Common use of Voluntary Termination of Commitment or Reduction of Purchase Limit Clause in Contracts

Voluntary Termination of Commitment or Reduction of Purchase Limit. Seller may, upon at least five Business Days' notice to the Agent, terminate the Commitment in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that (a) each partial reduction shall be in an amount equal to $5,000,000 or an integral multiple thereof, and (b) after giving effect to such partial reduction, the remaining Purchase Limit will not be less than $25,000,000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Amphenol Corp /De/)

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Voluntary Termination of Commitment or Reduction of Purchase Limit. Seller may, upon at least five Business Daysthirty days' notice to the Agent, terminate the Commitment Commitments in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that (ai) each partial reduction shall be in an amount equal to $5,000,000 1,000,000 or an integral multiple thereof, thereof and (bii) after giving effect to such partial reduction, the remaining Purchase Limit will not be less than $25,000,00010,000,000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Applied Power Inc)

Voluntary Termination of Commitment or Reduction of Purchase Limit. Seller Sellers' Representative may, upon at least five Business Daysthirty days' notice to the Agent, terminate the Commitment Commitments in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that (ai) each partial reduction shall be in an amount equal to $5,000,000 1,000,000 or an integral multiple thereof, thereof and (bii) after giving effect to such partial reduction, the remaining Purchase Limit will not be less than $25,000,00010,000,000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Applied Power Inc)

Voluntary Termination of Commitment or Reduction of Purchase Limit. Seller may, upon at least five Business Daysthirty days' notice to the Agent, terminate the Commitment in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that (ai) each partial reduction shall be in an amount equal to $5,000,000 or an integral multiple thereof, thereof and (bii) after giving effect to such partial reduction, the remaining Purchase Limit will not be less than $25,000,00050,000,000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Applied Power Inc)

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Voluntary Termination of Commitment or Reduction of Purchase Limit. Seller may, upon at least five Business Days15 days' written notice to the Administrative Agent, terminate the Commitment Commitments in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that (ai) each partial reduction shall be in an amount equal to $5,000,000 or an integral multiple thereof, thereof and (bii) after giving effect to such partial reduction, the remaining Purchase Limit will not be less than $25,000,00050,000,000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Terra Industries Inc)

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