Reductions in Commitments Sample Clauses

Reductions in Commitments. (a) The Company shall have the right to terminate or reduce the unused portion of the Commitments at any time or from time to time upon not less than three Business Days' prior notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall be in a minimum amount of $50,000,000 or a whole multiple of $5,000,000 in excess thereof) and shall be irrevocable and effective only upon receipt by the Administrative Agent, provided that no such reduction or termination shall be permitted if after giving effect thereto, and to any prepayments of the Committed Rate Loans made on the effective date thereof, the then outstanding principal amount of the Aggregate Loans would exceed the Aggregate Commitments then in effect. (b) The Aggregate Commitments shall be reduced (I) (w) on the tenth Business Day following the date of receipt by the Company or any Subsidiary of any Net Cash Proceeds from any Designated Asset Sale, in an amount equal to 100% of such Net Cash Proceeds, (x) on the Business Day following the date of receipt by the Company or any Subsidiary of the Net Cash Proceeds of any sale, issuance or incurrence of Designated Equity or Designated Debt Securities, in an amount equal to 100% of such Net Cash Proceeds, (y) on the Business Day following the date of receipt by the Company or any Subsidiary of the Net Cash Proceeds of any Receivables Securitization, in an amount equal to 100% of such Net Cash Proceeds, provided that in connection with the receipt of any Net Cash Proceeds from any Receivables Securitization after the first reduction of the Aggregate Commitments as the result of the application of this clause (y), the Aggregate Commitments shall not be reduced by the amount of such Net Cash Proceeds as otherwise required above until the aggregate amount of all such Net Cash Proceeds received whose application is deferred by virtue of this proviso equals $50,000,000 (whereupon the full amount of such Net Cash Proceeds (and not just the excess over $50,000,000) shall be applied as otherwise required by this clause (y) (without regard to this proviso)) and (z) and on the Business Day following the date of receipt by the Company or any Subsidiary of any Net Cash Proceeds from any sale or other disposition by it of the capital stock of Amgen Inc., in an amount equal to the amount by wh...

Reductions in Commitments. Subject to the limitations set forth below, the Borrower may permanently reduce the aggregate Commitments, in whole, or ratably among the Groups, in part, in a minimum amount of $10,000,000 (or a larger integral multiple of $1,000,000), upon at least fifteen (15) Business Days’ written notice to the Co-Agents (each, a “Commitment Reduction Notice”), which notice shall specify the aggregate amount of any such reduction of the aggregate Commitments and the Committed Lenders’ respective Ratable Shares thereof. Notwithstanding the foregoing, no Commitment may be reduced below the aggregate outstanding Credit Exposure thereunder unless accompanied by a simultaneous prepayment of Principal or pledge and deposit of cash collateral into the LC Collateral Account in an aggregate amount equal to such excess Credit Exposure. In addition to and without limiting any other requirements for termination, prepayment and/or the funding of the LC Collateral Account hereunder, no termination of the Administrative Agent’s security interest in the Collateral shall be effective unless and until (x) the amount on deposit in the LC Collateral Account is at least equal to the then Outstanding Face Amount plus the Expected LC Fees, (y) the Aggregate Principal is reduced to zero and (z) all accrued and unpaid fees and all other amounts owed to the Agents, the LC Issuer or the Lenders under this Agreement and each of the other Transaction Documents have been paid or Cash Collateralized in full. Each Commitment Reduction Notice shall be irrevocable once delivered to the Co-Agents and, as applicable, the LC Issuer.

Reductions in Commitments. The Borrower may, at its option, ------------------------- permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in accordance with their Pro Rata Shares, in a minimum amount of $1,000,000 and in integral multiples of $500,000, upon at least 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 Outstanding Credit Exposure.

Reductions in Commitments. (i) The Borrower may at any time upon at least two (2) Business Days’ (or such shorter period as is acceptable to the Revolver Agent) prior written notice by the Borrower to the Revolver Agent permanently reduce the Aggregate Revolving Loan Commitment, without premium or penalty; provided that (i) such reductions shall be in an amount greater than or equal to $1,000,000, and (ii) other than on the Facility Termination Date, after giving effect to such reduction, Availability shall be not less than $2,500,000. All reductions of the Aggregate Revolving Loan Commitment shall be allocated pro rata among all Lenders with a Revolving Loan Commitment. A permanent reduction of the Aggregate Revolving Loan Commitment shall not require a corresponding pro rata reduction in the L/C Sublimit or the Swingline Commitment; provided that the L/C Sublimit and/or the Swingline Commitment, as applicable, shall be permanently reduced by the amount thereof in excess of the Aggregate Revolving Loan Commitment.

Reductions in Commitments. The Borrower may at any time upon at least two (2) Business Days’ (or such shorter period as is acceptable to Agent) prior written notice by the Borrower to Agent permanently reduce the Aggregate Revolving Loan Commitment; provided that such reductions shall be in an amount greater than or equal to $500,000. All reductions of the Aggregate Revolving Loan Commitment shall be allocated pro rata among all Lenders with a Revolving Loan Commitment. A permanent reduction of the Aggregate Revolving Loan Commitment shall not require a corresponding pro rata reduction in the L/C Sublimit or the Swingline Commitment; provided that the L/C Sublimit and/or the Swingline Commitment, as applicable, shall be permanently reduced by the amount thereof in excess of the Aggregate Revolving Loan Commitment.

Reductions in Commitments. The Borrower may permanently reduce the ------------------------- Working Capital Revolving Credit Commitment or the Acquisition Loan Commitment, in whole or in part, in integral multiples of $1,000,000, upon at least three Business Days' written notice to the Lender, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Working Capital Revolving Credit Commitment and/or the Acquisition Loan Commitment may not be reduced below the aggregate principal amount of the Loans outstanding under the Working Capital Revolving Credit Facility or the Acquisition Loan Facility, as applicable.

Reductions in Commitments. The Borrower may from time to time permanently reduce the Revolving Committed Amount in whole or in part without premium or penalty except as provided in Section 3.10 upon three (3) Business Days’ prior written notice to the Agent (which notice may be conditioned upon the consummation of replacement financing); provided that after giving effect to any such voluntary reduction the sum of Revolving Loans plus Swing Line Loans plus LC Obligations then outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced. Except as otherwise specified herein, partial reductions in the Revolving Committed Amount shall in each case be in a minimum aggregate amount of $5,000,000 and integral multiples of $500,000 in excess thereof.

Reductions in Commitments. Subject to the limitations set forth below, the Borrower may permanently reduce the aggregate Commitments, in whole, or ratably among the Groups, in part, in a minimum amount of $10,000,000 (or a larger integral multiple of $1,000,000), upon at least fifteen (15) Business Days’ written notice to the Co-Agents (each, a “Commitment Reduction Notice”), which notice shall specify the aggregate amount of any such reduction of the aggregate Commitments

Reductions in Commitments. EUA may reduce the aggregate Commitments in whole or, from time to time, in part, by giving the Agent notice (which shall be irrevocable) thereof no later than 10:00 a.m. on the third Business Day before the requested date of such reduction, except that (a) no partial reduction of the Commitments shall be in an aggregate amount less than $5,000,000, and (b) no reduction may reduce the Commitments to an amount less than the aggregate amount of Loans outstanding. Upon receipt of any such notice, the Agent shall promptly notify each Bank of the contents thereof and the amount to which such Bank's Commitment is to be reduced.