Reduction or Termination of the Commitment. The Borrower may at any time or from time to time reduce or terminate the Commitment by giving written notice thereof no later than 2:00 p.m. (Houston time) not less than two (2) Business Days' prior to such reduction or termination. Any reduction in the Commitment shall be effective on the date specified in the Borrower's notice with respect to such reduction. The Commitment shall automatically terminate on the Maturity Date or in the event of acceleration of the Maturity Date of the Note. Each reduction of the Commitment hereunder shall be irrevocable.
Reduction or Termination of the Commitment. (a) The Borrowers may not reduce or terminate the Commitments.
Reduction or Termination of the Commitment. (a) The Borrower shall have the right at any time and from time to time, to permanently reduce in part, or to terminate in whole, without penalty or premium, the Commitment upon not less than one Business Day prior notice (by telex, telegram or telecopier) received by GE Capital, designating the date (which shall be a Business Day) of such reduction or termination and the amount of any partial reduction. Such partial reduction or termination of the Commitment shall be effective on the date specified in the Borrower's aforesaid notice.
Reduction or Termination of the Commitment. Upon not less than three Business Days' notice to the Agent at any time, and from time to time, Borrower may, at any time permanently reduce the amount of the Commitment in increments of One Million Dollars ($1,000,000) or integral multiples thereof; provided, however, that the Commitment may not be reduced to an amount less than the amount of the then outstanding Loans. Except as expressly provided in this Section 2.7, the Commitment may not be adjusted by Borrower.
Reduction or Termination of the Commitment. Borrower may from time to time, on at least three Banking Business Days' prior written notice received by Lender, permanently reduce the amount of the Commitment to an amount not less than the aggregate unpaid principal amount of the Loans. Any such reduction shall be in an amount not less than $1,000,000.00. Borrower may at any time on like notice terminate the Commitment upon payment in full of all Loans and all other obligations of Borrower hereunder.
Reduction or Termination of the Commitment. Extension of the Expiry Date. (a)
Reduction or Termination of the Commitment. Lender may, upon prior notice to Borrower, terminate in whole or reduce in part, as of the date specified by Lender in such notice, any then unused portion of the Commitment.
Reduction or Termination of the Commitment. Borrower may at any time or from time to time reduce or terminate the Revolving Commitment or the Letter of Credit Commitment by giving not less than three (3) full Business Days’ prior written notice to such effect to Lender; provided, that any partial reduction shall be in an amount of not less than $500,000 or an integral multiple of $100,000 in excess thereof; and provided further, however, that no partial reduction shall reduce the aggregate amount of the Revolving Commitment or the Letter of Credit Commitment to an amount greater than zero and less than $1,000,000. Promptly after Lender’s receipt of such notice of reduction, such reduction shall be effective on the date specified in the notice from Borrower with respect to such reduction. The Revolving Commitment shall automatically terminate on the earlier of the Maturity Date or upon the acceleration of the maturity date of the Note. The Letter of Credit Commitment shall automatically terminate on the earlier of the Letter of Credit Expiration Date or upon the acceleration of the maturity date of the Note. Each reduction of the Revolving Commitment or the Letter of Credit Commitment hereunder shall be irrevocable.
Reduction or Termination of the Commitment. Borrower may, upon ------------------------------------------ prior notice to Lender, terminate in whole or reduce in part, as of the date specified by Borrower in such notice, any then unused portion of the Commitment. From the effective date of any reduction or termination, any commitment fee payable pursuant to the Schedule shall be computed on the basis of the Commitment as so reduced or terminated. Once reduced or terminated, the Commitment may not be increased or otherwise reinstated.
Reduction or Termination of the Commitment. (a) The Company may from time to time on at least three Business Days' prior written notice received by the Bank permanently reduce the amount of the Commitment to an amount not less than the aggregate unpaid principal amount of the Loans then outstanding. Any such reduction shall be in an aggregate amount of at least $25,000. The Company may at any time on like notice terminate the Commitment upon payment in full of the Loans and all other obligations of the Company hereunder.
