Common use of Voluntary Termination or Reduction Clause in Contracts

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among 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 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 of any Class in accordance with Section 2.08, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 8 contracts

Samples: Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Alcentra Capital Corp), Senior Secured (THL Credit, Inc.)

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Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each Class; 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 of any Class in accordance with Section 2.082.09, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 6 contracts

Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.), Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) 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 and (ii) the Borrower shall not terminate or reduce the Commitments of either Class if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 5 contracts

Samples: Credit Agreement (BlackRock Capital Investment Corp), Secured Revolving Credit Agreement (BlackRock Capital Investment Corp), Secured Revolving Credit Agreement (BlackRock Capital Investment Corp)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of a Class shall be in an amount that is $5,000,000 3,000,000 (or, if less, the entire remaining amount of the Commitments of any Class) or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Dollar Commitments or the Multicurrency Commitments if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 4 contracts

Samples: Form Of (SLR Investment Corp.), Senior Secured Credit Agreement (Solar Capital Ltd.), Senior Secured Credit Agreement (Solar Capital Ltd.)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each Class; 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 whole multiple of $1,000,000 100,000 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 of any Class in accordance with Section 2.082.09, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (FS Investment CORP), Senior Secured (FS Investment CORP), Credit Agreement (FS Investment Corp II)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of a Class shall be in an amount that is $5,000,000 25,000,000 (or, if less, the entire remaining amount of the Commitments of such Class) 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 of any Class if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, 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 (Apollo Investment Corp), Senior Secured (Apollo Investment Corp), Senior Secured (Apollo Investment Corp)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each ClassCommitments; 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 of any Class) 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 of any Class in accordance with Section 2.082.09, the total Revolving Credit Exposures of such either Class would exceed the total Commitments of such Class.

Appears in 3 contracts

Samples: Assignment and Assumption (Corporate Capital Trust, Inc.), Revolving Credit Agreement (Ares Capital Corp), Secured Revolving Credit Agreement (Ares Capital Corp)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of either Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of a Class 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 of either Class if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Apollo Investment Corp), Senior Secured Revolving Credit Agreement (Pennantpark Investment Corp)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any Class; , provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) 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 and (ii) the Borrower shall not terminate or reduce the Commitments of either Class if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 2 contracts

Samples: Assignment and Assumption (BlackRock Kelso Capital CORP), Senior Secured Revolving Credit Agreement (BlackRock Kelso Capital CORP)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each Class; 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 $5,000,000 (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 of any Class in accordance with Section 2.082.09, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Barings Capital Investment Corp), Senior Secured Revolving Credit Agreement (Barings Capital Investment Corp)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each Class; 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 of any Class in accordance with Section 2.082.09, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.. (c)

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of any Class 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 Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Loans of any Class in accordance with Section 2.082.11, the sum of the total Revolving Credit Exposures plus the aggregate principal amount of such Class outstanding Competitive Loans would exceed the total Revolving Credit Commitments of such Classand (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 ratably among each of any Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of a Class 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 of either Class if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 1 contract

Samples: Senior Secured (Solar Capital Ltd.)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of eitherany Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of a Class 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 of eitherany Class if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 1 contract

Samples: Senior Secured (Apollo Investment Corp)

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Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of a Class shall be in an amount that is $5,000,000 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 of either Class if, after giving effect to any concurrent prepayment of the Syndicated Loans of any such Class in accordance with Section 2.082.10, 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 Kelso Capital CORP)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each Class; 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 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 of any Class in accordance with Section 2.082.09, 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 (THL Credit, Inc.)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each Class; 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 1,000,000 or a larger whole multiple of $1,000,000 100,000 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 of any Class in accordance with Section 2.082.09, 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 (FS Energy & Power Fund)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among 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 a larger multiple of $1,000,000 100,000 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 of any Class in accordance with Section 2.08, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 1 contract

Samples: Senior Secured (Lafayette Square USA, Inc.)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any Class; , provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) of a Class shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 5,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Commitments of either Class if, after giving effect to any concurrent prepayment of the Syndicated Revolving Loans of any such Class in accordance with Section 2.082.10, the total Revolving Credit Exposures of such Class would exceed the total Revolving Commitments of such Class.

Appears in 1 contract

Samples: Credit Agreement (BlackRock Kelso Capital CORP)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b2.067(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 of any Class in accordance with Section 2.082.089, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

Appears in 1 contract

Samples: Pledge and Security Agreement (THL Credit, Inc.)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each of any 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 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 of any Class in accordance with Section 2.082.09, the total Revolving Credit Exposures of such either Class would exceed the total Commitments of such Class.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (FS Energy & Power Fund)

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments ratably among each 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 of any Class in accordance with Section 2.082.11, the total aggregate amount of the Lenders’ Revolving Credit Exposures of such Class would exceed the total Commitments aggregate amount of such Classthe Revolving Commitments.

Appears in 1 contract

Samples: Year Credit Agreement (Hearst Argyle Television Inc)

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