Revolving Credit Commitment Terminations. The Borrower shall have the right at any time and from time to time, upon five (5) Business Days’ prior written notice to the Lender, to terminate the Revolving Credit Commitment without premium or penalty, in whole or in part, any partial termination to be in an amount not less than $2,000,000 and integral multiples of $1,000,000 in excess thereof, provided that the Revolving Credit Commitment may not be reduced to an amount less than the sum of the amount of all Loans then outstanding. Any termination of Revolving Credit Commitment pursuant to this Section 2.12 may not be reinstated.
Appears in 3 contracts
Sources: Seasonal Credit Agreement (Peoples Energy Corp), Seasonal Credit Agreement (Peoples Energy Corp), Seasonal Credit Agreement (Peoples Energy Corp)