Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination.
Appears in 3 contracts
Samples: Credit Agreement (Airborne Freight Corp /De/), Credit Agreement (Russell Corp), Credit Agreement (Russell Corp)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 3 contracts
Samples: Credit Agreement (Springs Industries Inc), Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple 10,000,000. Upon a reduction of $1,000,000. If the Unused Commitments, each Bank's Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due permanently and payable on the effective date of such terminationratably reduced.
Appears in 2 contracts
Samples: Credit Agreement (Mohawk Industries Inc), 364 Day Credit Agreement (Mohawk Industries Inc)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments Commitment from time to time by an aggregate amount of at least $5,000,000 or and any larger integral incremental multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Gerber Scientific Inc), Credit Agreement (Gerber Scientific Inc)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If , the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such terminationUnused Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Universal City Development Partners LTD), Credit Agreement (Universal City Development Partners LTD)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Carmike Cinemas Inc), Credit Agreement (Carmike Cinemas Inc)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Hancock Fabrics Inc)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (National Service Industries Inc), Credit Agreement (Belden Inc)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' ’ notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Outback Steakhouse Inc)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, ,terminate at any time, or proportionately reduce the Unused Commitments Commit- ments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Residential Trust)
Optional Termination or Reduction of Commitments. The Borrower mayshall have the right, upon at least 3 five Domestic Business Days' prior written notice to the Administrative Agent, to terminate at any time, or proportionately reduce the Unused unused portion of the Commitments. Any such reduction of the Commitments from time to time by an aggregate shall be in the minimum amount of at least $5,000,000 or any larger integral multiple of $1,000,00010,000,000. If The accrued facility fees with respect to the terminated Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable to the Administrative Agent for the account of the Banks on the effective date of such termination.
Appears in 1 contract
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Gables Realty Limited Partnership)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice (or same Domestic Business Days' notice as to Swing Loans) to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Amli Residential Properties Trust)
Optional Termination or Reduction of Commitments. The During the Availability Period, the Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If , the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on unused portions of the effective date of such terminationCommitments.
Appears in 1 contract
Samples: Credit Agreement (Ck Witco Corp)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued but unpaid interest and fees (as provided under Section 2.08) thereon, if any, shall be due and payable on the effective date of such termination.
Appears in 1 contract
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice (or same Domestic Business Days' notice as to Swing Loans) to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000500,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Amli Residential Properties Trust)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.7) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate the Commitment at any time, time or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple thereof, the amount of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such terminationCommitment.
Appears in 1 contract
Samples: Bridge Loan Agreement (Pentair Inc)
Optional Termination or Reduction of Commitments. The Borrower maymay at any time, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any timeterminate, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000, 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 but unpaid fees (as provided under Section 2.08) 2.08 shall be due and payable on the effective date of such termination. Once terminated, a Commitment may not be reinstated.
Appears in 1 contract
Samples: Credit Agreement (Massey Energy Co)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three (3) Business Days' ’ notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees the Commitment Fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination. All terminations or reductions of Commitments shall be permanent. Each reduction shall be made ratably among the Lenders in accordance with their respective Commitments.
Appears in 1 contract
Samples: Credit Agreement (Avocent Corp)
Optional Termination or Reduction of Commitments. The Borrower may, without premium or penalty, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, time or proportionately (ii) ratably reduce the Unused Commitments from time to time time, in each case by an aggregate amount of at least $5,000,000 10,000,000. Upon any such termination or any larger integral multiple reduction of $1,000,000. If the Commitments are terminated in their entiretyCommitments, all accrued fees (as provided under Section 2.08) the Administrative Agent shall be due and payable on the effective date promptly notify each Bank of such terminationtermination or reduction.
Appears in 1 contract
Optional Termination or Reduction of Commitments. The ------------------------------------------------ Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple thereof, the aggregate amount of $1,000,000the unused Commitments. If Promptly after receiving a notice pursuant to this Section, the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) Agent shall be due and payable on notify each Bank of the effective date of such terminationcontents thereof.
Appears in 1 contract
Samples: Bridge Loan Agreement (Tyco International LTD /Ber/)
Optional Termination or Reduction of Commitments. The Borrower Borrowers may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Gables Realty Limited Partnership)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate the Commitments in their entirety at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three (3) Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice (or same Domestic Business Days' notice as to Swing Loans) to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000500,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Amli Residential Properties Trust)
Optional Termination or Reduction of Commitments. The Following the Effective Date, the Borrower may, upon at least 3 three Domestic Business Days' ’ notice to the Administrative Agent, terminate at any time, or proportionately ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,0005,000,000 the Aggregate Commitments. If Once reduced or terminated pursuant to this Section 2.08, the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) may not be reinstated. The Administrative Agent shall be due and payable on provide each Bank with prompt notice of any reduction or termination of the effective date of such terminationCommitments.
Appears in 1 contract
Samples: Senior Unsecured Bridge Credit Agreement (Eaton Corp)
Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,0001,000,000 the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) which are applicable to the Commitments shall be due and payable on the effective date of such termination. A notice of reduction or termination of the Commitments hereunder, once given, shall not thereafter be revocable by the Borrower.
Appears in 1 contract
Samples: Credit Agreement (Liberty Corp)