Common use of Commitment Reductions Clause in Contracts

Commitment Reductions. Borrower may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, PROVIDED, that the amount of such reduction is not less than $500,000 or a whole multiple thereof.

Appears in 2 contracts

Sources: Revolving Credit Facility (North American Vaccine Inc), Revolving Credit Facility (North American Vaccine Inc)

Commitment Reductions. Borrower The Borrowers may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, PROVIDEDprovided, that the amount of such reduction is not less than -------- $500,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Sources: Revolving Credit Facility (Nova Corp \Ga\), Revolving Credit Facility (Nova Corp \Ga\)

Commitment Reductions. The Borrower may, upon five Business Days' ’ notice, reduce or cancel the undrawn portion of the Commitment, PROVIDEDprovided, that the amount of such reduction is not less than $500,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Sources: Revolving Credit Facility (Piedmont Natural Gas Co Inc), Revolving Credit Facility (Piedmont Natural Gas Co Inc)

Commitment Reductions. The Borrower may, upon five Business Days' ’ notice, reduce or cancel the undrawn portion of the Commitment, PROVIDEDprovided, that the amount of such reduction is not less than $500,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Sources: Revolving Credit Facility (Toro Co)

Commitment Reductions. The Borrower may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, PROVIDEDprovided, that the amount of such reduction is not less than $500,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Sources: Revolving Credit Agreement (Chiron Corp)

Commitment Reductions. The Borrower may, upon five Business Days' notice, reduce or cancel the undrawn portion of the Commitment, PROVIDEDprovided, that the amount of such reduction is not less than $500,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Sources: Revolving Credit Facility (International Lease Finance Corp)