Agreement (Target Corp), Credit Agreement (Target Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 3 contracts
Samples: Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc), Credit Agreement (Western Atlas Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time time, or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, of $1,000,000 the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Duke Energy Corp), Day Credit Agreement (Duke Energy Corp), Assignment and Assumption Agreement (Duke Energy Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (ia) terminate the Commitments at any time, if no Loans are outstanding at such time time, or (iib) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 3 contracts
Samples: Credit Agreement (Target Corp), Credit Agreement (Target Corp), Credit Agreement (Target Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 20,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 2 contracts
Samples: Credit Agreement (Estee Lauder Companies Inc), Credit Agreement (Estee Lauder Companies Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Credit Agreement (Harcourt General Inc), Credit Agreement (Harcourt General Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, Period the Company Borrowers may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Revolving Commitments at any time, if no Revolving Loans, no Swing Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Revolving Commitments in excess of the aggregate outstanding principal amount of the LoansRevolving Exposure at such time.
Appears in 2 contracts
Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. The Agent shall promptly notify each Bank of any such notice received by the Agent.
Appears in 2 contracts
Samples: Credit Agreement (At&t Capital Corp /De/), Credit Agreement (At&t Capital Corp /De/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which notice the Agent will promptly deliver to the Banks), (i) terminate i)terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably ii)ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (United Auto Group Inc), Credit Agreement (United Asset Management Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Credit Agreement (New Rockwell Collins Inc), Day Credit Agreement (New Rockwell Collins Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which notice the Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time time, or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, of $1,000,000 the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Credit Agreement (Duke Energy Corp), Credit Agreement (Duke Capital LLC)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative AgentAgent not later than 10:30 A.M. (New York City time) on the effective date of any such termination or reduction, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Agreement (Quaker State Corp), Assignment and Assumption Agreement (Quaker State Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 2,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount Dollar Amount of the LoansLoans and Letter of Credit Liabilities.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Blyth Inc), Credit Agreement (Blyth Industries Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 20,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 2 contracts
Samples: Agreement (Estee Lauder Companies Inc), Credit Agreement (Estee Lauder Companies Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 2 contracts
Samples: Credit Agreement (Rockwell Collins Inc), Credit Agreement (Rockwell Collins Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Credit Agreement (Quaker State Corp), Credit Agreement (Quaker State Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time (after giving effect to any optional prepayments to be made at such time) or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Credit Agreement (Norfolk Southern Corp), Credit Agreement (Norfolk Southern Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansLoans and Letter of Credit Liabilities.
Appears in 2 contracts
Samples: Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably (except as otherwise provided in Section 2.20) reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount. Commitments terminated or reduced pursuant to this Section 2.10 may not be reinstated.
Appears in 2 contracts
Samples: Credit Agreement (Rockwell Collins Inc), Day Credit Agreement (Rockwell Collins Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent prior to the end of any Interest Period, (i) terminate the Commitments at any time, if no Loans or Swing Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 1,000,000 or any larger multiple thereofof $250,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans and the Swing Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Security Capital Atlantic Inc), Revolving Credit Agreement (Security Capital Atlantic Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (American Stores Co /New/), Credit Agreement (American Stores Co /New/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any larger in an integral multiple of $1,000,000 in excess thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Westvaco Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time and there are no Letter of Credit Outstandings at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the sum of the aggregate outstanding principal amount of the LoansLoans and the Letter of Credit Outstandings.
Appears in 2 contracts
Samples: Credit Agreement (Valero Energy Corp/Tx), Credit Agreement (Valero Refining & Marketing Co)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 20,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.or
Appears in 1 contract
Samples: Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansLoans and Letter of Credit Liabilities.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of at least $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments Total Commitment in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 1 contract
Samples: Credit Agreement (Pacificorp /Or/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrowers may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (Nationwide Financial Services Inc /Oh/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which shall give prompt notice thereof to each Bank), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple of $5,000,000 in excess thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (Ingersoll Rand Co)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 2,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount Dollar Amount of the LoansLoans and Letter of Credit Liabilities.
Appears in 1 contract
Samples: Agreement (Blyth Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably and permanently reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Revolving Facility Commitments at any time, if no Loans Revolving Advances or Letter of Credit Obligations are outstanding at such time or (ii) ratably reduce from time to time time, by an aggregate amount of $25,000,000 500,000 or any larger multiple thereofof $100,000, the aggregate amount of the Revolving Facility Commitments in excess of the aggregate outstanding principal amount of the LoansRevolving Advances and Letter of Credit Obligations.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time time, or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, of $1,000,000 the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansLoans and Letter of Credit Liabilities.
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Optional Termination or Reduction of Commitments. (a) During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate U.S. Dollar Equivalent of the outstanding principal amount of the Loans.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. Upon receipt of any such notice, the Agent shall promptly notify the Banks.
Appears in 1 contract
Samples: Credit Agreement (Rite Aid Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. Section 2.11.
Appears in 1 contract
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of Cdn. $25,000,000 3,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansOutstanding Principal.
Appears in 1 contract
Samples: Credit Agreement (Wainoco Oil Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably (except as otherwise provided in Section 2.20) reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three two Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Agreement (General American Transportation Corp /Ny/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably proportionately reduce from time to time by an aggregate amount of $25,000,000 75,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. If the Commitments are terminated in their entirety, all accrued fees shall be payable on the effective date of such termination.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans and no Letters of Credit are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the sum of (i) the aggregate outstanding principal amount of the LoansLoans and (ii) the aggregate amount of Letter of Credit Liabilities.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Cisco Systems Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (Us West Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ', notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of at least $25,000,000 or any larger multiple thereof10,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 20,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.. 25
Appears in 1 contract
Samples: Year Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansLoans and Letter of Credit Liabilities.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' irrevocable notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 50,000,000 or any a larger multiple thereof, of $5,000,000 the aggregate amount of the Commitments in excess of the Dollar Amount of the aggregate outstanding principal amount of the Loans.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.21
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any a larger multiple thereofof $10,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (Quaker State Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 75,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.the
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three (3) Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time and no Letter of Credit Exposure exists or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 2,500,000 or any a larger multiple thereofof $500,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansLoans plus the Letter of Credit Exposure.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably and permanently reduce from time to time by an aggregate amount of at least $25,000,000 or any a larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 1 contract
Samples: Credit Agreement (Praxair Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Availability Period, the Company Borrower may, upon at least three Domestic Business Days’ notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Term Loan Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably and permanently reduce from time to time by an aggregate amount of at least $25,000,000 or any a larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 1 contract
Samples: Credit Agreement (Praxair Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
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Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, Period the Company Borrowers may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Revolving Commitments at any time, if no Revolving Loans, no Swing Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ii ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Revolving Commitments in excess of the aggregate outstanding principal amount of the LoansRevolving Exposure at such time.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if there is no Loans are outstanding Credit Exposure at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any larger in an integral multiple of $1,000,000 in excess thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansCredit Exposure.
Appears in 1 contract
Samples: Credit Agreement (Meadwestvaco Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount amounts of the Loans.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereofof $5,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the sum of the aggregate outstanding principal amount of the LoansLoans and the Letter of Credit Outstandings.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. Promptly after receiving a notice pursuant to this subsection, the Administrative Agent shall notify each Bank of the contents thereof.
Appears in 1 contract
Samples: Agreement (Kinder Morgan Inc)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ notice to the Administrative AgentAgent (which notice the Administrative Agent will promptly deliver to the Banks), (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Optional Termination or Reduction of Commitments. During Prior to the Revolving Credit PeriodMaturity Date, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any larger in an integral multiple of $1,000,000 in excess thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (Meadwestvaco Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. Section 2.11.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three five Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (Dean Foods Co)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if at such time no Loans are outstanding at such time and no Bank has any Letter of Credit Exposure, or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the sum of the aggregate outstanding principal amount of the LoansLoans and the aggregate amount of the Letter of Credit Exposures.
Appears in 1 contract
Samples: Credit Agreement (Turner Corp)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of at least $25,000,000 10,000,000 or any larger multiple thereofof $1,000,000, the aggregate amount of the Commitments Total Commitment in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 1 contract
Samples: Credit Agreement (Pacificorp /Or/)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company The Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Revolving Facility Commitments at any time, if no Loans Revolving Advances or Letter of Credit Obligations are outstanding at such time time, or (ii) ratably reduce from time to time time, by an aggregate amount of $25,000,000 500,000 or any larger multiple thereofof $100,000, the aggregate amount of the Revolving Facility Commitments in excess of the aggregate outstanding principal amount of the LoansRevolving Advances and Letter of Credit Obligations.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time or (ii) ratably and permanently reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansTotal Outstanding Amount.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three five Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 10,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 1 contract
Samples: Credit Agreement (Dean Foods Co)
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. If the Commitments are terminated in their entirety, all accrued facility fees shall be payable on the effective date of such termination. SECTION 2.08.
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Optional Termination or Reduction of Commitments. (a) During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time time, or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any a larger multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. The Administrative Agent shall give prompt notice to the Banks of any such termination or reduction of the Commitments.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the Company Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably and permanently reduce from time to time time, by an aggregate amount of $25,000,000 5,000,000 or any larger multiple thereofamount in multiples of $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansLoans at such time.
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