Common use of Terminations Clause in Contracts

Terminations. The Borrower shall have the right, at any time and from time to time, upon 3 Business Days prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter) the Commitment, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Cleveland Cliffs Inc), Credit Agreement (Cleveland Cliffs Inc)

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Terminations. The Borrower shall have the right, right at any time and from time to time, upon 3 one (1) Business Days Day prior notice to the Bank, to irrevocably terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter1,000,000) the Commitment, provided that the Commitment may not be so reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Great Western Bancorp, Inc.), Credit Agreement (Great Western Bancorp, Inc.)

Terminations. The Borrower shall have the right, at any time and from time to time, upon 3 5 (five) Business Days prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter500,000) the Commitment, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Accretive Health, Inc.), Credit Agreement (Accretive Health, Inc.)

Terminations. The Borrower shall have the right, at any time and from time to time, upon 3 Business Days prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter1,000,000) the Commitment, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Diamond Management & Technology Consultants, Inc.), Credit Agreement (Diamond Management & Technology Consultants, Inc.)

Terminations. The Borrower shall have the right, at any time and from time to time, upon 3 5 Business Days prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter2,500,000) the Commitment, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Woodhead Industries Inc)

Terminations. The Borrower shall have the right, right at any time and from time to time, upon 3 one (1) Business Days Day prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter500,000) the Commitment, provided that the Commitment may not be so reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Bancfirst Corp /Ok/)

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Terminations. The Borrower Borrowers shall have the rightprivilege, at any time and from time to time, upon 3 one Business Days Day’s prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter1,000,000) the Commitment, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Terminations. The Borrower shall have the right, at any time and from time to time, upon 3 Business Days prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter$ ) the Commitment, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement

Terminations. The Borrower Borrowers shall have the rightprivilege, at any time and from time to time, upon 3 three Business Days Days’ prior notice to the Bank, to terminate without premium or penalty and in whole or in part (but if in part, then in an amount not less than $5,000,000 and in multiples of $1,000,000 thereafter1,000,000) the Commitment, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans and Letters of Credit then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

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