Reduction of Revolving Commitment. (i) In addition to the commitment reductions pursuant to Section 2.12(b)(ii) and 2.13(f), the Revolving Commitment shall be permanently reduced and terminated in full on the Maturity Date with respect to the Revolving Credit Facility. Any outstanding principal balance of the Revolving Loans not sooner due and payable will become due and payable on such Maturity Date and shall be accompanied by accrued interest on the amount repaid, any applicable fees pursuant to Section 3.5 and any other fees required hereunder.
Reduction of Revolving Commitment. The Revolving Commitments shall be reduced at the times and in the amounts as required pursuant to Section 4.5(b) and Section 4.5(h).
Reduction of Revolving Commitment. The Borrower shall have the right, upon at least three Business Days' irrevocable notice to the Agent, to terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments; provided that each partial reduction of the Revolving Commitments shall be in the aggregate amount of $5,000,000.00 or in integral multiples of $1,000,000.00 in excess thereof. Any reduction or termination of the Revolving Commitments pursuant to this Section 2.01(c) shall be permanent, with no obligation of the Banks to reinstate such Revolving Commitments and the commitment fees provided for in Section 2.07(a) shall thereafter be computed on the basis of the Revolving Commitments, as so reduced.
Reduction of Revolving Commitment. On each date that the Revolving Commitments are reduced pursuant to Section 2.6 or clause (b) of this Section 5.4 prior to the Revolving Termination Date, Borrower shall prepay the Loans in the amount, if any, by which the sum of the total Revolving Exposure exceeds the total Revolving Commitments (as reduced) together with any amounts due under Section 6.5 as a result of such prepayment or , if no Loans are outstanding, deposit cash collateral in an account with Agent pursuant to Section 2.7(j) in an amount equal to such excess.
Reduction of Revolving Commitment. Section 2.1(e) of the Credit Agreement is hereby amended to read in its entirety as follows:
Reduction of Revolving Commitment. The Revolving Commitment is hereby permanently reduced to an aggregate principal amount of $40,000,000. The Lender hereby waives the requirement under Section 2.05 of the Credit Agreement that the Borrower provide the Lender with five Business Days’ prior written notice of such reduction of the Revolving Commitment.
Reduction of Revolving Commitment. Immediately upon the Third Amendment becoming effective, the Revolving Commitments shall be reduced automatically to an aggregate amount equal to $20,000,000, such reduction to be applied ratably to the Revolving Commitments. In furtherance of the foregoing, each of the Lenders party hereto hereby waives the notice requirement under Section 2.07(c) of the Credit Agreement.
Reduction of Revolving Commitment. The Borrower may at any time or from time to time permanently reduce the amount of the Revolving Commitment by giving notice of the amount of such reduction to the Bank and prepaying the amount by which the principal balance of the then outstanding Revolving Advances exceeds the reduced amount of the Revolving Commitment. Further, the Borrower may terminate the Revolving Commitment at any time by giving notice of such termination to the Bank and paying the entire principal balance of the Revolving Note and all unpaid interest, fees and other charges accrued in respect of the Revolving Loan.
Reduction of Revolving Commitment. If at any time the outstanding principal amount of the Revolving Loans, plus the aggregate stated amount of all Letters of Credit exceeds the Revolving Commitment, as the Revolving Commitment may be reduced pursuant to the terms hereof, the Borrower shall immediately prepay the Revolving Notes without penalty or premium (except that any such prepayment of any LIBOR Loan shall be made together with the applicable Prepayment Premium), in an amount necessary to cause the outstanding principal amount of the Revolving Loans, plus the aggregated stated amount of all Letters of Credit not to exceed the Revolving Commitment, as so reduced.
Reduction of Revolving Commitment. Section 1.1 of the Loan Agreement is hereby further amended such that the definition of "Revolving Commitment" shall read in full as follows:
