Scheduled Reductions of Commitments Sample Clauses

Scheduled Reductions of Commitments. The Commitments shall be permanently reduced on the dates and in the amounts set forth below: Schedule Reduction Date of Commitments ---- ------------------ 09/30/2000 $4,062,500 12/31/2000 $4,062,500 03/31/2001 $4,062,500 06/30/2001 $4,062,500 09/30/2001 $4,062,500 12/31/2001 $4,062,500 03/31/2002 $4,062,500 06/30/2002 $4,062,500 09/30/2002 $4,062,500 12/31/2002 $4,062,500 03/31/2003 $4,062,500 06/30/2003 $4,062,500 09/30/2003 $4,062,500 12/31/2003 $4,062,500 03/31/2004 $4,062,500 06/30/2004 $4,062,500 ; provided that the scheduled reductions of the Commitments set forth above -------- shall be reduced in connection with any voluntary or mandatory reductions of the Commitments in accordance with subsection 2.4B(iv).
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Scheduled Reductions of Commitments. Unless previously terminated or reduced, the Commitments shall automatically reduce without any further action (i) on the Second Amendment Effective Date, to $400,000,000 and (ii) on July 1, 2015, to $350,000,000. The terms of Section 2.06(c) shall apply to each such reduction of the Commitments. In connection with any such reduction, the Administrative Agent may amend and restate Annex I to reflect the Commitment of each Lender, after giving effect to such reduction.
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Scheduled Reductions of Commitments. The Commitments shall be permanently reduced on the dates and in the amounts set forth below: Schedule Reduction DATE of Commitments ---- ------------------ third Anniversary $25,000,000 fourth Anniversary $50,000,000 ; provided that the scheduled reductions of the Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Commitments in accordance with subsection 2.5B(viii).
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Scheduled Reductions of Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts set forth below: SCHEDULE REDUCTION DATE OF COMMITMENTS ------------------ ------------------ third Anniversary $25,000,000 fourth Anniversary $50,000,000 ; provided that the scheduled reductions of the Revolving Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Revolving Commitments in accordance with subsection 2.5B(ix).
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Scheduled Reductions of Commitments. The Commitments shall be permanently reduced on the dates and in the amounts set forth below: SCHEDULED REDUCTION COMMITMENTS AFTER DATE OF COMMITMENTS SCHEDULED REDUCTION ---- ------------------- ------------------- September 30, 1996 $1,000,000 $47,000,000 December 31, 1996 2,000,000 45,000,000 March 28, 1997 2,000,000 43,000,000 ; provided that the scheduled reductions of the Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Commitments in accordance with subsection 2.4B(iv)."
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Scheduled Reductions of Commitments. Subject to the provisions of subsection 2.1E, the aggregate Commitments of the Lenders shall be permanently reduced on the dates and in the amounts set forth below: Scheduled Reduction of Date Commitments December 20, 1999 $25,000,000 December 20, 2000 $25,000,000 December 20, 2001 $50,000,000 and the Commitment of each Lender shall be reduced by such Lender's Pro Rata Share of such reduction in the aggregate Commitments; provided that the scheduled reductions of the Commitments set forth above shall be reduced in connection with any voluntary reductions of the Commitments in accordance with subsection 2.4B(iv).
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Scheduled Reductions of Commitments. The Commitments shall be permanently reduced on each Reduction Date occurring during a period set forth below in the amount set forth opposite that period: Reduction Dates During Amount March 31, 1998 through December 31, 2000 $4,250,000 March 31, 2001 through December 31, 2002 $5,500,000 March 31, 2003 $6,000,000 June 30, 2003 $129,000,000 provided that the scheduled reductions of the Commitments set forth above shall be (i) reduced in connection with any voluntary or mandatory reductions of the Commitments in accordance with Section 2.4B(iv) and (ii) accelerated to the extent acceleration of the Loans occurs pursuant to Section 8.20B. B.
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Scheduled Reductions of Commitments. Without prejudice to any other provision of this Agreement, the Commitments shall be reduced in aggregate by the following amounts on the following dates:-
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Related to Scheduled Reductions of Commitments

  • Reductions of Commitments Each reduction of the Commitments under Section 2.11. shall be in an aggregate minimum amount of $10,000,000 and integral multiples of $5,000,000 in excess thereof.

  • Payments Reductions of Commitments Prepayments 16 2.5. Promise to Pay; Promissory Notes. 26

  • Reduction of Commitments The Revolver Commitments shall terminate on the Maturity Date. Borrowers may reduce the Revolver Commitments of either Class, without premium or penalty, to an amount not less than the sum of (A) the Revolver Usage of such Class as of such date, plus (B) the principal amount of all Revolving Loans of such Class not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit of such Class not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than five (5) Business Days prior written notice to Agent or such shorter period as the Agent may agree in its reasonable discretion, and shall be irrevocable; provided that such notice of termination may state that such notice is conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice may be revoked by Borrowers (by notice to Agent from Parent on or prior to the specified effective date) if such condition is not satisfied. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Revolving Lender proportionately in accordance with its ratable share thereof.

  • Reallocation of Commitments Upon the effectiveness of this Agreement, all outstanding “Revolving Credit Loans” given by the Lenders under and as defined in the Existing Credit Agreement owing by the Borrower under the Existing Credit Agreement shall be deemed to be Revolving Credit Loans hereunder. The parties hereto acknowledge and agree that, notwithstanding the provisions regarding assignments set forth in Section 10.06 hereof, as of the Closing Date, (i) the Commitments and Applicable Percentages for each of the Lenders are as set forth on Schedule 2.01 and (ii) each Lender that is party to the Existing Credit Agreement whose loan commitments under the Existing Credit Agreement is greater than its Commitments hereunder shall be deemed to have assigned, without recourse, to one or more Lenders such portion of such decreasing Lender’s existing loans and commitments under the Existing Credit Agreement as shall be necessary to effectuate the reallocation of commitments and existing loans contemplated hereby. Notwithstanding anything to the contrary in the Existing Credit Agreement or this Agreement, no other documents or instruments, including any Assignment and Assumption, shall be executed in connection with such assignments (all of which requirements are hereby waived), and such assignments shall be deemed to be made with all applicable representations, warranties and covenants as if evidenced by an Assignment and Assumption. On the Closing Date, the Lenders shall make full cash settlement with each other through the Administrative Agent with respect to all assignments, reallocations and other changes in commitments contemplated hereby such that after giving effect to such settlements each Lender’s Applicable Percentage with respect to the applicable Facility shall be as set forth on Schedule 2.01; provided, that the foregoing re-allocations and deemed assignments shall not give rise to, and each Lender hereby waives, payment of any additional amounts under Section 3.05.

  • Voluntary Reductions of Revolving Loan Commitments Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

  • Termination or Reduction of Revolving Commitments The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect.

  • Termination and Reduction of Revolving Commitments (a) Unless previously terminated, the Revolving Commitments shall terminate on the Maturity Date.

  • Termination or Reduction of Revolving Credit Commitments The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof), to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

  • Termination, Reduction and Increase of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

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