Common use of Reduction and Termination of the Revolving Credit Commitments Clause in Contracts

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 3 contracts

Samples: Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp)

AutoNDA by SimpleDocs

Reduction and Termination of the Revolving Credit Commitments. The Borrower Borrowers may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit LendersLenders without premium or penalty other than any amount required to be paid by the Borrowers pursuant to Section 2.14(e) (Breakage Costs); provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (J Crew Group Inc), Credit Agreement (J Crew Group Inc)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Edo Corp), Credit Agreement (WCI Steel, Inc.)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (WHX Corp), Credit Agreement (WHX Corp)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit LendersLenders under the Revolving Credit Facility; provided, however, provided that each partial reduction shall be in an aggregate amount equal to $1,000,000. Any reduction of not less than $5,000,000 or an integral multiple the aggregate Revolving Credit Commitments pursuant to this Section 2.5 shall be applied to the Revolving Credit Commitments of $1,000,000 each Revolving Credit Lender in excess thereofaccordance with each such Lender’s Ratable Portion of such reduction.

Appears in 2 contracts

Samples: Credit Agreement (Agilon Health, Inc.), Credit Agreement (Agilon Health, Inc.)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, Borrowers may upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an the aggregate amount of not less than $5,000,000 10,000,000 or an integral multiple of $1,000,000 5,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 500,000 in excess thereofthereof and any mandatory prepayment resulting from such reduction shall have been made.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days' prior written notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Geneva Steel Holdings Corp)

Reduction and Termination of the Revolving Credit Commitments. The Borrower Company may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Suntron Corp)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; providedPROVIDED, howeverHOWEVER, that each partial reduction shall be in an the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Wheeling Pittsburgh Corp /De/)

Reduction and Termination of the Revolving Credit Commitments. (a) The Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or or, from time to time, permanently reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Lenders according to their respective Revolving Credit LendersLoan Percentages; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 1,000,000 or an integral a whole multiple of $1,000,000 in excess thereof. (b) The Revolving Credit Commitments shall automatically terminate when they shall have been reduced to zero.

Appears in 1 contract

Samples: Secured Super Priority Debtor in Possession Credit Agreement (Sea Containers LTD /Ny/)

AutoNDA by SimpleDocs

Reduction and Termination of the Revolving Credit Commitments. The U.S. Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, permanently terminate in whole or permanently reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 500,000 in excess thereofthereof and any mandatory prepayment resulting from such reduction shall have been made.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 3,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: First Lien Credit Agreement (Tecumseh Products Co)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, may upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an the aggregate amount of not less than $5,000,000 10,000,000 or an integral multiple of $1,000,000 5,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Reduction and Termination of the Revolving Credit Commitments. The Borrower Borrowers may, upon at least three Business Days’ Days prior notice to the Administrative Senior A Facility Agent, terminate ratably, in whole or reduce in part ratably part, the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an the aggregate amount of not less than $5,000,000 10,000,000 (or, if less, the aggregate amount of such unused portions) or an integral multiple of $1,000,000 5,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Memec Inc)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof; provided, however, that unless the Revolving Credit Commitments are being terminated in whole, the aggregate Revolving Credit Commitments shall not be reduced to an amount less than $30,000,000.

Appears in 1 contract

Samples: Credit Agreement (Tekni Plex Inc)

Reduction and Termination of the Revolving Credit Commitments. The Borrower may, upon at least three five Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Senior Secured Super Priority Debtor in Possession and Exit Credit Agreement (Constar International Inc)

Reduction and Termination of the Revolving Credit Commitments. (a) The Borrower may, upon at least three five Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Constar International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!