Reduction of the Commitments. The Company shall have the right, upon at least 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 each partial reduction shall be in the aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof.
Appears in 18 contracts
Samples: Revolving Credit and Competitive Advance Facility Agreement (El Paso Natural Gas Co), Revolving Credit and Competitive Advance Facility Agreement (El Paso Natural Gas Co), Revolving Credit and Competitive Advance Facility Agreement (El Paso Tennessee Pipeline Co)
Reduction of the Commitments. The Company Borrower shall have the right, upon at least 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 LendersLenders (being the amount by which such Commitments exceed the aggregate outstanding principal amount of all Advances), provided that each partial reduction shall be in the aggregate amount of $10,000,000 20,000,000 or any whole multiple of $1,000,000 in excess thereof.
Appears in 7 contracts
Samples: Short Term Revolving Credit Agreement (Burlington Resources Inc), Long Term Revolving Credit Agreement (Burlington Resources Inc), Long Term Revolving Credit Agreement (Burlington Resources Inc)
Reduction of the Commitments. The Company shall have the right, upon at least 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 each partial reduction shall be in the aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (El Paso Corp/De)
Reduction of the Commitments. The Company shall have the right, upon at least three Business Days' β notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersBanks; provided, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or any whole an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Ecolab Inc)
Reduction of the Commitments. The Company shall have the right, upon at least three 10 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 LendersBanks, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or any whole multiple the Commitments of $1,000,000 in excess thereofthe Banks shall not be reduced to an amount which is less than the aggregate principal amount of the B Advances then outstanding.
Appears in 1 contract
Samples: Bank Credit Agreement (Boeing Co)
