Reduction and Termination of the Commitment. The Borrower may, upon at least three Business Days' prior notice to the Lender, terminate in whole or reduce in part the unused portions of the Commitment without premium or penalty; provided, however, that each partial reduction shall be in the aggregate amount of not less than $10,000,000.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Hospitality Properties Trust), Second Supplemental Credit Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust)
Reduction and Termination of the Commitment. The Borrower may, ------------------------------------------- upon at least three Business Days' prior notice to the Lender, terminate in whole or reduce in part the unused portions of the Commitment without premium or penalty; provided, however, that each partial reduction shall be in the -------- ------- aggregate amount of not less than $10,000,000.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Hospitality Properties Trust), Revolving Credit Agreement (Hospitality Properties Trust)
Reduction and Termination of the Commitment. The Borrower mayshall have the right, upon at least three two Business Days' prior Days notice to the LenderBank, to terminate in whole or reduce in part the unused portions portion of the Commitment without premium or penaltyCommitment; provided, however, provided that each partial reduction shall be in the aggregate an amount of not less than $10,000,0002,500,000.00.
Appears in 1 contract
Samples: Credit Agreement (Allen Paul G)
Reduction and Termination of the Commitment. The (a) Borrower may, upon at least three 4 Business Days' prior Days notice to the Lender, terminate in whole or reduce in part the unused portions of the Commitment without premium or penaltyCommitment; provided, however, provided that each partial reduction shall be in the an aggregate amount of not less than $10,000,0005,000,000 or an integral multiple of $500,000 in excess thereof and (b) the Commitment shall be reduced by the purchase amount as determined pursuant to Section 2.14 and Section 7.14.
Appears in 1 contract
Reduction and Termination of the Commitment. The Borrower may, upon at least three Business Days' prior notice to the Lender, terminate in whole or reduce in part the unused portions of the either Commitment without premium or penalty; provided, however, that each the Term Loan Commitment shall be reduced to zero before any reduction in the Revolving Credit Commitment can be made; and provided, further, any partial reduction shall be in the aggregate amount of not less than $10,000,000.
Appears in 1 contract
Samples: Revolving Credit Agreement (Hospitality Properties Trust)
