Commitment Reduction Sample Clauses

Commitment Reduction. On the date of reduction of the Commitment pursuant to Section 2.6 hereof, including the Maturity Date, the aggregate amount of the Advances outstanding on such date of reduction in excess of the Commitment as reduced shall be due and payable, which principal payment may not be made by means of Refinancing Advances.

Commitment Reduction. On the date of a reduction of the Commitment pursuant to Section 2.11 hereof, the aggregate amount of outstanding Revolving Advances in excess of such Commitment as reduced shall be immediately due and payable (which such principal repayments may not be made by means of Refinancing Advances).

Commitment Reduction. The Borrowers shall have the right, exercisable at any time and from time to time, upon two (2) Business Days written notice to the Agent (or telephonic notice promptly confirmed in writing), to terminate in whole or reduce in part the Commitments; provided that each partial reduction of the Commitments shall be in an amount of US$10,000,000 or integral multiples of US$1,000,000 in excess thereof and applied to reduce the Commitments of the Lenders ratably in accordance with their respective Commitments; and provided further that the Commitments may not be reduced to any amount less than the aggregate principal amount (without duplication) of all Loans and L/C Obligations Outstanding at the time of any such reduction.

Commitment Reduction. At the Borrower's option and upon at least -------------------- five Business Days' prior irrevocable written notice to the Agent, with such notice specifying the amount and the date of such reduction, the Borrower may permanently reduce the Aggregate Commitment in whole at any time or in part from time to time; provided, however, that (i) each partial reduction of the Aggregate Commitment shall be in an aggregate amount equal to at least $5,000,000 or an integral multiple of $1,000,000 and (ii) the Borrower may not reduce the Aggregate Commitment below an amount equal to the sum of all Loans and Letters of Credit outstanding together with unreimbursed drawings under Letters of Credit. The Agent shall promptly notify each Lender (by telecopy or by telephone) of such requested Commitment reduction. In addition, the Aggregate Commitments shall automatically terminate upon the occurrence of a Change of Control. Reductions of the Aggregate Commitment pursuant to this Section 2.7 shall automatically effect a reduction of the Commitment of each Lender to an amount equal to the product of (i) the Aggregate Commitment of all Lenders, as reduced pursuant to this Section 2.7 and (ii) the Commitment Percentage of such Lender, in each case determined immediately prior to such reduction of the Aggregate Commitment on such date. Any such Commitment reduction shall be applied as the Borrower directs. Upon each reduction of the Aggregate Commitment, the Borrower shall pay the Commitment Fee, payable pursuant to Section 2.10, accrued on the amount of the Aggregate Commitment so reduced through the date of such reduction.

Commitment Reduction. Pursuant to Section 2.12 of the Credit Agreement, the Borrower is irrevocably reducing the Revolving Credit Commitments to $80,000,000 as of the Fourth Amendment Effective Date.

Commitment Reduction. Pursuant to Section 2.12 of the Credit Agreement, the Borrower is irrevocably reducing the Revolving Credit Commitments by $11,000,000 as of the Seventh Amendment Effective Date. The Administrative Agent and Lenders acknowledge and agree that this reduction shall satisfy the Revolving Credit Commitment reduction requirements of Section 2.12(iv) of the Credit Agreement.

Commitment Reduction. The last sentence of Section 2.7(c) of the Credit Agreement is hereby amended to state in its entirety as follows: "Once all of the Term Loans have been paid in full, any prepayment pursuant to this Section 2.7 shall be applied to the Revolving Loans; and the Revolving Loan Commitments shall be correspondingly reduced, except that no reduction of the Revolving Loan Commitments shall result from the issuance of the Senior Unsecured Notes."

Commitment Reduction. Upon at least three (3)Business Days prior written notice to Bank, Borrower may permanently reduce the Commitment Amount, in whole or part provided that: (a) each partial reduction of the Commitment Amount shall be in an amount of One Million Dollars ($1,000,000) or a greater integral multiple thereof; and (b) the Borrower shall prepay the Loan in the amount, if any, by which the aggregate amount of Loan then outstanding would otherwise exceed the Commitment Amount as reduced, together with interest thereon to the date of prepayment.

Commitment Reduction. At the option of Lessee, exercisable from time to time by written notice to Certificate Trustee and Administrative Agent, Lessee may request Administrative Agent to reduce the aggregate unused portion of the Participants' respective Commitments, whereupon Administrative Agent shall notify the Participants of such request, and the Commitment of each Participant shall thereby be so reduced, subject to the following provisions: (i) Such notice from Lessee shall specify the aggregate amount of such reduction for all Participants, which amount shall be $1,000,000 or an integral multiple thereof; (ii) Such notice shall specify the effective date of such reduction, such effective date to be a date not earlier than three (3) Business Days after the date of such notice; (iii) The remaining unused portions of the Commitments, after giving effect to such reduction, shall be sufficient to fund fully the remaining acquisition and construction costs, including Capitalized Interest and Capitalized Yield, to be funded under this Agreement and the other Operative Documents in respect of Systems as to which Advances for construction have theretofore been made, and Lessee shall so certify in such notice; (iv) Any reduction of the unused portions of Commitments shall be made pro rata among the Participants based upon each Participant's Commitment Percentage; and Participation Agreement (v) No such reduction of the Commitments shall be undertaken that would reduce the aggregate amount of the Commitments, after giving effect to such requested reduction, below the outstanding aggregate amount of the Advances, including all Capitalized Interest and Capitalized Yield.