Common use of Reduction of Revolving Credit Commitment Clause in Contracts

Reduction of Revolving Credit Commitment. The Borrower may from time to time by written notice delivered to the Lender at least 5 Business Days prior to the date of the requested reduction, reduce by a minimum amount of $500,000, and in additional increments of $100,000, any unborrowed portion of the Revolving Credit Commitment then in effect. No reduction of the Revolving Credit Commitment shall be subject to reinstatement.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Open Link Financial, Inc.), Revolving Credit and Term Loan Agreement (Open Link Financial, Inc.)

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Reduction of Revolving Credit Commitment. The Borrower may from time to time by written notice delivered to the Lender Administrative Agent at least 5 seven (7) Business Days prior to the date of the requested reduction, reduce by a minimum amount of $500,0001,000,000, and in additional increments of $100,000500,000, any unborrowed portion of the Revolving Credit Commitment then in effectCommitment. No reduction of the Revolving Credit Commitment shall be subject to reinstatement.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Mac-Gray Corp), Revolving Credit and Term Loan Agreement (Mac-Gray Corp)

Reduction of Revolving Credit Commitment. The Borrower may from time to time by written notice delivered to the Lender Administrative Agent at least 5 five (5) Business Days prior to the date of the requested reduction, reduce by a minimum amount of $500,0005,000,000, and in additional increments of $100,0001,000,000, any unborrowed portion of the Revolving Credit Commitment then in effectCommitment. No reduction of the Revolving Credit Commitment shall be subject to reinstatement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ross Stores Inc)

Reduction of Revolving Credit Commitment. The Borrower may from ---------------------------------------- time to time by written notice delivered to the Lender Administrative Agent at least 5 Business Days prior to the date of the requested reduction, reduce by a minimum amount of $500,0001,000,000, and in additional increments of $100,000500,000, any unborrowed portion of the Revolving Credit Commitment then in effectCommitment. No reduction of the Revolving Credit Commitment shall be subject to reinstatement.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Wm Acquisition Inc)

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Reduction of Revolving Credit Commitment. The Borrower Borrowers may from time to time by written notice delivered to the Lender Administrative Agent at least 5 three Business Days prior to the date of the requested reduction, reduce by a minimum amount integral multiples of $500,000, and in additional increments of $100,000, 100,000 any unborrowed portion of the aggregate Revolving Credit Commitments. Any such reduction shall be PRO RATA based on the Revolving Credit Commitment then in effectPercentage of each of the Banks. No reduction of the Revolving Credit Commitment Commitments shall be subject to reinstatement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Unicco Service Co)

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