Optional Reductions of Commitments. The Company shall have the right at any time or from time to time, (i) so long as no Loans are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments; provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each partial reduction shall be in an aggregate amount at least equal to $25,000,000 (or a larger multiple of $1,000,000).
Appears in 2 contracts
Sources: 3 Year Term Loan Credit Agreement (Motorola Solutions, Inc.), 364 Day Term Loan Credit Agreement (Motorola Solutions, Inc.)
Optional Reductions of Commitments. The Company shall have the right at any time or from time to time, time (i) so long as no Loans or L/C Obligations are outstanding, to terminate the Commitments and (ii) to reduce the aggregate unused amount of the Commitments; provided that (x) the Company shall give notice of each such termination or reduction as provided in Section 4.05 hereof and (y) each partial reduction shall be in an aggregate amount at least equal to $25,000,000 (or a larger multiple of $1,000,000).
Appears in 1 contract
Sources: Revolving Credit Agreement (Motorola Solutions, Inc.)