Termination and Reduction of the Commitments. (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.
Termination and Reduction of the Commitments. At the close of business on the last Business Day of the Availability Period, the Commitments shall automatically and without notice be reduced to zero, and once borrowed or repaid, the Loan may not be reborrowed.
Termination and Reduction of the Commitments. Scheduled Termination
Termination and Reduction of the Commitments. (a) Scheduled Termination. Unless previously terminated in accordance with the terms hereof, the Commitments shall terminate on the Maturity Date.
Termination and Reduction of the Commitments. (a) The Initial Funding Commitments shall automatically and without notice be reduced to zero and terminated upon the close of business on October 31, 2019 in the event that the Initial Funding Date has not occurred on or prior to such date.
Termination and Reduction of the Commitments. (i) The Company may, at any time, upon not less than thirty days' prior written notice to the Agent, a copy of which shall be promptly provided by the Agent to each Lender, reduce the aggregate Commitment Amounts, with any such reduction in a minimum amount of $10,000,000, or, if more, in an integral multiple of $5,000,000 in excess thereof; provided, that the Company may not reduce the aggregate Commitment Amounts below the aggregate principal amount of outstanding Loans. The Company may, upon not less than thirty days' prior written notice to the Agent, a copy of which shall be promptly provided by the Agent to each Lender, terminate the Commitments in their entirety. Upon termination of the Commitments pursuant to this Section, the Company shall pay to the Agent the aggregate amount of all outstanding Loans, all accrued and unpaid interest thereon, any unpaid fees accrued to the date of such termination and all other unpaid obligations of the Company to the Lenders in respect of their Commitments hereunder.
Termination and Reduction of the Commitments. (a) At 5:00 p.m., New York City time, on the Commitment Termination Date, the unused portion, if any, of the Commitment shall terminate.
Termination and Reduction of the Commitments. (a) The Commitment of each Lender shall be automatically reduced to zero on the Commitment Termination Date. (b) In addition, the Borrower shall have the right, upon at least five Business Days’ written notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the Commitments of the Lenders; provided that, any partial reduction of the Commitments shall be in an aggregate original principal amount of at least $5,000,000 and in $1,000,000 multiples thereafter (or such lesser amount as shall equal the remaining Commitments), and the amount thereof shall be specified in such written notice. Once terminated or reduced, the Commitments may not be reinstated. Section 2.06
Termination and Reduction of the Commitments. (a) The Company shall have the right to terminate or reduce the Commitments at any time and from time to time, in which case the Commitments of the Lenders shall be terminated or permanently reduced by the amount so specified (the reduction of each Lender's Commitment being on a pro rata basis in accordance with the respective amounts of the Commitments), as the case may be; provided that (i) the Company shall give notice of such termination or reduction to the Agent at least three Business Days in advance thereof, specifying the amount and effective date thereof, (ii) each partial reduction of the Commitments shall be in a minimum amount of $10,000,000 and in an integral multiple of $1,000,000, (iii) no such termination or reduction shall be permitted with respect to any portion of the Commitments as to which a request for a Loan or Letter of Credit Advance pursuant to Section 3.1 is then pending, and (iv) the Commitments may not be completely terminated if any 1999 CREDIT AGREEMENT -11- 16 Loans or Letter of Credit Advances are then outstanding and may not be reduced below the principal amount of the aggregate Loans and Letter of Credit Advances then outstanding. The Credit or any portion thereof so terminated or reduced pursuant to this Section 2.4 may not be reinstated.
Termination and Reduction of the Commitments. (a) The aggregate amount of the Commitments of any Class shall be automatically reduced to zero on the Credit Termination Date for such Class of Commitments. On the Credit Termination Date for the Class A-1 Commitments the outstanding balance of the Class A-1 Loan Advance Account on such date shall be repaid to the Class A-1 Lenders.
