Common use of Reduction in Commitments Clause in Contracts

Reduction in Commitments. The Seller may, upon thirty days’ notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider in accordance with its Ratable Share and shall ratably reduce the Purchase Limit.

Appears in 3 contracts

Sources: Receivables Sale Agreement (Ipalco Enterprises, Inc.), Receivables Sale Agreement (Ipalco Enterprises, Inc.), Receivables Sale Agreement (Ipalco Enterprises, Inc.)

Reduction in Commitments. The Seller may, upon thirty days' notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Committed Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase Limit so that the Aggregate Commitment remains at least 102% of the Purchase Limit.

Appears in 3 contracts

Sources: Receivables Sale Agreement (Crompton & Knowles Corp), Receivables Sale Agreement (Crompton Corp), Receivables Sale Agreement (Davis-Standard CORP)

Reduction in Commitments. The Seller may, upon thirty daysat least five Business Days’ notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal at least as so reduced is no less than the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Committed Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase LimitLimit so that the Aggregate Commitment remains at least 102% of the Purchase Limit and the Purchase Limit is no less than the outstanding Aggregate Investment.

Appears in 3 contracts

Sources: Receivables Sale Agreement (Perkinelmer Inc), Receivables Sale Agreement (Perkinelmer Inc), Receivables Sale Agreement (Albany International Corp /De/)

Reduction in Commitments. The Seller may, upon thirty days' notice to the Agent and each Purchaser Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal at least as so reduced is no less than the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Purchaser Group in accordance with its Ratable Share and shall ratably reduce (and, in the Purchase Limitcase of each Committed Purchaser, its Commitment in accordance with its Commitment Percentage of its Purchaser Group's Ratable Share of such reduction).

Appears in 2 contracts

Sources: Receivables Sale Agreement (Arvinmeritor Inc), Receivables Sale Agreement (Arvinmeritor Inc)

Reduction in Commitments. The Seller may, upon thirty days’ notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal at least as so reduced is no less than the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall will reduce the Commitment of each Liquidity Provider Committed Purchaser in accordance with its Ratable Share and shall ratably will reduce the Purchase LimitLimit so that the Aggregate Commitment remains at least 102% of the Purchase Limit and the Purchase Limit is no less than the outstanding Aggregate Investment.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Hunt J B Transport Services Inc), Receivables Sale Agreement (Tronox Inc)

Reduction in Commitments. The Seller may, upon thirty days' notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal as so reduced equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Committed Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase LimitLimit so that the Aggregate Commitment remains at least 102% of the Purchase Limit and the Purchase Limit is not less than the outstanding Aggregate Investment.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Ametek Inc/), Receivables Sale Agreement (Swift Transportation Co Inc)

Reduction in Commitments. The Seller may, upon thirty days’ notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,0005,000,000, so long as the Aggregate Commitment at all times equal equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase LimitLimit by a corresponding amount.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Sirva Inc), Receivables Sale Agreement (Sirva Inc)

Reduction in Commitments. The Seller may, upon thirty days’ notice to the Agent and each Purchaser Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal as so reduced equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Related Liquidity Provider in accordance with its Ratable Share and shall ratably reduce the Purchase LimitLimit so that the Aggregate Commitment remains at least 102% of the Purchase Limit and the Purchase Limit is not less than the outstanding Aggregate Investment.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Ametek Inc/), Receivables Sale Agreement (Ametek Inc/)

Reduction in Commitments. The Seller may, upon thirty days’ notice to the AgentAgent and the Purchaser Agents, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Related Bank Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase LimitShare.

Appears in 1 contract

Sources: Receivables Sale Agreement (Officemax Inc)

Reduction in Commitments. The Seller may, upon thirty days’ at least five Business Days' notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal at least as so reduced is no less than the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Committed Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase LimitLimit so that the Aggregate Commitment remains at least 102% of the Purchase Limit and the Purchase Limit is no less than the outstanding Aggregate Investment.

Appears in 1 contract

Sources: Receivables Sale Agreement (Perkinelmer Inc)

Reduction in Commitments. The Seller may, upon thirty days' notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider in accordance with its Ratable Share and shall ratably reduce the Purchase Limit.

Appears in 1 contract

Sources: Receivables Sale Agreement (Ipalco Enterprises, Inc.)

Reduction in Commitments. The Seller may, upon thirty five days' notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Committed Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase Limit so that the Aggregate Commitment remains at least 102% of the Purchase Limit.

Appears in 1 contract

Sources: Receivables Sale Agreement (World Color Press Inc /De/)

Reduction in Commitments. The Seller may, upon thirty days' notice to the Agent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equal at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Liquidity Provider Committed Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase Limit.

Appears in 1 contract

Sources: Receivables Sale Agreement (Ipalco Enterprises Inc)