Reductions of Commitment Sample Clauses

Reductions of Commitment. The Total Commitment with respect to the Revolving Credit may be voluntarily reduced, at the Borrowers' option, in minimum increments of $1,000,000.00, with any payment of interest, subject to the payment of the Line (Unused) Fee described below.
AutoNDA by SimpleDocs
Reductions of Commitment. Each reduction of the Commitments under Section 2.9. shall be in an aggregate minimum amount of $100,000 and integral multiples of $50,000 in excess thereof.
Reductions of Commitment. 9 2.01 Mandatory Reduction of Commitments...............................9
Reductions of Commitment. 9 1.8 INTEREST..................................................... 9 1.9 FEES......................................................... 10 1.10
Reductions of Commitment. (a) [Reserved].
Reductions of Commitment. If any reduction in the [Facility A Commitments] [Facility B Commitments] occurs between the date of this Assignment Agreement and the Effective Date, the percentage of the [Facility A Commitments] [Facility B Commitments] assigned to the Assignee shall remain the percentage specified in Section 1 hereof and the dollar amount of the [Facility A Commitment] [Facility B Commitment] of the Assignee shall be recalculated based on the reduced [Facility A Commitments] [Facility B Commitments]. 9.
Reductions of Commitment. 6 1.7 INTEREST................................................. 6 1.8 FEES..................................................... 7 1.9 COMPUTATION OF INTEREST AND FEES......................... 7 1.10 PROMISSORY NOTES; RECORDS OF ACCOUNT...................... 7 1.11
AutoNDA by SimpleDocs
Reductions of Commitment. If any reduction in the Commitment occurs between the date of this Assignment Agreement and the Effective Date, the percentage interest specified in Item 3 of Schedule 1 shall remain the same, but the dollar amount purchased shall be recalculated based on the reduced Commitment of the Assignor.
Reductions of Commitment. If any reduction in the Aggregate Revolving Credit Commitment occurs between the date of this Assignment Agreement and the Effective Date, the percentage interest specified in Item 3 of Schedule 1 shall remain the same, but the dollar amount purchased shall be recalculated based on the reduced Aggregate Revolving Credit Commitment.
Reductions of Commitment. (a) Upon at least five Business Days’ notice, the Borrower shall have the right to permanently terminate or reduce the aggregate unused amount of the Commitment at any time and from time to time; provided that (i) each partial reduction shall be in an aggregate amount at least equal to $10,000,000 and in integral multiples of $1,000,000 above such amount and (ii) no reduction shall be made which would reduce the Commitment to an amount less than the then outstanding Loans. Any reduction in (or termination of) the Commitment shall be permanent and may not be reinstated.
Time is Money Join Law Insider Premium to draft better contracts faster.