Common use of Optional Reduction or Termination Clause in Contracts

Optional Reduction or Termination. The Borrower may, upon prior written notice to the Agent delivered not later than the Required Notice Date, terminate in whole or reduce ratably in part, as of the date specified by the Borrower in such notice, any then unused portion of the Revolving Commitments, provided that each partial reduction shall be in a Minimum Amount.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Cadence Design Systems Inc)

Optional Reduction or Termination. The Borrower may, upon prior written notice to the Agent delivered not later than the Required Notice Dateas provided herein, terminate in whole or reduce ratably in part, as of the date specified by the Borrower in such notice, any then unused portion of the Revolving respective Commitments, provided that each partial reduction shall be in a Minimum Amount.

Appears in 1 contract

Sources: Credit Agreement (Lsi Logic Corp)

Optional Reduction or Termination. The Borrower may, upon prior written notice to the Agent delivered not later than the Required Notice DateAgent, terminate in whole or reduce ratably in part, as of the date date, and in the amount, specified by the Borrower in such notice, any then unused portion of the Revolving Commitments, Delayed Draw Term Loan Commitment; provided that each partial reduction shall be in a Minimum Amountminimum amount of $1,000,000 or a greater amount which is an integral multiple of $1,000,000.

Appears in 1 contract

Sources: Credit Agreement (Aquaventure Holdings LLC)