Reduction of Commitment Prepayment of Loans Sample Clauses

Reduction of Commitment Prepayment of Loans. Section 2.05 of the Financing Agreement is hereby amended as follows:
AutoNDA by SimpleDocs
Reduction of Commitment Prepayment of Loans. (a) The Borrowers may at any time or from time to time and without penalty or premium reduce the Total Commitment to an amount (which may be zero) not less than the sum of the unpaid principal amount of all Loans then outstanding plus the principal amount of all Loans not yet made as to which ---- notice has been given by a Borrower under Section 2.03 hereof plus the Letter of ---- Credit Obligations at such time plus the stated amount of all Letters of Credit ---- not yet issued as to which a request has been made and not withdrawn. Any reduction shall be in an amount which is an integral multiple of $5,000,000. Reduction of the Total Commitment shall be made by providing not less than two Business Days' written notice (which notice shall be irrevocable) to such effect to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each Lender). Reductions of the Total Commitment are irrevocable and may not be reinstated. Each such reduction shall reduce the Commitment of each Lender proportionately in accordance with its Pro Rata Share.
Reduction of Commitment Prepayment of Loans. (a) Reduction of Commitments. ------------------------
Reduction of Commitment Prepayment of Loans. (a) The Total Commitment of the Lenders party to this Agreement on the Effective Date shall automatically terminate upon the making of the Loans on the Effective Date.
Reduction of Commitment Prepayment of Loans. (a) Reduction of Commitments.The Total Revolving Credit Commitment shall terminate on the Final Maturity Date. The Borrowers may reduce the Total Revolving Credit 67 Commitment to an amount (which may be zero) not less than the sum of (A) the aggregate unpaid principal amount of all Revolving Loans then outstanding, (B) the aggregate principal amount of all Revolving Loans not yet made as to which a Notice of Borrowing has been given by the Administrative Borrower under Section 2.02, (C) the Letter of Credit Obligations at such time and
Reduction of Commitment Prepayment of Loans. (a) The Borrowers may at any time or from time to time and without penalty or premium reduce the Total Commitment, the Total A Commitment or the Total B Commitment to an amount (which may be zero) not less than the sum of the unpaid principal amount of all Loans then outstanding with respect to such Commitment plus the principal amount of all Loans with respect to such ---- Commitment not yet made as to which notice has been given by a Borrower under Section 2.03 hereof plus in the case of the Total Commitment and the Total B ---- Commitment, the Letter of Credit Obligations at such time plus in the case of ---- the Commitment and the Total B Commitment, the stated amount of all Letters of Credit not yet issued as to which a request has been made and not withdrawn. Any reduction shall be in an amount which is an integral multiple of $5,000,000. Reduction of the Total Commitment, the Total A Commitment or the Total B Commitment shall be made by providing not less than two Business Days' written notice (which notice shall be irrevocable) to such effect to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each Lender). Reductions of the Total Commitment, the Total A Commitment or the Total B Commitment are irrevocable and may not be reinstated. Each such reduction shall reduce the Commitment of each Lender proportionately in accordance with its Pro Rata Share.
Reduction of Commitment Prepayment of Loans. (a) The Total Term Loan Commitment shall automatically terminate in full at 5:00 p.m. on the Effective Date. The Borrowers may at any time or from time to time and without penalty or premium reduce the Total Revolving Credit Commitment to an amount (which may be zero) not less than the sum of the unpaid principal amount of all Revolving Credit Loans then outstanding plus the principal amount of all Revolving Credit Loans not yet made as to which notice has been given by a Borrower under Section 2.03 hereof plus the Letter of Credit Obligations at such time plus the stated amount of all Letters of Credit not yet issued as to which a request has been made and not withdrawn. Any reduction shall be in an amount which is an integral multiple of $5,000,000. Reduction of the Total Revolving Credit Commitment shall be made by providing not less than two Business Days' written notice (which notice shall be irrevocable) to such effect to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each Lender). Reductions of the Total Revolving Credit Commitment are irrevocable and may not be reinstated. Each such reduction shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share.
AutoNDA by SimpleDocs
Reduction of Commitment Prepayment of Loans. Section 2.06 of the Financing Agreement is hereby further amended by (i) redesignating paragraph (i) of such section as paragraph "(k)", (ii) redesignating paragraph (j) of such section as paragraph "(l)", and (iii) adding the following new paragraphs (i) and (j):
Reduction of Commitment Prepayment of Loans. (a) Section 2.05(a) of the Financing Agreement is hereby amended by (i) deleting clause (ii) thereof and inserting the following in lieu thereof:
Reduction of Commitment Prepayment of Loans. (a) The second sentence of clause (i) of Section 2.5(a) is amended by deleting in its entirety the phrase ", without premium or penalty,".
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!