Reductions and Cancellations. Borrower may, from time to time upon three Banking Days’ written notice to Administrative Agent (who shall promptly deliver such notice to the Lenders), permanently reduce, by an amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or cancel in its entirety, the unused portion of the Total Commitment. Notwithstanding anything in this Section 2.3.2 to the contrary, Borrower may not reduce or cancel any portion of the Total Commitment if, after giving effect to such reduction or cancellation, (a) the aggregate Revolving Credit Exposure of all Lenders then outstanding would exceed the Total Commitment or (b) such reduction or cancellation would cause a violation of any provision of this Agreement or the other Credit Facility Documents. Borrower shall pay to Administrative Agent any Facility Fee then due on such cancelled amount upon any such reduction or cancellation. From the effective date of any such reduction, the Facility Fee shall be computed on the basis of the Total Commitment (whether used or unused) as so reduced. Once reduced or cancelled, the Total Commitment may not be increased or reinstated, provided that the reduction of the Total Commitment shall not preclude a subsequent increase thereof in accordance with Section 2.3.3. Any reductions pursuant to this Section 2.3.2 shall be applied ratably among the Lenders in accordance with their respective Commitments.
Reductions and Cancellations. Borrower may, from time to time upon three Banking Days' written notice to Administrative Agent (who shall promptly deliver such notice to the Lenders), permanently reduce, by an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof or cancel in its entirety, the Total Commitment applicable to either Facility. Any reduction of the Total 3-Year Facility Commitment shall not affect the Total Letter of Credit Commitment until and unless the sum of the Total 3-Year Facility Commitment plus the Aggregate LC Stated Amount and all Reimbursement Obligations then outstanding is reduced below $250,000,000, at which time the Total Letter of Credit Commitment shall be reduced, dollar for dollar, with any reduction to the Total 3-Year Facility Commitment. Notwithstanding anything in this Section 2.3.3 to the contrary, Borrower may not reduce or cancel any portion of the Total Commitment under either Facility if, after giving effect to such reduction or cancellation, (a) the aggregate principal amount of all Loans then outstanding under such Facility would exceed the Total Commitment applicable to such Facility, (b) the Aggregate LC Stated Amount plus all Reimbursement Obligations would exceed the Total Letter of Credit Commitment, or (c) such reduction or cancellation would cause a violation of any provision of this Agreement or the other Credit Facility Documents. Borrower shall pay to Administrative Agent any Facility Fees or Letter of Credit Fees then due on such cancelled amount upon any such reduction or cancellation. From the effective date of any such reduction, the Facility Fees and Letter of Credit Fees applicable to the affected Facility shall be computed on the basis of the Total Commitment of such Facility as so reduced. Once reduced or cancelled, the Total Commitment of the affected Facility may not be increased or reinstated except as provided in
Reductions and Cancellations. Borrower may, from time to time upon three Banking Days’ written notice to Administrative Agent (who shall promptly deliver such notice to the Lenders), permanently reduce, by an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof or cancel in its entirety, the Total Commitment. Notwithstanding anything in this Section 2.2.2 to the contrary, Borrower may not reduce or cancel any portion of the Total Commitment if, after giving effect to such reduction or cancellation, (a) the aggregate principal amount of all Loans then outstanding would exceed the Total Commitment or (b) such reduction or cancellation would cause a violation of any provision of this Agreement or the other Credit Facility Documents. Borrower shall pay to Administrative Agent any Facility Fees then due on such cancelled amount upon any such reduction or cancellation. From the effective date of any such reduction, the Facility Fees shall be computed on the basis of the Total Commitment as so reduced. Once reduced or cancelled, the Total Commitment may not be increased or reinstated. Any reductions pursuant to this Section 2.2.2 shall be applied ratably to each Lender’s respective Commitments in accordance with Section 2.5.1.
Reductions and Cancellations. HTI may reduce the quantity or cancel in its entirety any pending Order. HNS will provide HTI a cost breakdown of parts by category by lead times in weeks within four (4) weeks or such other time as is reasonable under the circumstances after execution of this Agreement. After HNS has exercised its reasonable efforts to reduce the cost of parts, the cost of the remaining parts shall be divided as outlined below. Weeks *** *** Weeks *** *** Weeks *** ***
Reductions and Cancellations. Borrower may, from time to time upon [***] Business Days’ notice to Administrative Agent permanently reduce by a minimum amount of $[***] or an integral multiples of $[***] in excess thereof, or cancel in their entirety, the Loan Commitments, subject to the provisions of this Section 2.2.2. Borrower may not reduce or cancel the Loan Commitments if, after giving effect to such reduction or cancellation, (a) the aggregate principal amount of all Loans then outstanding would exceed the aggregate amount of all Loan Commitments following the proposed reduction or (b) the Available Funds after any required Mandatory Prepayment (and any Make Whole Amount related thereto), would not, in the reasonable judgment of Administrative Agent and the Independent Engineer, equal or exceed the sum of the remaining Project Costs (including budgeted contingency (or the appropriate part thereof).
Reductions and Cancellations. 1. If a portion of a Policy is terminated, the REINSURER shall return to the REINSURED any reinsurance Premiums on that Policy in the amount that the Reinsurance Share bears to the amount of the reduction.
2. If a Policy is cancelled in accordance with a thirty day cancellation provision, the REINSURED shall refund the entire Policy Issuance Allowance to the REINSURER, and the REINSURER shall refund the entire Reinsurance Share of the Premiums to REINSURED each as they relate to the cancelled Policy
3. Payments made pursuant to a reduction or cancellation shall include interest and be paid pursuant to Section E.
Reductions and Cancellations. Borrower may, upon three (3) Banking Days’ written notice to Administrative Agent, permanently reduce, by the amount of Five Hundred Thousand Dollars ($500,000) or an integral multiple of One Hundred Thousand Dollars ($100,000) in excess thereof or such other amount agreed to by Administrative Agent or cancel in its entirety, the Total Construction Loan Commitment; provided, however, that (i) Borrower may not reduce or cancel the Total Construction Loan Commitment if, after giving effect to such reduction or cancellation, (A) the aggregate principal amount of all Construction Loans, as the case may be, then outstanding would exceed the Total Construction Loan Commitment, as the case may be, or (B) the Available Construction Funds could not reasonably be expected to be sufficient to achieve Final Completion and (ii) Borrower shall pay to Administrative Agent all Commitment Fees then due upon any reduction or cancellation. From the effective date of any such reduction or cancellation, the Commitment Fees shall be computed on the basis of the Total Construction Loan Commitment as so reduced. Once reduced or canceled, the Total Construction Loan Commitment may not be increased or reinstated. Any reductions pursuant to this Section 2.5(c) shall be applied ratably to each Lender’s respective Commitments in accordance with Section 2.7(f).
Reductions and Cancellations. The Borrower may at any time and from time to time by providing notice to the Administrative Agent not less than the Minimum Notice Period permanently reduce (without premium or penalty) the Total Term Loan Commitment by a minimum amount of $1,000,000 or an integral multiple of $500,000 in excess thereof (or, if less, the remaining Total Term Loan Commitment) or cancel (without premium or penalty) in its entirety the Total Term Loan Commitment, subject to the provisions of Section 2.5.3
Reductions and Cancellations. 12 2.3.5 Turbine Purchase Loan Conversion to Construction Loans.....
Reductions and Cancellations. 11 2.2.4 Working Capital Loan Conversion to Development Loans..................................11 2.3 Fees...........................................................................................11 2.3.1 Lead Arranger Fee Letter..............................................................12 2.3.2
