Termination and Reduction of Commitment. (a) The Commitment shall automatically terminate on the Maturity Date. (b) The Borrower may, with the prior written consent of the Lender, at any time in whole permanently terminate, or from time to time in part permanently reduce, the Commitment; provided that (i) each partial reduction of the Commitment shall be in an integral multiple of $10,000,000 and in a minimum amount of $50,000,000, and (ii) the Commitment shall not be reduced to an amount at any time that is less than the Original Principal Amount at such time. (c) The Borrower shall pay to the Lender, on the date of each termination or reduction, the Fees on the amount of the Commitment so terminated or reduced accrued and unpaid to but excluding the date of such termination or reduction.
Appears in 5 contracts
Samples: Credit Agreement, Credit Agreement, Credit Agreement
