REDUCTION OF THE PURCHASE LIMIT. The Issuer may, upon at least 30 days' written notice to the Deal Agents, with a copy to the Indenture Trustee and the SBA, terminate in whole or reduce in part the unused Purchase Limit; provided, however, that each partial reduction of the Purchase Limit shall be in amounts equal to $1,000,000 or an integral multiple thereof. Each notice of reduction or termination pursuant to this Section 2.3 shall be irrevocable.
Appears in 2 contracts
Samples: Note Purchase Agreement (First International Bancorp Inc), Note Purchase Agreement (First International Bancorp Inc)
REDUCTION OF THE PURCHASE LIMIT. The Issuer may, upon at least 30 days' written notice to the Deal Agents, with a copy to the Indenture Trustee and the SBATrustee, terminate in whole or reduce in part the unused Purchase Limit; provided, however, that each partial reduction -------- ------- of the Purchase Limit shall be in amounts equal to $1,000,000 or an integral multiple thereof. Each notice of reduction or termination pursuant to this Section 2.3 shall be irrevocableirrevocable unless waived by the Deal Agents.
Appears in 2 contracts
Samples: Note Purchase Agreement (MCG Capital Corp), Note Purchase Agreement (MCG Capital Corp)
