Common use of Revolver Commitments Clause in Contracts

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, to an amount not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Appears in 3 contracts

Samples: Credit Agreement (EGAIN Corp), Credit Agreement (EGAIN Corp), Credit Agreement (EGAIN Corp)

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Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, Commitments to an amount (which shall not be less than $10,000,000) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 5,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,0005,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Appears in 3 contracts

Samples: Credit Agreement (PointClickCare Corp.), Credit Agreement (PointClickCare Corp.), Credit Agreement (PointClickCare Corp.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, Commitments to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than of $500,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,0005,000,000), shall be made by providing not less than 10 5 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Appears in 3 contracts

Samples: Credit Agreement (Landrys Restaurants Inc), Credit Agreement (Landrys Restaurants Inc), Credit Agreement (Landrys Restaurants Inc)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, Commitments to an amount not less than the greater of (x) $5,000,000 and (y) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is not less than an integral multiple of $500,000 (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,000)5,000,000, shall be made by providing not less than 10 5 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Appears in 3 contracts

Samples: Credit Agreement (Omniture, Inc.), Credit Agreement (Omniture, Inc.), Credit Agreement (Omniture, Inc.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 10,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,0005,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Brooks Automation Inc)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (xA) $5,000,000 and 20,000,000 or (yB) sum of (Ax) the Revolver Usage as of such date, plus (By) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (Cz) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,000)5,000,000, shall be made by providing not less than 10 5 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Appears in 2 contracts

Samples: Credit Agreement (Jack Cooper Holdings Corp.), Credit Agreement (Jack Cooper Holdings Corp.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 10,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,00010,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments Commitment of each Lender proportionately in accordance with its ratable share thereof.

Appears in 2 contracts

Samples: Credit Agreement (Titan Machinery Inc.), Credit Agreement (Titan Machinery Inc.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 10,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,00010,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments Commitment of each Lender proportionately in accordance with its ratable share thereof.. (ii)

Appears in 1 contract

Samples: Credit Agreement (Titan Machinery Inc.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver 126471205_8 Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 10,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,00010,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments Commitment of each Lender proportionately in accordance with its ratable share thereof.

Appears in 1 contract

Samples: Credit Agreement (Titan Machinery Inc.)

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Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments, Commitments to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower to Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than an integral multiple of $500,000 100,000 (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,000100,000), shall be made by providing not less than 10 3 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Appears in 1 contract

Samples: Credit Agreement (USA Mobility, Inc)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments, Commitments to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Administrative Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Administrative Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than an integral multiple of $500,000 1,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,0001,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Angiotech Pharmaceuticals Inc)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 5,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,0005,000,000), shall be made by providing not less than 10 5 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Appears in 1 contract

Samples: Credit Agreement (American Pacific Corp)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Subject to the payment of any fees required to be paid pursuant to the Fee Letter, ATI-2336232v16 8 Borrowers may reduce the Revolver Commitments, Commitments to an amount (which may be zero) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Administrative Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a2.2(a). Each such reduction shall be in an amount which is not less than $500,000 and integral multiples of $100,000 in excess thereof (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,000500,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Securus Technologies, Inc.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, Commitments to an amount (which may not be less than $5,000,000) not less than the greater of (x) $5,000,000 and (y) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 1,000,000 (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are is less than $5,500,0006,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Magma Design Automation Inc)

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