Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit Commitments, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 20 contracts
Samples: Year Credit Agreement (Arizona Public Service Co), Assignment and Assumption (Arizona Public Service Co), Year Credit Agreement (Arizona Public Service Co)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 19 contracts
Samples: Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 13 contracts
Samples: Credit Agreement (At&t Inc.), Credit Agreement (Celgene Corp /De/), Credit Agreement (Celgene Corp /De/)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the AgentAgent (which shall promptly notify each of the Lenders), to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Revolving Credit Commitments, provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments.
Appears in 6 contracts
Samples: Five Year Credit Agreement (Gatx Corp), Credit Agreement (Gatx Corp), Five Year Credit Agreement (Gatx Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLender Parties, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 5 contracts
Samples: Assignment and Assumption (ManpowerGroup Inc.), Assignment and Assumption (ManpowerGroup Inc.), Five Year Credit Agreement (ManpowerGroup Inc.)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Revolving Credit Commitments, provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments.
Appears in 5 contracts
Samples: Supplemental Agreement, Five Year Credit Agreement, Year Credit Agreement (Gatx Financial Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the unused Term Commitments (if any), Unused Revolving Credit Commitments or the Unissued Letter of Credit Commitments, Commitments of the Lenders; provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 in excess thereof. Once terminated, a commitment may not be reinstated.
Appears in 5 contracts
Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Fourth Amendment (Science Applications International Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the unused Term Commitments (if any), Unused Revolving Credit Commitments or the Unissued Letter of Credit Commitments, Commitments of the Lenders; provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated, a commitment may not be reinstated.
Appears in 4 contracts
Samples: Credit Agreement (Leidos Holdings, Inc.), Credit Agreement (Leidos Holdings, Inc.), Credit Agreement (Science Applications International Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower Company shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit CommitmentsCommitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 4 contracts
Samples: Year Credit Agreement (Eastman Chemical Co), Credit Agreement (Eastman Chemical Co), Assignment and Assumption (Eastman Chemical Co)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc), ZZZ Revolving Credit Agreement (Memc Electronic Materials Inc)
Optional Termination or Reduction of the Commitments. (a) The Parent Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that, after giving effect thereto and to any prepayments of the Advances made on the effective date thereof, the Total Commitments shall not be reduced to an amount that is less than the Total Extensions of Credit.
Appears in 3 contracts
Samples: Credit Agreement (Monsanto Co /New/), Credit Agreement (Monsanto Co /New/), Year Credit Agreement (Monsanto Co /New/)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Appears in 3 contracts
Samples: Credit Agreement (Pe Corp), Credit Agreement (Monsanto Co /New/), Credit Agreement (International Flavors & Fragrances Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ Days notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or the Unissued Letter of Credit CommitmentsCommitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated, a commitment may not be reinstated.
Appears in 3 contracts
Samples: Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice (or, if the Facilities are to be refinanced in full, upon notice given on the date of such termination) to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and shall be made ratably among the Lenders in accordance with their Commitments.
Appears in 3 contracts
Samples: Five Year Credit Agreement (Packaging Corp of America), Credit Agreement (Packaging Corp of America), Five Year Credit Agreement (Packaging Corp of America)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the respective Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided, further, that the Borrower may terminate in whole the Unused Commitment of any Defaulting Lender upon notice to the Agent and such Defaulting Lender.
Appears in 3 contracts
Samples: Assignment and Assumption (Ca, Inc.), Assignment and Assumption (Ca, Inc.), Credit Agreement (Ca, Inc.)
Optional Termination or Reduction of the Commitments. (a) The Borrower Borrowers shall have the right, upon at least three five Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or the Unissued Letter of Credit CommitmentsCommitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 3 contracts
Samples: Year Credit Agreement (Omnicom Group Inc), Credit Agreement (Omnicom Group Inc), Credit Agreement (Omnicom Group Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice (or, if the facilities are to be refinanced in full, upon notice given on the date of such termination) to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and shall be made ratably among the Revolving Lenders in accordance with their Revolving Credit Commitments.
Appears in 3 contracts
Samples: Credit Agreement (Packaging Corp of America), Credit Agreement (Packaging Corp of America), Credit Agreement (Packaging Corp of America)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (At&t Inc.), Credit Agreement (Gatx Financial Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the respective Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Ca, Inc.), Credit Agreement (Computer Associates International Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Term Commitments or (if any) of the Unissued Letter of Credit Commitments, Lenders; provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated, a commitment may not be reinstated.
Appears in 2 contracts
Samples: Credit Agreement (Leidos Holdings, Inc.), Credit Agreement (Leidos Holdings, Inc.)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 Euro 100,000 or an integral multiple of $1,000,000 Euro 100,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three two Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Five Year Credit Agreement (Pepsiamericas Inc/Il/), Year Credit Agreement (Pepsiamericas Inc/Il/)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Designated Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 US$25,000,000 or an integral multiple of $1,000,000 US$5,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Twenty-First Century Fox, Inc.), Credit Agreement (News Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower Borrowers shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Revolving Credit Commitments, provided that each partial reduction (i) shall be in the aggregate amount of $EUR 10,000,000 or an integral multiple of $EUR 1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments.
Appears in 2 contracts
Samples: Year Credit Agreement (Lubrizol Corp), Year Credit Agreement (Lubrizol Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit CommitmentsCommitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Year Credit Agreement (Pinnacle West Capital Corp), Credit Agreement (Pinnacle West Capital Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Intuit Inc), Credit Agreement (Western Digital Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.. NYDOCS02/767329
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Revolving Credit Commitments, provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the AgentAgent (which shall promptly notify each of the Lenders), to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit unused Commitments, provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Commitments.
Appears in 1 contract
Samples: Term Loan Agreement (Gatx Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Tranche A Commitments, Tranche B Commitments or and/or the Unissued Letter of Credit Tranche C Commitments, as applicable, provided that (i) each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) each such reduction shall be made ratably among the Appropriate Lenders in accordance with their Appropriate Commitments with respect to such Facility.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the respective Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Computer Associates International Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ Days notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated, a commitment may not be reinstated.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 US$25,000,000 or an integral multiple of $1,000,000 US$5,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (News Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided PROVIDED that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Day Credit Agreement (Platinum Underwriters Holdings LTD)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three (3) Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Term Commitments or (if any) of the Unissued Letter of Credit Commitments, Lenders; provided that each partial reduction shall be in the aggregate amount of $10,000,000 1.0 million or an integral multiple of $1,000,000 1.0 million in excess thereof. Once terminated, a commitment may not be reinstated.
Appears in 1 contract
Samples: Credit Agreement (Cloudera, Inc.)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the rightmay, upon at least three Business Days’ ' written notice to the Administrative Agent, to which notice shall be irrevocable, unless it shall be expressly conditioned on a refinancing, terminate in whole or permanently reduce ratably in part the Unused Commitments or unused portions of the Unissued Letter of Credit Commitments; provided, provided however, that each partial reduction of the Facility (i) shall be in the an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof, and (ii) shall be made ratably among the Lenders in accordance with their Commitments.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of any Class of Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the unused Term Commitments (if any), Unused Revolving Credit Commitments or the Unissued Letter of Credit Commitments, Commitments of the Lenders; provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 in excess thereof. Once terminated, a commitment may not be reinstated. Section 2.06.
Appears in 1 contract
Samples: Credit Agreement (Science Applications International Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to permanently terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 50,000,000 or an integral multiple of $1,000,000 5,000,000 in excess thereof.
Appears in 1 contract
Samples: Year Credit Agreement (Sears Roebuck Acceptance Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or the Unissued Letter of Credit Commitments, ; provided that each partial reduction of a Facility (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) with respect to the Revolving Credit Facility, shall be made ratably among the Lenders in accordance with their Commitments.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or the Unissued Letter of Credit Commitments, provided that each partial reduction of a Facility (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) with respect to the Revolving Credit Facility, shall be made ratably among the Lenders in accordance with their Commitments.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three one Business Days’ Day’s notice to the Agent, to permanently terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit CommitmentsCommitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Phelps Dodge Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the AgentAgent (which shall promptly notify each of the Lenders), to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Revolving Credit Commitments, provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments. SECTION 2.06.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower Borrowers shall have the right, upon at least three five Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLender Parties, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part part, the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, a commitment may not be reinstated.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 US$25,000,000 or an integral multiple of $1,000,000 US$5,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Appears in 1 contract
Samples: Credit Agreement (Ugi Utilities Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Day Credit Agreement (Platinum Underwriters Holdings LTD)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Appears in 1 contract
Samples: Five Year Credit Agreement (May Department Stores Co)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three one Business Days’ Day's notice to the Agent, to permanently terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Appears in 1 contract
Samples: Credit Agreement (Phelps Dodge Corp)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 12,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the rightmay, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit Commitments; provided, provided however, that each partial reduction of the Facility (i) shall be in the an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Commitments with respect to the Facility. Once terminated, the Commitment may not be reinstated. SECTION 2.06.
Appears in 1 contract
Samples: Credit Agreement (Granite Point Mortgage Trust Inc.)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' prior notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the Tranche A Term Commitments or and the Unissued Letter of Credit Tranche B Term Commitments, ; provided that each partial reduction of a Facility (i) shall be in the an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Commitments with respect to such Facility.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' prior notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or unused portions of the Unissued Letter of Credit Term Commitments, ; provided that each partial reduction (i) shall be in the an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Commitments.
Appears in 1 contract
Samples: Revolving Credit Agreement (Andrews Group Inc /De/)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the AgentLender, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit CommitmentsCommitment; provided, provided however, that each partial reduction shall be in the aggregate a minimum amount of $10,000,000 EUR 1,000,000 or an integral multiple of $EUR 1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower Borrowers shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 2,000,000 or an integral multiple of $1,000,000 500,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit Agreement (Memc Electronic Materials Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Commitments or of the Unissued Letter of Credit Commitments6 Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, the Commitment may not be reinstated other than as provided in Section 2.17.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the Term Commitments, the Unused Revolving Credit Commitments or the Unissued Letter of Credit Commitments, provided that each partial reduction of a Facility (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Appropriate Lenders in accordance with their Commitments with respect to such Facility.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof. SECTION 2.05.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Term Commitments or the Unissued Letter Unused Revolving Credit Commitments of Credit Commitments, the Lenders; provided that each partial reduction of a Facility (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility.
Appears in 1 contract
Samples: Credit Agreement (Telecomunicaciones De Puerto Rico Inc)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Unused Revolving Credit Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Day Credit Agreement (York International Corp /De/)
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit CommitmentsCommitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 Euro100,000 or an integral multiple of $1,000,000 Euro 100,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Tranche A Commitments or and/or the Unissued Letter of Credit Tranche B Commitments, as applicable, provided that (i) each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) each such reduction shall be made ratably among the Appropriate Lenders in accordance with their Appropriate Commitments with respect to such Facility.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused portions of the respective Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (ad) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit Commitments, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Optional Termination or Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Designated Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or of the Unissued Letter of Credit CommitmentsLenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 the Borrowing Minimum or an integral multiple of $1,000,000 Borrowing Multiple in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (News Corp)