Common use of Reduction of Commitment Amount Clause in Contracts

Reduction of Commitment Amount. The Borrower may, from time to time on any Business Day occurring after the time of the initial Borrowing hereunder, voluntarily reduce the Commitment Amount; provided, however, that all such reductions shall require at least five Business Days' prior notice to the Agent and be permanent, and any partial reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $1,000,000.

Appears in 2 contracts

Samples: Thorn Apple Valley Inc, Thorn Apple Valley Inc

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Reduction of Commitment Amount. The Borrower may, from time to time on any Business Day occurring after the time of the initial Borrowing hereunderEffective Date, voluntarily reduce the amount of the Commitment Amount; providedPROVIDED, howeverHOWEVER, that all such reductions shall require at least five three Business Days' prior notice to the Agent and be permanent, and any partial reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 10,000,000 and in an integral multiple of $1,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Noble Affiliates Inc), Credit Agreement (Noble Affiliates Inc)

Reduction of Commitment Amount. The Borrower may, from time to time on any Business Day occurring after the time of the initial Borrowing hereunderDay, voluntarily reduce the Commitment Amount; provided, however, that all such reductions shall require at least five three Business Days' prior notice to the Agent and be permanent, and any partial reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Kirkwood Acquisition Corp)

Reduction of Commitment Amount. The Borrower may, from time to time on any Business Day occurring after the time of the initial Borrowing hereunderEffective Date, voluntarily reduce the amount of the Commitment Amount; provided, however, that all such reductions shall require at least five three Business Days' ’ prior notice to the Agent and be permanent, and any partial reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 10,000,000 and in an integral multiple of $1,000,000.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Noble Energy Inc)

Reduction of Commitment Amount. The Borrower may, from time to time on any Business Day occurring after the time of the initial Borrowing hereunder, voluntarily reduce the amount of the Commitment Amount; provided, however, that all such reductions shall require at least five three Business Days' prior notice to the Agent and be permanent, and any partial reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 25,000,000 and in an integral multiple of $1,000,0005,000,000.

Appears in 1 contract

Samples: Credit Agreement (Noble Affiliates Inc)

Reduction of Commitment Amount. The Borrower may, may from time to time on any Business Day occurring after by written notice delivered to the time of the initial Borrowing hereunder, voluntarily reduce the Commitment Amount; provided, however, that all such reductions shall require Bank at least five Business Days' Days prior notice to the Agent and be permanentdate of the requested reduction, and reduce by integral multiples of $1,000,000 any partial unborrowed portion of the Commitment Amount. No reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $1,000,000subject to reinstatement.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Empire State Corp)

Reduction of Commitment Amount. The Borrower may, from time to time on any Business Day occurring after the time of the initial Borrowing hereunderDay, voluntarily reduce the 364-day Facility Commitment Amount or the Three-year Facility Commitment Amount; provided, however, that all such reductions shall require at least five three Business Days' prior notice to the Agent and be permanent, and any partial reduction of the 364-day Facility Commitment Amount or the Three-year Facility Commitment Amount shall be in a minimum amount of $1,000,000 5,000,000 and in an integral multiple of $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Moore Corporation LTD)

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Reduction of Commitment Amount. The Borrower may, may from time to time on any time, by written notice delivered to Bank at least five (5) Business Day occurring after Days prior to the time date of the initial Borrowing hereunderrequested reduction, voluntarily reduce by integral multiples of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) any unborrowed portion of the Commitment Amount; provided, however, that all such reductions shall require at least five Business Days' prior notice to the Agent and be permanent, and any partial . No reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $1,000,000subject to reinstatement.

Appears in 1 contract

Samples: Master Credit Agreement (Aristotle Corp)

Reduction of Commitment Amount. The Borrower may, may from time to time on any Business Day occurring after the time of the initial Borrowing hereundertime, voluntarily reduce the Commitment Amount; provided, however, that all such reductions shall require at least upon not less than five Business Days' prior notice to the Agent and Lender, voluntarily reduce the Commitment Amount effective as of the stated effective date of such notice; provided that any such reduction shall be permanent, permanent and any partial reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 2,000,000 and in an integral multiple of $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Kemper High Income Trust)

Reduction of Commitment Amount. The Borrower may, may from time to time on any time, by written notice delivered to Bank at least five (5) Business Day occurring after Days prior to the time date of the initial Borrowing hereunderrequested reduction, voluntarily reduce by integral multiples of ONE HUNDRED THOUSAND AND NO/l00 DOLLARS ($100,000.00) any unborrowed portion of the Commitment Amount; provided, however, that all such reductions shall require at least five Business Days' prior notice to the Agent and be permanent, and any partial . No reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $1,000,000subject to reinstatement.

Appears in 1 contract

Samples: Master Credit Agreement (Polyvision Corp)

Reduction of Commitment Amount. The Borrower may, from time to ------------------------------ time on any Business Day occurring after the time of the initial Borrowing hereunder, voluntarily reduce the Commitment Amount; provided, however, that all -------- ------- such reductions shall be irrevocable and shall require at least five three Business Days' prior notice to the Agent and be permanent, and any partial reduction of the Commitment Amount shall be in a minimum amount of $1,000,000 500,000 and in an integral multiple of $1,000,000250,000.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

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