Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Samples: Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 US$5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Samples: Pledge and Security Agreement (Genco Shipping & Trading LTD), Pledge and Security Agreement (Genco Shipping & Trading LTD)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in an aggregate principal amount of at least $5,000,000 and in integral multiples of $1,000,000 in the case of any partial reductions theretoin excess of $5,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Samples: Credit Agreement (Todco)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of $1,000,000 5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderLender with such a Commitment.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Total Unutilized Revolving Loan Commitment of each Lender.Loan
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Samples: Credit Agreement (Too Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto1,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ ' prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions theretoto the Total Unutilized Commitment, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three four Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 and a minimum amount of $5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, Commitments in whole or in partpart prior to the Commitment Termination Date, in integral multiples of $1,000,000 in the case of partial reductions theretoto the Commitments provided that, provided that in each case, such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment Commitments of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, right at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized A-2 Term Loan Commitment, in whole or in part, Commitment in integral multiples of $1,000,000 in the case of partial reductions thereto1,000,000, provided that each any such reduction shall apply to proportionately to and permanently reduce the Revolving A-2 Term Loan Commitment of each Lenderof the Lenders with such a Commitment.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Revolving Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Revolving Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three two Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, 1,000,000; provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolv- ing Loan Commitment, in whole or in part, pursuant to this Section 3.02(a), in an amount equal to at least $2,000,000 and in integral multiples of $1,000,000 in excess thereof, in the case of partial reductions theretoto the Total Unutilized Revolving Loan Commitment, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolving Loan CommitmentCommitment in whole, in whole or reduce it in part, in an integral multiples multiple of $1,000,000 in the case of partial reductions thereto10,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolving Loan Commitment, in whole or in part, pursuant to this Section 3.02(a), in an integral multiples multiple of $1,000,000 100,000, in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.Total
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Samples: Credit Agreement (Scot Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day's prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized First Priority Term Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving First Priority Term Loan Commitment of each LenderLender with such a Commitment.
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Samples: General Maritime Corp/
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolving Loan CommitmentCommitment in whole, or reduce it in whole or part in part, in an integral multiples multiple of $1,000,000 in the case of partial reductions thereto1,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three two Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, 1,000,000; provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
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Samples: Security Agreement (Eldertrust)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day's prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderLender with a Revolving Loan Commitment.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.Total Unutilized
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Samples: Pledge Agreement (Doubletree Corp)
Voluntary Termination of Unutilized Commitments. (a) Upon The Company shall have the right, without premium or penalty and upon at least three two Business Days’ ' prior notice to the Administrative Agent at its Notice Office (Office, which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penaltyBanks, to terminate or reduce the Total Unutilized Loan Commitment, in whole or in part, in integral multiples of $1,000,000 5,000,000 in the case of partial reductions thereto, to the Total Unutilized Commitment; provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
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