Common use of Reductions in Aggregate Commitment Clause in Contracts

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof, upon at least two Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 3 contracts

Samples: Year Revolving Credit Agreement (TJX Companies Inc /De/), Year Revolving Credit Agreement (TJX Companies Inc /De/), Year Revolving Credit Agreement (TJX Companies Inc /De/)

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Reductions in Aggregate Commitment. (a) The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two five (5) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesLetter of Credit Obligations.

Appears in 3 contracts

Samples: Assignment Agreement (Navigators Group Inc), Assignment Agreement (Navigators Group Inc), Assignment Agreement (Navigators Group Inc)

Reductions in Aggregate Commitment. The Borrower may without premium or penalty permanently reduce the Aggregate Commitment in whole whole, or in part part, ratably among the Lenders in a minimum amount of $15,000,000 and aggregate integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two (2) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, provided that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances, after taking into account any prepayments to be made on or before such date.

Appears in 3 contracts

Samples: Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.)

Reductions in Aggregate Commitment. The Borrower Borrowers may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof10,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Nationwide Financial Services Inc/), 364 Day Credit Agreement (Nationwide Financial Services Inc/), Five Year Credit Agreement (Nationwide Financial Services Inc/)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment (and the Maximum Aggregate Commitment) in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two ten Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 2 contracts

Samples: Unsecured Revolving Credit Agreement (Susa Partnership Lp), Revolving Credit Agreement (Susa Partnership Lp)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances. All accrued Facility Fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Coachmen Industries Inc), Three Year Credit Agreement (Coachmen Industries Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among Banks (in proportion to the Lenders ratio that their respective Commitment bear to the Aggregate Commitment) in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000 at any time or from time to time, upon at least two three (3) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the sum of (i) the aggregate principal amount of the outstanding Syndicated AdvancesAdvances plus (ii) the Facility Letter of Credit Obligations.

Appears in 2 contracts

Samples: Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc)

Reductions in Aggregate Commitment. The Subject to Section 2.17, ---------------------------------- the Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum aggregate amount of $15,000,000 5,000,000 (and integral multiples of $2,500,000 1,000,000 in excess thereof), upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the Dollar Equivalent of the aggregate principal amount of the then outstanding Syndicated Advances.

Appears in 1 contract

Samples: Credit Agreement (Jostens Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the sum of the aggregate principal amount of the outstanding Syndicated AdvancesAdvances and the aggregate outstanding L/C Obligations and Swing Line Loans.

Appears in 1 contract

Samples: Credit Agreement (Omnicare Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof, upon at least two Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (TJX Companies Inc /De/)

Reductions in Aggregate Commitment. (a) The Borrower may permanently reduce the Aggregate Commitment Commitment, in whole or in part part, ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two five (5) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount Aggregate Outstanding Credit Exposure. All accrued commitment fees shall be payable on the effective date of any termination of the outstanding Syndicated Advancesobligations of the Lenders to make Credit Extensions hereunder.

Appears in 1 contract

Samples: Credit Agreement (Department 56 Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part part, ratably among the Lenders in a minimum aggregate amount of $15,000,000 5,000,000 (and integral multiples of $2,500,000 500,000 in excess thereof), upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Samples: Assignment Agreement (Firstar Corp /Wi/)

Reductions in Aggregate Commitment. The Borrower may ---------------------------------- permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof1,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that reduction (the amount of the "Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesReduction Notice").

Appears in 1 contract

Samples: Assignment Agreement (Gardner Denver Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, however that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances. All accrued Facility Fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Coachmen Industries Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 3,000,000 (and integral in multiples of $2,500,000 3,000,000 if in excess thereof), upon at least two three (3) Business Days' prior written notice to the Administrative AgentAgent of such reduction, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.Aggregate Outstanding Credit

Appears in 1 contract

Samples: Assignment Agreement (Applebees International Inc)

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Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two ten Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Samples: Assignment Agreement (Storage Usa Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 5,000,000 and in integral multiples of $2,500,000 1,000,000 in excess thereof, upon at least two three Business Days' written notice to the Administrative AgentBank, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount Dollar Amount, calculated as of the date of such reduction of the Commitment, of all outstanding Syndicated Advances.

Appears in 1 contract

Samples: Assignment Agreement (Enesco Group Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum aggregate amount of $15,000,000 5,000,000 (and integral multiples of $2,500,000 500,000 in excess thereof), upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Samples: Credit Agreement (Firstar Corp /Wi/)

Reductions in Aggregate Commitment. The (a) Prior to the Availability Termination Date, the Borrower may without premium or penalty permanently reduce the Aggregate Commitment in whole whole, or in part part, ratably among the Lenders in a minimum amount of $15,000,000 and aggregate integral multiples of $2,500,000 in excess thereof5,000,000 (or if less, the Aggregate Commitment), upon at least two (2) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Samples: Term Loan Agreement (Oklahoma Gas & Electric Co)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof10,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesAggregate Outstanding Credit Exposure.

Appears in 1 contract

Samples: Credit Agreement (Tecumseh Products Co)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 1,000,000 and in integral multiples of $2,500,000 1,000,000 in excess thereof, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount Dollar Amount, calculated as of the date of such reduction of the Aggregate Commitment, of all outstanding Syndicated Advances.

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Enesco Group Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum aggregate amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof10,000,000, upon at least two five Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesTotal Outstandings.

Appears in 1 contract

Samples: Credit Agreement (Interim Services Inc)

Reductions in Aggregate Commitment. The Borrower may without premium or penalty permanently reduce the Aggregate Commitment in whole whole, or in part part, ratably among the Lenders 20 in a minimum amount of $15,000,000 and aggregate integral multiples of $2,500,000 in excess thereof5,000,000 (or if less, the Aggregate Commitment), upon at least two (2) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, provided that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesAggregate Outstanding Credit Exposure, after taking into account any prepayments to be made on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Oge Energy Corp.)

Reductions in Aggregate Commitment. The Borrower may ---------------------------------- permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two three Business Days' Day's written notice to the Administrative Agent, which notice shall specify specify, the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the sum of (i) the Dollar Equivalent of the aggregate principal amount of the then outstanding Syndicated AdvancesAdvances plus (ii) the Facility Letter ---- of Credit Obligations.

Appears in 1 contract

Samples: Revolving Credit Agreement (BDM International Inc /De)

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