Common use of Revolver Commitments Clause in Contracts

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments to an amount not less than the greater of (x) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple of $5,000,000, shall be made by providing not less than 5 Business Days prior written notice to Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.

Appears in 3 contracts

Samples: Credit Agreement (Omniture, Inc.), Credit Agreement (Omniture, Inc.), Credit Agreement (Omniture, Inc.)

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Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple not less than $10,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,00010,000,000), shall be made by providing not less than 5 10 Business Days prior written notice to Agent Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments Commitment of each Lender proportionately in accordance with its Pro Rata Share ratable share thereof.

Appears in 2 contracts

Samples: Credit Agreement (Titan Machinery Inc.), Credit Agreement (Titan Machinery Inc.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount not less than the greater of (xA) the $20,000,000 or (B) sum of (Ax) the Revolver Usage as of such date, plus (By) the principal amount of all Advances not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (Cz) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple of not less than $5,000,000, shall be made by providing not less than 5 Business Days prior written notice to Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share ratable share thereof.

Appears in 2 contracts

Samples: Credit Agreement (Jack Cooper Holdings Corp.), Credit Agreement (Jack Cooper Holdings Corp.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple not less than $10,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,00010,000,000), shall be made by providing not less than 5 10 Business Days prior written notice to Agent Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments Commitment of each Lender proportionately in accordance with its Pro Rata Share ratable share thereof.. (ii)

Appears in 1 contract

Samples: Credit Agreement (Titan Machinery Inc.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments to an amount (which may be zero) not less than the greater of (x) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances not yet made as to which a request has been given by Administrative Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Administrative Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple of $5,000,0001,000,000 (unless the Revolver Commitments in effect immediately prior to such reduction are less than $1,000,000), shall be made by providing not less than 5 10 Business Days prior written notice to Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Angiotech Pharmaceuticals Inc)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount not less than the greater of (xA) $40,000,000, and (B) the sum of (Ax) the Revolver Usage as of such date, plus (By) the principal amount of all Advances Revolving Loans not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (Cz) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple of not less than $5,000,000, shall be made by providing not less than 5 10 Business Days prior written notice to Agent Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share ratable share thereof.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments to an amount (which may be zero) not less than the greater of (x) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple not less than $1,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,0001,000,000), shall be made by providing not less than 5 10 Business Days prior written notice to Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.be

Appears in 1 contract

Samples: Credit Agreement (Realpage Inc)

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Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may at any time or from time to time reduce the Revolver Commitments Commitments, without premium or penalty, to an amount not less than the greater of (xA) $25,000,000 and (B) an amount not less than the sum of (A1) the Revolver Usage as of such date, plus (B2) the principal amount of all Advances Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C3) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple of not less than $5,000,000500,000, shall be made by providing not less than 5 Business Days prior written notice to Agent Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share ratable share thereof.

Appears in 1 contract

Samples: Credit Agreement (Medical Action Industries Inc)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Subject to the payment of any fees required to be paid pursuant to the Fee Letter, ATI-2336232v16 8 Borrowers may reduce the Revolver Commitments to an amount (which may be zero) not less than the greater of (x) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances not yet made as to which a request has been given by Administrative Borrower under Section 2.3(a2.2(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an not less than $500,000 and integral multiple multiples of $5,000,000100,000 in excess thereof (unless the Revolver Commitments in effect immediately prior to such reduction are less than $500,000), shall be made by providing not less than 5 10 Business Days prior written notice to Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.

Appears in 1 contract

Samples: Credit Agreement (Securus Technologies, Inc.)

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (x) the sum of (A) the Revolver 126471205_8 Usage as of such date, plus (B) the principal amount of all Advances Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a), and (y) $10,000,000. Each such reduction made pursuant to this Section 2.4(c) shall be in an amount which is an integral multiple not less than $10,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,00010,000,000), shall be made by providing not less than 5 10 Business Days prior written notice to Agent Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments Commitment of each Lender proportionately in accordance with its Pro Rata Share ratable share thereof.

Appears in 1 contract

Samples: Credit Agreement (Titan Machinery Inc.)

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