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.
Appears in 1 contract
Sources: Credit Agreement (Nesco Inc/Ok)
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 (i) the amount of the Working Capital Revolving Credit Commitment and/or may not be reduced below the Outstanding Working Capital Credit Exposure, and (ii) the amount of the Acquisition Loan Commitment may not be reduced below the aggregate principal amount of the outstanding Acquisition Loans outstanding under the Working Capital Revolving Credit Facility or the and Acquisition Loan Facility, as applicableTerm Loans.
Appears in 1 contract
Sources: Credit Agreement (Nesco Inc/Ok)