Reduction of Revolving Commitments. The Revolving Commitments shall be reduced at the time and in the amounts required to be reduced pursuant to Section 4.4(c).
Reduction of Revolving Commitments. The Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the Administrative Agent and the Lenders, to terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments; provided that, each partial reduction shall be in the aggregate amount of $3,000,000 or an integral multiple of $1,000,000 in excess thereof. Any reduction or termination of the Revolving Commitments pursuant to this Section 2.4 shall be permanent, with no obligation of the Lenders to reinstate such Revolving Commitments and the Commitment Fees provided for in Section 2.3(a) shall thereafter be computed on the basis of the Revolving Commitments, as so reduced.
Reduction of Revolving Commitments. On the date of each reduction of the aggregate Revolving Commitments pursuant to Section 2.04, the Borrowers, jointly and severally, agree to make a prepayment in respect of the outstanding amount of the Revolving Advances to the extent, if any, that the aggregate unpaid principal amount of all Revolving Advances plus the Letter of Credit Exposure plus the outstanding principal amount of the Swing Line Advances exceeds the lesser of (i) the Revolving Commitments and (ii) the Borrowing Base.
Reduction of Revolving Commitments. In the event the Revolving Commitments are reduced in accordance with Section 2.4(a), the Borrower shall prepay the Advances to the extent the outstanding Advances plus the Letter of Credit Exposure exceed the reduced Revolving Commitments (or, upon payment in full of all outstanding Advances, to deposit with the Agent into the Cash Collateral Account an amount equal to the amount of the Letter of Credit Exposure which exceeds the Revolving Commitments as so reduced).
Reduction of Revolving Commitments. On the date of each reduction of the aggregate Revolving Commitments pursuant to Section 2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Revolving Advances to the extent, if any, that the aggregate unpaid principal amount of all Revolving Advances exceeds the Revolving Commitments, as so reduced. Each prepayment pursuant to this Section 2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.12 as a result of such prepayment being made on such date.
Reduction of Revolving Commitments. The Revolving Commitments shall be reduced at the time and in the amounts required to be reduced pursuant to Section 4.4(c), (d), (e), (f) and (g). On the Acquisition Revolver Conversion Date, the Revolving Commitments shall be reduced by an amount equal to the greater of (i) the aggregate principal amount of all outstanding Acquisition Term Loans on such date immediately after giving effect to the conversion of Acquisition Revolving Loans into Acquisition Term Loans on such date and (ii) $50,000,000.
Reduction of Revolving Commitments. Effective as of May 13, 2024, the Revolving Commitments shall be permanently reduced by an aggregate amount of $50,000,000 pursuant to and in accordance with Section 2.09(c) of the Credit Agreement, resulting in aggregate Revolving Commitments of $50,000,000, allocated to each Lender as set forth on Schedule 2.01 to the Credit Agreement (as amended hereby). The Administrative Agent and the Required Lenders hereby waive any notice of Commitment reductions required by Section 2.09(c) of the Credit Agreement.
Reduction of Revolving Commitments. The Borrower may at any time and from time to time reduce the Revolving Commitments or the Swingline Commitment; provided that (i) each reduction of the Revolving Commitments or the Swingline Commitment shall be in an amount that is at least equal to $1,000,000 or any greater multiple of $100,000, and (ii) the Borrower shall not reduce (A) the Revolving Commitments if, after giving effect to any concurrent repayment, the total Revolving Exposure would exceed the total Revolving Commitments or (B) the Swingline Commitment if, after giving effect to any concurrent repayment of the Swingline Loans in accordance with Section 2.5 or prepayment of the Loans in accordance with Section 2.9, the aggregate principal amount of outstanding Swingline Loans would exceed the Swingline Commitment, after giving effect to such termination or reduction. The Borrower shall notify the Agent of any election to reduce the Revolving Commitment or the Swingline Commitment no later than 11:00 a.m. three Business Days prior to the effective date of such reduction, specifying the effective date thereof. Each notice of reduction of the Revolving Commitment or the Swingline Commitment shall be irrevocable. Each reduction of the Revolving Commitment shall be permanent and shall be made ratably among the Revolving Lenders in accordance with their respective Revolving Commitments.
Reduction of Revolving Commitments. As of the Amendment Effective Date, without any notice or any other action by any person, the aggregate amount of the Revolving Commitments shall automatically and permanently be reduced by an amount that will result in the Revolving Commitments equaling EUR200,000,000.
Reduction of Revolving Commitments. The Company shall have the right, upon at least 30 days' advance notice to the Agent, to reduce ratably in part or terminate in whole the Revolving Commitments. Each such notice shall specify the amount of the termination or reduction and shall be irrevocable and binding on the Company. Partial reductions shall be in a minimum amount of $1,000,000 and be made in integral multiples of $1,000,000. In the event of any partial reduction, each Bank's Revolving Commitment shall be reduced pro rata. The Revolving Commitments cannot be reduced below the amount of the Revolving Loan plus the Letter of Credit Exposure. Any termination or reduction of the Revolving Commitments pursuant to this Section 2.1(a)(ii) shall be permanent, with no obligation of the Banks to reinstate such reduced or terminated Revolving Commitments.
