Reduction or Termination of the Commitments. The Company may from ------------------------------------------- time to time on at least five Business Days' prior written notice received by the Agent (which shall promptly advise each Bank thereof) permanently reduce the Commitment Amount to an amount not less than the sum of the aggregate unpaid principal amount of the Loans and the aggregate Stated Amount of all Letters of Credit. Any such reduction shall be in an amount not less than $5,000,000 or a higher integral multiple of $1,000,000. The Company may at any time on like notice terminate the Commitments upon payment in full of all Loans and all other obligations of the Company hereunder and cash collateralization in full, pursuant to documentation in form and substance reasonably satisfactory to the Banks, of all obligations arising with respect to the Letters of Credit. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
Reduction or Termination of the Commitments. The Company may from time to time prior to the Termination Date on at least three Business Days' prior written notice given by an Authorized Person to any Bank permanently reduce the amount of such Bank's Commitment to an amount not less than the aggregate unpaid principal amount of the Loans made by such Bank then outstanding. Any such reduction shall be in an aggregate amount of not less than 1,000,000 U.S. Dollars, or such lesser amount of such Bank's Unused Amount then remaining.
Reduction or Termination of the Commitments. The Company may from time to time on at least five Business Days' prior written notice received by the Agent (which shall promptly advise each Bank thereof) permanently reduce the Commitment Amount to an amount not less than the Total Outstandings. Any such reduction shall be in an amount not less than $5,000,000 or a higher integral multiple of $1,000,000. The Company may at any time on like notice terminate the Commitments upon payment in full of all Loans and all other obligations of the Company hereunder and cash collateralization in full, pursuant to documentation in form and substance reasonably satisfactory to the Banks, of all obligations arising with respect to the Letters of Credit. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
Reduction or Termination of the Commitments. The Borrower may at any time or from time to time reduce or terminate the Commitment of each Bank by giving not less than three (3) full Business Days' prior written notice to such effect to the Agent; provided, that any partial reduction shall be in an amount of not less than $5,000,000 or an integral multiple of $5,000,000 in excess thereof. Promptly after the Agent's receipt of such notice of reduction, the Agent shall notify each Bank of the proposed reduction and such reduction shall be effective on the date specified in Borrower's notice with respect to such reduction and shall reduce the Commitment of each Bank proportionately in accordance with its Pro Rata Percentage. After each such reduction, the commitment fee shall be calculated upon the aggregate Commitments as so reduced. The Commitment of each Bank shall automatically terminate on the Maturity Date or in the event of acceleration of the maturity date of the Notes. Each reduction of the Commitments hereunder shall be irrevocable.
Reduction or Termination of the Commitments. (a) ------------------------------------------- Optional. The Borrower shall have the right, upon at least three Business Days' -------- notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided -------- that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that the -------- ------- aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Reduction or Termination of the Commitments. (a) The Borrower may, upon at least four Business Days' notice to the Administrative Agent (which notice shall once given be irrevocable), permanently terminate in whole or reduce in part the unused portions of the Total Commitments.
(b) Each partial reduction referred to in clause (a) shall be in a minimum amount of $5,000,000 and an integral multiple of $1,000,000 in excess thereof (or, if less, the Total Commitments) and shall be made ratably among the Lenders in accordance with their respective Commitment Percentages.
(c) The Total Commitments shall be automatically and permanently reduced as of any date on which Advances are prepaid pursuant to Section 5.2 and 5.3, by the aggregate principal amount of the Advances so prepaid.
(d) On the Termination Date the then-remaining undrawn Commitments of the Lenders shall be automatically terminated.
Reduction or Termination of the Commitments. (a) The Borrower may, upon at least three Business Days' notice to the Administrative Agent, permanently terminate in whole or reduce in part the unused portions of any Commitments with respect to Facility A or Facility B and any tranche of either such facility of Loans; provided that, each such partial reduction:
(i) shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (or, if less, the aggregate remaining unused amounts of all Applicable Lenders' Commitments in respect of such facility and tranche within such facility), and
(ii) shall be made ratably among the Applicable Lenders in accordance with their respective Commitments in respect of such facility and tranche within such facility.
(b) The Facility A Maximum Commitments or the Facility B Maximum Commitments, as applicable, shall be automatically and permanently reduced as of any date on which Advances are prepaid pursuant to Section 3.02 (except to the extent in Section 3.02(d)(iii) and Section 3.02(d)(iv)) or Section 3.03, by the aggregate principal amount of the Advances so prepaid. Each such reduction shall be made ratably among the Lenders in accordance with their respective Commitments.
Reduction or Termination of the Commitments. (a) The Company may, upon not less than three Business Days' prior written notice to the Administrative Agent, (i) terminate the Commitments upon payment in full by the Borrowers of all outstanding obligations hereunder or (ii) permanently reduce the amount of the Commitments, by an amount equal to US$10,000,000 or a higher integral multiple of US$1,000,000, to an amount which is not less than the Total Outstandings.
(b) Once reduced pursuant to this Section, no Commitment may be increased (except pursuant to Section 2.07). Any reduction of the Commitments shall be applied to reduce the Commitments of the Committed Lenders pro rata in accordance with their respective Pro Rata Shares.
Reduction or Termination of the Commitments. The Company may from time to time on at least five Business Days' prior written notice received by the Agent (which shall promptly advise each Lender thereof) permanently reduce the amount of the Commitments to an amount not less than the aggregate unpaid principal amount of the Loans. Any such reduction shall be in an amount that is an integral multiple of $10,000,000 and shall be pro rata among the Lenders according to their respective Percentages. The Company may at any time on like notice terminate the Commitments upon payment in full of all Loans and all other obligations of the Company hereunder. Once reduced in accordance with this Section, the Commitments may not be increased.
Reduction or Termination of the Commitments. (a) Unless previously terminated, the Commitments shall terminate on the Termination Date.
(b) The Borrower shall have the right, upon at least three Business Days' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the respective Commitments of the Banks; provided, however, that (i) each partial reduction shall be in the aggregate amount of $10,000,000 or in an integral multiple of $5,000,000 in excess thereof, and (ii) no such termination or reduction shall be made which would reduce the Commitments to an amount less than the aggregate outstanding principal amount of the Advances. The Administrative Agent shall promptly thereafter notify each Bank of such termination or reduction.
(c) In the event and on each occasion prior to the Termination Date that any Net Proceeds are received by or on behalf of the Borrower or any Subsidiary in respect of any Prepayment Event, the Commitments shall be reduced ratably and Advances shall be prepaid in an aggregate amount equal to 75% of the Net Proceeds so received (the "Prepayment Amount"). The Borrower shall notify the Administrative Agent of any Net Proceeds received in respect of any Prepayment Event immediately after such Net Proceeds are received. The Administrative Agent shall promptly thereafter notify each Bank of the reduction in Commitments resulting therefrom. Notwithstanding the foregoing, the Borrower shall not be required to prepay Eurodollar Rate Advances to the extent that such prepayment would result in the incurrence of breakage cost; provided, however, that the Borrower shall (i) prepay such Eurodollar Advances at the end of their respective interest periods and (ii) invest all funds not used to prepay Eurodollar Rate Advances in order to avoid breakage cost as provided for in this sentence in investments mutually agreed upon by the Borrower and the Administrative Agent.
