Reduction of Revolving Commitments. The Revolving Commitments shall be reduced at the time and in the amounts required to be reduced pursuant to Section 4.4(c).
Reduction of Revolving Commitments. The Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the Administrative Agent and the Lenders, to terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments; provided that, each partial reduction shall be in the aggregate amount of $3,000,000 or an integral multiple of $1,000,000 in excess thereof. Any reduction or termination of the Revolving Commitments pursuant to this Section 2.4 shall be permanent, with no obligation of the Lenders to reinstate such Revolving Commitments and the Commitment Fees provided for in Section 2.3(a) shall thereafter be computed on the basis of the Revolving Commitments, as so reduced.
Reduction of Revolving Commitments. On the date of each reduction of the aggregate Revolving Commitments pursuant to Section 2.04, the Borrowers, jointly and severally, agree to make a prepayment in respect of the outstanding amount of the Revolving Advances to the extent, if any, that the aggregate unpaid principal amount of all Revolving Advances plus the Letter of Credit Exposure plus the outstanding principal amount of the Swing Line Advances exceeds the lesser of (i) the Revolving Commitments and (ii) the Borrowing Base.
Reduction of Revolving Commitments. In the event the Revolving Commitments are reduced in accordance with Section 2.4(a), the Borrower shall prepay the Advances to the extent the outstanding Advances plus the Letter of Credit Exposure exceed the reduced Revolving Commitments (or, upon payment in full of all outstanding Advances, to deposit with the Agent into the Cash Collateral Account an amount equal to the amount of the Letter of Credit Exposure which exceeds the Revolving Commitments as so reduced).
Reduction of Revolving Commitments. On the date of each reduction of the aggregate Revolving Commitments pursuant to Section 2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Revolving Advances to the extent, if any, that the aggregate unpaid principal amount of all Revolving Advances exceeds the Revolving Commitments, as so reduced. Each prepayment pursuant to this Section 2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.12 as a result of such prepayment being made on such date.
Reduction of Revolving Commitments. The Revolving Commitments shall be reduced at the time and in the amounts required to be reduced pursuant to Section 4.4(c), (d), (e), (f) and (g). On the Acquisition Revolver Conversion Date, the Revolving Commitments shall be reduced by an amount equal to the greater of (i) the aggregate principal amount of all outstanding Acquisition Term Loans on such date immediately after giving effect to the conversion of Acquisition Revolving Loans into Acquisition Term Loans on such date and (ii) $50,000,000.
Reduction of Revolving Commitments. The Borrower may at any time and from time to time reduce the Revolving Commitments or the Swing Line Commitment; provided that (i) each reduction of the Revolving Commitments shall be in an amount that is at least equal to $5,000,000 or any greater multiple of $1,000,000, (ii) each reduction of the Swing Line Commitment shall be in an amount that is at least equal to $1,000,000 or any greater multiple of $100,000, and (iii) the Borrower shall not reduce (A) the Revolving Commitments if, after giving effect to any concurrent repayment, the total Revolving Credit Exposure would exceed the total Revolving Commitments or (B) the Swing Line Commitment if, after giving effect to any concurrent repayment of the Swing Line Loans in accordance with Section 2.05 or prepayment of the Loans in accordance with Section 2.09, the aggregate principal amount of outstanding Swing Line Loans would exceed the Swing Line Commitment, after giving effect to such termination or reduction. The Borrower shall notify the Agent of any election to reduce the Revolving Commitment or the Swing Line Commitment no later than 11:00 a.m. three Business Days prior to the effective date of such reduction, specifying the effective date thereof. Each notice of reduction of the Revolving Commitment or the Swing Line Commitment shall be irrevocable. Each reduction of the Revolving Commitment shall be permanent and shall be made ratably among the Revolving Lenders in accordance with their respective Revolving Commitments.
Reduction of Revolving Commitments. As of the Amendment Effective Date, without any notice or any other action by any person, the aggregate amount of the Revolving Commitments shall automatically and permanently be reduced by an amount that will result in the Revolving Commitments equaling EUR175,000,000.
Reduction of Revolving Commitments. The Borrower shall voluntarily reduce the Revolving Commitments without the prior written consent of all Banks.
Reduction of Revolving Commitments. VOLUNTARY AND MANDATORY PREPAYMENT.
