Changes of Commitments. (a) The aggregate amount of the Commitments shall be automatically reduced to zero on the Commitment Termination Date. (b) The Company shall have the right at any time or from time to time (i) so long as no Loans or Letter of Credit Liabilities are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities); PROVIDED that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 or in multiples of $500,000 in excess thereof. (c) The Commitments once terminated or reduced may not be reinstated.
Appears in 2 contracts
Sources: Credit Agreement (Forest Oil Corp), Credit Agreement (Forest Oil Corp)
Changes of Commitments. (a) The aggregate amount of the Commitments shall be automatically reduced to zero on the Commitment Termination Date.
(b) The Company shall have the right at any time or from time to time (i) so long as no Syndicated Loans or Letter of Credit Liabilities Money Market Loans are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate principal amount of Letter of Credit Liabilitiesall Money Market Loans); PROVIDED provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 or in multiples a multiple of $500,000 in excess thereof10,000,000.
(c) The Commitments once terminated or reduced may not be reinstated.
Appears in 2 contracts
Sources: Credit Agreement (Washington Mutual Inc), Four Year Credit Agreement (Washington Mutual Inc)
Changes of Commitments. (a) The aggregate amount of the Commitments each Lender's Commitment shall be automatically reduced to zero on the such Lender's Commitment Termination Date.
(b) The Company shall have the right at any time or from time to time (i) so long as no Syndicated Loans or Letter of Credit Liabilities Money Market Loans are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate principal amount of Letter of Credit Liabilitiesall Money Market Loans); PROVIDED provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof hereof, and (y) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 or 10,000,000 and in multiples of $500,000 1,000,000 in excess thereof.
(c) The Commitments once terminated or reduced may not be reinstated.
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Changes of Commitments. (a) The aggregate amount of the Commitments shall be automatically reduced to zero at the close of business on the Commitment Revolving Credit Termination Date.
(b) The Company shall have the right at any time or from time to time (i) so long as no Syndicated Loans or Letter of Credit Liabilities Money Market Loans are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate principal amount of Letter of Credit Liabilitiesall Money Market Loans); PROVIDED provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 or 5,000,000 and in integral multiples of $500,000 5,000,000 in excess thereof.
(c) The Commitments once terminated or reduced may not be reinstated.
Appears in 1 contract
Sources: Credit Agreement (Bowater Inc)
Changes of Commitments. (a) The aggregate amount of each of the Commitments shall be automatically reduced to zero on the Commitment Termination Date.
(b) The Company shall have the right at any time or from time to time (i) so long as no Loans or Letter of Credit Liabilities in respect of Letters of Credit are outstanding, to terminate the Commitments Commitments, and (ii) to reduce the aggregate unused amount of any of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities); PROVIDED provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each such partial reduction shall be in an aggregate amount at least equal to $1,000,000 2,000,000 (or in multiples a larger multiple of $500,000 in excess thereof1,000,000).
(c) The Commitments once terminated or reduced may not be reinstated.
Appears in 1 contract
Sources: Credit Agreement (Suiza Foods Corp)
Changes of Commitments. (a) The aggregate amount of the Commitments shall be automatically reduced to zero on the Commitment Termination Date.
(b) The Company Borrowers shall have the right at any time or from time to time (i) so long as no Loans or Letter of Credit Liabilities are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities); PROVIDED provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 or in multiples of $500,000 in excess thereof.
(c) The Commitments once terminated or reduced may not be reinstated.
Appears in 1 contract
Sources: Credit Agreement (Forest Oil Corp)
Changes of Commitments. (a) The aggregate amount of the Commitments shall be automatically reduced to zero on the Commitment Termination Date.
(b) The Company shall have the right at any time or from time to time (i) so long as no Loans or Letter of Credit Liabilities are outstanding, to terminate the Commitments and (ii) to or reduce the aggregate unused amount of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities)Commitments; PROVIDED that (xi) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (yii) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 10,000,000 (or in multiples a larger integral multiple of $500,000 in excess thereof5,000,000).
(b) The aggregate amount of the Commitments shall automatically reduce to zero on the Commitment Termination Date.
(c) The Commitments once terminated or reduced may not be reinstated.
Appears in 1 contract
Changes of Commitments. (a) The aggregate amount of the Commitments shall be automatically reduced to zero on the Commitment Termination Date.
(b) The Company shall have the right at any time or from time to time (i) so long as no Syndicated Loans or Letter of Money Amended and Restated Credit Liabilities Agreement Market Loans are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments (for which purpose use of the Commitments shall be deemed to include the aggregate principal amount of Letter of Credit Liabilitiesall Money Market Loans); PROVIDED provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 or in multiples a multiple of $500,000 in excess thereof10,000,000.
(c) The Commitments once terminated or reduced may not be reinstated.
Appears in 1 contract