Common use of Reduction or Termination of Swingline Commitment Clause in Contracts

Reduction or Termination of Swingline Commitment. The Borrower shall have the right to terminate or reduce in part the unused portion of the Swingline Commitment at any time and from time to time, provided that: (i) the Borrower shall give notice of each such termination or reduction as provided in Section 5.3; and (ii) each partial reduction shall be in an aggregate amount at least equal to One Hundred Thousand Dollars ($100,000). The Swingline Commitment may not be reinstated after it has been terminated or reduced.

Appears in 4 contracts

Samples: Credit Agreement (Bank One Corp), Credit Agreement (Darling International Inc), Credit Agreement (Darling International Inc)

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Reduction or Termination of Swingline Commitment. The Borrower shall have the right to terminate or reduce in part the unused portion of the Swingline Commitment at any time and from time to time, provided that: (i) the Borrower shall give notice of each such termination or reduction as provided in Section 5.34.3; and (ii) each partial reduction shall be in an aggregate amount at least equal to One Hundred Thousand Five Million Dollars ($100,0005,000,000). The Swingline Commitment may not be reinstated after it has been terminated or reduced.

Appears in 1 contract

Samples: Credit Agreement (Blanch E W Holdings Inc)

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