Reduction of the Commitments. The Borrower shall have the right, upon at least two Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple thereof.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Peco Energy Co), Day Credit Agreement (Peco Energy Co), Revolving Credit Agreement (Peco Energy Co)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two five Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 4 contracts
Samples: Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and providedthat, further, that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 3 contracts
Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Petroleum Corp)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances Extensions of Credit then outstanding; and provided, further, that each partial reduction shall be in the aggregate a minimum amount of $10,000,000 or an integral any whole multiple of $1,000,000 in excess thereof.
Appears in 3 contracts
Samples: Day Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp), Day Credit Agreement (Alliant Energy Corp)
Reduction of the Commitments. (a) The Borrower shall have the rightmay, upon at least two three Business Days' ’ prior notice to the Administrative Agent, to permanently terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the LendersBanks; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, furtherhowever, that (i) each partial reduction shall be in the aggregate amount of not less $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof, and (ii) no such reduction shall result in the Total Commitments of the Banks being less than $100,000,000 unless the Commitments have been permanently terminated.
Appears in 3 contracts
Samples: Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an in integral multiple multiples of $500,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Holly Energy Partners Lp), Credit Agreement (Holly Energy Partners Lp)
Reduction of the Commitments. The Borrower (a) Subject to Section 2.18(c), the Borrowers shall have the right, upon at least two three (3) Business Days' ’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple thereof. Any such reduction of each Bank’s Commitment will be an automatic reduction of such Bank’s Revolving Credit Commitment in an identical amount.
Appears in 2 contracts
Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two five Business Days' Days notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersBanks; providedprovided that each partial reduction shall be in the aggregate amount of at least $10,000,000; and provided further, that the aggregate amount of the Commitments of the Lenders Banks shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in outstanding to the aggregate amount of $10,000,000 or an integral multiple thereofBorrower.
Appears in 2 contracts
Samples: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' ’ notice to the Administrative Agent, to terminate in whole all of the Commitments or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances then outstanding; , and provided, further, provided further that each partial reduction (other than a reduction pursuant to Section 2.11) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Colgate Palmolive Co), Year Credit Agreement (Colgate Palmolive Co)
Reduction of the Commitments. The Borrower shall have the right, upon at least two five Business Days' Days notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersBanks; providedprovided that each partial reduction shall be in the aggregate amount of at least $20,000,000; and provided further, that the aggregate amount of the Commitments of the Lenders Banks shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in outstanding to the aggregate amount of $10,000,000 or an integral multiple thereofBorrower.
Appears in 2 contracts
Samples: Credit Agreement (Williams Holdings of Delaware Inc), Credit Agreement (Williams Companies Inc)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; providedBanks, provided that the aggregate amount of the Commitments of the Lenders Banks shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; outstanding at such time and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Uil Holdings Corp), Credit Agreement (Uil Holdings Corp)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and providedthat, further, that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 3,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Holdings, LP)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and providedthat, further, that each partial reduction shall be in the aggregate amount of $10,000,000 500,000 or an in integral multiple multiples of $100,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Callon Petroleum Co), Security Agreement (Callon Petroleum Co)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersTranche A Commitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 500,000 or an in integral multiple multiples of $100,000 in excess thereof. Additionally, the Tranche B Commitments shall automatically reduce to zero on the date the initial Tranche B Advances are made.
Appears in 2 contracts
Samples: Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc)
Reduction of the Commitments. The Borrower shall have the right, upon at least two Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple thereof.
Appears in 2 contracts
Samples: Credit Agreement (Peco Energy Co), Revolving Credit Agreement (Peco Energy Co)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, Agent to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersTotal Commitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction in the Total Commitment shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $5,000,000 in excess thereof. Any such reduction or termination by the Borrower shall be irrevocable.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the ----------------------------- right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Dc Holdco Inc
Reduction of the Commitments. The Borrower shall have the rightmay, upon at least two five Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions Commitments of the respective Commitments of the Lenders; provided, that the provided that: (i) any such partial reduction shall be in an aggregate amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof, and (ii) in no event shall the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the all Advances then outstanding; and provided, further, that each partial reduction . In no event shall the Borrower be in entitled to increase the aggregate amount Total Commitment without the consent of $10,000,000 or an integral multiple thereofall of the Lenders.
Appears in 1 contract
Reduction of the Commitments. The (a) Borrower shall have the right, upon at least two three Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of at least $10,000,000 500,000 or an in integral multiple multiples of $100,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, Agent to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersAggregate Maximum Commitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction in the Aggregate Maximum Commitment shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof. Any such reduction or termination shall be irrevocable by the Borrower.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, Funds Administrator to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; Banks, provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Kirby Corp)
Reduction of the Commitments. The Borrower shall have the right, upon at least two five Business Days' Days notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments Letter of the LendersCredit Commitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of at least $10,000,000 or 10,000,000; and provided further that the aggregate amount of the Letter of Credit Commitments shall not be reduced to an integral multiple thereofamount which is less than the aggregate amount of all Letter of Credit Liabilities.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; outstanding plus the aggregate amount of the L/C Obligations outstanding and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple thereof.
Appears in 1 contract
Samples: Louisville Gas & Electric Co /Ky/
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple thereof.unused
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances then outstanding; , and provided, further, provided further that each partial reduction shall be in the an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Trinova Corp)
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an (being the amount that is less than by which such Commitments exceed the aggregate outstanding principal amount of the Advances then outstanding; and providedall Advances), further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 20,000,000 or an integral any whole multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 3,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have ---------------------------- the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Walt Disney Co/)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' Days notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Auction Advances then outstanding; , and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple thereof.
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the rightmay, upon at least two five Business Days' notice to the Administrative each Co-Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersCommitments; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each any such partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; outstanding and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple thereof.
Appears in 1 contract
Samples: Louisville Gas & Electric Co /Ky/
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two five Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Brigham Exploration Co)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 500,000 or an in integral multiple multiples of $100,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Three Forks, Inc.)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an in integral multiple multiples of $500,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two five Business Days' Days notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersBanks; providedprovided that each partial reduction shall be in the aggregate amount of at least $10,000,000; and provided further, that the aggregate amount of the Commitments of the Lenders Banks shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in outstanding to the aggregate amount of $10,000,000 or an integral multiple thereofBorrower.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an (being the amount that is less than by which such Commitments exceed the aggregate outstanding principal amount of the Advances then outstanding; and providedall Advances), further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple thereof.partial
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of at least $10,000,000 or an 3,000,000 and in integral multiple multiples of $1,000,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; , provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, furtherhowever, that each partial reduction shall be in the aggregate amount of $10,000,000 500,000 or an integral multiple of $250,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' Days notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; providedBanks, provided that each partial reduction shall be in the aggregate amount of at least $20,000,000, and provided further, that the aggregate amount of the Commitments of the Lenders Banks shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in outstanding to the aggregate amount of $10,000,000 or an integral multiple thereofBorrower.
Appears in 1 contract
Samples: Credit Agreement (Williams Holdings of Delaware Inc)
Reduction of the Commitments. The Borrower shall have the rightmay, upon at any time, by providing at least two three Business Days' ’ prior written notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersTotal Commitment (applied on a pro rata basis in accordance with each Lender’s Percentage); provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each any such partial reduction shall be in the a minimum aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof. Each such notice of termination or reduction shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (Public Service Co of New Hampshire)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Tranche A Commitments of or the LendersTranche B Commitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000.00 or an integral multiple thereofof $1,000,000.00.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' ’ notice to the Administrative Agent, to terminate in whole or or, upon same day notice, from time to time to permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or in an integral multiple of $1,000,000 in excess thereof. Each such notice of termination or reduction shall be irrevocable.
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ notice to the Administrative AgentAgent and without premium or penalty, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersBanks; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole all of the Commitments or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that which is less than the aggregate principal amount of the Advances then outstanding; , and provided, further, provided further that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Semco Energy Inc)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, Agent to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersTotal Commitment; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction in the Total Commitment shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $5,000,000 in excess thereof. Any such reduction or termination by the Borrower shall be irrevocable and permanent.
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Reduction of the Commitments. (a) The Borrower shall have the rightmay, upon at least two five Business Days' notice to the Administrative AgentAgent (which shall promptly distribute copies thereof to the Lenders), to terminate in whole or reduce ratably in part the unused portions of the respective Revolving 364-Day Commitments, the Revolving Three-Year Commitments of and/or the LendersTerm Commitments; provided, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each any such partial reduction under any Tranche shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
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Samples: Credit Agreement (CMS Energy Corp)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and providedthat, further, that each partial reduction shall be in the aggregate amount of $10,000,000 500,000 or an in integral multiple multiples of $100,000 in excess thereof.
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Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 2,500,000 or an integral multiple of $1,000,000 in excess thereof.
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Samples: Revolving Credit Agreement (Telecomunicaciones De Puerto Rico Inc)
Reduction of the Commitments. The Borrower shall have the right, upon at least two five Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; providedBanks, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an a greater integral multiple thereof.
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Samples: Revolving Credit Agreement (New Jersey Resources Corp)
Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two three Business Days' ’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
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Reduction of the Commitments. a. The Borrower shall have the right, without premium or penalty, upon at least two three Business Days' ’ notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple thereof. Once terminated, a Commitment may not be reinstated.
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Reduction of the Commitments. (a) The Borrower shall have the right, upon at least two five Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitments; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an in integral multiple multiples of $1,000,000 in excess thereof.
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Samples: Subordinated Credit Agreement (Brigham Exploration Co)
Reduction of the Commitments. The Borrower shall have the rightmay, upon at least two five Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions Commitments of the respective Commitments of the Lenders; providedprovided that, that the (i) any such partial reduction shall be in an aggregate amount of $25,000,000 or an integral multiple of $5,000,000 in excess thereof, and (ii) in no event shall the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple thereofAggregate Outstanding Amount.
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