Ratable Reduction or Termination Sample Clauses
Ratable Reduction or Termination. 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 the unused portions of Commitments of the Lenders; provided that each partial reduction shall be in an aggregate amount of not less than $50,000,000 and an integral multiple of $5,000,000 in excess thereof; provided further that any such notice may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of a specific transaction, in which case such notice may be revoked by the Borrower if such condition is not satisfied.
Ratable Reduction or Termination. 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 the unused portions of the respective Commitments of the Lenders; provided that each partial reduction shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof; provided, further, that the aggregate amount of the Commitments shall not be reduced to an amount that is less than the aggregate principal amount of Advances then outstanding; and provided, further, that any such notice may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of a specific transaction, in which case such notice may be revoked by the Borrower if such condition is not satisfied.
Ratable Reduction or Termination. The Borrower may at any time terminate or reduce in whole or in part the unused portion of any Commitments of the Lenders without premium or penalty; provided that the aggregate reduction of any Commitments shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000 (or, if less, an aggregate amount that is equal to the entire unused balance of the Commitments).
Ratable Reduction or Termination. The Borrower shall have the right, upon at least three Business Days’ notice (or, if later, upon notice provided substantially concurrently with the delivery of a Notice of Borrowing pursuant to Section 2.02(a)(x)) to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of Commitments of the Lenders; provided that each partial reduction shall be in an aggregate amount of not less than $50,000,000 and an integral multiple of $5,000,000 in excess thereof; provided further that any such notice may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of a specific transaction, in which case such notice may be revoked by the Borrower if such condition is not satisfied; provided further that, for the avoidance of doubt and for purposes of the Ticking Fee Letter, the Commitments shall, if not yet drawn upon, expire and terminate at 11:59 p.m. (Chicago time) on June 30, 2018.
Ratable Reduction or Termination of the Commitments; Effect of Termination.
(a) Each of the Parent and EII shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that each partial reduction shall be in the aggregate amount of at least $10,000,000 or any whole multiple of $1,000,000 in excess thereof. Commitments terminated or reduced pursuant to the preceding sentence may not be reinstated.
(b) Upon and at all times after any Commitment of any Bank is terminated in whole pursuant to any provision of this Agreement, such Commitment shall be zero and such Bank shall have no further obligation to make any Advances.