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

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Agent, terminate at any time, or proportionately reduce from time to time by an aggregate amount of at least $5,000,000 or any larger multiple of $1,000,000, the Revolving Credit Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Revolving Credit Commitments on the date of such termination or reduction after giving effect to any repayment or prepayment made on such date. If the Revolving Credit Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.06(a)) shall be payable on the effective date of such termination.

Appears in 2 contracts

Samples: Credit Agreement (Cadmus Communications Corp/New), Credit Agreement (Cadmus Communications Corp/New)

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Optional Termination or Reduction of Revolving Credit 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 from time to time by an aggregate amount of at least $5,000,000 or any larger multiple of $1,000,0001,000,000 (or the Alternate Currency Equivalent of such amount), the Revolving Credit Commitments, including, if appropriate, the Alternate Currency Commitment; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Revolving Credit Commitments on the date of such termination or reduction after giving effect to any repayment or prepayment made on such date. If the Revolving Credit Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.06(a)) shall be payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Cadmus Communications Corp/New)

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Agent, terminate at any time, or proportionately reduce from time to time by an aggregate amount of at least $5,000,000 10,000,000 or any larger multiple of $1,000,0005,000,000, the Revolving Credit Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Revolving Credit Commitments on the date of such termination or reduction after giving effect to any repayment or prepayment made on such datereduction. If the Revolving Credit Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.06(a)2.07) shall be payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Agent, terminate at any time, or proportionately reduce from time to time by an aggregate amount of at least $5,000,000 1,000,000 or any larger multiple of $1,000,000500,000, the Revolving Credit Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Revolving Credit Commitments on the date of such termination or reduction after giving effect to any repayment or prepayment made on such datereduction. If the Revolving Credit Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.06(a2.07(a)) shall be payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Cadmus Communications Corp/New)

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Optional Termination or Reduction of Revolving Credit Commitments. The Borrower may, upon at least 3 Domestic five (5) Business Days' notice to the Administrative Agent, terminate at any time, or proportionately permanently reduce from time to time by an aggregate amount of at least Ten Million and 00/100 Dollars ($5,000,000 10,000,000.00) or any larger multiple of One Million and 00/100 Dollars ($1,000,0001,000,000.00), the Revolving Credit Commitments; provided, however, no . Each such termination or permanent reduction shall be in an amount greater than permanently reduce the Total Unused Banks' Revolving Credit Commitments on ratably in proportion to their respective Ratable Share of the date of such termination or reduction after giving effect to any repayment or prepayment made on such dateRevolving Credit Commitments. If the Revolving Credit Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.06(a)) shall be payable on the effective date of such termination. The Administrative Agent shall, promptly after receipt by it of a notice pursuant to this Section 2.9, notify the Banks of its receipt of such notice and the nature of the same.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower may, upon at least 3 Domestic Business Days' notice to the Agent, terminate at any time, or proportionately reduce from time to time by an aggregate amount of at least $5,000,000 or any larger multiple of $1,000,000, the Revolving Credit Commitments; provided, however, no such termination or reduction shall be in an amount greater than the Total Unused Revolving Credit Commitments on the date of such termination or reduction after giving effect to any repayment or prepayment made on such datereduction. If the Revolving Credit Commitments are terminated in their entirety, all accrued fees (as provided under Section 2.06(a2.07(a)) shall be payable on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

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