Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof), 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 Total Revolving Extensions of Credit 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 12 contracts
Samples: Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 9 contracts
Samples: Credit Agreement, Credit Agreement (National CineMedia, LLC), Credit Agreement (National CineMedia, LLC)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 8 contracts
Samples: Credit Agreement (Worldspan L P), Credit Agreement (Grand Union Co /De/), Credit Agreement (American Buildings Co /De/)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 6 contracts
Samples: Credit Agreement (Avery Berkel Holdings LTD), Credit Agreement (K&f Industries Inc), Credit Agreement (Dobson Communications Corp)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Total Revolving Extensions of Credit 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 6 contracts
Samples: Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Serologicals Corp), Credit Agreement (Cinemark Usa Inc /Tx)
Termination or Reduction of Revolving Credit Commitments. The Borrower Borrowers shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 Total Revolving Extensions of Credit 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 5 contracts
Samples: Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Cinemas Corp), Credit Agreement (Regal Entertainment Group)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, without premium or penalty, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Total Revolving Extensions of Credit 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 5 contracts
Samples: Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 5 contracts
Samples: Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co), Credit Agreement (Nebraska Book Co)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit Exposure would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 4 contracts
Samples: Credit Agreement (Nebraska Book Co), Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, without premium or penalty, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 4 contracts
Samples: Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof), 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 and/or Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 4 contracts
Samples: Credit Agreement (B&G Foods, Inc.), Revolving Credit Agreement (B&g Foods Holdings Corp), Revolving Credit Agreement (B&G Foods, Inc.)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 4 contracts
Samples: Amendment and Restatement Agreement (Chatham Lodging Trust), Credit Agreement (Chatham Lodging Trust), Credit Agreement (Chatham Lodging Trust)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Total Revolving Extensions of Credit would exceed the Total Maximum Revolving Credit CommitmentsFacility Availability. 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 4 contracts
Samples: Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Total Revolving Extensions of Credit 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 3 contracts
Samples: Credit Agreement (Mylan Laboratories Inc), Credit Agreement (Magellan Midstream Partners Lp), Credit Agreement (Cinemark Usa Inc /Tx)
Termination or Reduction of Revolving Credit Commitments. The Designated Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total sum of the Aggregate Outstanding Revolving Extensions of Credit of all Revolving Credit Lenders would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000500,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 3 contracts
Samples: Credit Agreement (Kirklands Inc), Credit Agreement (Kirklands Inc), Credit Agreement (Kirklands Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower Company shall have the right, upon not less than three Business Days’ ' irrevocable written notice to the General Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit CommitmentsCommitments without premium or penalty; 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit CommitmentsCommitments then in effect. 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 Revolving Credit Commitments then in effect.
Appears in 3 contracts
Samples: Credit Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Laidlaw Environmental Services Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three one Business Days’ Day’s notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000500,000, or a whole multiple of $50,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 3 contracts
Samples: Credit Agreement (UCI Holdco, Inc.), Credit Agreement (Chefford Master Manufacturing Co Inc), Credit Agreement (UCI Holdco, Inc.)
Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 3 contracts
Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)
Termination or Reduction of Revolving Credit Commitments. The -------------------------------------------------------- Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. 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 Revolving Credit Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Nationwide Credit Inc), Credit Agreement (Nationwide Credit Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Loans made, or terminations or expirations of Letters of Credit Loans made occurring, on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to (i) $1,000,000, or a whole multiple thereofthereof or (ii) the then aggregate Available Revolving Credit Commitments, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Villa Pines Care LLC), Credit Agreement (Gallipolis Care LLC)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $500,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 2 contracts
Samples: Senior Secured Credit Agreement (Day International Group Inc), Senior Secured Credit Agreement (Day International Group Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit 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 2 contracts
Samples: Credit Agreement (White Mountains Insurance Group LTD), Credit Agreement (Capital Environmental Resource Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof), 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 and/or Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 2 contracts
Samples: Revolving Credit Agreement (B&g Foods Inc), Revolving Credit Agreement (B&g Foods Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three two Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 2 contracts
Samples: Restructuring Credit Agreement (Imperial Sugar Co /New/), Credit Agreement (Imperial Holly Corp)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 2 contracts
Samples: Credit Agreement (Ws Financing Corp), First Lien Credit Agreement (Spanish Broadcasting System Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three two Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided PROVIDED that no such termination or reduction of Revolving Credit Commitments shall be permitted ifto the extent that, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit 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 Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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
Samples: Credit Agreement (Buffets Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Nebraska Book Co)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from form 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 and Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,0003,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Total aggregate outstanding principal amount of Revolving Extensions of Credit 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
Samples: Credit Agreement (Infinity Property & Casualty Corp)
Termination or Reduction of Revolving Credit Commitments. The Borrower Borrowers shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 Back to Table of Contents 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Conmed Corp)
Termination or Reduction of Revolving Credit Commitments. The Primary Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit 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
Samples: Credit Agreement (White Mountains Insurance Group LTD)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole $250,000 multiple in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole $250,000 multiple in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Tsi Finance Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof), 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 Total Revolving Extensions of Credit would exceed the Total Available Revolving Credit CommitmentsCommitment of any Lender would not be greater than or equal to zero. Any such reduction shall be in an amount equal to $1,000,000, 2,500,000 or a whole multiple thereof, of $1,000,000 in excess thereof and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Nbty Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three two Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided PROVIDED that no such termination or reduction of Revolving Credit Commitments shall be permitted ifto the extent that, after giving effect thereto and to any prepayments of the Revolving Credit Loans and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Axiohm Transaction Solutions Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three five Business Days’ Days irrevocable notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 Total Aggregate Outstanding Revolving Extensions Credit of all Revolving Credit Lenders would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 5,000,000 or a whole multiple thereof, of $1,000,000 in excess thereof and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three two Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided PROVIDED that no such termination or reduction of Revolving Credit Commitments shall be permitted ifto the extent that, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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
Samples: Credit Agreement (Axiohm Transaction Solutions Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three five Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 Revolving Credit Commitments. The Borrower shall have the right, upon not less than three five Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; 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 Total aggregate principal amount of the Revolving Extensions of Credit Loans then outstanding. when added to the then outstanding L/C Obligations, would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit 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
Samples: Credit Agreement (Friendlys Restaurants Franchise Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof), 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 Total Revolving Extensions of Credit would exceed the Total Available Revolving Credit CommitmentsCommitment 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, 2,500,000 or a whole multiple thereof, of $1,000,000 in excess thereof and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Nbty Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower Borrowers shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof)and the Revolving Credit Lenders, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, 1,000,000 or a whole multiple of $500,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (MVC Capital, Inc.)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice ' Notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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 Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)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 Total aggregate outstanding principal amount of Revolving Extensions Credit Loans of all Revolving Credit Lenders would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 5,000,000 or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, without premium or penalty, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit 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
Samples: Credit Agreement (Northwestern Corp)
Termination or 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)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit CommitmentsCommitments without premium or penalty; 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit 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 Revolving Credit Commitments then in effect.the
Appears in 1 contract
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate 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 Total then outstanding Revolving Extensions of Credit would exceed the Total aggregate Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000100,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Revolving Credit and Guarantee Agreement (Impath Inc)
Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent (which shall promptly notify each Lender thereof)Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided 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 Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $500,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Day International Group Inc)
