Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the Agents, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 or any multiple of $50,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 8 contracts
Samples: Loan Agreement (Enstar Income Program Iv-1 Lp), Loan Agreement (Enstar Income Growth Program Five-B Lp), Credit Agreement (Falcon Holding Group Lp)
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 3 contracts
Samples: 364 Day Credit Agreement (Unumprovident Corp), Credit Agreement (Cd Radio Inc), Credit Agreement (Unumprovident Corp)
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate a minimum amount of $100,000 10,000,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unlessUNLESS, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans Total Outstandings would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to reduce the Commitment of each Bank Lender according to its Pro Rata Share. All If the Company terminates the Commitments or reduces the Commitments to zero, the Company shall pay all accrued commitment and unpaid interest, fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid and other amounts payable hereunder on the effective date of such reduction or termination.
Appears in 2 contracts
Samples: Long Term Credit Agreement (Republic Services Inc), Long Term Credit Agreement (Republic Services Inc)
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any a multiple of $50,000 1,000,000 in excess thereof; unlessUNLESS, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-then outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment facility fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 2 contracts
Samples: Credit Agreement (Ing Prime Rate Trust), Credit Agreement (Pilgrim America Prime Rate Trust)
Voluntary Termination or Reduction of Commitments. The Company Borrowers may, upon not less than five three Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unlessprovided, however, that after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-then- outstanding principal amount of the Loans would may not exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment facility fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 2 contracts
Samples: Credit Agreement (Phoenix Companies Inc/De), Credit Agreement (Phoenix Companies Inc/De)
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 1,000,000 or any multiple of $50,000 100,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' β prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 5,000,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 1,000,000 or any multiple of $50,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increasedincreased (including increases under Section 2.15). Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Samples: Credit Agreement (National Surgery Centers Inc \De\)
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000, or any multiple of $50,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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Voluntary Termination or Reduction of Commitments. The Company may, ------------------------------------------------- upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 5,000,000 in excess thereof; unless, ------ after giving effect thereto and to any prepayments of Loans made on the effective date thereofthereto, the then-Effective Amount of all L/C Obligations then outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effectCommitments. Once reduced in accordance with this Sectionsection, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment Facility Fee and letter of credit fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 5,000,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' β prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 5,000,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.05, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five four Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 2,500,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding aggregate principal amount of the all Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 3,000,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unless, after giving effect thereto and to any payments or prepayments of Loans made on the effective date thereof, the then-outstanding aggregate principal Dollar Equivalent amount of the all Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Samples: Credit Agreement (Cotter & Co)
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection , the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three (3) Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 1,000,000 or any multiple of $50,000 100,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 5,000,000 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 Effective Amount of the all Revolving Loans and L/C Obligations together would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment and letter of credit fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any integral multiple of $50,000 5,000,000 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 Effective Amount of the all Loans would exceed the amount of the combined Commitments Aggregate Commitment then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments Aggregate Commitment shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitmentsthe Aggregate Commitment, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.06, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of CommitmentsCommitments (calculated on the amount of such reduction or termination), shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unless, after giving effect thereto and to any payments or prepayments of Loans made on the effective date thereof, the then-outstanding aggregate principal Dollar Equivalent amount of the all Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Samples: Credit Agreement (Truserv Corp)
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 3,000,000 or any multiple of $50,000 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-then outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Sectionsubsection, the Commitments may not be increased, except as provided in Section 2.05(b). Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
Appears in 1 contract
Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 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 the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment facility fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.
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