Reduction of Commitments Payments and Prepayments Sample Clauses

Reduction of Commitments Payments and Prepayments. 92 4.1 Voluntary Reduction of Commitments.............................................................92 4.2 Mandatory Reduction of Term Commitments........................................................92 4.3
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Reduction of Commitments Payments and Prepayments. 4.1 Voluntary Reduction of Commitments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 4.2
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Reduction of Commitments Payments and Prepayments. 64 Section 4.1. Voluntary Reduction of Commitments..............................................................64 Section 4.2. Mandatory Reductions of Commitments.............................................................65 Section 4.3.
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Reduction of Commitments Payments and Prepayments. 50 Section 4.1. Voluntary Reduction of Commitments 50 Section 4.2. Mandatory Reductions of Commitments 51 Section 4.3. Voluntary Prepayments 51 Section 4.4. Mandatory Prepayments 52 Section 4.5. Application of Prepayments 54 Section 4.6. Method and Place of Payment 56 Section 4.7. Net Payments 57 ARTICLE V CONDITIONS OF CREDIT 60 Section 5.1. Conditions Precedent to the Initial Borrowing 60 Section 5.2. Conditions Precedent to All Credit Events 66 ARTICLE VI REPRESENTATIONS AND WARRANTIES 66 Section 6.1. Corporate Status 66 Section 6.2. Corporate Power and Authority 67 Section 6.3. No Violation 67 Section 6.4. Governmental and Other Approvals 67 Section 6.5. Financial Statements; Financial Condition; Undisclosed Liabilities; Projections 67 Section 6.6. Litigation 69 Section 6.7. True and Complete Disclosure 69 Section 6.8. Use of Proceeds; Margin Regulations 69 Section 6.9. Taxes 70 Section 6.10. Compliance With ERISA 70 Section 6.11. Security Documents 71 Section 6.12. Documents 72 Section 6.13. Ownership of Property 72 Section 6.14. Capitalization 72 Section 6.15. Subsidiaries 73 Section 6.16. Compliance With Law, Etc. 73 Section 6.17. Investment Company Act 73 Section 6.18. Public Utility Holding Company Act 73 Section 6.19. Environmental Matters 74 Section 6.20. Labor Relations 74 Section 6.21. Intellectual Property, Licenses, Franchises and Formulas 74 Section 6.22. Certain Fees 75 Section 6.23. The Transactions 75 Section 6.24. Subordination 75 ARTICLE VII AFFIRMATIVE COVENANTS 75 Section 7.1. Financial Statements 75 Section 7.2. Certificates; Other Information 76 Section 7.3. Notices 77 Section 7.4. Conduct of Business and Maintenance of Existence 78 Section 7.5. Payment of Obligations 78 Section 7.6. Inspection of Property, Books and Records 79 Section 7.7. ERISA 79 Section 7.8. Maintenance of Property, Insurance 80 Section 7.9. Environmental Laws 80 Section 7.10. Interest Rate Protection 81 Section 7.11. Use of Proceeds 81 Section 7.12. Additional Security; Further Assurances 81 Section 7.13. End of Fiscal Years; Fiscal Quarters 83 Section 7.14. Senior Debt Ratings 83 Section 7.15. Ownership of Subsidiaries 83 Section 7.16. Landlord Consents 83 Section 7.17. TNS Investments, Inc 83 ARTICLE VIII NEGATIVE COVENANTS 83 Section 8.1. Liens 83 Section 8.2. Indebtedness 84 Section 8.3. Guaranties 86 Section 8.4. Consolidation, Merger, Purchase or Sale of Assets, etc. 86 Section 8.5. Dividends or Other Distributions 88 Section 8.6. Limitation on Certain R...
Sample 1
Reduction of Commitments Payments and Prepayments. 4.1 Voluntary Reduction of Commitments ---------------------------------- (a) Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each Lender), the Borrower shall have the right, without premium or penalty, to terminate the unutilized portion of the Domestic Revolving Commitments, the Multicurrency Revolving Commitments and/or, the Swing Line Commitment, as the case may be, in part or in whole; provided that (w) any such voluntary -------- termination of the Domestic Revolving Commitments and/or Multicurrency Revolving Commitments, as the case may be, shall apply to proportionately and permanently reduce the Domestic Revolving Commitment and/or Multicurrency Revolving Commitments, as the case may be, of each Domestic Revolving Lender or Multicurrency Revolving Lender, as the case may be, (x) any partial voluntary reduction pursuant to this Section 4.1 shall be in the amount of at least ----------- $10,000,000 and integral multiples of $5,000,000 in excess of that amount (y) any such voluntary termination of the Domestic Revolving Commitments shall occur simultaneously with a voluntary prepayment, pursuant to Section 4.3 such that ----------- the total of the Domestic Revolving Commitments shall not be reduced below the aggregate principal amount of outstanding Domestic Revolving Loans plus the Assigned Dollar Value of the aggregate Domestic LC Obligations and the Assigned Dollar Value of the Swing Line Loans and (z) any such voluntary termination of the Multicurrency Revolving Commitment shall occur simultaneously with a voluntary prepayment, pursuant to Section 4.3 such that the total of the Multicurrency Revolving Commitments shall ----------- not be reduced below the Assigned Dollar Value of the aggregate principal amount of outstanding Multicurrency Revolving Loans plus the aggregate Assigned Dollar Value of the Multicurrency LC Obligations.
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Reduction of Commitments Payments and Prepayments 
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Related to Reduction of Commitments Payments and Prepayments

  • Payments Reductions of Commitments Prepayments 63 2.5. Promise to Pay; Promissory Notes. 68

  • Mandatory Prepayments and Commitment Reductions 22 2.7 Conversion and Continuation Options............................ 23 2.8 Limitations on Eurodollar Tranches............................. 23 2.9 Interest Rates and Payment Dates............................... 23 2.10 Computation of Interest and Fees............................... 24 2.11 Inability to Determine Interest Rate........................... 24 2.12 Pro Rata Treatment and Payments................................ 25 2.13

  • Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the Stated Maturity Date therefor. Prior thereto, the Borrower

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

  • Mandatory Prepayments Commitment Reductions 68 2.13 Application of Prepayments/Reductions ..............................................70 2.14 Allocation of Certain Payments and Proceeds.........................................71 2.15

  • Payments and Prepayments 1.1 Payments and prepayments of principal and interest on this Note shall be made to Payee at 000 Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxxx, X.X. 10604.

  • Reduction of Commitments The Revolver Commitments shall terminate on the Maturity Date. Borrowers may reduce the Revolver Commitments of either Class, without premium or penalty, to an amount not less than the sum of (A) the Revolver Usage of such Class as of such date, plus (B) the principal amount of all Revolving Loans of such Class not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit of such Class not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than five (5) Business Days prior written notice to Agent or such shorter period as the Agent may agree in its reasonable discretion, and shall be irrevocable; provided that such notice of termination may state that such notice is conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice may be revoked by Borrowers (by notice to Agent from Parent on or prior to the specified effective date) if such condition is not satisfied. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Revolving Lender proportionately in accordance with its ratable share thereof.

  • Voluntary Prepayments Commitment Reductions (a) Prior to the Stated Maturity Date, the Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided, however, that:

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Mandatory Repayments and Commitment Reductions (a) In addition to any other mandatory repayments pursuant to this Section 4.02 or any other Section of this Agreement, (i) the outstanding Loans (other than Deferred Loans) shall be repaid on each Repayment Date (or such other date as may be agreed between the Facility Agent and the Borrower) (without further action of the Borrower being required) as set forth under the heading “Part 1” on Schedule 4.02 hereto and (ii) the outstanding Deferred Loans shall be repaid on each Repayment Date (or such other date as may be agreed between the Facility Agent and the Borrower) (without further action of the Borrower being required) (x) in the case of the First Deferred Loans, as set forth under the heading “Part 2” on Schedule 4.02 hereto and (y) in the case of the Second Deferred Loans, as set forth under the heading “Part 3” on Schedule 4.02 hereto (each such repayment of a Loan (including a Deferred Loan), a “Scheduled Repayment”). The repayment schedule for the Loans (other than Deferred Loans) and Deferred Loans is set forth in Schedule 4.02.

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