Common use of Reduction of the Commitments Clause in Contracts

Reduction of the Commitments. TBC shall have the right, upon at least 3 Business Days’ notice to the Agent, to permanently terminate in whole or permanently reduce ratably in part the Unused Commitments, provided that each partial reduction shall be in a minimum amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 15 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

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Reduction of the Commitments. TBC shall have the right, upon at least 3 Business Days' notice to the Agent, to permanently terminate in whole or permanently reduce ratably in part the Unused unused portions of the Commitments, provided that each partial reduction shall be in a minimum amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof, and provided further that the aggregate amount of the Commitments shall not be reduced to an amount which is less than the aggregate principal amount of the Bid Advances then outstanding.

Appears in 1 contract

Samples: Credit Agreement (Boeing Capital Corp)

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