Revolving Credit Commitment. Borrowers may, upon revocable notice which may be conditioned to Administrative Agent from Borrower Agent, from time to time permanently reduce the Aggregate Revolving Credit Commitments; provided that (i) any such notice shall be received by Administrative Agent not later than 2:00 p.m. three Business Days prior to the date of reduction, (ii) any such reduction shall be in an aggregate amount of $500,000 or any whole multiple of $100,000 in excess thereof, (iii) Borrowers shall not reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit Commitments, and (iv) if, after giving effect to any reduction, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such Sublimit shall be automatically reduced by the amount of such excess. Administrative Agent will promptly notify the Lenders of any such notice of reduction of the Aggregate Revolving Credit Commitments. Any reduction of the Aggregate Revolving Credit Commitments shall be applied to the Revolving Credit Commitment of each Revolving Lender according to its Applicable Percentage.
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Samples: Credit Agreement (e.l.f. Beauty, Inc.), Credit Agreement (e.l.f. Beauty, Inc.), Credit Agreement (e.l.f. Beauty, Inc.)
Revolving Credit Commitment. The Borrowers may, upon revocable notice which may be conditioned to Administrative Agent from the Borrower Agent, terminate the aggregate Revolving Credit Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit, or from time to time permanently reduce the Aggregate aggregate Revolving Credit Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit; provided that (i) any such notice shall be received by Administrative Agent not later than 2:00 p.m. three 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $500,000 1,000,000 or any whole multiple of $100,000 500,000 in excess thereof, (iii) the Borrowers shall not terminate or reduce (A) the Aggregate aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate aggregate Revolving Credit Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit or (C) the Swing Line Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the Swing Line Sublimit, and (iv) if, after giving effect to any reduction, reduction or termination of the aggregate Revolving Credit Commitments or the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate aggregate Revolving Credit Commitments, Commitments such Sublimit shall be automatically reduced by the amount of such excess. Administrative Agent will promptly notify the Lenders of any such notice of reduction of the Aggregate Revolving Credit Commitments. Any reduction of the Aggregate Revolving Credit Commitments shall be applied to the Revolving Credit Commitment of each Revolving Lender according to its Applicable Percentage.
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Samples: Credit and Security Agreement (Katy Industries Inc)
Revolving Credit Commitment. The Borrowers may, upon revocable notice which may be conditioned to Administrative Agent from Borrower Agent, at any time and from time to time permanently reduce in whole or ratably in part the Aggregate Maximum Revolving Amount to an amount not less than the then existing Revolving Credit Commitments; provided that (i) any such notice shall be received Exposure, by giving the Administrative Agent not later fewer than 2:00 p.m. three Business Days prior to the date Days’ written notice of such reduction, (ii) provided that any such partial reduction shall be in an aggregate amount amount, for all of the Lenders, of not less than One Million Dollars ($500,000 or any whole multiple 1,000,000), increased in increments of Two Hundred Fifty Thousand Dollars ($100,000 in excess 250,000). The Administrative Agent shall promptly notify each Revolving Lender of the date of each such reduction and such Revolving Lender’s proportionate share thereof, (iii) Borrowers shall not reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit Commitments, and (iv) if, after giving effect to any . After each such partial reduction, the commitment fees payable hereunder shall be calculated upon the Maximum Revolving Amount as so reduced. If the Borrowers reduce in whole the Revolving Credit Commitment, on the effective date of such reduction (the Borrowers having prepaid in full the unpaid principal balance, if any, of the Revolving Loans, together with all interest (if any) and commitment and other fees accrued and unpaid with respect thereto, and provided that no Letter of Credit Sublimit Exposure or the Swing Line Sublimit exceeds the amount Exposure shall exist), all of the Aggregate Revolving Credit Commitments, such Sublimit Notes shall be automatically reduced by delivered to the amount of such excess. Administrative Agent will promptly notify marked “Canceled” and the Lenders of any Administrative Agent shall redeliver such notice of Revolving Credit Notes to the Administrative Borrower. Any partial reduction in the Maximum Revolving Amount shall be effective during the remainder of the Aggregate Revolving Credit Commitments. Any reduction of the Aggregate Revolving Credit Commitments shall be applied Commitment Period applicable to the Revolving Credit Commitment. Upon each decrease of the Maximum Revolving Amount, the Total Commitment of each Revolving Lender according to its Applicable Percentage.Amount shall be decreased by the same amount. (ii)
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Revolving Credit Commitment. Borrowers The Borrower may, upon revocable notice which may be conditioned to the Administrative Agent from Borrower Agent, from time to time terminate the Aggregate Revolving Credit Commitment or permanently reduce the Aggregate Revolving Credit CommitmentsCommitment prior to the Maturity Date to an amount not less than the sum of the Outstanding Amount of the then existing (i) Revolving Credit Loans and (ii) L/C Obligations; provided that (i) any such notice shall be received by the Administrative Agent not later than 2:00 p.m. three 11:00 a.m., five Business Days prior to the date of termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount of $500,000 1,000,000 or any whole multiple of $100,000 500,000 in excess thereof, (iii) Borrowers shall not reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit Commitments, and (iv) if, after giving effect to any reduction, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will shall promptly notify the Lenders of any such notice of reduction of or termination. Once reduced in accordance with this Section, the Aggregate Revolving Credit CommitmentsCommitment may not be increased. Any reduction of the Aggregate Revolving Credit Commitments Commitment shall be applied to the Revolving Credit Commitment of each Revolving Lender according to its Applicable PercentagePro Rata Share thereof. The Revolving Credit Commitment Fee on the portion of the Aggregate Revolving Credit Commitment so terminated which has accrued to the effective date of any termination of the Aggregate Revolving Credit Commitment shall at Administrative Agent’s option either be paid on the effective date of such termination or on the date when such Revolving Credit Commitment Fee would otherwise be due.
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Revolving Credit Commitment. Borrowers Borrower may, upon revocable notice which may be conditioned to Administrative Agent from Borrower Agent, terminate the Aggregate Revolving Credit Commitments, or from time to time permanently reduce the Aggregate Revolving Credit Commitments; provided that (i) any such notice shall be received by Administrative Agent not later than 2:00 p.m. 11:00 a.m. three Business Days (or such shorter period as may be agreed by the Administrative Agent) prior to the date of termination or reduction, (ii) any such reduction shall be in an aggregate amount of $500,000 or any whole multiple of $100,000 in excess thereof, (iii) Borrowers Borrower shall not terminate or reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit Commitments, and (iv) if, after giving effect to any reductionreduction or termination, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such Sublimit shall be automatically reduced by the amount of such excess. Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Credit Commitments. Any reduction of the Aggregate Revolving Credit Commitments shall be applied to the Revolving Credit Commitment of each Revolving Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Credit Commitments shall be paid on the effective date of such termination.
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Samples: Credit Agreement (CardConnect Corp.)