Voluntary Reduction of Revolving Credit Facility. The Borrower shall have the right, at any time and from time to time, upon giving to the Agent not less than five (5) Banking Days prior written notice (which notice shall be irrevocable) to terminate in whole, or reduce the available unused portion of, the Revolving Credit Facility; provided, however, that each partial reduction shall be equal to or shall exceed One Hundred Thousand Dollars ($100,000) and shall be an integral multiple of One Hundred Thousand Dollars ($100,000). Upon any reduction of the Revolving Credit Facility as provided in this Section, each Lender's Commitment to make Revolving Credit Facility Advances shall be reduced pro rata.
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
