Termination and Reduction of Revolving Credit Commitments. (a) Unless previously terminated, the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.
Termination and Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof), to terminate the Aggregate Revolving Credit Commitments or, from time to time, to reduce the amount of the Aggregate Revolving Credit Commitments; provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Available Revolving Credit Commitment of any Lender would not be greater than or equal to zero. Any such permitted reduction shall be in an amount equal to $1,000,000 or a whole multiple of $100,000 in excess thereof and shall reduce permanently the Aggregate Revolving Credit Commitments then in effect.
Termination and Reduction of Revolving Credit Commitments. (a) The Revolving Credit Commitments shall be automatically terminated on the Revolving Credit Termination Date whereupon the entire outstanding principal balance of the Revolving Credit Loans, plus all accrued and unpaid interest thereon, and any fees or other amounts owed under the Loan Documents (including all Commitment Fees and fees and other amounts in connection with the Letters of Credit) shall be due and payable.
Termination and Reduction of Revolving Credit Commitments. (a) The Revolving Credit Commitments shall be automatically and permanently terminated on the Termination Date.
Termination and Reduction of Revolving Credit Commitments. The Company shall have the right to terminate or reduce the Revolving Credit Commitments at any time and from time to time at its option, provided that (i) the Company shall give notice of such termination or reduction to the Agent (with sufficient executed copies for each Bank) specifying the amount and effective date thereof, (ii) each partial reduction of the Revolving Credit Commitments shall be in a minimum amount of $1,000,000 and in an integral multiple of $100,000 and shall reduce the Commitments of all of the Banks proportionately in accordance with their Pro Rata Shares, (iii) no such termination or reduction shall be permitted with respect to any portion of the Revolving Credit Commitments as to which a request for a Revolving Credit Loan pursuant to Section 2.4 is then pending, and (iv) the Revolving Credit Commitments may not be terminated if any Revolving Credit Loans are then outstanding and may not be reduced below the principal amount of the Revolving Credit Loans then outstanding. The Revolving Credit Commitments or any portion thereof terminated or reduced pursuant to this Section 2.2 may not be reinstated.
Termination and Reduction of Revolving Credit Commitments. (a) Upon at least two (2) Business Days' prior irrevocable written notice (or facsimile notice promptly confirmed in writing) to the Administrative Agent, the Borrowers may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Revolving Credit Commitment, ratably among the Lenders in accordance with the amounts of their Revolving Credit Commitments; PROVIDED, HOWEVER, that the Total Revolving Credit Commitment shall not be reduced at any time to an amount less than the Revolving Credit Loans outstanding under the Revolving Credit Commitments and the Letter of Credit Usage at such time. Each partial reduction of the Total Revolving Credit Commitment shall be in a minimum of $100,000 or an integral multiple of $100,000.
Termination and Reduction of Revolving Credit Commitments. (a) Upon at least three (3) Business Days' prior irrevocable written notice (or facsimile notice promptly confirmed in writing) to the Agent, the Borrowers may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Commitment, ratably among the Lenders in accordance with the amounts of their Revolving Credit Commitments; provided, however, that the Total Commitment shall not be reduced at any time to an amount less than the Revolving Credit Loans outstanding under the Revolving Credit Commitments and the Letter of Credit Usage at such time. Each partial reduction of the Total Commitment shall be in a minimum of $500,000 or an integral multiple of $100,000.
Termination and Reduction of Revolving Credit Commitments. Upon at least three (3) Business Days' prior irrevocable written, facsimile or telephonic notice (promptly confirmed by written or facsimile notice) to the Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Tranche A Revolving Credit, ratably among the Lenders in accordance with the amounts of their Tranche A Revolving Credit Commitments; provided, however, that the Total Tranche A Revolving Credit Commitment shall not be reduced at any time to an amount less than the Tranche A Revolving Credit Loans outstanding under the Tranche A Revolving Credit Commitments and the Letter of Credit Usage at such time. Each partial reduction of the Total Tranche A Revolving Credit Commitment shall be in a minimum of $100,000 or an integral multiple of $100,000.
Termination and Reduction of Revolving Credit Commitments. (a) Notwithstanding any reduction in the Reducing Revolving Credit Commitment pursuant to any other subsection of this Section 2.07, the Total Reducing Revolving Credit Commitment shall be automatically and permanently reduced (pro rata among the Lenders in accordance with their respective Reducing Revolving Credit Commitments) to $20,000,000 on December 31, 2000. In addition, upon the receipt by the Agent of the Special Charter Amendment Opinion the Total Reducing Revolving Credit Commitment shall automatically be reduced to $0 and (i) all Reducing Revolving Credit Eurodollar Loans outstanding at such time, if any, shall be deemed converted into Revolving Credit Eurodollar Loans and continued to the end of the applicable Interest Period and (ii) all Reducing Revolving Credit Alternate Base Loans outstanding at such time, if any, shall be deemed converted into a Revolving Credit Alternate Base Loan.
Termination and Reduction of Revolving Credit Commitments. (a) The Company shall have the right to terminate or reduce the Revolving Credit Commitments at any time and from time to time, provided that (i) the Company shall give notice of such termination or reduction to the Agent specifying the amount and effective date thereof, (ii) each partial reduction of the Revolving Credit Commitment shall be in a minimum amount of $5,000,000 and in an integral multiple of $1,000,000 and shall reduce the Revolving Credit Commitments of all of the Lenders proportionately in accordance with the respective Revolving Credit Commitment amounts for each such Lender, (iii) no such termination or reduction shall be permitted with respect to any portion of the Revolving Credit Commitments as to which a request for an Advance pursuant to Section 2.4 is then pending, (iv) the Revolving Credit Commitments may not be terminated if any Revolving Credit Advances are then outstanding and may not be reduced below the principal amount of Revolving Credit Advances then outstanding, (v) the Revolving Credit Commitments may not be reduced below the outstanding principal amount of 14% Senior Notes, (vi) the Revolving Credit Commitments shall be automatically reduced by the unused amount of the Acquisition Amount on the Acquisition Amount Expiry Date, and (vii) the Revolving Credit Commitments shall reduce, on a pro rata basis, in 24 consecutive quarterly reductions on the last Business Day of each March, June, September and December commencing with the last Business Day of March, 1998, as follows: Date of each Quarterly Reduction of Revolving Amount of each Quarterly Amount of Annual Reduction of Revolving Credit Reductions of Revolving Credit Commitments Commitments Credit Commitments Four principal installments on the last $1,375,000 $5,500,000 Business day of March, 1998, June, 1998, September, 1998 and December, 1998 Four principal installments on the last $1,718,750 $6,875,000 Business Day of March, 1999, June, 1999, September, 1999 and December, 1999 Four principal installments on the last $2,062,500 $8,250,000 Business Day of March, 2000, June, 2000, September, 2000 and December, 2000 Four principal installments on the last $2,406,250 $9,625,000 Business Day of March, 2001, June, 2001, September, 2001 and December, 2001 Four principal installments on the last $2,750,000 $11,000,000 Business Day of March, 2002, June, 2002, September, 2002 and December, 2002 Four principal installments on the last $3,437,500 $13,750,000 Business Day of Marc...
