Common use of Reduction of the Revolving Credit Committed Amounts Clause in Contracts

Reduction of the Revolving Credit Committed Amounts. Xxxxxxx-Xxxxxx may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent Amount of the unpaid principal amount of the Revolving Credit Loans then outstanding plus the principal amount of all Revolving Credit Loans not yet made as to which notice has been given by any Borrower under Section 2.03 hereof. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is a minimum amount of $5,000,000 and integral multiples of $500,000 thereof. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than 30 days' notice (which notice shall be irrevocable) to such effect to the Agent. After the date specified in such notice the Facility Fee shall be calculated based upon the Revolving Credit Committed Amounts as so reduced. Upon reduction of the Revolving Credit Committed Amounts to zero, payment in full of all Obligations, this Agreement shall be terminated.

Appears in 1 contract

Samples: Short Term Credit Agreement (Curtiss Wright Corp)

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Reduction of the Revolving Credit Committed Amounts. Xxxxxxx-Xxxxxx The Borrower may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent Amount of the unpaid principal amount sum of the Revolving Credit Loans then outstanding Exposures of the Lenders plus the principal amount of all Revolving Credit Loans Exposures of the Lender not yet made outstanding as to which notice has been given by any the Borrower under Section Sections 2.03 hereofand 3.01. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is a minimum amount of $5,000,000 and an integral multiples multiple of $500,000 thereofnot less than $500,000. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than 30 daysthree Business Days' notice (which notice shall be irrevocable) to such effect to the Agent. After the date specified in such notice the Facility Revolving Credit Commitment Fee shall be calculated based upon the Revolving Credit Committed Amounts as so reduced. Upon reduction of the Revolving Credit Committed Amounts to zero, payment in full of all Obligations, this Agreement shall be terminated.

Appears in 1 contract

Samples: Credit Agreement (Aasche Transportation Services Inc)

Reduction of the Revolving Credit Committed Amounts. Xxxxxxx-Xxxxxx may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent Amount sum of the unpaid principal amount of the Revolving Credit Loans then outstanding plus the principal amount of all Revolving Credit Loans not yet made as to which notice has been given by any a Borrower under Section 2.03 hereof. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is a minimum amount of $5,000,000 and integral multiples of $500,000 thereof. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than 30 days' notice (which notice shall be irrevocable) to such effect to the Agent. After the date specified in such notice the Facility Fee shall be calculated based upon the Revolving Credit Committed Amounts as so reduced. Upon reduction of the Revolving Credit Committed Amounts to zero, payment in full of all Obligations, this Agreement shall be terminated.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Curtiss Wright Corp)

Reduction of the Revolving Credit Committed Amounts. Xxxxxxx-Xxxxxx The Borrower may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Revolving Credit Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent Amount sum of the unpaid principal amount of the Revolving Credit Loans then outstanding plus the principal amount of all Revolving Credit Loans not yet made as to which notice has been given by any the Borrower under Section 2.03 hereof2.05 hereof plus the Letter of Credit Exposure at such time. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is a minimum amount an integral multiple of $5,000,000 and integral multiples of $500,000 thereof1,000,000. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than 30 daysthree Business Days' notice (which notice shall be irrevocable) to such effect to the Agent. After the date specified in such notice the Facility Revolving Credit Commitment Fee shall be calculated based upon the Revolving Credit Committed Amounts as so reduced. Upon reduction of the Revolving Credit Committed Amounts to zero, payment in full of all Obligations, this Agreement shall be terminated.

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

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Reduction of the Revolving Credit Committed Amounts. Xxxxxxx-Xxxxxx The Borrower may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent Amount of the unpaid principal amount sum of the Revolving Credit Loans then outstanding Exposures of the Lenders plus the principal amount of all Revolving Credit Loans Exposures of the Lenders not yet made as to which notice has been given by any the Borrower under Section 2.03 2.3 or 3.2 hereof. Any voluntary reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is a minimum amount an integral multiple of $5,000,000 and or a higher integral multiples multiple of $500,000 thereof1,000,000. Reduction Voluntary reductions of the Revolving Credit Committed Amounts shall be made by providing not less than 30 daysthree Business Days' notice (which notice shall be irrevocable) to such effect to the Administrative Agent. After the date specified in such notice the Facility Revolving Credit Commitment Fee shall be calculated based upon the Revolving Credit Committed Amounts as so reduced. Upon reduction of the Revolving Credit Committed Amounts to zero, payment in full of all Obligations, this Agreement shall be terminated.

Appears in 1 contract

Samples: Revolving Credit Agreement (Weis Markets Inc)

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