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 reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Lenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $1,000,000 or an integral multiple of $500,000 in excess thereof. (b) The then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (i) of Section 2.9(a) (Mandatory Prepayments) or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment (or deemed prepayment) (and the Revolving Credit Commitment of each Lender shall be reduced by its Ratable Portion of such amount). (c) Upon the occurrence of a Change of Control the then current Revolving Credit Commitments of each Lender and the commitment of each Lender and Issuer to Issue or participate in any Letter of Credit shall automatically terminate.
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Samples: Credit Agreement (Aviall Inc), Credit Agreement (Aviall Inc)
Reduction and Termination of the Revolving Credit Commitments. (a) 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 Lenders; provided, however, that each partial reduction shall be in an the aggregate amount of not less than $1,000,000 5,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof.
(b) The then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (i) of Section 2.9(a) (Mandatory Prepayments2.10(a) or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect, in each case in the amount of fifty percent (50%) of such prepayment (or deemed prepayment) (and the Revolving Credit Commitment of each Lender shall be reduced by its Ratable Portion of such amount); provided, however, that the requirements of this Section 2.6(b) shall not apply to the Asset Sale consummated pursuant to Section 6.5(vi).
(c) Upon the occurrence of a Change of Control the then current Revolving Credit Commitments of each Lender and the commitment of each Lender and Issuer to Issue or participate in any Letter of Credit shall automatically terminate.
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Samples: Credit Agreement (Oxford Automotive Inc), Credit Agreement (Oxford Automotive Inc)
Reduction and Termination of the Revolving Credit Commitments. (a) The Borrower may, upon at least three Business Days' prior notice to the Administrative AgentAgents, 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 $1,000,000 or an integral multiple of $500,000 in excess thereofthe applicable Minimum Currency Threshold.
(b) The then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause Section 2.10(a) or (i) of Section 2.9(ab) (Mandatory Prepayments) or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect, in each case case, in the amount of such prepayment (or deemed prepayment) (and the Revolving Credit Commitment of each Lender shall be reduced by its Ratable Portion of such amount), except for any such prepayment made pursuant to Section 2.10(c)(ii) (Mandatory Prepayments).
(c) Upon the occurrence of a Change of Control the then current Revolving Credit Commitments of each Lender and the commitment of each Lender and Issuer to Issue or participate in any Letter of Credit shall automatically terminate.
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Reduction and Termination of the Revolving Credit Commitments. (a) 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 Lenders; provided, however, that each partial reduction shall be in an the aggregate amount of not less than $1,000,000 5,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof.. AMENDED AND RESTATED CREDIT AGREEMENT SUNTRON CORPORATION
(b) The then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause subclause (i) (other than for Asset Sales made pursuant to and in accordance with clause (b) of Section 2.9(a8.4 (Sale of Assets)) or (ii) of clause (a) of Section 2.9 (Mandatory Prepayments) or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment (or deemed prepayment) (and the Revolving Credit Commitment of each Lender shall be reduced by its Ratable Portion of such amount).
(c) Upon the occurrence of a Change of Control the then current Revolving Credit Commitments of each Lender and the commitment of each Lender and Issuer to Issue or participate in any Letter of Credit shall automatically terminate.
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Samples: Credit Agreement (Suntron Corp)
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 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 $1,000,000 or an integral multiple of $500,000 in excess thereofthe applicable Minimum Currency Threshold.
(b) The then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause Section 2.10(a) or (i) of Section 2.9(ab) (Mandatory Prepayments) or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment (or deemed prepayment) (and the Revolving Credit Commitment of each Lender shall be reduced by its Ratable Portion of such amount).
(c) Upon the occurrence of a Change of Control the then current Revolving Credit Commitments of each Lender and the commitment of each Lender and Issuer to Issue or participate in any Letter of Credit shall automatically terminate.
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