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).
Appears in 4 contracts
Samples: Credit Agreement (Bottling Group LLC), Credit Agreement (Pepsi Bottling Group Inc), Credit Agreement (Bottling Group LLC)
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 Competitive Bid Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c).
Appears in 4 contracts
Samples: Extension Agreement (Pepsi Bottling Group Inc), Extension Agreement (Bottling Group LLC), Day Credit Agreement (Pepsi Bottling Group Inc)
Termination Reduction or Increase of the Commitments. (a) Termination or Ratable Reduction by the Company. 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 10,000,000 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 Competitive Bid Advances then outstanding. The aggregate amount of the Commitments, and (y) once terminatedreduced or terminated as provided in this Section 2.05(a), a portion of a Commitment shall may not be reinstated reinstated, except pursuant to as provided in Section 2.05(c)) below.
Appears in 2 contracts
Samples: Credit Agreement (Hershey Foods Corp), Day Credit Agreement (Hershey Foods Corp)
Termination Reduction or Increase of the Commitments. (a) The Company shall have the right, upon at least three Business Days' β 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 sum of the aggregate principal amount of the Advances then outstanding, plus the Aggregate L/C Exposure, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c2.07(c).
Appears in 2 contracts
Samples: Credit Agreement (Bottling Group LLC), Credit Agreement (Pepsi Bottling Group Inc)
Termination Reduction or Increase of the Commitments. (a) The Company shall have the right, upon at least three Business Days' notice (or one Business Day's notice if there have been no Advances) 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 Competitive Bid Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c)reinstated.
Appears in 1 contract
Samples: Pepsi Bottling Group Inc