Reduction or Termination of the Commitments Sample Clauses

Reduction or Termination of the Commitments. The Company may from time to time on at least five Business Days' prior written notice received by the Agent (which shall promptly advise each Bank thereof) permanently reduce the Commitment Amount to an amount not less than the Total Outstandings. Any such reduction shall be in an amount not less than $5,000,000 or a higher integral multiple of $1,000,000. The Company may at any time on like notice terminate the Commitments upon payment in full of all Loans and all other obligations of the Company hereunder and cash collateralization in full, pursuant to documentation in form and substance reasonably satisfactory to the Banks, of all obligations arising with respect to the Letters of Credit. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
Reduction or Termination of the Commitments. The Borrower shall have the right, at any time and from time to time, to reduce permanently in part, or to terminate in whole, without penalty or premium, the Total Commitment, upon not less than five (5) Business Days prior notice (by facsimile or by telephone (confirmed in writing promptly thereafter)) received by the Administrative Agent (which shall promptly advise each Bank thereof), which notice shall designate the date (which shall be a Business Day) of such reduction or termination and the amount of any partial reduction of the Total Commitment; provided that the Borrower may not reduce the Total Commitment to an amount which is less than the Aggregate Outstanding Loans on the effective date specified in the Borrower’s aforesaid notice. Any such partial reduction of the Total Commitment shall be in a minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof. Such partial reduction or termination of the Total Commitment shall be effective on the date specified in the Borrower’s aforesaid notice. The Borrower may only terminate the Total Commitment upon payment in full of all Aggregate Outstanding Loans and all other Bank Obligations. Any partial reduction of the Total Commitment shall reduce each Bank’s Commitment by an amount equal to such Bank’s pro rata share of the aggregate reduction in the Total Commitment.
Reduction or Termination of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Reduction or Termination of the Commitments. The Company may from time to time prior to the Termination Date on at least three Business Days' prior written notice given by an Authorized Person to any Bank permanently reduce the amount of such Bank's Commitment to an amount not less than the aggregate unpaid principal amount of the Loans made by such Bank then outstanding. Any such reduction shall be in an aggregate amount of not less than 1,000,000 U.S. Dollars, or such lesser amount of such Bank's Unused Amount then remaining.
Reduction or Termination of the Commitments. (a) The Company may, upon not less than three Business Days' prior written notice to the Administrative Agent, (i) terminate the Commitments upon payment in full by the Borrowers of all outstanding obligations hereunder or (ii) permanently reduce the amount of the Commitments, by an amount equal to US$10,000,000 or a higher integral multiple of US$1,000,000, to an amount which is not less than the Total Outstandings.
Reduction or Termination of the Commitments. (a) Unless previously terminated, the Commitments shall terminate on the Termination Date.
Reduction or Termination of the Commitments. (a) The Borrower may, upon at least four Business Days' notice to the Administrative Agent (which notice shall once given be irrevocable), permanently terminate in whole or reduce in part the unused portions of the Total Commitments.
Reduction or Termination of the Commitments. (a) The Borrower may, upon at least three Business Days' notice to the Administrative Agent, permanently terminate in whole or reduce in part the unused portions of any Commitments with respect to Facility A or Facility B and any tranche of either such facility of Loans; provided that, each such partial reduction:
Reduction or Termination of the Commitments. (a) Unless previously terminated, the Commitments (including the US Commitments and Canadian Commitments) shall terminate on the Termination Date.
Reduction or Termination of the Commitments. Borrower may, upon prior notice to Lenders (through Agent), terminate in whole or reduce in part, as of the date specified by Borrower in such notice, any then unused portion of the Aggregate Commitment. From the effective date of any reduction or termination, any commitment fee payable pursuant to the Fee Letter shall be computed on the basis of the Aggregate Commitment as so reduced or terminated. Except as provided in the Schedule, once reduced or terminated, the Aggregate Commitment may not be increased or otherwise reinstated.