Common use of Reductions of Commitment Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Dynamics Research Corp), Loan Agreement (Dynamics Research Corp)

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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.

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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 monthly payment of interest, subject to the payment of the Line (Unused) Fee described below.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynamics Research Corp)

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 monthly payment of interest, subject to the payment of the Line (Unused) Fee and Early Termination Fee described below. The Commitment shall automatically be reduced from proceeds of certain transactions, as provided in Section 3-8 below.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynagen Inc)

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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.

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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