Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Maturity Date.
Termination and Reduction of Commitment. The Borrower may terminate the Commitment, or reduce the amount thereof, by giving written notice to the Lender, not later than 5:00 P.M., New York time, on the fifth Business Day prior to the date of termination or reduction (or such later time or date as the Lender may in its sole discretion permit).
Termination and Reduction of Commitment. (a) Unless previously terminated, (i) the Term Commitment shall terminate at 5:00 p.m., Eastern time, on the Effective Date and (ii) the Revolving Commitment shall terminate on the Revolving Credit Maturity Date.
Termination and Reduction of Commitment. (a) Unless previously terminated, the Revolving Commitment shall terminate on the Revolving Credit Maturity Date. (b) The Borrowers may at any time terminate the Revolving Commitment upon the Payment in Full of the Secured Obligations. (c) The Borrowers may from time to time reduce the Revolving Commitment; provided that (i) each reduction of the Revolving Commitment shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000 and (ii) the Borrowers shall not terminate or reduce the Revolving Commitment if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.09, the Revolving Exposure would exceed the Revolving Commitment. (d) The Borrower Representative shall notify the Lender of any election to terminate or reduce the Revolving Commitment under paragraph (b) or (c) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower Representative pursuant to this Section shall be irrevocable; provided that a notice of termination or reduction of the Revolving Commitment delivered by the Borrower Representative may state that such notice is conditioned upon the effectiveness of other credit facilities or consummation of other events, in which case such notice may be revoked by the Borrower Representative (by notice to the Lender on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Revolving Commitment shall be permanent. SECTION 2.08
Termination and Reduction of Commitment. The Commitment shall terminate upon the earlier of the making of the Loan and 5:00 p.m., New York City time, on the Closing Date.
Termination and Reduction of Commitment. Unless previously terminated pursuant to this Agreement, the Commitment shall terminate on the last day of the Availability Period. The principal amounts of any Loans that are prepaid or repaid under the Notes may not be reborrowed, and the Commitment in respect thereto shall be deemed utilized. Any termination or reduction of the Commitment shall be permanent.
Termination and Reduction of Commitment. Neither the Borrower nor the Bank shall have the right to terminate or reduce the Commitment.
Termination and Reduction of Commitment. 14 SECTION 2.05. INTEREST. ....................... ................. . . .. 14 SECTION 2.06. MATURITY OF NOTES; PREPAYMENT OF NOTES.................... 15 SECTION 2.07. FEE DUE IN CERTAIN CIRCUMSTANCES ......................... 16
Termination and Reduction of Commitment. (a) The Commitment shall automatically terminate on the Loan Termination Date.
Termination and Reduction of Commitment. The Commitment provided for hereunder shall terminate on the Availability Termination Date. From time to time, Borrower may, upon written notice to Lender, permanently reduce the Commitment in whole or in part.
