Voluntary Termination or Reduction of Commitments. The Borrower may, at any time, terminate, or from time to time reduce, the Commitments provided that each partial reduction of the Commitments shall be in an amount that is One Million Dollars ($1,000,000) or a larger multiple of Five Hundred Thousand Dollars ($500,000); provided that no such reduction shall reduce the Commitments such that the amount of Outstanding Principal exceeds the Total Loan Commitment.
Appears in 4 contracts
Samples: Loan Agreement (Vivint Solar, Inc.), Required Group Agent Action No. 2 (Solarcity Corp), Loan Agreement (Solarcity Corp)
Voluntary Termination or Reduction of Commitments. The Borrower may, at any time, terminate, or from time to time reduce, the Commitments provided that each partial reduction of the Commitments shall be in an amount that is One Million Dollars ($1,000,000) or a larger multiple of Five Hundred Thousand Dollars ($500,000); provided that no such reduction shall reduce the Commitments such that the amount of Outstanding Principal exceeds the Total Loan Commitment.
Appears in 3 contracts
Samples: Credit Agreement (Solarcity Corp), Loan Agreement (Solarcity Corp), Loan Agreement (Solarcity Corp)
Voluntary Termination or Reduction of Commitments. The Borrower may, at any time, terminate, or from time to time reduce, the Commitments provided Commitments; provided, that each partial reduction of the Commitments shall be in an amount that is One Five Million Dollars ($1,000,0005,000,000.00) or a larger multiple of Five Hundred Thousand Million Dollars ($500,0005,000,000.00); provided that no such reduction shall reduce the Commitments such that the amount of Outstanding Principal exceeds the Total Loan Commitment.
Appears in 3 contracts
Samples: Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.)
