Reduction of Commitments Payments and Prepayments Sample Clauses

Reduction of Commitments Payments and Prepayments. 64 Section 4.1. Voluntary Reduction of Commitments..............................................................64 Section 4.2. Mandatory Reductions of Commitments.............................................................65 Section 4.3.
Sample 1See All (5)
AutoNDA by SimpleDocs
Reduction of Commitments Payments and Prepayments. . . . 54 4.1 Voluntary Reduction of Commitments; Repayment. . . . . . . . . . 54 4.2
Sample 1
Reduction of Commitments Payments and Prepayments. 4.1 Voluntary Reduction of Commitments ---------------------------------- (a) Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each Lender), the Borrower shall have the right, without premium or penalty, to terminate the unutilized portion of the Domestic Revolving Commitments, the Multicurrency Revolving Commitments and/or, the Swing Line Commitment, as the case may be, in part or in whole; provided that (w) any such voluntary -------- termination of the Domestic Revolving Commitments and/or Multicurrency Revolving Commitments, as the case may be, shall apply to proportionately and permanently reduce the Domestic Revolving Commitment and/or Multicurrency Revolving Commitments, as the case may be, of each Domestic Revolving Lender or Multicurrency Revolving Lender, as the case may be, (x) any partial voluntary reduction pursuant to this Section 4.1 shall be in the amount of at least ----------- $10,000,000 and integral multiples of $5,000,000 in excess of that amount (y) any such voluntary termination of the Domestic Revolving Commitments shall occur simultaneously with a voluntary prepayment, pursuant to Section 4.3 such that ----------- the total of the Domestic Revolving Commitments shall not be reduced below the aggregate principal amount of outstanding Domestic Revolving Loans plus the Assigned Dollar Value of the aggregate Domestic LC Obligations and the Assigned Dollar Value of the Swing Line Loans and (z) any such voluntary termination of the Multicurrency Revolving Commitment shall occur simultaneously with a voluntary prepayment, pursuant to Section 4.3 such that the total of the Multicurrency Revolving Commitments shall ----------- not be reduced below the Assigned Dollar Value of the aggregate principal amount of outstanding Multicurrency Revolving Loans plus the aggregate Assigned Dollar Value of the Multicurrency LC Obligations.
Sample 1
Reduction of Commitments Payments and Prepayments. 4.1 Voluntary Reduction of Commitments
Sample 1
Reduction of Commitments Payments and Prepayments. 50 Section 4.1. Voluntary Reduction of Commitments 50 Section 4.2. Mandatory Reductions of Commitments 51 Section 4.3. Voluntary Prepayments 51 Section 4.4. Mandatory Prepayments 52 Section 4.5. Application of Prepayments 54 Section 4.6. Method and Place of Payment 56 Section 4.7. Net Payments 57 ARTICLE V CONDITIONS OF CREDIT 60 Section 5.1. Conditions Precedent to the Initial Borrowing 60 Section 5.2. Conditions Precedent to All Credit Events 66 ARTICLE VI REPRESENTATIONS AND WARRANTIES 66 Section 6.1. Corporate Status 66 Section 6.2. Corporate Power and Authority 67 Section 6.3. No Violation 67 Section 6.4. Governmental and Other Approvals 67 Section 6.5. Financial Statements; Financial Condition; Undisclosed Liabilities; Projections 67 Section 6.6. Litigation 69 Section 6.7. True and Complete Disclosure 69 Section 6.8. Use of Proceeds; Margin Regulations 69 Section 6.9. Taxes 70 Section 6.10. Compliance With ERISA 70 Section 6.11. Security Documents 71 Section 6.12. Documents 72 Section 6.13. Ownership of Property 72 Section 6.14. Capitalization 72 Section 6.15. Subsidiaries 73 Section 6.16. Compliance With Law, Etc. 73 Section 6.17. Investment Company Act 73 Section 6.18. Public Utility Holding Company Act 73 Section 6.19. Environmental Matters 74 Section 6.20. Labor Relations 74 Section 6.21. Intellectual Property, Licenses, Franchises and Formulas 74 Section 6.22. Certain Fees 75 Section 6.23. The Transactions 75 Section 6.24. Subordination 75 ARTICLE VII AFFIRMATIVE COVENANTS 75 Section 7.1. Financial Statements 75 Section 7.2. Certificates; Other Information 76 Section 7.3. Notices 77 Section 7.4. Conduct of Business and Maintenance of Existence 78 Section 7.5. Payment of Obligations 78 Section 7.6. Inspection of Property, Books and Records 79 Section 7.7. ERISA 79 Section 7.8. Maintenance of Property, Insurance 80 Section 7.9. Environmental Laws 80 Section 7.10. Interest Rate Protection 81 Section 7.11. Use of Proceeds 81 Section 7.12. Additional Security; Further Assurances 81 Section 7.13. End of Fiscal Years; Fiscal Quarters 83 Section 7.14. Senior Debt Ratings 83 Section 7.15. Ownership of Subsidiaries 83 Section 7.16. Landlord Consents 83 Section 7.17. TNS Investments, Inc 83 ARTICLE VIII NEGATIVE COVENANTS 83 Section 8.1. Liens 83 Section 8.2. Indebtedness 84 Section 8.3. Guaranties 86 Section 8.4. Consolidation, Merger, Purchase or Sale of Assets, etc. 86 Section 8.5. Dividends or Other Distributions 88 Section 8.6. Limitation on Certain R...
Sample 1
Reduction of Commitments Payments and Prepayments 
Sample 1Sample 2Sample 3See All (14)
AutoNDA by SimpleDocs

Related to Reduction of Commitments Payments and Prepayments

  • Payments Reductions of Commitments Prepayments 5 2.5 Promise to Pay; Promissory Notes. 8

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Mandatory Prepayments and Commitment Reductions 27 2.10 Conversion and Continuation Options............................29 2.11 Limitations on Eurodollar Tranches.............................29 2.12 Interest Rates and Payment Dates...............................29 2.13 Computation of Interest and Fees...............................30 2.14 Inability to Determine Interest Rate...........................30 2.15 Pro Rata Treatment and Payments................................31 2.16

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the Stated Maturity Date therefor. Prior thereto, the Borrower

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

  • Voluntary Prepayments of Borrowings 25 Section 3.08 Payments, etc................................................................................26 Section 3.09 Interest Rate Not Ascertainable, etc.........................................................28 Section 3.10 Illegally....................................................................................28 Section 3.11

  • Mandatory Prepayments Commitment Reductions (a) No later than the first Business Day following the date of receipt by Holdings, Company or any of its Subsidiaries of any Net Asset Sale Proceeds from Asset Sales made in accordance with Sections 6.7(o), 6.7(p), and Section 6.9, or of any Net Insurance/Condemnation Proceeds, Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to such Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds, as the case may be; provided, so long as Event of Default shall have occurred and be continuing, Company may deliver to Administrative Agent a certificate of an Authorized Officer of Company setting forth (1) that portion of such Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds (such portion being the "PROPOSED REINVESTMENT PROCEEDS") that Company or such Subsidiary intends to reinvest within 365 days of the date of receipt, in non-current assets useful in the business of Company and its Subsidiaries, which may include, in the case of any Proposed Reinvestment Proceeds which related to Net Insurance/Condemnation Proceeds, the repair, restoration or replacement of the applicable assets of Company or its Subsidiaries (such assets being "ELIGIBLE ASSETS") and (2) the proposed use of such Proposed Reinvestment Proceeds and such other information with respect to such reinvestment as Administrative Agent may reasonably request. In the event Collateral Agent shall receive any Net Insurance/Condemnation Proceeds in its capacity as loss payee pursuant to Section 5.5, Company hereby authorizes Collateral Agent to apply an amount equal to all such amounts in accordance with this Section 2.13(a); provided, if Company shall elect to exercise its option to reinvest any such proceeds pursuant to the first sentence of this Section 2.13(a), Company shall give notice to Administrative Agent of such election and Administrative Agent shall pay over to Company such proceeds and Company shall reinvest such proceeds in accordance with the terms of such sentence.

  • Mandatory Repayments and Prepayments 28 SECTION 3.06.

Time is Money Join Law Insider Premium to draft better contracts faster.