Common use of Notice of Reductions Clause in Contracts

Notice of Reductions. Each notice of reduction or prepayment given -------------------- pursuant to Section 3.4, 3.5 or 3.6 shall be irrevocable, shall specify the date upon which such reduction or prepayment is to be made and, in the case of a notice of prepayment, shall obligate Borrower to make such prepayment on such date. Borrower may not give a notice of reduction of a part of the Commitment pursuant to Section 3.6 at any time prior to the date so specified in any previous such notice.

Appears in 3 contracts

Samples: Credit Agreement (Hughes Electronics Corp), Revolving Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)

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Notice of Reductions. Each notice of reduction or prepayment given -------------------- pursuant to Section 3.4, 3.5 3.4,.3.5 or 3.6 shall be irrevocable, shall specify the date upon which such reduction or prepayment is to be made and, in the case of a notice of prepayment, shall obligate Borrower to make such prepayment on such date. Borrower may not give a notice of reduction of a part of the Commitment pursuant to Section 3.6 at any time prior to the date so specified in any previous such notice.

Appears in 2 contracts

Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)

Notice of Reductions. Each notice of reduction or prepayment -------------------- given -------------------- pursuant to Section 3.4, 3.5 or 3.6 shall be irrevocable, shall specify the date upon which such reduction or prepayment is to be made and, in the case of a notice of prepayment, shall obligate Borrower the Obligors to make such prepayment on such date. Borrower may not give a notice of reduction of a part of the Commitment pursuant to Section 3.6 at any time prior to the date so specified in any previous such notice.

Appears in 2 contracts

Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)

Notice of Reductions. Each notice of reduction or prepayment given -------------------- pursuant to Section 3.4, 3.4 or 3.5 or 3.6 shall be irrevocable, shall specify the date upon which such reduction or prepayment is to be made and, in the case of a notice of prepayment, shall obligate Borrower to make such prepayment on such date. Borrower may not give a notice of reduction of a part of the Commitment pursuant to Section 3.6 at any time prior to the date so specified in any previous such notice.

Appears in 1 contract

Samples: Credit Agreement (Hughes Electronics Corp)

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Notice of Reductions. Each notice of reduction or prepayment -------------------- given -------------------- pursuant to Section 3.4, 3.4 or 3.5 or 3.6 shall be irrevocable, shall specify the date upon which such reduction or prepayment is to be made and, in the case of a notice of prepayment, shall obligate Borrower to make such prepayment on such date. Borrower may not give a notice of reduction of a part of the Commitment pursuant to Section 3.6 at any time prior to the date so specified in any previous such notice.

Appears in 1 contract

Samples: Intercreditor Agreement (Hughes Electronics Corp)

Notice of Reductions. Each notice of reduction or prepayment given -------------------- pursuant to Section 3.4, 3.5 or 3.6 shall be irrevocable, shall specify the date upon which such reduction or prepayment is to be made and, in the case of a notice of prepayment, shall obligate Borrower to make such prepayment on such date. Borrower may not give a notice of reduction of a part of the Commitment Commitments pursuant to Section 3.6 at any time prior to the date so specified in any previous such notice.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hughes Electronics Corp)

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