Common use of Optional Reduction Clause in Contracts

Optional Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is equal to $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Credit Commitments to the extent that, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.11, the Revolving Credit Exposures would exceed the Revolving Credit Commitments as so terminated or reduced.

Appears in 3 contracts

Samples: Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc)

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Optional Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is equal to $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Credit Commitments to the extent that, after giving effect to any concurrent prepayment of the Revolving Credit Loans in accordance with Section 2.112.10, the Revolving Credit Exposures would exceed the Revolving Credit Commitments as so terminated or reduced.

Appears in 2 contracts

Samples: Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc)

Optional Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is equal to $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Credit Commitments to the extent that, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.112.09, the Revolving Credit Exposures would exceed the Revolving Credit Commitments as so terminated or reduced.

Appears in 1 contract

Samples: Credit Agreement (Medco Health Solutions Inc)

Optional Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is equal to $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Revolving Credit Commitments to the extent that, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.112.10, the Revolving Credit Exposures would exceed the Revolving Credit Commitments as so terminated or reduced.

Appears in 1 contract

Samples: Credit Agreement (Medco Health Solutions Inc)

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Optional Reduction. The Borrower may at any time terminate, or from time to time reduce, the Revolving Credit CommitmentsCommitment; provided that (i) each reduction of the Revolving Credit Commitments Commitment shall be in an amount that is equal to $5,000,000 (five million dollars) or an integral multiple of $1,000,000 (one million dollars) in excess thereof and (ii) the Borrower shall not terminate or reduce the any Revolving Credit Commitments to the extent thatCommitment if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.112.08, the sum of the Revolving Credit Exposures would exceed the Revolving Credit Commitments as so terminated or reducedTotal Commitments.

Appears in 1 contract

Samples: Credit Agreement (Medco Health Solutions Inc)

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