Termination/Reduction. (i) The Borrower shall have the right to terminate the Loan prior to the originally scheduled Maturity Date by providing the Administrative Agent (with the Administrative Agent giving prompt notice thereof to the Lenders) with ten (10) days’ written notice of the Borrower’s intention to terminate the Loan (the date of such termination being the “Borrower Termination Date”). In the event that the Borrower provides such written notice to the Administrative Agent, (i) as of the date of the notice, the Lenders shall have no further obligation to make or issue, and the Borrower shall have no further right to receive or request, any Loan Advances or any Letters of Credit hereunder, and (ii) the Borrower shall be obligated on the Borrower Termination Date to pay in full all accrued interest, principal and other charges due with respect to the Loan, including, without limitation, any Breakage Fees due on account of such payment and (y) either (1) provide Administrative Agent with cash collateral equal to the outstanding amount of all outstanding Letters of Credit from a source other than the proceeds of the Loan or (2) return all outstanding Letters of Credit to the Administrative Agent. If such cash collateral is posted, such funds shall be held in an interest bearing account at the Administrative Agent, shall be pledged to secure the Obligations, and shall be refunded on a dollar for dollar basis to the Borrower upon the return to the Administrative Agent, or the expiration, of each Letter of Credit.
Termination/Reduction. The City may voluntarily terminate any Letter of Credit at any time with 30 days prior written notice to the Bank; provided, however, that in the event the City elects to terminate or permanently reduce (excluding in connection with mandatory sinking fund redemptions) the Available Amount of a Letter of Credit prior to its Stated Expiration Date, the City shall pay to the Bank the Letter of Credit Fees that would be due and payable to the Bank through the Stated Expiration Date based on the Available Amount in effect on date of such termination or reduction less the Letter of Credit Fees already paid ( the "Make-Whole Fee") up to and including the termination or reduction date. The City will not be required to pay the Make-Whole Fee to the Bank if: (a) a Letter of Credit is terminated due to a downgrade of the short-term rating of the Bank below “P-1” by Xxxxx’x, “A-1” by S&P, or “F1” by Fitch; or (b) the related subseries of Bonds is refunded from a source of funds that does not require a credit facility or analogous facility from a bank or financial institution, or the rate of interest on the related subseries of Bonds is converted to a fixed rate or another interest rate mode that does not require a credit facility, a bank direct purchase facility, or an analogous facility from a bank or financial institution.
Termination/Reduction and Increase of Revolving Commitments ------------------------------------------------------------
Termination/Reduction. Company shall have the right, upon at least three Business Days' notice to Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that each partial reduction shall be in the aggregate amount of $5.0 million or an integral multiple of $1.0 million in excess thereof and; provided, further, that after giving effect to any such partial reduction, the total Commitments shall not be less than the sum of (i) the then outstanding aggregate amount of Loans and (ii) the greater of (x) Letter of Credit Liability or (y) aggregate amount of Letter of Credit Commitments. Once terminated, such Commitments may not be reinstated.
Termination/Reduction. The Borrower may, upon notice to the Facilities Administrative Agent, terminate the Aggregate Revolving Credit Commitments or the Swing Line Sublimit, or from time to time permanently reduce the Aggregate Revolving Credit Commitments or the Swing Line Sublimit; provided that (i) any such notice shall be received by the Facilities Administrative Agent not later than 11:00 a.m. three Business Days prior to the date of termination or reduction, (ii) any such partial reduction with respect to the Revolving Credit Commitments shall be in an aggregate amount of $1,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Loan Outstanding would exceed the Aggregate Revolving Credit Commitments, provided that a notice of termination of the Aggregate Revolving Credit Commitments delivered by the Borrower may state that such notice is contingent upon the consummation of a refinancing or other transactions and such notice may otherwise be extended or revoked, in each case, with the requirements of Section 3.05 to apply to any failure of the contingency to occur and any such extension or revocation. The Facilities Administrative Agent will promptly notify the Revolving Lenders of any such notice of termination or reduction of the Aggregate Revolving Credit Commitments, and (iv) if, after giving effect to any reduction of the Aggregate Revolving Credit Commitments, the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such Swing Line Sublimit shall be automatically reduced by the amount of such excess.
Termination/Reduction and Increase of Aggregate ------------------------------------------------------- Commitment. ----------
Termination/Reduction. Extension and Increase of Commitments; Reduction of AHIHL Sublimit. (a) Unless previously terminated, the Commitments and the LC Commitments shall terminate on the Maturity Date.
Termination/Reduction. (i) The Borrower shall have the right to terminate the Loan prior to the originally scheduled Maturity Date by providing the Administrative Agent (with the Administrative Agent giving prompt notice thereof to the Lenders) with ten (10) days’ written notice of the Borrower’s intention to terminate the Loan (the date of such termination being the “Borrower Termination Date”). In the event that the Borrower provides such written notice to the Administrative Agent, (i) as of the date of the notice, the Lenders shall have no further obligation to make or issue, and the Borrower shall have no further right to receive or request, any Loan Advances hereunder, and (ii) the Borrower shall be obligated on the Borrower Termination Date to pay in full all accrued interest, principal and other charges due with respect to the Loan, including, without limitation, any Breakage Fees due on account of such payment.
Termination/Reduction. Notwithstanding the foregoing but subject to Section 4.1, Section 13.1 and Section 13.2, and with the exception of services provided pursuant to the Employee Lease Agreement, which may not be reduced or terminated prior to the expiration of the term set forth therein, at any time after the date hereof and from time to time: 1) CPP may elect to terminate in whole or in part any Metris Services or reduce the scope and duration of any of the Metris Services, by identifying which Metris Services it elects to so terminate or reduce by giving written notice to Metris at least 60 days prior to the effective date of any such termination or reduction (a "Modification Notice") and 2) Metris may elect to terminate in whole or in part any CPP Services or reduce the scope and duration of any of the CPP Services, by identifying which CPP Services it elects to so terminate or reduce by giving a Modification Notice to CPP at least 60 days prior to the effective date of any such termination or reduction. Any termination or reduction in CPP Services or Metris Services proposed pursuant to this paragraph 2.3 shall be subject to review by the Performance Review Committee (as defined in paragraph 14) which shall determine the reduction in fees and/or costs, as applicable, resulting from such termination or reduction. In the event the Performance Review Committee fails to reach a mutually acceptable resolution with respect to such reduction in fees and/or costs, the associated proposed termination or reduction shall not become effective and the Metris Services or CPP Services, as applicable, shall continue at then-current pricing levels.
Termination/Reduction. Borrower may at any time terminate, or from time to time reduce, the Loan Commitment; provided, each such reduction of the Loan Commitment shall be in an amount equal to $100,000 or a higher integral multiple of $25,000.
