Termination or Reduction of Commitment. (a) The Borrower may, upon at least three (3) Business Days’ notice to the Lenders, terminate at any time, or reduce from time to time, in each case without premium or penalty, by an aggregate amount of at least $5,000,000 (and integrals of $1,000,000 in excess thereof), the Commitment, the LC Commitment or the Swing Line Commitment.
Appears in 3 contracts
Samples: Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Works Company, Inc.)
Termination or Reduction of Commitment. (a) The Borrower may, upon at least three (3) Business Days’ notice to the LendersLender, terminate at any time, or reduce from time to time, in each case without premium or penalty, time by an aggregate amount of at least $5,000,000 (and integrals of $1,000,000 in excess thereof), the Commitment, the LC Commitment or the Swing Line Commitment.
Appears in 2 contracts
Samples: Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Capital Corp.)
Termination or Reduction of Commitment. (a) The Borrower may, upon at least three (3) Business Days’ ' notice to the LendersBank, terminate entirely at any time, or reduce from time to time, in each case without premium or penalty, time by an aggregate amount of at least $5,000,000 (and integrals or any larger multiple of $1,000,000 1,000,000, the amount of the Commitment in excess thereof), of the Commitment, sum of the LC Commitment or the Swing Line Commitmentprincipal amount of all outstanding Loans.
Appears in 1 contract
Samples: Credit Agreement (Pentair Inc)
Termination or Reduction of Commitment. (a) The Borrower mayshall have the right, upon at least three (3) Business Days’ notice Days notice, to the Lenders, terminate at any time, or reduce from time to timecancel, in whole or in part, the unused portion of the Commitment in excess of the outstanding Advances, provided that each case without premium or penalty, by an aggregate partial reduction shall be in a minimum amount of at least $5,000,000 (and integrals of $1,000,000 or any whole multiple of $250,000 in excess thereof). Once terminated or reduced, the Commitment, the LC Commitment may not be reinstated or the Swing Line Commitmentincreased thereafter.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Independence Realty Trust, Inc)
Termination or Reduction of Commitment. (a) The Borrower may, upon at least three (3) Business Days’ notice to the Lenders, terminate at any time, or reduce from time to time, in each case without premium or penalty, by an aggregate amount of at least $5,000,000 (and integrals of $1,000,000 in excess thereof), the Commitment, the LC Commitment or the Swing Line Commitment.
Appears in 1 contract
Samples: Term Loan Credit Agreement (American Water Works Company, Inc.)
