Common use of Commitment Terminations Clause in Contracts

Commitment Terminations. (a) The Borrower shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Administrative Agent (or such shorter period of time then agreed to by the Administrative Agent) to terminate without premium or penalty, in whole or in part, the Commitments, any partial termination to be in an amount not less than

Appears in 2 contracts

Samples: World Acceptance Corp, World Acceptance Corp

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Commitment Terminations. (a) The Borrower shall have the right at any time and from time to time, upon five (5) Business Days Days’ prior written notice to the Administrative Agent (or such shorter period of time then agreed to by the Administrative Agent) to terminate without premium or penalty, in whole or in part, the Commitments, any partial termination to be in an amount not less thanthan $2,000,000 or any larger amount that is an integral multiple of $1,000,000, and to reduce ratably the respective Commitments of each Lender; provided that the Commitments may not be reduced to an amount less than the aggregate principal amount of Loans then outstanding.

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

Commitment Terminations. (a) The Borrower shall have the right at any time and from time to time, upon five (5) Business Days Days' prior written notice to the Administrative Agent (or such shorter period of time then agreed to by the Administrative Agent) , to terminate the Commitments without premium or penalty, in whole or in part, the Commitments, any partial termination to be in an amount not less thanthan $5,000,000, PROVIDED that the Commitments may not be reduced to an amount less than the sum of all Loans then outstanding.

Appears in 1 contract

Samples: Credit Agreement (Jones Lang Lasalle Inc)

Commitment Terminations. The Company (aacting on behalf of the applicable Borrower) The Borrower shall have the right at any time and from time to time, upon five (5) Business Days Days' prior written notice to the Administrative Agent (or such shorter period of time then agreed to by the Administrative Agent) , to terminate without premium or penalty, in whole or in part, the Commitments, any partial termination to be in an amount not less than,

Appears in 1 contract

Samples: Credit Agreement (Sickinger Co)

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Commitment Terminations. (a) The Borrower shall have the right at any time and from time to time, upon five (5) Business Days Days' prior written notice to the Administrative Agent (or such shorter period of time then agreed to by the Administrative Agent) to terminate without premium or penalty, in whole or in part, the Commitments, any partial termination to be in an amount not less thanthan $2,000,000 or any larger amount that is an integral multiple of $1,000,000, and to reduce ratably

Appears in 1 contract

Samples: World Acceptance Corp

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