Reduction of Revolving Loan Commitments. The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum amount of $25,000,000 and integral multiples of $5,000,000 in excess of that amount (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least three (3) Business Days’ prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal amount of the outstanding Revolving Credit Obligations. All accrued Commitment Fees shall be payable on the effective date of any termination of the obligations of the Revolving Lenders to make Revolving Loans hereunder and all accrued Commitment Fees shall be payable upon any reduction of the Aggregate Revolving Loan Commitment on the amount so reduced.
Reduction of Revolving Loan Commitments. (a) The Borrower prior to the Maturity Date shall have the right in the manner set forth below to reduce (but not increase) the Revolving Loan Commitment.
Reduction of Revolving Loan Commitments. Upon at least three Business Days' notice, (a) the Borrowers may, from time to time, permanently reduce the Canadian Revolving Loan Commitment in whole or in part; provided that, (i) such reduction must be in a minimum amount of $5,000,000 and in integral multiples of $1,000,000 above such amount and (ii) no reduction shall be made which would reduce the Canadian Revolving Loan Commitment to an amount less than the sum of Canadian Revolving Loans then outstanding plus BA Revolving Obligations then outstanding plus Canadian LOC Obligations outstanding; and (b) the U.S. Borrower may from time to time permanently reduce the U.S. Revolving Loan Commitment in whole or in part; provided that, (i) such reduction must be in a minimum amount of $5,000,000 and in integral multiples of $1,000,000 above such amount and (ii) no reduction shall be made which would reduce the U.S. Revolving Loan Commitment to an amount less than the sum of U.S. Revolving Loans then outstanding plus U.S. LOC Obligations then outstanding plus Swing Line Loans then outstanding. Notwithstanding anything above to the contrary, any permanent reduction of the Revolving Loan Commitments must be done on a basis such that both the Canadian Revolving Loan Commitment and the U.S. Revolving Loan Commitment reduce simultaneously on a pro rata basis.
Reduction of Revolving Loan Commitments. Prior to the Conversion Date, ---------------------------------------- the Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum amount of $25,000,000 and integral multiples of $5,000,000 in excess of that amount (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least three (3) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, -------- ------- that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal amount of the outstanding Revolving Credit Obligations. All accrued Facility Fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder (other than a termination of such obligations pursuant to Section 2.2(b)) or any -------------- reduction of the Aggregate Revolving Loan Commitment on the amount so reduced.
Reduction of Revolving Loan Commitments. On the First Amendment Effective Date (as defined in Section 4 below) and immediately prior to the consummation of the assignments on the First Amendment Effective Date pursuant to the Specified Assignments and Acceptances (as defined in Section 1.2 below), (i) the Revolving Loan Commitments of the Lenders shall be decreased to the amounts set forth on Schedule 2.01(d) attached hereto as Annex 2 and (ii) the second sentence of subsection 2.01(c) is amended and restated in its entirety as follows: "The original amount of each Lender's Revolving Loan Commitment (a) for the period commencing on the Closing Date and ending on the date immediately preceding the First Effective Date is set forth opposite its name on Schedule 2.01(a) annexed hereto and the aggregate original amount of the Revolving Loan Commitments for such period is $53,000,000, (b) for the period commencing on the First Effective Date and ending on the date immediately preceding the Second Effective Date is set forth opposite its name on Schedule 2.01(b) annexed hereto and the aggregate amount of the Revolving Loan Commitments for such period is $63,000,000, (c) for the period commencing on the Second Effective Date and ending on the date immediately preceding the First Amendment Effective Date is set forth opposite its name on Schedule 2.01(c) annexed hereto and the aggregate amount of the Revolving Loan Commitments for such period is $85,000,000, (d) for the First Amendment Effective Date (after giving effect to the reduction in Commitments occurring on such date but before giving effect to the assignments occurring on such date pursuant to the Specified Assignments and Acceptances) is set forth opposite its name on Schedule 2.01(d) annexed hereto and the aggregate amount of Revolving Loan Commitments for the First Amendment Effective Date (after giving effect to the reduction in Commitments occurring on such date but before giving effect to the assignments occurring on such date pursuant to the Specified Assignments and Acceptances) is $45,000,000, and (e) for the period commencing on the First Amendment Effective Date (after giving effect to the reduction in Commitments occurring on such date and to the assignments occurring on such date pursuant to the Specified Assignments and Acceptances) and thereafter is set forth opposite its name on Schedule 2.01(e) annexed hereto and the aggregate amount of the Revolving Loan Commitments on the First Amendment Effective Date (after giving effect to ...
Reduction of Revolving Loan Commitments. If, at any time, the aggregate outstanding principal amount of the Revolving Loans exceeds the lesser of (i) the Revolving Aggregate Maximum Credit Amount, and (ii) the Revolving Borrowing Base (as most recently CONFIDENTIAL TREATMENT REQUESTED BY CINEDIGM CORP. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. determined) (any such date, an “Excess Date” and the amount of any such excess, the “Revolving Loan Excess”), the Borrower shall, as promptly as possible (but in no event later than three days following the Excess Date), either: (x) make a prepayment in respect of the outstanding amount of the Revolving Loans in the amount of the Revolving Loan Excess or (y) deliver an Equity Raise Notice in respect of any portion of the Revolving Loan Excess for which it does not have sufficient cash on hand. If the Borrower delivers an Equity Raise Notice in accordance with the foregoing, it shall have an additional six days from delivery of such Equity Raise Notice to make a prepayment in respect of the outstanding amount of the Revolving Loans in the amount of the Revolving Loan Excess solely from the proceeds of common equity securities of the Borrower.
Reduction of Revolving Loan Commitments. (i) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum amount of $25,000,000 and integral multiples of $5,000,000 in excess of that amount (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least three (3)
Reduction of Revolving Loan Commitments. The Borrowers shall have the right at any time and from time to time upon five Business Days' prior written notice to the Administrative Agent to reduce by $5,000,000 or an integral multiple of $1,000,000 in excess thereof or to terminate entirely the unborrowed portion of the Revolving Loan Commitments, whereupon the Revolving Loan Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages with respect to the Revolving Loan Commitments of the amount specified in such notice or, as the case may be, terminated, any such reduction to be without penalty (other than any payments required under Section 4.7 in the event such reduction requires repayment of a Eurodollar Rate Loan), PROVIDED, that no such reduction may reduce the Revolving Loan Commitments to an amount that is less than the sum of the principal amount of Revolving Loans outstanding plus the Letter of Credit Exposure in effect immediately after giving effect to such reduction. Promptly after receiving any notice of the Borrowers delivered pursuant to this Section 2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any unused commitment fee under Section 2.2 then accrued on the amount of the reduction. No reduction or termination of the Revolving Loan Commitments may be reinstated.
Reduction of Revolving Loan Commitments. The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in a minimum amount of $1,000,000 or in integral multiples of $500,000 in excess thereof, upon at least two (2) Business Days' written notice to the Agent, which notice shall specify the amount of any such reduction; PROVIDED, HOWEVER, that the Aggregate Revolving Loan Commitment may not be reduced below the aggregate outstanding principal amount of the Revolving Loans and L/C Obligations. All accrued commitment fees relating to the terminated portion of the Aggregate Revolving Loan Commitment shall be payable on the effective date of such termination.
Reduction of Revolving Loan Commitments. The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount, upon at least five Business Days' prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Revolving Lenders to make Revolving Loans hereunder.
