Common use of Voluntary Reductions Clause in Contracts

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (United Dominion Realty Trust Inc), Credit Agreement (United Dominion Realty Trust Inc), 364 Day Credit Agreement (United Dominion Realty Trust Inc)

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Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by Borrower shall have the Borrower right, upon at least three (3) Business Days' prior written notice to the Administrative Agent, at any time to terminate the Commitments or from time to time to permanently reduce the Commitments, provided that (i) after giving effect the total of the Commitments shall not be reduced below an amount equal to any voluntary reduction the sum of the aggregate amount principal balance of the Loans shall not exceed the Aggregate Revolving Committed Amount, as reducedthen outstanding thereunder, and (ii) partial reductions any such reduction of the Commitments shall be in the minimum principal amount of $5,000,000, and in integral multiples 5,000,000 or such amount plus a whole multiple of $1,000,000 100,000 in excess thereof.

Appears in 2 contracts

Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc), Term Loan Agreement (New Plan Excel Realty Trust Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction reduction, the aggregate amount principal Dollar Amount (determined as of Loans the most recent Determination Date) of Obligations outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount Dollar Amounts of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Multi Year Revolving Credit Agreement (Nucor Corp), 364 Day Revolving Credit Agreement (Nucor Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by Borrower shall have the Borrower right, upon at least three (3) Business Days' prior written notice to the Administrative Agent, at any time to terminate the Commitments or from time to time to permanently reduce the Commitments, provided that (i) after giving effect the total of the Commitments shall not be reduced below an amount equal to any voluntary reduction the sum of the aggregate amount principal balance of the Revolving Credit Loans shall not exceed the Aggregate Revolving Committed Amount, as reducedthen outstanding thereunder, and (ii) partial reductions any such reduction of the Commitments shall be in the minimum principal amount of $5,000,000, and in integral multiples 5,000,000 or such amount plus a whole multiple of $1,000,000 100,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in a minimum principal amount of $5,000,0002,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Pca International Inc), Credit Agreement (Pca International Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, ; provided that (i) after giving effect to any voluntary reduction reduction, the aggregate principal amount of Loans shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount amounts of $5,000,00010,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Dial Corp /New/), 364 Day Credit Agreement (Dial Corp /New/)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions by the Borrower shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction reduction, the aggregate amount principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount Dollar Amounts of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Multi Year Revolving Credit Agreement (Nucor Corp), 364 Day Revolving Credit Agreement (Nucor Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or -------------------- permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving -------- effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Bridge Credit Agreement (Navigant International Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount principal Dollar Amount (determined as of the most recent Determination Date) of Loans shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount Dollar Amounts of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced on a pro rata basis by the Company in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction reduction, the aggregate principal amount of Loans outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced, reduced and (ii) partial reductions shall be in minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Multi Year Revolving Credit Agreement (Nucor Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or -------------------- permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving -------- effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in a minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Just for Feet Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans plus LOC Obligations outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (United Dominion Realty Trust Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Navigant International Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' Day’s prior written notice to the Administrative Agent, ; provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount amounts of $5,000,0003,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Hni Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate principal amount of Loans shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount amounts of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Universal Corp /Va/)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower may, upon three (3) not less than five -------------------- Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction terminate the Commitments, or permanently reduce the Commitments by an aggregate amount of Loans shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples 5,000,000 or any multiple of $1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of Outstanding Obligations would exceed the amount of the combined Commitments then in effect.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Apw LTD)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction reduction, the aggregate principal amount of Loans shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount amounts of $5,000,00010,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Obligations under Revolving Loans and the LOC Obligations outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in a minimum principal amount of $5,000,0002,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Pca International Inc)

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Voluntary Reductions. The Revolving Commitments may be -------------------- terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after -------- giving effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Amerisource Distribution Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans Revolving Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions by the Borrower shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (School Specialty Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Revolving Loans and the LOC Obligations outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in a minimum principal amount of $5,000,0001,000,000, and in integral multiples of $1,000,000 500,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Pca International Inc)

Voluntary Reductions. The Revolving Commitments hereunder may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative AgentBank, provided that (i) after giving effect to any such voluntary reduction the aggregate amount of Revolving Loans shall not exceed the Aggregate Revolving Committed Amount and the sum of LOC Obligations plus BA Obligations shall not exceed the LOC Committed Amount, as reduced, and (ii) 27 partial reductions shall be minimum principal amount of $5,000,0001,000,000, and in integral multiples of $1,000,000 100,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Action Performance Companies Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice by the Borrower to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction in the Revolving Commitments, the aggregate amount of Loans Revolving Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in a minimum principal amount of $5,000,000, 1,000,000 and in integral multiples of $1,000,000 100,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Railworks Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the lesser of (A) the Aggregate Revolving Committed Amount, as reduced, or (B) the Borrowing Base, and (ii) partial reductions shall be in a minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Railworks Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice by the Domestic Borrower to the appropriate Administrative Agent, provided that (i) after giving effect to any voluntary reduction in the aggregate amount of Loans shall not exceed Domestic Revolving Commitments, the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.aggregate

Appears in 1 contract

Samples: Credit Agreement (Railworks Corp)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced by the Borrower in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided ; PROVIDED that (i) after giving effect to any voluntary reduction reduction, the aggregate principal amount of Loans plus LOC Obligations outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in minimum principal amount amounts of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Dycom Industries Inc)

Voluntary Reductions. The Revolving Commitments may be -------------------- terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary -------- reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,0002,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Pediatric Services of America Inc)

Voluntary Reductions. The Revolving Commitments may be terminated -------------------- or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving -------- effect to any voluntary reduction the aggregate amount of Loans Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Navigant International Inc)

Voluntary Reductions. The Revolving Commitments may be terminated or permanently reduced in whole or in part by the Borrower upon three (3) Business Days' prior written notice to the Administrative Agent, provided that (i) after giving effect to any voluntary reduction reduction, the aggregate amount of Loans Revolving Obligations shall not exceed the Aggregate Revolving Committed Amount, as reduced, and (ii) partial reductions shall be in a minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Advance America, Cash Advance Centers, Inc.)

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