Common use of Optional Termination or Reduction of Commitments Clause in Contracts

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination.

Appears in 3 contracts

Samples: Credit Agreement (Airborne Freight Corp /De/), Credit Agreement (Russell Corp), Credit Agreement (Russell Corp)

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Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple thereof, the aggregate amount of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 3 contracts

Samples: Credit Agreement (Western Atlas Inc), Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,000. If 5,000,000, the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Target Corp), Credit Agreement (Target Corp), Credit Agreement (Target Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 3 contracts

Samples: Credit Agreement (Springs Industries Inc), Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Outback Steakhouse Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If , the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such terminationUnused Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Universal City Development Partners LTD), Credit Agreement (Universal City Development Partners LTD)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,000. If 5,000,000, the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) excess of the aggregate outstanding principal amount of the Loans. The Agent shall be due and payable on promptly notify each Bank of any such notice received by the effective date of such terminationAgent.

Appears in 2 contracts

Samples: Credit Agreement (At&t Capital Corp /De/), Credit Agreement (At&t Capital Corp /De/)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three (3) Business Days' notice to the Administrative AgentAgent (which notice the Agent shall promptly forward to the Banks), terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 5,000,000, or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Home Depot Inc), Credit Agreement (Home Depot Inc)

Optional Termination or Reduction of Commitments. The Borrower mayshall have the right, upon at least 3 Domestic three Business Days' notice to the Administrative Agent, to terminate at any time, in whole or proportionately reduce ratably in part the Unused respective Three-Year Commitments from time to time by an or Five-Year Commitments of the Lenders; provided that each partial reduction shall be in the aggregate amount of at least no less than $5,000,000 50,000,000 or any larger integral multiple of the remaining balance if less than $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination50,000,000.

Appears in 2 contracts

Samples: Term Loan Agreement (Mondelez International, Inc.), Term Loan Agreement (Mondelez International, Inc.)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,000. If 5,000,000, the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under excess of the aggregate outstanding principal amount of the Loans. Section 2.08) shall be due and payable on the effective date of such termination.2.10

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Target Corp), Assignment and Assumption Agreement (Target Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments Commitment from time to time by an aggregate amount of at least $5,000,000 or and any larger integral incremental multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Gerber Scientific Inc), Credit Agreement (Gerber Scientific Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple 10,000,000. Upon a reduction of $1,000,000. If the Unused Commitments, each Bank's Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due permanently and payable on the effective date of such terminationratably reduced.

Appears in 2 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, ,terminate at any time, or proportionately reduce the Unused Commitments Commit- ments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Residential Trust)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments Commitment from time to time by an aggregate amount of at least $5,000,000 or and any larger integral incremental multiple of $1,000,000. If The Borrower hereby irrevocably and voluntarily elects to reduce the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable to the Commitment levels set forth below on the effective date Commitment Reduction Dates set forth below (to the extent not already reduced to or below such levels as a result of such termination.the application of Section 2.08(b)):

Appears in 2 contracts

Samples: Credit Agreement (Gerber Scientific Inc), Credit Agreement (Gerber Scientific Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Carmike Cinemas Inc), Credit Agreement (Carmike Cinemas Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Hancock Fabrics Inc), Credit Agreement (Outback Steakhouse Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If , the unused portion of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such terminationany Class.

Appears in 2 contracts

Samples: Credit Agreement (Universal City Development Partners LTD), Agreement (Universal City Development Partners LTD)

Optional Termination or Reduction of Commitments. The Borrower Borrowers may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately and permanently reduce the Aggregate Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Southern Electronics Corp), Credit Agreement (Sed International Holdings Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (National Service Industries Inc), Credit Agreement (Belden Inc)

Optional Termination or Reduction of Commitments. The Borrower Company may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time, or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If 5,000,000 the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 2 contracts

Samples: Credit Agreement (Union Texas Petroleum Holdings Inc), Credit Agreement (Union Texas Petroleum Holdings Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If Upon a reduction of the Unused Commitments, each Bank’s Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due permanently and payable on the effective date of such terminationratably reduced.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Mohawk Industries Inc)

Optional Termination or Reduction of Commitments. The During the Availability Period, the Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If , the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on unused portions of the effective date of such terminationCommitments.

Appears in 1 contract

Samples: Credit Agreement (Ck Witco Corp)

Optional Termination or Reduction of Commitments. The Borrower mayshall have the right, upon at least 3 Domestic three Business Days' notice to the Administrative Agent, to terminate at any time, in whole or proportionately reduce ratably in part the Unused unused portions of the respective Commitments from time to time by an of the Lenders; provided that each partial reduction shall be in the aggregate amount of at least $5,000,000 €10,000,000 or any larger an integral multiple of $1,000,000. If the Commitments are terminated €1,000,000 in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such terminationexcess thereof.

Appears in 1 contract

Samples: Year Credit Agreement (Monsanto Co /New/)

Optional Termination or Reduction of Commitments. The Borrower Borrowers may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Gables Realty Limited Partnership)

Optional Termination or Reduction of Commitments. The ------------------------------------------------ Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate in its entirety at any time, or proportionately reduce from time to time, the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (JDN Realty Corp)

Optional Termination or Reduction of Commitments. The Borrower mayshall have the right, upon at least 3 Domestic five Business Days' ’ prior written notice to the Administrative Agent, to terminate at any time, or proportionately reduce the Unused unused portion of the Commitments. Any such reduction of the Commitments from time to time by an aggregate shall be in the minimum amount of at least $5,000,000 or any larger integral multiple of $1,000,00010,000,000. If The accrued facility fees with respect to the terminated Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable to the Administrative Agent for the account of the Banks on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Optional Termination or Reduction of Commitments. The Borrower Company may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (a) terminate the Commitments at any time, if no Loans are outstanding at such time, or proportionately (b) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If , the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 1 contract

Samples: Credit Agreement (Applied Materials Inc /De)

Optional Termination or Reduction of Commitments. The Borrower At any time prior to the Termination Date, the Borrowers may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, (a) terminate the Commitments in full, if no Advances are outstanding at any such time, or proportionately (b) reduce the Unused Commitments from time to time by (i) an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If 5,000,000 or (ii) the full amount thereof, the aggregate amount of the Commitments are in excess of the aggregate outstanding principal amount of the Advances. The Lenders' Commitments will be terminated in their entiretyor ratably reduced, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such terminationcase may be.

Appears in 1 contract

Samples: Credit Agreement (Sunamerica Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Gables Realty Limited Partnership)

Optional Termination or Reduction of Commitments. The Borrower Company may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 3,000,000 or any larger integral multiple of $1,000,000, the unused portions of the Commitments. If the Commitments are terminated in their entirety, all fees accrued fees (as provided under Section 2.08) 2.8 shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Albany International Corp /De/)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce all or any part of the Unused Commitments Commitments, after deducting therefrom the aggregate amount of any outstanding Money Market Loans, from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,0005,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination.the

Appears in 1 contract

Samples: Credit Agreement (Flowers Industries Inc /Ga)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 2,500,000 or any larger integral multiple of $1,000,000500,000, the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Blessings Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate the Commitments in their entirety at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (National Service Industries Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If , the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 1 contract

Samples: Credit Agreement (Unumprovident Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three 3) Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, that no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice Notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately permanently reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 100,000 or any larger integral multiple thereof, the unused portions of $1,000,000the Commitments. If the Commitments are terminated in their entirety, all accrued commitment fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Perini Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three (3) Business Days' notice to the Administrative AgentAgent (which notice the Agent shall promptly forward to the Banks), terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 5,000,000, or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Home Depot Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate the Commitments in their entirety at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (National Service Industries Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If thereof, the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination.aggregate amount

Appears in 1 contract

Samples: Credit Agreement (Central Hudson Gas & Electric Corp)

Optional Termination or Reduction of Commitments. The At any time prior to the Initial Draw Date, the Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06(a)) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three (3) Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time the Total Unused Commitments by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination. All terminations or reductions of Commitments shall be permanent. Each reduction shall be made ratably among the Banks in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

Optional Termination or Reduction of Commitments. The ------------------------------------------------ Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate in its entirety at any time, or proportionately reduce from time to time, the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (JDN Realty Corp)

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,0005,000,000, the Facility A Commitments. If the Facility A Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) on such Facility A Commitments shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Papers Inc)

Optional Termination or Reduction of Commitments. The ------------------------------------------------ Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Revolver Loan Commitments or the Unused Term Loan Commitments from time to time by an aggregate amount of at least $5,000,000 1,000,000 or any larger integral multiple of $1,000,000500,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Trion Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (a) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (b) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,000. If 5,000,000, the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Target Corp)

Optional Termination or Reduction of Commitments. The At any time prior to the Maturity Date, the Borrower may, upon at least 3 Domestic five (5) Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Total Commitment. If the Commitments are Total Commitment is terminated in their its entirety, all accrued fees Fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination. SECTION 2.08.

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 1 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Ryans Family Steakhouses Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000, the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Kemet Corporation)

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Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three Business Days' notice to the Administrative Servicing Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time the unused portions of the Commitments; provided that each such reduction shall reduce the Commitments by an aggregate amount of at least $5,000,000 (or any larger integral multiple of $1,000,000). If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination2.11.

Appears in 1 contract

Samples: Credit Agreement (Clorox Co /De/)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000, the Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Commitments on the date of such termination or reduction. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.7) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Piccadilly Cafeterias Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued but unpaid interest and fees (as provided under Section 2.08) thereon, if any, shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Guilford Mills Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If , the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce all or any part of the Unused Commitments Commitments, after deducting therefrom the aggregate amount of any outstanding Money Market Loans, from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,0005,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Flowers Industries Inc /Ga)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple thereof, the aggregate amount of $1,000,000. If the Commitments are terminated in their entiretyexcess of the aggregate outstanding principal amount of the Loans. Upon receipt of any such notice, all accrued fees (as provided under Section 2.08) the Agent shall be due and payable on promptly notify the effective date of such terminationBanks.

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 1,000,000 or any larger integral multiple of $1,000,0001,000,000 the Unused Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination. A notice of reduction or termination of the Commitments hereunder, once given, shall not thereafter be revocable by the Borrower.

Appears in 1 contract

Samples: Day Credit Agreement (Liberty Corp)

Optional Termination or Reduction of Commitments. The At any time upon or after (but not before) payment in full of the Term Loans, the Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Avondale Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time, or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If , the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans. SECTION 2.10.

Appears in 1 contract

Samples: 000 Credit Agreement (CNF Transportation Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three (3) Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees the Commitment Fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination. All terminations or reductions of Commitments shall be permanent. Each reduction shall be made ratably among the Lenders in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (Avocent Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 1,000,000 or any larger integral multiple of $1,000,000500,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Trion Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, subject to Section 2.10(a), terminate in its entirety at any time, or proportionately reduce the Unused Commitments from time to time time, the Commitments by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (JDN Realty Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,000. If 5,000,000, the aggregate amount of the Commitments are terminated in their entiretyexcess of the aggregate outstanding principal amount of the Loans. Upon receipt of any notice pursuant to this Section 2.09, all accrued fees (as provided under Section 2.08) the Agent shall be due and payable on promptly notify the effective date Banks of the contents of such terminationnotice.

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued but unpaid interest and fees (as provided under Section 2.08) thereon, if any, shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Guilford Mills Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative AgentAgent (or such shorter period as the Agent may agree), (i) terminate the Commitments at any time, if no Loans are outstanding at such time, or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If , the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date of such terminationAggregate Usage.

Appears in 1 contract

Samples: Bridge Credit Agreement (Con-Way Inc.)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative AgentBank, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 500,000 or any larger integral multiple of $1,000,000100,000, the Commitment; provided, however, no such termination or reduction shall be in an amount greater than the Unused Commitment on the date of such termination or reduction. If the Commitments are Commitment is terminated in their its entirety, all accrued fees (as provided under Section 2.082.06(a)) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Atlantic American Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 3,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.06) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (National Vision Associates LTD)

Optional Termination or Reduction of Commitments. The Following the Effective Date, the Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,0005,000,000 the Aggregate Commitments. If Once reduced or terminated pursuant to this Section 2.08, the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) may not be reinstated. The Administrative Agent shall be due and payable on provide each Bank with prompt notice of any reduction or termination of the effective date of such terminationCommitments.

Appears in 1 contract

Samples: Bridge Credit Agreement (Eaton Corp)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' Days= notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or proportionately LC Liabilities are outstanding at such time, or (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If , the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date of such terminationAggregate Usage.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Freightways Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative AgentBank, terminate at any time, or proportionately reduce the Unused Commitments Commitment from time to time by an aggregate amount of at least $5,000,000 or and any larger integral incremental multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination2,500,000.

Appears in 1 contract

Samples: Credit Agreement (Gerber Scientific Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three (3) Business Days' notice to the Administrative AgentAgent (which notice the Agent shall promptly forward to the Banks), terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 5,000,000, or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Home Depot Inc)

Optional Termination or Reduction of Commitments. The Prior to the Commitment Termination Date, the Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 50,000,000 or any larger integral multiple thereof, the aggregate amount of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such terminationCommitments.

Appears in 1 contract

Samples: Term Loan Agreement (Dow Chemical Co /De/)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,000. If 5,000,000, the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on excess of the effective date aggregate outstanding principal amount of such terminationthe Loans.

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

Optional Termination or Reduction of Commitments. The Borrower mayshall have the right, upon at least 3 five Domestic Business Days' prior written notice to the Administrative Agent, to terminate at any time, or proportionately reduce the Unused unused portion of the Commitments. Any such reduction of the Commitments from time to time by an aggregate shall be in the minimum amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If The accrued facility fees with respect to the terminated Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable to the Agent for the account of the Banks on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time, or proportionately (ii) ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 25,000,000 or any larger integral multiple of $1,000,000. If 5,000,000, the aggregate amount of the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) excess of the aggregate outstanding principal amount of the Loans. The Agent shall be due and payable on promptly notify each Bank of any such notice received by the effective date of such terminationAgent.

Appears in 1 contract

Samples: Credit Agreement (At&t Capital Corp /De/)

Optional Termination or Reduction of Commitments. The Borrower ------------------------------------------------ Borrowers may, through the Parent, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,0001,000,000 the Commitments. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) which are applicable to the Commitments shall be due and payable on the effective date of such termination. A notice of reduction or termination of the Commitments hereunder, once given, shall not thereafter be revocable by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Liberty Corp)

Optional Termination or Reduction of Commitments. The Borrower maymay at any time, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any timeterminate, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger integral multiple of $1,000,000, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans. If the Commitments are terminated in their entirety, all accrued but unpaid fees (as provided under Section 2.08) 2.08 shall be due and payable on the effective date of such termination. Once terminated, a Commitment may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Massey Energy Co)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic three Business Days' notice to the Administrative Servicing Agent, (i) terminate the Commitments at any time, if no Loans or proportionately Letter of Credit Liabilities are outstanding at such time or (ii) ratably reduce the Unused Commitments from time to time the aggregate amount of the Commitments in excess of the Total Outstanding Amount; provided that each such reduction shall reduce the Commitments by an aggregate amount of at least $5,000,000 (or any larger integral multiple of $1,000,000). If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on the effective date of such termination2.11.

Appears in 1 contract

Samples: Credit Agreement (Clorox Co /De/)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Administrative AgentAgent (which notice the Agent shall promptly forward to the Banks), terminate at any time, or proportionately reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 5,000,000, or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (McWhorter Technologies Inc /De/)

Optional Termination or Reduction of Commitments. The Borrower may, without premium or penalty, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, (i) terminate the Commitments at any time, time or proportionately (ii) ratably reduce the Unused Commitments from time to time time, in each case by an aggregate amount of at least $5,000,000 10,000,000. Upon any such termination or any larger integral multiple reduction of $1,000,000. If the Commitments are terminated in their entiretyCommitments, all accrued fees (as provided under Section 2.08) the Administrative Agent shall be due and payable on the effective date promptly notify each Bank of such terminationtermination or reduction.

Appears in 1 contract

Samples: Bridge Loan Agreement (Venator Group Inc)

Optional Termination or Reduction of Commitments. The (a) Prior to the Closing Date the Borrower may, upon at least 3 three Domestic Business Days' notice to the Administrative Agent, terminate at any time, the Term Commitments or proportionately ratably reduce the Unused Commitments from time to time by an aggregate amount of at least $5,000,000 or any a larger integral multiple of $1,000,000. If , the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.08) shall be due and payable on aggregate amount of the effective date of such terminationTerm Commitments.

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Optional Termination or Reduction of Commitments. The Borrower may, upon at least 3 three (3) Domestic Business Days' notice to the Administrative Agent, terminate at any time, or proportionately reduce the Unused Commitments from time to time the Total Unused Commitments by an aggregate amount of at least $5,000,000 or any larger integral multiple of $1,000,000. If the Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.082.07) shall be due and payable on the effective date of such termination. All terminations or reductions of Commitments shall be permanent. Each reduction shall be made ratably among the Banks in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

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