Common use of Voluntary Termination or Reduction Clause in Contracts

Voluntary Termination or Reduction. The Borrowers may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (ii) the Borrowers 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 2.09, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 5 contracts

Samples: Credit Agreement (Carlyle Group L.P.), Credit Agreement (Carlyle Group L.P.), Credit Agreement (Carlyle Group L.P.)

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Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments or Initial Term Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section or Initial Term Commitments shall be in an amount that is $5,000,000 or a whole an integral multiple of $1,000,000 in excess thereof and not less than $5,000,000 and (ii) the Borrowers 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 2.092.10, the total sum of the Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 3 contracts

Samples: Incremental Facility Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp), Credit Agreement (SPRINT Corp)

Voluntary Termination or Reduction. The Borrowers may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is $5,000,000 or a whole an integral multiple of $1,000,000 in excess thereof and not less than $5,000,000 and (ii) the Borrowers 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 2.092.10, the total sum of the Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Revolving Credit Commitments.

Appears in 2 contracts

Samples: Amendment No. 1 (Sprint Nextel Corp), Credit Agreement (Sprint Nextel Corp)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is $5,000,000 or a whole an integral multiple of $1,000,000 in excess thereof and not less than $5,000,000 and (ii) the Borrowers 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 2.092.10, the total sum of the Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans would exceed the total Revolving Credit Commitments.

Appears in 2 contracts

Samples: Amendment Agreement (Sprint Nextel Corp), Credit Agreement (Sprint Nextel Corp)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Loan Commitments; provided that (i) each partial reduction of the Revolving Credit Loan Commitments pursuant to this Section shall be in an amount that is $5,000,000 or a whole an integral multiple of $1,000,000 in excess thereof and not less than $5,000,000 (or lesser amount if the outstanding Revolving Loan Commitments are less) and (ii) the Borrowers Borrower shall not terminate or reduce the Revolving Credit Loan Commitments if, after giving effect to any concurrent prepayment of the Revolving Credit Loans in accordance with Section 2.092.10, the total Revolving Credit Exposures would exceed the total Revolving Credit Loan Commitments.

Appears in 1 contract

Samples: Credit Agreement (Afc Enterprises Inc)

Voluntary Termination or Reduction. The Borrowers may Borrower may, at any time time, terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is Five Million Dollars ($5,000,000 5,000,000.00) or a whole larger multiple of Five Hundred Thousand Dollars ($1,000,000 in excess thereof 500,000.00), and (ii) the Borrowers 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 2.092.08, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Greatbatch, Inc.)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminateterminate in whole, or from time to time reducereduce in part, the Revolving Credit CommitmentsCommitments of any Class (including the Commitments of any Series of Incremental Term Loans); provided that (i) each partial reduction of the Revolving Credit Commitments of any Class pursuant to this Section shall be in an amount that is $5,000,000 2,000,000 or a whole larger multiple of $1,000,000 in excess thereof and (ii) the Borrowers 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 2.09, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc /De/)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided PROVIDEd that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is One Million Dollars ($5,000,000 1,000,000) or a whole larger multiple of Five Hundred Thousand Dollars ($1,000,000 in excess thereof 500,000), and (ii) the Borrowers 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 2.09, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Wilson Greatbatch Technologies Inc)

Voluntary Termination or Reduction. The Borrowers may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is $5,000,000 or a whole larger multiple of $1,000,000 1,000,000, except for a reduction pursuant to Section 2.18(b) in excess thereof the amount of the Revolving Credit Commitment of a Replaced Lender, and (ii) the Borrowers 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 2.092.10, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Isp Minerals Inc /Ny/)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments or the Delayed Draw Term Loan Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments or the Delayed Draw Term Loan Commitments pursuant to this Section shall be in an amount that is $5,000,000 1,000,000 or a whole larger integral multiple of $1,000,000 100,000 in excess thereof and (ii) the Borrowers 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 2.092.10, the sum of the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

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Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit CommitmentsCommitments of any Class (including any Incremental Loan Commitments of any Class); provided that (i) each partial reduction of the Revolving Credit Commitments of such Class pursuant to this Section shall be in an amount that is $5,000,000 10,000,000 or a whole larger multiple of $1,000,000 in excess thereof 5,000,000 and (ii) the Borrowers 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 2.09, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is $5,000,000 10,000,000 or a whole larger multiple of $1,000,000 in excess thereof 5,000,000 and (ii) the Borrowers 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 2.09, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Voluntary Termination or Reduction. The Borrowers Company may at any time terminate, terminate or from time to time reduce, reduce the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is $5,000,000 20,000,000 or a whole larger multiple of $1,000,000 in excess thereof and (ii) the Borrowers Company 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 2.09, the total Revolving Credit Exposures would exceed sum of the total Revolving Credit Commitments plus the aggregate principal amount of outstanding Competitive Loans would exceed the Total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (International Paper Co /New/)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminateterminate in whole, or from time to time reducereduce in part, the Revolving Credit CommitmentsCommitments of any Class; provided that (i) each partial reduction of the Revolving Credit Commitments of any Class pursuant to this Section shall be in an amount that is $5,000,000 2,000,000 or a whole larger multiple of $1,000,000 in excess thereof and (ii) the Borrowers 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 2.09, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc /De/)

Voluntary Termination or Reduction. The Borrowers Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each partial reduction of the Revolving Credit Commitments pursuant to this Section shall be in an amount that is One Million Dollars ($5,000,000 1,000,000) or a whole larger multiple of Five Hundred Thousand Dollars ($1,000,000 in excess thereof 500,000), and (ii) the Borrowers 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 2.092.08, the total Revolving Credit Exposures would exceed the total Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Wilson Greatbatch Technologies Inc)

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