Common use of Voluntary Reductions of Revolving Loan Commitments Clause in Contracts

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 4 contracts

Samples: Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc)

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Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days’ irrevocable prior written or telephonic notice to Administrative Agent (and if given by telephone, promptly confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior ) (which written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 3 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Amount, unless the Revolving Loan Commitment is reduced to equal the Total Utilization of Revolving Loan Commitments, shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 1,000,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 3 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three two Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall be in the form of a Notice of Prepayment and shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitment Amount shall be effective on the date specified in Company’s notice and shall reduce the amount of the be in proportion to each Revolving Loan Commitment of each Lender proportionately to its Lender’s Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 3 contracts

Samples: Credit Agreement (Ruths Hospitality Group, Inc.), Credit Agreement (Ruths Hospitality Group, Inc.), Credit Agreement (Ruths Chris Steak House, Inc.)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days' prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 __________ and multiples of $100,000 __________ in excess of that amount. Company’s 's notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s 's notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4(b)(iv).

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days’ prior written or telephonic notice by Borrower confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined notice Agent will promptly transmit by Administrative Agent in its sole discretiontelefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 500,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied Share as specified more specifically provided in subsection 2.4A(iv2.4B(iv).

Appears in 2 contracts

Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 2,000,000 and integral multiples of $100,000 500,000 in excess of that amount. Company’s Borrower's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s Borrower's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 2 contracts

Samples: Credit Agreement (CFP Holdings Inc), Credit Agreement (CFP Holdings Inc)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided PROVIDED that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 500,000 in excess of that amount. Company’s Borrower's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s Borrower's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 2 contracts

Samples: Credit Agreement (Boyds Collection LTD), Credit Agreement (Boyds Collection LTD)

Voluntary Reductions of Revolving Loan Commitments. Company may, -------------------------------------------------- upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reductionreduction after giving effect to any concurrent repayment of Loans and Letter of Credit; provided that any such partial reduction of the Revolving -------- Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 5,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. Company’s 's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s 's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Anthony Crane Holdings Capital Corp), Credit Agreement (Anthony Crane Holdings Capital Corp)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three five Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 2,500,000 and multiples of $100,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 2 contracts

Samples: Credit Agreement (Unified Grocers, Inc.), Credit Agreement (Unified Grocers, Inc.)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 3,000,000 and multiples of $100,000 1,000,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 2 contracts

Samples: Credit Agreement (United Online Inc), Credit Agreement (United Online Inc)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 500,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 2 contracts

Samples: Credit Agreement (Propex Fabrics Inc.), Credit Agreement (Propex International Holdings II Inc.)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitment Amount shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 2 contracts

Samples: Credit Agreement (Bare Escentuals Inc), Credit Agreement (Bare Escentuals Inc)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Agent at the Notice Office (which notice Administrative Agent in its sole discretionwill promptly transmit to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 500,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary Share provided that a notice of reduction in respect of the all outstanding Revolving Loan Commitment Amount shall Commitments delivered by Company may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be applied as revoked by Company (by notice to Administrative Agent on or prior to the specified in subsection 2.4A(iv)effective date) if such condition is not satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Alliance HealthCare Services, Inc), Credit Agreement (Alliance HealthCare Services, Inc)

Voluntary Reductions of Revolving Loan Commitments. Company -------------------------------------------------- may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving -------- Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount. Company’s 's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s 's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Wec Co)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three two Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 500,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Ruths Chris Steak House, Inc.)

Voluntary Reductions of Revolving Loan Commitments. Company Borrowers -------------------------------------------------- may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Revolving Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount -------- Commitments shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 500,000 in excess of that amount. Company’s Borrowers' notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s Borrowers' notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Amf Bowling Worldwide Inc)

Voluntary Reductions of Revolving Loan Commitments. Company The Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing given to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by the Administrative Agent in its sole discretionby 12:00 Noon (New York time) on the date required, at any time and from time to time, without premium or penalty, terminate in whole or permanently reduce in part, without premium or penalty, part the Revolving Loan Commitment Amount in an amount up to Commitments; provided that (a) the amount by which Borrower may not terminate or reduce the Revolving Loan Commitment Amount exceeds Commitments to an amount less than the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that and (b) any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount. CompanyThe Borrower’s notice to the Administrative Agent (who will promptly notify each Lender of such notice) shall designate (x) the date (which shall be a Business Day) of such termination or reduction reduction, and (y) the amount of any partial reductionsuch reduction or termination. Notice of such reduction or termination having been given as aforesaid, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Companythe Borrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to by its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv)Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Switch & Data, Inc.)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three (3) Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by facsimile or telephone to each Revolving Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of One Hundred Thousand Dollars ($1,000,000 100,000) and multiples of One Hundred Thousand Dollars ($100,000 100,000) in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Courtside Acquisition Corp)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon --------------------------------------------------- not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reductionreduction after giving effect to any concurrent repayment of Revolving Loans and Letter of Credit; provided that any -------- such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 5,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. Company’s 's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s 's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Anthony Crane Rental Lp)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 250,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Maidenform Brands, Inc.)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 3,000,000 and multiples of $100,000 1,000,000 in excess of that amountamount (or if less than $1,000,000, the amount of the Revolving Loan Commitments). Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4B(v).

Appears in 1 contract

Samples: Credit Agreement (United Online Inc)

Voluntary Reductions of Revolving Loan Commitments. Company The Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined consented to by the Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 1,000,000 in excess of that amount. CompanyThe Borrower’s notice to the Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Companythe Borrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Jones Financial Companies LLLP)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three two Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Ruths Chris Steak House, Inc.)

Voluntary Reductions of Revolving Loan Commitments. Company Borrowers may, upon not less no fewer than three five Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, either (a) terminate all of the Revolving Loan Commitments in whole or (b) permanently reduce the Revolving Loan Commitment Amount in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 500,000 and multiples of $100,000 250,000 in excess of that amount. Company’s Borrowers’ notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s Borrowers’ notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three five Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, Agent or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 2,000,000 and multiples of $100,000 500,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Chase Co-Administrative Agent in its sole discretion(which notice Chase Co-Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 250,000 in excess of that amount. Company’s 's notice to Chase Co-Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s such notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv).2.4C.

Appears in 1 contract

Samples: Credit Agreement (Outsourcing Solutions Inc)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).Lender

Appears in 1 contract

Samples: Credit Agreement (Ameriprise Financial Inc)

Voluntary Reductions of Revolving Loan Commitments. Company -------------------------------------------------- may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Agent (which notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount -------- Commitments shall be in an aggregate minimum amount of $1,000,000 500,000 and integral multiples of $100,000 250,000 in excess of that amount. Company’s 's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s such notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv).2.4C.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc /De/)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 5,000,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

Voluntary Reductions of Revolving Loan Commitments. Company The Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined consented to by the Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 1,000,000 in excess of that amount. CompanyThe Borrower’s notice to the Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Companythe Borrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection Subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Jones Financial Companies LLLP)

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Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon Agent who shall promptly notify each Revolving Lender of such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 5,000,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv2.4B(iii).

Appears in 1 contract

Samples: Credit Agreement (Newmarket Corp)

Voluntary Reductions of Revolving Loan Commitments. Company The Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed by the Borrower in writing to the Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by the Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 1,000,000 in excess of that amount. CompanyThe Borrower’s notice to the Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Companythe Borrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4A(v).

Appears in 1 contract

Samples: Credit Agreement (Mosaic Co)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penaltypenalty (other than pursuant to subsection 2.6D), the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization aggregate amount of all outstanding Revolving Loan Commitments Loans at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 3,000,000 and integral multiples of $100,000 in excess of that amount. Company’s 's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s 's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Atlas Air Inc)

Voluntary Reductions of Revolving Loan Commitments. Company The Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, the Agent (which notice the Agent will promptly transmit by telefacsimile or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretiontelephone to each Bank), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the sum of (i) Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reductionreduction PLUS (ii) $2,000,000; provided PROVIDED that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 250,000 and integral multiples of $100,000 50,000 in excess of that amount. Company’s The Borrower's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s such notice and shall reduce the amount of the Revolving Loan Commitment of each Lender Bank proportionately to its Pro Rata ShareCommitment Percentage. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv)Section 2.4.3.

Appears in 1 contract

Samples: Loan Agreement (Safety 1st Inc)

Voluntary Reductions of Revolving Loan Commitments. Company may, -------------------------------------------------- upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount -------- Commitments shall be in an aggregate minimum amount that is an integral multiple of $1,000,000 and multiples of $100,000 in excess of that amount1,000,000. Company’s 's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s 's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Price Communications Wireless Inc)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, -------------------------------------------------- upon not less than three Business Days' irrevocable prior written or telephonic notice to Administrative Agent (and if given by telephone, promptly confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior ) (which written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such -------- partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. Company’s Borrower's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s Borrower's notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Grand Palais Riverboat Inc)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon Agent who shall promptly notify each Revolving Lender of such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 5,000,000 in excess of that amount. Company’s Borrower's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s Borrower's notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Ethyl Corp)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction The amount of the Revolving Loan Commitment Amount Commitments terminated or reduced hereunder shall not be applied as specified in subsection 2.4A(iv)reinstated.

Appears in 1 contract

Samples: Credit Agreement (La Quinta Properties Inc)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretion, will promptly transmit by telefacsimile or telephone to each Lender) at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 500,000 in excess of that amount. Company’s Borrower's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s Borrower's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Voluntary Reductions of Revolving Loan Commitments. Company --------------------------------------------------- may, upon not less than three (3) Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ ' prior written or telephonic notice, as determined by promptly confirmed in writing to the Administrative Agent in its sole discretion(which notice the Administrative Agent will promptly transmit by facsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount -------- Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount. Company’s 's notice to the Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s such notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).2.4C.

Appears in 1 contract

Samples: Credit Agreement (Microclock Inc)

Voluntary Reductions of Revolving Loan Commitments. Company The Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 1,000,000 in excess of that amount. CompanyThe Borrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Companythe Borrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4A(iv)(b).

Appears in 1 contract

Samples: Credit Agreement (Unitrin Inc)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days’ irrevocable prior written or telephonic notice to Administrative Agent (and if given by telephone, promptly confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior ) (which written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv)Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Voluntary Reductions of Revolving Loan Commitments. Company -------------------------------------------------- may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount -------- Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. Company’s 's notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s 's notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, at any time after September 30, 2005, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without together with any premium or penaltypayable pursuant to subsection 2.4C(ii), the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Boyds Collection LTD)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Revolving Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 1,000,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction A notice of termination of the Revolving Loan Commitment Amount shall Commitments delivered by the Company may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be applied as revoked by the Company by notice to the Administrative Agent on or prior to the specified in subsection 2.4A(iv)date if such condition is not satisfied.

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

Voluntary Reductions of Revolving Loan Commitments. Company The Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed by the Borrower in writing to the Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by the Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an Table of Contents amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $1,000,000 5,000,000 and multiples of $100,000 1,000,000 in excess of that amount. CompanyThe Borrower’s notice to the Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Companythe Borrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv2.4A(v).

Appears in 1 contract

Samples: Credit Agreement (Mosaic Co)

Voluntary Reductions of Revolving Loan Commitments. Company Borrower may, upon not less than three Business Days’ irrevocable prior written or telephonic notice to Administrative Agent (and if given by telephone, promptly confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior ) (which written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit to each Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 1,000,000500,000 and integral multiples of $100,000 1,000,000100,000 in excess of that amount. CompanyBorrower’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in CompanyBorrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in subsection 2.4A(iv)Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior Agent (which original written or telephonic notice, as determined by notice Administrative Agent in its sole discretionwill promptly transmit by telefacsimile or telephone to each Revolving Lender), at any time and from time to time, time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount Commitments in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount Commitments shall be in an aggregate minimum amount of $1,000,000 and multiples of $100,000 1,000,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective on the date specified in Company’s notice and shall reduce the amount of the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitment Amount Commitments shall be applied as specified in subsection 2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

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