Reduction and Termination. (i) The Total Revolving Commitment and the Total Term Commitment shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period.
Reduction and Termination. (a) Subject to the provisions of Section 2.6(b) hereof, the Available Commitment shall be reduced from time to time as requested by the Authority within three (3) days of the Authority’s written notice to the Lender requesting such reduction in the form of Exhibit E hereto; provided, that each such reduction amount shall be in an amount equal to $1,000,000 or an integral multiple thereof.
Reduction and Termination. (a) Subject to the terms and provisions set forth in the Fee Letter, the Stated Amount of the Letter of Credit shall be reduced from time to time or permanently terminated, as provided herein, as requested by the City on the date specified in the certificate delivered by the Issuing and Paying Agent to the Bank, requesting such reduction or termination, provided that (i) each such reduction shall be in an amount equal to at least $1,000,000 and integral multiples of $1,000,000 in excess thereof, (ii) the Stated Amount of the Letter of Credit shall not be reduced to an amount less than the aggregate principal amount of the then Outstanding Covered Notes and interest due thereon at maturity, if any, and (iii) any reduction or termination in the Stated Amount of a Letter of Credit shall not be effective until the Bank, has received from the Issuing and Paying Agent a notice in the form attached to the Letter of Credit as Annex B reflecting such reduction or termination.
Reduction and Termination. (a) Subject to the provisions of the Lender Fee Letter, the Authority may elect to permanently reduce the Commitment Amount from time to time prior to the Commitment Expiration Date then in effect by delivery to the Administrative Agent of a Notice of Termination or Reduction in the form of Exhibit E hereto which Notice of Termination or Reduction shall state the effective date of such termination or reduction, as applicable; provided, further, that (i) each such reduction amount shall be in an amount equal to $50,000,000 (or, if less, the entire then unused amount thereof) or a whole multiple of $1,000,000 in excess thereof and (ii) following such reduction, the Commitment Amount shall not be less than the aggregate principal amount of all Term Loans outstanding on the date of such reduction.
Reduction and Termination. (i) The Undrawn Commitment of each Class A-R Lender shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Class A-R Commitment Period. Upon the making of the Class A-T Loans on the Closing Date, the Class A-T Lenders shall have no obligation to make any additional Class A-T Loans hereunder.
Reduction and Termination. Section 5.01. Termination for Convenience by the Department or Provider Agency. The Department or Provider Agency may Terminate this Contract upon 60 Days written advance Notice to the other party for any reason whatsoever. The parties expressly recognize and agree that the Department's ability to honor the terms and conditions of this Contract is contingent upon receipt of federal funds and/or appropriations of the State legislature. If during the term of this Contract, therefore, the federal and/or the State government reduces its allocation to the Department, the Department reserves the right, upon Notice to the Provider Agency, to reduce or Terminate the Contract
Reduction and Termination. (a) The Authority may elect to permanently reduce the Commitment Amount from time to time prior to the Commitment Expiration Date then in effect by delivery to the Bank of a Notice of Termination or Reduction in the form of Exhibit E hereto which Notice of Termination or Reduction shall state the effective date of such termination or reduction, as applicable; provided, further, that (i) each such reduction amount shall be in an amount equal to $1,000,000 or an integral multiple thereof and (ii) following such reduction, the Commitment Amount shall not be less than the aggregate principal amount of all Revolving Loans outstanding on the date of such reduction.
Reduction and Termination. Section 11.06.
Reduction and Termination. (a) Subject to the provisions of Section 2.6(b) hereof, the Available Commitment shall be reduced from time to time as requested by the Authority within three (3) days of the Authority’s written notice to the Lender requesting such reduction in the form of Exhibit E hereto; provided, that each such reduction amount shall be in an amount equal to $1,000,000 or an integral multiple thereof.
(b) Subject to the provisions of Section 2.6(b) hereof, the Authority may at any time and at its sole option terminate the Commitment upon three (3) Business Days’ prior written notice to the Lender. As a condition to any such termination, the Authority shall pay or cause to be paid to the Lender all Obligations owed to the Lender (other than Term Loan which shall be payable pursuant to the terms of Section 4.5 hereof).
Reduction and Termination. (1) Notwithstanding anything to the contrary contained herein, the Borrower may at any time, upon at least five Business Days’ written notice thereof (a “Voluntary Commitment Reduction Notice” and the related Commitment Reduction, a “Voluntary Commitment Reduction”) to the Administrative Agent, the Blackstone Asset Based Finance Representative, the U.S. Collateral Agent and KBRA, reduce the Total Commitments in whole or in part; provided that after giving effect to such Voluntary Commitment Reduction, the aggregate principal outstanding amount of the Loans shall not exceed the Total Commitments.
