Common use of Voluntary Termination/Reduction of Commitments Clause in Contracts

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to:

Appears in 10 contracts

Samples: Credit Agreement (Healthcare Recoveries Inc), Credit Agreement (Royal Appliance Manufacturing Co), Credit Agreement (Calgon Carbon Corporation)

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Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, right to:

Appears in 7 contracts

Samples: Credit Agreement (Om Group Inc), Credit Agreement (Ferro Corp), Credit Agreement (Om Group Inc)

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' ’ prior irrevocable written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, right to:

Appears in 5 contracts

Samples: Credit Agreement (DPL Inc), Credit Agreement, Credit Agreement (Dayton Power & Light Co)

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the affected Lenders), the Borrower shall have the right, without premium or penalty, to:

Appears in 3 contracts

Samples: Credit Agreement (Stoneridge Inc), Credit Agreement (Fca of Ohio Inc), Credit Agreement (Hawk Corp)

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Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower Company shall have the rightright (on its own behalf and on behalf of all Borrowers), without premium or penalty, to:

Appears in 1 contract

Samples: Alternative Living Services Inc

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower Borrowers shall have the right, without premium or penalty, to:

Appears in 1 contract

Samples: Credit Agreement (Brush Engineered Materials Inc)

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