Reduction of Total Commitments. On each Reduction Date the Total Commitments shall be automatically reduced by an amount equal to five per cent. of the amount of the Total Commitments as at the beginning of the Reduction Period. The Commitment of each Bank shall be reduced proportionately. The Borrowers shall prepay or repay Advances in accordance with the terms of this Agreement on each Reduction Date so that the aggregate of the Loan does not exceed the aggregate of the Total Commitments as reduced on such Reduction Date.
Reduction of Total Commitments. (a) on the first eight Reduction Dates during the Reduction Period the Total Commitments shall be automatically reduced by an amount equal to five per cent. of the amount of the Total Commitments as at the beginning of the Reduction Period; and
Reduction of Total Commitments. The Total Commitments shall be reduced and cancelled by an amount of $75,000,000 on each Scheduled Commitment Reduction Date, and shall be reduced to zero and cancelled on the Termination Date.
Reduction of Total Commitments. Borrower may, upon not less than ten (10) days prior written notice to the affected Bank, reduce such Bank's Total Commitment in integral multiples of $100,000.00; provided, such reduction shall be accompanied by a prepayment of Loans made hereunder by such Bank, together with accrued interest on the amount so prepaid to the date of such prepayment, to the extent, if any, that the amount of Loans by such Bank then outstanding exceed the amount of such Bank's Total Commitment as then reduced. Once reduced pursuant to this provision, neither Bank's Total Commitment may thereafter be increased by Borrower.
Reduction of Total Commitments. The Borrowers hereby acknowledge that:
Reduction of Total Commitments. The Tranche A and Tranche B Commitments are hereby reduced to the amounts that are equal to the aggregate Tranche A Extensions of Credit and aggregate Tranche B Extensions of Credit as of the date hereof, respectively.
Reduction of Total Commitments. 2.4. The Revolving Credit Notes. 2.5.
Reduction of Total Commitments. The Borrower shall have the right at any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $1,000,000 or an integral multiple thereof or terminate entirely the Total Facility A Commitment and/or the Total Facility B Commitment, whereupon the applicable Commitments of the Banks shall be reduced pro rata in accordance with their respective Facility A Commitment Percentages or, as the case may be, their respective Facility B Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of any of the Commitments may be reinstated. 2.4.
Reduction of Total Commitments. The Borrower desires to reduce the Total Commitments by $350,000,000 as of the Amendment Effective Date (as defined below) upon effectiveness of this Amendment so that, after giving effect to such reduction, the Total Commitments shall equal $600,000,000 (the “Commitment Reduction”). The parties hereto hereby acknowledge and agree that the Commitment Reduction shall be effective as of the Amendment Effective Date, and each Bank and the Administrative Agent hereby waives the requirements contained in Section 4.5(b) of the Credit Agreement that the Borrower provide advance written notice to the Administrative Agent of the Commitment Reduction.
Reduction of Total Commitments. No Loan may be drawn under the Facility which would , when taken together with the other Loans outstanding on its proposed Drawdown Date and which have Interest Periods extending beyond that date for reduction of the Total Commitments, render the aggregate amounts of Loans outstanding in excess of the Total Commitments (as reduced) on that date for reduction.
