Termination/Reduction of Commitments. (a) The Borrower shall have the right to terminate this Agreement prior to the originally scheduled Maturity Date by providing the Administrative Agent with ten (10) days’ written notice of the Borrower’s intention to terminate this Agreement (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 Credit Extension hereunder, and (ii) the Borrower shall be obligated on the Borrower Termination Date to (x) 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 one hundred three percent (103%) of 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 of Commitments. (a) The Borrower may at any time prior to the Maturity Date, terminate the Total Commitment in full by giving three Business Days' prior written notice thereof to the Banks. A termination of the Total Commitment shall be accompanied by the repayment in full of the Revolving Credit Loans, the Swing Line Loans and the cash collateralization of the Bankers' Acceptances then outstanding, the payment in full of all interest and fees due hereunder, and the deposit with the Administrative Agent of cash collateral in an amount equal to the Maximum Drawing Amount of all Letters of Credit then outstanding pursuant to cash collateral arrangements in form and substance satisfactory to the Administrative Agent.
Termination/Reduction of Commitments. (a) The Commitments shall be automatically and permanently terminated on the Maturity Date.
Termination/Reduction of Commitments. (a) ERC US shall have the right, upon not less than five Business Days' written notice to the Agent, to terminate the Revolving Loan Commitments or, from time to time, to reduce the amount of such Commitments, provided that at no time may the Revolving Loan Commitments be reduced by the Borrower to an amount less than the sum of the outstanding principal amount of Revolving Credit Loans. Any such reduction shall be in an amount equal to $1,000,000 or a whole multiple of $250,000 in excess thereof and shall reduce permanently the Revolving Loan Commitments then in effect. Any such reduction in the Revolving Loan Commitment shall be binding on the Subsidiary Borrowers whether or not they have notice thereof.
Termination/Reduction of Commitments. Each NM Lender’s Commitment Amount shall be automatically and permanently reduced on each date on which a Borrowing is made under Section 2.2 by an aggregate amount equal to such NM Lender’s ratable portion of the Borrowing made on such date and all Commitment Amounts shall automatically and permanently terminate at the end of the third (3rd) Business Day following the Final Order Entry Date.
Termination/Reduction of Commitments. (a) GSI shall have the right, upon not less than five Business Days' written notice to the Agent, to terminate the Revolving Loan Commitments or, from time to time, to reduce the amount of such Commitments, provided that at no time may the Revolving Loan Commitments be reduced by the Borrower to an amount less than the sum of the outstanding principal amount of Revolving Credit Loans and Letter of Credit Outstandings. Any such reduction shall be in an amount equal to $1,000,000 or a whole multiple of $50,000 in excess thereof and shall reduce permanently the Revolving Loan Commitments then in effect. Any such reduction in the Revolving Loan Commitment shall be binding on the Subsidiary Borrowers whether or not they have notice thereof.
Termination/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 [CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO THE FREEDOM OF INFORMATION ACT] prepayments of the Loans made on the effective date thereof, the Total Extensions of Credit would exceed the Total Commitments. In the event that the Administrative Agent receives such notice, the Administrative Agent shall give notice thereof to the Lenders as soon as practicable thereafter. Any such reduction shall be in an amount equal to $100,000,000 or a whole multiple of $25,000,000 in excess thereof, and shall reduce permanently the Commitments then in effect. Each notice delivered by the Borrower pursuant to this Section 2.4 shall be irrevocable; provided, that a notice to terminate any Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or a Change of Control, in which case, such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Notwithstanding the foregoing, the revocation of a termination notice shall not affect the Borrower’s obligation to indemnify any Lender in accordance with Section 2.15 for any loss or expense sustained or incurred as a consequence thereof.
Termination/Reduction of Commitments. (a) At any time and from time to time, the Borrower may terminate in whole or reduce in part the Total Unutilized Commitment by giving the Agent written notice (by telecopier or otherwise), prior to 11:00 a.m., Charlotte time, at least five (5) Business Days prior to the proposed effective date of such termination or reduction, which notice shall specify the proposed effective date thereof (which shall be a Business Day) and the amount of any reduction; provided that any such reduction shall be in an aggregate amount of not less than $5,000,000 or, if greater, shall be in an integral multiple of $1,000,000 in excess thereof. Upon its receipt of any such notice of termination or reduction, the Agent will promptly notify each Lender thereof. Any such termination or reduction shall be effective on the date specified in such notice. The amount of any termination or partial reduction made under this subsection (a) may not thereafter be reinstated.
Termination/Reduction of Commitments. (a) Upon at least one (1) Business Day’s prior written notice to the Agent, the Borrower may at any time, in whole, permanently terminate or permanently reduce the Commitment, among the Lenders in accordance with their respective Pro Rata Share of Commitments; provided any such partial reduction of the Commitment shall be in minimum aggregate increments of Five Million Dollars ($5,000,000).
Termination/Reduction of Commitments
