Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 10 contracts
Samples: Credit Agreement (Air Lease Corp), Credit Agreement (Air Lease Corp), Seventh Amendment and Extension Agreement (Air Lease Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 5 contracts
Samples: Credit Agreement (Fair Isaac Corp), Credit Agreement (Fair Isaac Corp), Credit Agreement (Fair Isaac Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans Outstanding Amount would exceed the Total CommitmentsCommitments (as so terminated or reduced). Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 5 contracts
Samples: Credit Agreement (Meritage Homes CORP), Credit Agreement (Meritage Homes CORP), Credit Agreement (Meritage Homes CORP)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to at least $1,000,000, 1,000,000 or a any larger whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Bungeltd), Revolving Credit Agreement (Bungeltd), Revolving Credit Agreement (Bunge LTD)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of (i) the Loans outstanding and (ii) any Competitive Loans outstanding, would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect. The Administrative Agent will, in accordance with its usual practice, notify the Lenders of each such termination or reduction.
Appears in 5 contracts
Samples: Credit Agreement (Keyspan Corp), Credit Agreement (Keyspan Corp), Credit Agreement (Keyspan Corp)
Termination or Reduction of Commitments. The Borrower Company shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce ratably the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate then outstanding principal amount of outstanding Competitive the Loans would exceed the Total Commitmentsamount of the Commitments then in effect. Any such reduction shall be in an amount equal to of the lesser of (x) $1,000,000, 10,000,000 or a whole multiple thereofof $1,000,000 in excess thereof and (y) the aggregate amount of Commitments then outstanding, and shall reduce permanently the amount of the Commitments then in effect.
Appears in 4 contracts
Samples: 364 Day Revolving Credit Agreement (Humana Inc), 364 Day Revolving Credit Agreement (Humana Inc), 364 Day Revolving Credit Agreement (Humana Inc)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,00010,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 4 contracts
Samples: Credit Agreement (World Wrestling Entertainmentinc), Credit Agreement (World Wrestling Entertainmentinc), Credit Agreement (World Wrestling Entertainmentinc)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans Outstanding Amount would exceed the Total CommitmentsCommitments (as so terminated or reduced). Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 4 contracts
Samples: Credit Agreement (William Lyon Homes), Amendment and Restatement Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total CommitmentsLine Cap. Any such reduction shall be in an amount equal to $1,000,0003,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 3 contracts
Samples: Abl Credit Agreement (Clearwater Paper Corp), Abl Credit Agreement (Clearwater Paper Corp), Abl Credit Agreement (Clearwater Paper Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total CommitmentsLine Cap. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 3 contracts
Samples: Abl Credit Agreement (TTM Technologies Inc), Abl Credit Agreement (TTM Technologies Inc), Abl Credit Agreement (TTM Technologies Inc)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ revocable notice to the Administrative AgentAgent (which may be conditioned as stated in such notice by the Borrower), to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total CommitmentsLine Cap. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 3 contracts
Samples: Abl Credit Agreement (Upbound Group, Inc.), Abl Credit Agreement (Rent a Center Inc De), Abl Credit Agreement (Rent a Center Inc De)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided PROVIDED that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate outstanding principal amount of outstanding Competitive the Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Bunge LTD), Revolving Credit Agreement (Bunge LTD), Revolving Credit Agreement (Bunge LTD)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, 1,000,000 or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Bunge LTD), Revolving Credit Agreement (Bunge LTD), Revolving Credit Agreement (Bunge LTD)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to at least $1,000,000, 10,000,000 or a any larger whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Bunge LTD), Credit Agreement (Bunge LTD)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three one Business Days’ Day's notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; , provided that no after giving effect to such termination or reduction of Commitments shall be permitted ifreduction, after giving effect thereto and to any prepayments the aggregate outstanding principal amount of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and shall not exceed the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, 10,000,000 or a whole multiple thereof, of $1,000,000 in excess thereof and shall reduce permanently the Commitments then in effect. Termination or reduction of the Commitments shall also terminate or reduce, as the case may be, the obligation of the Lenders to make the Term Loans.
Appears in 2 contracts
Samples: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans Outstanding Amount would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/)
Termination or Reduction of Commitments. (a) The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
(b) Notices under this Section 2.4 shall be made by a Responsible Officer on behalf of the Borrower.
Appears in 2 contracts
Samples: Credit Agreement (Newpark Resources Inc), Credit Agreement (Newpark Resources Inc)
Termination or Reduction of Commitments. Unless previously terminated, the Commitments shall terminate on the Termination Date. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans Outstanding Amount would exceed the Total CommitmentsCommitments (as so terminated or reduced). Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Stratosphere Leasing, LLC), Credit Agreement (Allied Riser Communications Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' written notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the CommitmentsCommitments ratably among the Lenders; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive the Loans then outstanding, would exceed the Total CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 2,000,000 or a whole multiple thereof, of $500,000 in excess thereof and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Air Lease Corp), Credit Agreement (American Real Estate Partners L P)
Termination or Reduction of Commitments. The Borrower Company shall have the right, upon not less than three Business Days’ Days'(or such shorter period as may be agreed to by Administrative Agent in its sole discretion) notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Genon Americas Generation LLC), Revolving Credit Agreement (NRG Energy, Inc.)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the lesser of (x) the Total CommitmentsCommitments and (y) the Borrowing Limit. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Abl Credit Agreement (TTM Technologies Inc), Abl Credit Agreement (TTM Technologies Inc)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three five Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Pg&e Corp), Credit Agreement (Pacific Gas & Electric Co)
Termination or Reduction of Commitments. The Borrower shall have -------------------------------------------- the right, upon not less than three two Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of -------- Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $C$1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative AgentAgent (which shall be distributed to the Lenders), to terminate the Commitments or, from time to time, to reduce the aggregate amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,00010,000,000, or a whole multiple of $5,000,000 in excess thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (U-Store-It Trust)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate aggregate, outstanding principal amount of outstanding Competitive the Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Price T Rowe Associates Inc /Md/)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments (ratably among the Lenders in proportion to their respective Commitments); provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to at least $1,000,000, 10,000,000 or a any larger whole multiple thereof, and shall reduce permanently the Commitments then in effect. Any notice to reduce the Commitments under this Section 2.4 shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (Bunge LTD)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three five (5) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans Outstanding Amount would exceed the Total Commitments, giving effect to such termination or reduction. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of Loans then outstanding Competitive Loans would exceed the Total Revolving Commitments. Any such reduction shall be in an amount equal to or greater than $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the aggregate amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,00010,000,000, or a whole multiple of $5,000,000 in excess thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (U-Store-It Trust)
Termination or Reduction of Commitments. The Borrower Borrowers shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted ifto the extent that, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Gartner Inc)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; , provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of the Loans then outstanding, when added to the sum of the then outstanding Competitive Loans L/C Obligations, would exceed the Total CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 500,000 or a whole multiple thereof, in excess thereof and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (RBX Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans and Swing Line Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the relevant Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect, subject to the Borrower’s right to subsequently increase the Total Commitments pursuant to Section 2.3.
Appears in 1 contract
Samples: Credit Agreement (Fair Isaac Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total CommitmentsAvailable Amount. Any such reduction shall be in an amount equal to $1,000,000500,000, or a whole multiple of $100,000 in excess thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Borrower shall have the rightright during the Availability Period, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the aggregate amount of the Commitments; provided that that, no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans Outstanding Facility Amount would exceed the Total CommitmentsMaximum Facility Availability. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Commitments. The Parent Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans and Swingline Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof (or in the case of Multicurrency Loans, the Dollar Equivalent thereof), and shall reduce permanently the Commitments then in effect.
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Samples: Credit Agreement (Genzyme Corp)
Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three five Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; , provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate then outstanding principal amount of the Loans, when added to the then outstanding Competitive Loans L/C Obligations, would exceed the Total Commitmentsamount of the Commitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 100,000 or a whole multiple thereof, thereof and shall reduce permanently the Commitments then in effect.
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Samples: Credit Agreement (Smith Corona Corp)
Termination or Reduction of Commitments. The Borrower shall --------------------------------------- have the right, upon not less than three Business Days’ ' (or such shorter time as the Administrative Agent shall agree to) notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall -------- be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.
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Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three two Business Days’ ' notice to the Administrative Agent, to terminate the Commitments under any Facility or, from time to time, to reduce the amount of the such Commitments; provided PROVIDED that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Revolving Commitments. Any such reduction shall be in an amount equal to $1,000,000500,000, or a whole multiple thereof, and shall reduce permanently the relevant Commitments then in effect.
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Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three five Business Days’ ' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; , provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate principal amount of the Revolving Credit Loans then outstanding Competitive Loans , when added to the then outstanding L/C Obligations, would exceed the Total CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 100,000 or a whole multiple thereof, thereof and shall reduce permanently the Commitments then in effect.
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Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the sum of the Total Extensions of Credit and the aggregate aggregate, outstanding principal amount of outstanding Competitive the Loans would exceed the Total Commitments. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Commitments then in effect.
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Termination or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the General Administrative Agent, to terminate any of the Commitments or, from time to time, to reduce the amount of any of the Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of outstanding Competitive Loans would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereofthereof (or, if the then aggregate Commitments are less than $1,000,000, such lesser amount), and shall reduce permanently the relevant Commitments then in effect.
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