Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 9 contracts
Samples: Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Medley Capital Corp), Senior Secured Revolving Credit Agreement (Sierra Income Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each partial reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.11, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 9 contracts
Samples: Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b2.07(b) shall be in a minimum amount of at least $1,000,000 (or an amount that is $5,000,000 or a larger multiple of less than $1,000,000 in excess thereof if the Commitments are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 7 contracts
Samples: Senior Secured Revolving Credit Agreement (Oaktree Strategic Credit Fund), Senior Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp), Senior Secured Revolving Credit Agreement (Oaktree Strategic Credit Fund)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each partial reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof (or, if less, the remaining amount of any Commitments) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Revolving Commitments.
Appears in 5 contracts
Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof 5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans in accordance with Section 2.082.11, the sum of the total Revolving Credit Exposures Syndicated Loans plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 4 contracts
Samples: Credit Agreement (Harte Hanks Inc), Credit Agreement (Harte Hanks Inc), Credit Agreement (Harte Hanks Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof (or an amount less than $5,000,000 if the Commitments are being reduced to zero), and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 4 contracts
Samples: Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b2.07(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 100,000 in excess thereof (or an amount less than $5,000,000 if the Commitments are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 4 contracts
Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each partial reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 4 contracts
Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (New Communications Holdings Inc.)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 1,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 4 contracts
Samples: Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp), Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp), Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 3,000,000 or a larger multiple of $1,000,000 100,000 in excess thereof (or an amount less than $3,000,000 if the Commitments are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Capitala Finance Corp.), Senior Secured Revolving Credit Agreement (Capitala Finance Corp.), Senior Secured Revolving Credit Agreement (Capitala Finance Corp.)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 (or, if less, the entire remaining amount of the Commitments) or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement, Senior Secured Revolving Credit Agreement (Resource Capital Corp.), Senior Secured Revolving Credit Agreement (Resource Capital Corp.)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.081.9, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 3 contracts
Samples: Revolving Loan Facility Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co)
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 €2,000,000 or a larger multiple of $€1,000,000 in excess thereof and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.10, the total aggregate Revolving Credit Exposures of all Lenders would exceed the total Commitmentsaggregate Commitments of all Lenders.
Appears in 3 contracts
Samples: Credit Agreement (WestRock Co), Credit Agreement (WestRock Co), Credit Agreement (WestRock Co)
Voluntary Termination or Reduction. The Borrower may at any time time, without premium or penalty, terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof 5,000,000 and not less than $15,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.11, the total Revolving sum of the Credit Exposures would exceed the total Commitments.
Appears in 3 contracts
Samples: Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (American Realty Capital Trust V, Inc.), Credit Agreement (American Realty Capital Global Trust, Inc.)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; , provided that (i) each reduction of the Revolving Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof and not less than $2,000,000 and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.082.11, the total sum of the Revolving Credit Exposures would exceed the total Revolving Commitments.
Appears in 3 contracts
Samples: Credit Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that (i) each reduction of the Revolving Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.081.9, the total Revolving Credit Exposures would exceed the total Revolving Commitments.
Appears in 3 contracts
Samples: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co), Joinder Agreement (Macerich Co)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 3,000,000 or a larger multiple of $1,000,000 in excess thereof 500,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 3 contracts
Samples: Credit Agreement (First American Corp), Credit Agreement (First American Corp), Credit Agreement (First American Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments5,000,000.
Appears in 2 contracts
Samples: Term Loan Agreement (Harte Hanks Inc), Revolving Loan Agreement (Harte Hanks Inc)
Voluntary Termination or Reduction. The Borrower may at any time ---------------------------------- prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 5,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Nevada Power Co)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the CommitmentsCommitments of any Class; provided that (i) each partial reduction of the Commitments of any Class pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 3,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Revolving Credit Loans in accordance with Section 2.082.10, the total Revolving Credit Exposures Exposure would exceed the total Revolving Credit Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the CommitmentsCommitment; provided that (i) each reduction of the Commitments Commitment pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments Commitment if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.8, the sum of the total Revolving Credit Exposures would exceed the total CommitmentsCommitment.
Appears in 2 contracts
Samples: Credit Agreement (Alico, Inc.), Credit Agreement (Alico Inc)
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitments; provided PROVIDED that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 20,000,000 or a larger multiple of $1,000,000 in excess thereof 10,000,000 and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Xl Capital LTD), 364 Day Credit Agreement (Xl Capital LTD)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that (i) each reduction of the Revolving Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment or repayment of the Revolving Loans in accordance with Section 2.081.9, the total Revolving Credit Exposures would exceed the total Revolving Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof 5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitmentsless than $5,000,000.
Appears in 2 contracts
Samples: Bridge Loan Agreement (Newell Brands Inc), Term Loan Credit Agreement (Newell Rubbermaid Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 100,000 in excess thereof (or an amount less than $5,000,000 if the Commitments are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the CommitmentsCommitments of any Class; provided that (i) each reduction of the Commitments of any Class pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Revolving Credit Loans in accordance with Section 2.082.10, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Chart Industries Inc), Credit Agreement (Panamsat Corp /New/)
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the CommitmentsCommitments under any Tranche; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof 10,000,000 and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Washington Mutual Inc), 364 Day Credit Agreement (Washington Mutual Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple thereof of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09 or otherwise, the total Revolving Credit Exposures of all Lenders would exceed the total CommitmentsCommitments of all Lenders in effect after giving effect to such termination or reduction.
Appears in 2 contracts
Samples: Credit Agreement (Chugach Electric Association Inc), Credit Agreement (Chugach Electric Association Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the CommitmentsCommitment; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) Commitment shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments Commitment if, after giving effect to such termination or reduction and any concurrent prepayment of the Loans in accordance with Section 2.082.07, the total Revolving Credit Exposures aggregate principal amount of outstanding Loans would exceed the total CommitmentsCommitment.
Appears in 2 contracts
Samples: Working Capital Facility (Reliant Energy Inc), Working Capital Facility (Reliant Energy Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 3,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 2 contracts
Samples: Credit Agreement (First American Financial Corp), Credit Agreement (First American Financial Corp)
Voluntary Termination or Reduction. The Borrower may at any time prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is of $5,000,000 25,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate---------------------------------- prior to the Maturity Date termination, or from time to time reduce, the CommitmentsCommitment; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) Commitment shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof greater, and (ii) the Borrower shall not terminate or reduce the Commitments Commitment if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures aggregate of all Borrowings then outstanding would exceed the total CommitmentsCommitment.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.11, the total Revolving Credit Exposures Loans would exceed the total Commitments.
Appears in 1 contract
Samples: 364 Day Credit Agreement (Hearst Argyle Television Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 25,000,000 (or, if less, the entire remaining amount of the Commitments) or a larger multiple of $1,000,000 5,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (American Capital, LTD)
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each reduction of the Revolving Credit Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if1,000,000, after giving effect except for a reduction pursuant to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.Agreement
Appears in 1 contract
Samples: Credit Agreement (Isp Minerals LLC)
Voluntary Termination or Reduction. The Borrower may shall have the right ---------------------------------- to reduce permanently the Commitment in whole at any time terminatetime, or in part from time to time reducetime, the Commitmentswithout premium or penalty; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) Commitment shall be in an amount that is $5,000,000 2,000,000 or a larger multiple of $1,000,000 in excess thereof greater, and (ii) the Borrower shall not terminate or reduce the Commitments Commitment if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures aggregate of all Borrowings then outstanding would exceed the total CommitmentsCommitment.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.081.9, the total Revolving Credit Exposures would exceed the total CommitmentsCommitments minus the Reserve Amount.
Appears in 1 contract
Samples: Credit Agreement (Macerich Co)
Voluntary Termination or Reduction. The Borrower may at any time terminateprior ---------------------------------- to the Maturity Date termination, or from time to time reduce, the CommitmentsCommitment; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) Commitment shall be in an amount that is $5,000,000 2,000,000 or a larger multiple of $1,000,000 in excess thereof greater, and (ii) the Borrower shall not terminate or reduce the Commitments Commitment if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures aggregate of all Borrowings then outstanding would exceed the total CommitmentsCommitment.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the sum of the total Revolving Credit Exposures plus the total CHEL LC Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at ---------------------------------- any time prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) -------- shall be in an amount that is of $5,000,000 25,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Nevada Power Co)
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 2,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.10, the total aggregate Revolving Credit Exposures of all Lenders would exceed the total Commitmentsaggregate Commitments of all Lenders.
Appears in 1 contract
Samples: Credit Agreement (WestRock Co)
Voluntary Termination or Reduction. The At any time during the Availability Period, the Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments5,000,000.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the CommitmentsCommitments of any Class; provided that (i) each reduction of the Commitments of any Class pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.11, the total aggregate amount of the Lenders’ Revolving Credit Exposures would exceed the total aggregate amount of the Revolving Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time ---------------------------------- prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an -------- amount that is of $5,000,000 25,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof and not less than $10,000,000, (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.11, the sum of the total Revolving Credit Exposures would exceed the total CommitmentsCommitments and (iii) terminations and/or reductions may not be made more than one (1) time in any given calendar quarter.
Appears in 1 contract
Samples: Credit Agreement (Nationwide Health Properties Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 2,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans in accordance with Section 2.082.11, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 100,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments100,000.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each partial reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitmentsthereof.
Appears in 1 contract
Samples: Credit Agreement (Best Buy Co Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 1,000,000 or a larger multiple of $1,000,000 in excess thereof (or, if less, the entire remaining aggregate amount of Commitments) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans in accordance with Section 2.082.10, the total Revolving Credit Exposures would exceed the total CommitmentsCommitments or, unless the Borrower is terminating the Commitments in their entirety, the Net Liquidity would be less than $20,000,000.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (iexcept in the case of any such termination of the full amount of the Commitments) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments1,000,000.
Appears in 1 contract
Samples: Working Capital Agreement (Louisiana Generating LLC)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans Syndicated Advances in accordance with Section 2.082.10, the total Revolving Credit Exposures would exceed the total CommitmentsCommitments then in effect.
Appears in 1 contract
Samples: Credit Agreement (Capitalsource Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, terminate or from time to time reduce, reduce the Commitments; provided that (i) each reduction of the such Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments ifor, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08if less, the total Revolving Credit Exposures would exceed the total remaining amount of any Commitments).
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any ---------------------------------- time terminate, or from time to time reduce, the Commitments; provided that (i) -------- each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 3,000,000 or a larger multiple of $1,000,000 in excess thereof 500,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided PROVIDED that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans in accordance with Section 2.082.09, the sum of the total Revolving Credit Exposures PLUS the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at ---------------------------------- any time prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is of $5,000,000 25,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Nevada Power Co)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the unused Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof and not less than $10,000,000 and (ii) the Borrower shall terminations and/or reductions may not terminate or reduce the Commitments if, after giving effect to be made more than one (1) time in any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitmentsgiven calendar quarter.
Appears in 1 contract
Samples: Term Loan Agreement (Nationwide Health Properties Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 25,000,000 or a larger multiple of $1,000,000 5,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans in accordance with Section 2.082.10, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Apollo Investment Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof 10,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.10, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Initial Commitments; provided that (i) each partial reduction of the Initial Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) or, if less, the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment remaining amount of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total relevant Initial Commitments).
Appears in 1 contract
Samples: Bridge Credit Agreement (Frontier Communications Corp)
Voluntary Termination or Reduction. The Parent Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each partial reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Parent Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.11, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Dillards Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 25,000,000 or a larger multiple of $1,000,000 in excess thereof 5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans in accordance with Section 2.082.10, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Brunswick Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Verio Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.08Section 2.09, the total Revolving Credit Exposures would exceed the total CommitmentsCommitments of all Lenders in effect after giving effect to such termination or reduction.
Appears in 1 contract
Samples: Credit Agreement (Chugach Electric Association Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 20,000,000 or a larger multiple of $1,000,000 in excess thereof 5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Gatx Capital Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section, other than any reduction made in connection with a Restricted Payment described in Section 2.06(b) 7.06(a), shall be in an amount that is $5,000,000 2,000,000 or a larger multiple of $1,000,000 in excess thereof 500,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the CommitmentsCommitments of any Class; provided that (i) each reduction of the Commitments of any Class pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 1,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Credit Facility Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Revolving Credit Facility Commitments.
Appears in 1 contract
Samples: Credit Agreement (CCPR Services Inc)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 25,000,000 (or, if less, the entire remaining amount of the Commitments) or a larger multiple of $1,000,000 5,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Ares Capital Corp)
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof 10,000,000 and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.10, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 2,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans in accordance with Section 2.082.10, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Cambrex Corp)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof 5,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.11, the total sum of the Revolving Credit Exposures would exceed the total CommitmentsAggregate Commitment.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b2.07(b) shall be in a minimum amount of at least $1,000,000 (or an amount that is $5,000,000 or a larger multiple of less than $1,000,000 in excess thereof if the Commitments are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the total Revolving Credit Exposures would exceed the total Commitments.. (49)
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp)
Voluntary Termination or Reduction. The Borrower may at any time ---------------------------------- terminate, or from time to time reduce, the Commitments; provided that (i) each -------- reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 3,000,000 or a larger multiple of $1,000,000 in excess thereof 500,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof 10,000,000 and (ii) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.09, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is of $5,000,000 25,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at any time ---------------------------------- prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in -------- an amount that is of $5,000,000 25,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower Borrowers may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that (i) each reduction of the Revolving Commitments pursuant to this Section 2.06(b) shall be in an a minimum amount that is of $5,000,000 or a larger multiple and integral multiples of $1,000,000 in excess thereof and (ii) the Borrower Borrowers shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.082.8, the total Revolving Credit Exposures would exceed the total CommitmentsAvailable Credit.
Appears in 1 contract
Voluntary Termination or Reduction. The Borrower may at ---------------------------------- any time prior to the Revolving Termination Date terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) -------- shall be in an amount that is of $5,000,000 10,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the total Revolving Credit Exposures would exceed the total Commitments.
Appears in 1 contract
Samples: Credit Agreement (Nevada Power Co)
Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; , provided that (i) each reduction of the Revolving Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger an integral multiple of $1,000,000 in excess thereof and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.082.10, the total sum of the Revolving Credit Exposures Loans and the LC Exposure would exceed the total Revolving Commitments.
Appears in 1 contract
Samples: Credit Agreement (Iowa Telecommunications Services Inc)