Common use of Voluntary Permanent Reduction or Termination Clause in Contracts

Voluntary Permanent Reduction or Termination. The Borrowers -------------------------------------------- may, through an Authorized Representative and upon at least five Banking Days' prior written notice to the Agent, terminate in whole or permanently reduce in part, as of the date specified in the notice, any then unused portion of the Total Commitment, provided that each partial reduction shall be in the minimum principal amount of $5,000,000 (and an integral multiple of $1,000,000). Any partial reduction shall ratably reduce each Lender's Commitment.

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

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Voluntary Permanent Reduction or Termination. The Borrowers -------------------------------------------- may, through an Authorized Representative the Parent’s Chief Financial Officer and upon at least five (5) Banking Days' prior written notice to the Agent, terminate in whole or permanently reduce in part, as of the date specified in the notice, any then unused portion of the Total Commitment, provided that each partial reduction shall be in the minimum principal amount of $5,000,000 2,000,000 (and an integral multiple of $1,000,000500,000). Any partial reduction shall ratably reduce each Lender's ’s Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ch2m Hill Companies LTD)

Voluntary Permanent Reduction or Termination. The Borrowers -------------------------------------------- may, through an Authorized Representative and upon at least five Banking Days' prior written notice to the Agent, terminate in whole or permanently reduce in part, as of the date specified in the notice, any then unused portion of the Total Commitment, provided that each partial reduction shall be in the minimum principal amount of $5,000,000 2,000,000 (and an integral multiple of $1,000,000500,000). Any partial reduction shall ratably reduce each Lender's ’s Commitment.

Appears in 1 contract

Samples: Agreement (Ch2m Hill Companies LTD)

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Voluntary Permanent Reduction or Termination. The Borrowers -------------------------------------------- may, through an Authorized Representative the Parent’s Chief Financial Officer and upon at least five Banking Days' prior written notice to the Agent, terminate in whole or permanently reduce in part, as of the date specified in the notice, any then unused portion of the Total Commitment, provided that each partial reduction shall be in the minimum principal amount of $5,000,000 2,000,000 (and an integral multiple of $1,000,000500,000). Any partial reduction shall ratably reduce each Lender's ’s Commitment.

Appears in 1 contract

Samples: Ch2m Hill Companies (Ch2m Hill Companies LTD)

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