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

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.

Appears in 3 contracts

Samples: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)

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Reduction or Termination of the Commitments. (a) The Borrower may, upon at least four three Business Days' notice to the Administrative Agent (which notice shall once given be irrevocable)Agent, permanently terminate in whole or reduce in part the unused portions of the Total Commitments.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:

Appears in 2 contracts

Samples: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)

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Reduction or Termination of the Commitments. (a) The Borrower may, upon at least four three Business Days' notice to the Administrative Agent (which notice shall once given be irrevocable)Agent, permanently terminate in whole or reduce in part the unused portions of any Commitments with respect to any tranche of the Total Commitments.Loans; provided that, each such partial reduction: -------- ----

Appears in 1 contract

Samples: Loan Agreement (D&e Communications Inc)

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