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 10 contracts
Samples: Credit Agreement (Rockwell Automation Inc), Five Year Credit Agreement (Rockwell Automation Inc), Credit 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: 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 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 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 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 /Ber/), 364 Day Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (Tyco International 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 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: Credit 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 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 6 contracts
Samples: 364 Day Credit Agreement (Target Corp), 364 Day Credit Agreement (Target Corp), Five Year 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 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), Credit Agreement (Nortel Networks 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 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), 364 Day Credit Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks LTD)
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 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, of $5,000,000 the aggregate amount of the Aggregate Commitments in excess of the aggregate outstanding principal amount Aggregate Outstanding Amount. Once reduced or terminated, the Aggregate Commitments may not be reinstated. The Administrative Agent shall provide each Bank with prompt notice of any reduction or termination of the LoansAggregate Commitments.
Appears in 4 contracts
Samples: 364 Day Revolving Credit Agreement (Eaton Corp PLC), Revolving Credit Agreement (Eaton Corp PLC), 364 Day Revolving Credit Agreement (Eaton Corp PLC)
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: 364 Day Credit Agreement (Kinder Morgan Inc), 364 Day Credit Agreement (K N Energy Inc), 364 Day Credit 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 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 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: Short Term Credit 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, (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 4 contracts
Samples: Five Year Credit Agreement, Five Year 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 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 (Unova Inc), Credit Agreement (Western Atlas 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 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 Revolving Credit and Bid Rate Loans.
Appears in 3 contracts
Samples: By Laws (Duke Energy Corp), Credit Agreement (Duke Capital Corp), Credit 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, (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: 364 Day Credit Agreement (Target Corp), Credit Agreement (Target Corp), 364 Day 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 (Western Atlas 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 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 3 contracts
Samples: Credit Agreement (Duke Capital Corp), Credit Agreement (Duke Energy Corp), Credit 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, (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: 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 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 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 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 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 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 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 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 (United Auto Group Inc), Credit Agreement (United Asset Management 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 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: 364 Day Credit Agreement (American Stores Co /New/), Multi Year Credit Agreement (American Stores Co /New/)
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), 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 (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 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), Credit Agreement (New Rockwell Collins 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 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, 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 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 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 10,000,000 or any larger multiple thereof, of $5,000,000 the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.
Appears in 2 contracts
Samples: Credit Agreement (Union Texas Petroleum Holdings Inc), Credit Agreement (Union Texas Petroleum Holdings 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 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: Credit Agreement (Blyth Inc), Credit Agreement (Blyth Industries 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 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 reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, of $5,000,000 the aggregate amount of the Aggregate Commitments in excess of the aggregate outstanding principal amount Aggregate Outstanding Amount. Once reduced or terminated, the Aggregate Commitments may not be reinstated. The Administrative Agent shall provide each Bank with prompt notice of any reduction or termination of the LoansAggregate Commitments.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Eaton Corp PLC), 364 Day Revolving Credit Agreement (Eaton Corp PLC)
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 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 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 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 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’ Days= notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or LC Liabilities are outstanding at such time time, or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 5,000,000 or any larger integral multiple thereofof $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the LoansAggregate Usage.
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 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 (Cisco Systems Inc)
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 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.
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 The Company 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 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’ 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 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 amounts 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 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 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: Credit Agreement (Cisco Systems 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 5,000,000 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
Samples: 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 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.
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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 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 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 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 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: Credit 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 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
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 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
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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 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 1,000,000 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
Samples: Credit Agreement (Kerr McGee 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 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
Samples: 364 Day 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 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 $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 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 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
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
Samples: Five Year Credit Agreement (Rockwell Automation, Inc)
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.
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 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 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.
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 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 LoansAggregate Outstanding Credit Exposure.
Appears in 1 contract
Samples: Credit Agreement (Duke Energy 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.
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
Samples: 364 Day Credit Agreement (Toyota Motor Credit 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 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 The Borrower may, upon at least three Domestic Business Days’ ' prior irrevocable written 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 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 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 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 1 contract
Samples: Credit 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, (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 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 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. The Agent shall promptly notify each Bank of any notice received by it pursuant to this Section.
Appears in 1 contract
Samples: Credit Agreement (Keycorp /New/)
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.
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 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: Credit Agreement (Blyth 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 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: Revolving 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 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, of $5,000,000 the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. Once reduced or terminated, the Commitments may not be reinstated. The Administrative Agent shall provide each Bank with prompt notice of any reduction or termination of the Commitments.
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 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.
Appears in 1 contract
Optional Termination or Reduction of Commitments. During the Revolving Credit Period, the 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 Letters of Credit are outstanding at such time time, or (ii) ratably reduce the Commitments from time to time by an aggregate amount of at least $25,000,000 or 5,000,000 so long as, immediately after any larger multiple thereof, such reduction the aggregate amount of the Commitments in excess sum of the aggregate outstanding principal amount of Loans outstanding and the Loansaggregate Letter of Credit Liabilities of the several Banks does not exceed the aggregate Commitments.
Appears in 1 contract
Samples: Credit Agreement (Timberland 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 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: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)