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).
Appears in 3 contracts
Samples: Revolving Credit Agreement, Revolving Credit Agreement, Revolving Credit Agreement
