Common use of Optional Termination and Reduction of Aggregate Credit Amounts Clause in Contracts

Optional Termination and Reduction of Aggregate Credit Amounts. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that (A) each such partial reduction shall be in an amount that is an integral multiple of $10,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b), the total Credit Exposures would exceed the total Commitments.

Appears in 1 contract

Samples: Credit Agreement (Whiting Petroleum Corp)

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Optional Termination and Reduction of Aggregate Credit Amounts. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit AmountsCommitments; provided that (A) each such partial reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 1,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b3.04(c), the total Revolving Credit Exposures would exceed the total Commitments.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Optional Termination and Reduction of Aggregate Credit Amounts. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit AmountsAmount; provided that (A) each such partial reduction shall be in an amount that is an integral multiple of $10,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b), the total Credit Exposures would exceed the total Commitments.that

Appears in 1 contract

Samples: Credit Agreement

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Optional Termination and Reduction of Aggregate Credit Amounts. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that (A) each such partial reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $10,000,000 1,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b), the total Credit Exposures would exceed the total Commitments.less than $5,000,000 and

Appears in 1 contract

Samples: Credit Agreement

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