Common use of Reduction or Termination of Revolving Commitments Clause in Contracts

Reduction or Termination of Revolving Commitments. The ------------------------------------------------- Borrower shall have the right to terminate or reduce in part the unused portion of the Revolving Commitments at any time and from time to time, provided that: (a) the Borrower shall give notice of each such termination or reduction as provided in Section 5.3; and (b) each partial reduction shall be in an aggregate amount at least equal to $500,000 or a multiple of $100,000 in excess thereof. The Revolving Commitments may not be reinstated after they have been terminated or reduced.

Appears in 1 contract

Samples: Credit Agreement (Learningstar Inc)

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Reduction or Termination of Revolving Commitments. The ------------------------------------------------- Borrower shall have the right to terminate or reduce in part the unused portion of the Revolving Commitments at any time and from time to time, provided that: (a) the Borrower shall give notice of each such termination or reduction as provided in Section 5.3; and (b) each partial reduction shall be in an aggregate amount at least equal to Three Million Dollars ($500,000 or a multiple of $100,000 in excess thereof3,000,000). The Revolving Commitments may not be reinstated after they have been terminated or reduced.

Appears in 1 contract

Samples: Credit Agreement (Horizon Health Corp /De/)

Reduction or Termination of Revolving Commitments. The ------------------------------------------------- Borrower shall have the right to terminate or reduce in part the unused portion of the Revolving Commitments at any time and from time to time, provided that: (a) the Borrower shall give notice of each such termination or reduction as provided in Section 5.3; and (b) each partial reduction shall be in an aggregate amount at least equal to Three Million Dollars ($500,000 or a multiple of $100,000 in excess thereof3,000,000). The Revolving Commitments may not be reinstated after they have been terminated or reduced.

Appears in 1 contract

Samples: Credit Agreement (Horizon Health Corp /De/)

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Reduction or Termination of Revolving Commitments. The ------------------------------------------------- Borrower shall have the right to terminate or reduce in part the unused portion of the Revolving Commitments at any time and from time to time, provided that: (a) the Borrower shall give notice of each such termination or reduction as provided in Section 5.34.3; and (b) each partial reduction shall be in an aggregate amount at least equal to Five Million Dollars ($500,000 or a multiple of $100,000 in excess thereof5,000,000). The Revolving Commitments may not be reinstated after they have been terminated or reduced.

Appears in 1 contract

Samples: Credit Agreement (Software Spectrum Inc)

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