Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each Class; provided that (i) each reduction of the Commitments shall be in an amount that is $5,000,000 (or, if less, the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 in excess thereof (or the entire amount of the Commitments of such Class) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, immediately after giving effect to any concurrent prepayment of the Loans of any Class in accordance with Section 2.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund)
Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each ClassCommitments; provided that (i) each reduction of the Commitments shall be in an amount that is $5,000,000 25,000,000 (or, if less, the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 5,000,000 in excess thereof (or the entire amount of the Commitments of such Class) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, immediately after giving effect to any concurrent prepayment of the Loans of any Class in accordance with Section 2.102.09, the total Revolving Credit Exposures of such either Class would exceed the total Commitments of such Class.
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Ares Capital Corp), Senior Secured Revolving Credit Agreement (Ares Capital Corp), Senior Secured Revolving Credit Agreement (Ares Capital Corp)
Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each of any Class; provided that (i) each reduction of the Commitments of any Class pursuant to this Section shall be in an amount that is $5,000,000 (orU.S.$3,000,000 or a larger multiple of U.S.$100,000, if less, or the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 in excess thereof (or the entire amount of the Commitments of such Class) Class and (ii) except as provided in Section 2.08(d) (but subject to Section 2.10(c)), the Borrower shall not terminate or reduce the Revolving Commitments if, immediately after giving effect to any concurrent prepayment of the Revolving Loans of any Class in accordance with Section 2.10, the total Revolving Credit Exposures of such Class Exposure would exceed the total Commitments of such ClassRevolving Commitments.
Appears in 3 contracts
Samples: Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)
Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each Classof either Class of Commitment; provided that (i) each reduction of the Commitments of a Class shall be in an amount that is $5,000,000 (or, if less, the entire remaining amount of the Commitments of any such Class) or a larger multiple of $1,000,000 5,000,000 in excess thereof (or or, if less, the entire amount of the Commitments of such Class) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments of either Class if, immediately after giving effect to any concurrent prepayment of the Loans of any such Class in accordance with Section 2.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement and Guarantee and Security Agreement (Crescent Capital BDC, Inc.), Secured Revolving Credit Agreement (Crescent Capital BDC, Inc.), Revolving Credit Agreement (Crescent Capital BDC, Inc.)
Voluntary Termination or Reduction. The So long as no Borrowing Request is outstanding, the Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each Class; 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, if less, the entire remaining amount of the Commitments of any Class) or a larger whole multiple of BUSINESS.29745768.5 $1,000,000 100,000 in excess thereof (or the entire an amount of less than $5,000,000 if the Commitments of such Classany Class are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, immediately after giving effect to any concurrent prepayment of the Loans of any Class in accordance with Section 2.102.08, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.
Appears in 2 contracts
Samples: Credit Agreement (BlackRock TCP Capital Corp.), Credit Agreement (BlackRock TCP Capital Corp.)
Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each of any Class; provided that that, except for any terminations and/or reductions made pursuant to Section 2.18(b), (i) each reduction of the Commitments of a Class shall be in an amount that is $5,000,000 (or, if less, the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 5,000,000 in excess thereof (or the entire amount of the Commitments of such Class) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments of either Class if, immediately after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.
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Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each of any Class; provided that (i) each reduction of the Commitments of any Class pursuant to this Section shall be in an amount that is $5,000,000 (orU.S.$3,000,000 or a larger multiple of U.S.$100,000, if less, or the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 in excess thereof (or the entire amount of the Commitments of such Class) Class and (ii) except as provided in Section 2.08(d) (but subject to Section 2.10(c)), the Borrower shall not terminate or reduce the Revolving Commitments of any Class if, immediately after giving effect to any concurrent prepayment of the Revolving Loans of any such Class of in accordance with Section 2.10, the total Revolving Credit Exposures of such Class would exceed the total Revolving Commitments of such Class.
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Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each of either Class; provided that (i) each reduction of the Commitments of a Class shall be in an amount that is $5,000,000 10,000,000 (or, if less, the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 in excess thereof (or the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Commitments of either Class if, immediately after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.. Any such reduction of the Commitments below the aggregate principal amount of the Swingline Loans permitted under
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.)
Voluntary Termination or Reduction. The TheSo long as no Borrowing Request is outstanding, the Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each Class; 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, if less, the entire remaining amount of the Commitments of any Class) or a larger whole multiple of $1,000,000 100,000 in excess thereof (or the entire an amount of less than $5,000,000 if the Commitments of such Classany Class are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, immediately after giving effect to any concurrent prepayment of the Loans of any Class in accordance with Section 2.102.08, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.
Appears in 1 contract
Voluntary Termination or Reduction. The So long as no Borrowing Request is outstanding, the Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each Class; 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, if less, the entire remaining amount of the Commitments of any Class) or a larger whole multiple of $1,000,000 100,000 in excess thereof (or the entire an amount of less than $5,000,000 if the Commitments of such Classany Class are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, immediately after giving effect to any concurrent prepayment of the Loans of any Class in accordance with Section 2.102.08, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.)
Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments ratably among (and within) each Class; provided that (i) each reduction of the Commitments shall be in an amount that is $5,000,000 (or, if less, the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 in excess thereof (or the entire amount of the Commitments of such Class) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, immediately after giving effect to any concurrent prepayment of the Loans of any Class in accordance with Section 2.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Blackstone / GSO Secured Lending Fund)