Termination, Reduction and Increase of Revolving Commitments Sample Clauses

Termination, Reduction and Increase of Revolving Commitments. (a) Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Maturity Date.
Sample 1Sample 2Sample 3See All (13)
AutoNDA by SimpleDocs
Termination, Reduction and Increase of Revolving Commitments. (a) Unless previously terminated, the Term Commitments shall terminate upon the earlier of (i) the making of the Term Loans on the Term Loan Funding Date or (ii) March 14, 2006, and the Revolving Commitments (together with the Letter of Credit Commitment) shall terminate on the last day of the Availability Period.
Sample 1
Termination, Reduction and Increase of Revolving Commitments 
Sample 1Sample 2Sample 3See All (6)

Related to Termination, Reduction and Increase of Revolving Commitments

  • Termination Reduction or Increase of the Commitments (a) The Company shall have the right, upon at least three Business Days' notice to the 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 $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that (x) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!