Common use of Reductions in Aggregate Commitment Clause in Contracts

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders (according to their respective Pro Rata Shares) in integral multiples of $5,000,000, upon at least three Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued facility fees and utilization fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 4 contracts

Samples: Year Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Kansas City Power & Light Co), Day Credit Agreement (Kansas City Power & Light Co)

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Reductions in Aggregate Commitment. The Borrower Borrowers may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in a minimum amount of $5,000,000 (according to their respective Pro Rata Shares) and in integral multiples of $5,000,0001,000,000 if in excess thereof), upon at least three (3) Business Days' prior written notice to the Administrative AgentAgent of such reduction, which notice shall specify the amount of any such reduction; provided provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued facility fees and utilization fees Facility Fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Loans Credit Extensions hereunder.

Appears in 3 contracts

Samples: Assignment Agreement (Acuity Brands Inc), Credit Agreement (L&c Spinco Inc), Assignment Agreement (Acuity Brands Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders (according to their respective Pro Rata Shares) in integral multiples a minimum aggregate amount of $5,000,00010,000,000 or any integral multiple of $5,000,000 thereof, upon at least three Domestic Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposureaggregate principal amount of the outstanding Advances. All accrued facility fees and utilization facilities fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Houghton Mifflin Co), Year Credit Agreement (Houghton Mifflin Co)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders (according to their respective Pro Rata Shares) in a minimum amount of $2,000,000 and in integral multiples of $5,000,0001,000,000 in excess thereof, upon at least three five Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the Aggregate Outstanding Credit ExposureOutstandings. All accrued facility fees and utilization commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 2 contracts

Samples: Assignment Agreement (TBC Corp), Assignment Agreement (TBC Corp)

Reductions in Aggregate Commitment. The Borrower Borrowers may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders (according to their respective Pro Rata Shares) in integral multiples of $5,000,00010,000,000, upon at least three Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , PROVIDED, HOWEVER, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposureaggregate principal amount of the outstanding Advances. All accrued facility fees and utilization commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 2 contracts

Samples: Day Credit Agreement (Nationwide Financial Services Inc/), Credit Agreement (Nationwide Financial Services Inc/)

Reductions in Aggregate Commitment. The Borrower may ---------------------------------- permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders (according to their respective Pro Rata Shares) in integral multiples of $5,000,000l0,000,000, upon at least three (3) Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposureaggregate principal amount of the outstanding Advances. All accrued facility fees and utilization fees Facility Fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mead Corp)

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Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part part, ratably among the Lenders (according to their respective Pro Rata Shares) in integral multiples of $5,000,00010,000,000, upon at least three (3) Business Days' ’ prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued facility fees interest and utilization fees Facility Fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Wendy's/Arby's Group, Inc.)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders (according to their respective Pro Rata Shares) in integral multiples of $5,000,000250,000, upon at least three ten Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposureaggregate principal amount of the outstanding Advances. All accrued facility fees and utilization commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Assignment Agreement (Administaff Inc \De\)

Reductions in Aggregate Commitment. The Borrower Borrowers may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders (according to their respective Pro Rata Shares) in integral multiples of $5,000,00010,000,000, upon at least three Business Days' prior ’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided , provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposureaggregate principal amount of the outstanding Advances. All accrued facility fees and utilization commitment fees shall be Table of Contents payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Year Credit Agreement (Nationwide Financial Services Inc/)

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