Termination and Reduction of the Commitments. (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.
Termination and Reduction of the Commitments. Scheduled Termination
Termination and Reduction of the Commitments. (a) Scheduled Termination. Unless previously terminated in accordance with the terms hereof, the Commitments shall terminate on the Maturity Date.
Termination and Reduction of the Commitments. (i) The Company may, at any time, upon not less than thirty days' prior written notice to the Agent, a copy of which shall be promptly provided by the Agent to each Lender, reduce the aggregate Commitment Amounts, with any such reduction in a minimum amount of $10,000,000, or, if more, in an integral multiple of $5,000,000 in excess thereof; provided, that the Company may not reduce the aggregate Commitment Amounts below the aggregate principal amount of outstanding Loans. The Company may, upon not less than thirty days' prior written notice to the Agent, a copy of which shall be promptly provided by the Agent to each Lender, terminate the Commitments in their entirety. Upon termination of the Commitments pursuant to this Section, the Company shall pay to the Agent the aggregate amount of all outstanding Loans, all accrued and unpaid interest thereon, any unpaid fees accrued to the date of such termination and all other unpaid obligations of the Company to the Lenders in respect of their Commitments hereunder.
Termination and Reduction of the Commitments. At the close of business on the last Business Day of the Availability Period, the Commitments shall automatically and without notice be reduced to zero, and once borrowed or repaid, the Loan may not be reborrowed.
Termination and Reduction of the Commitments. (a) The Initial Funding Commitments shall automatically and without notice be reduced to zero and terminated upon the close of business on October 31, 2019 in the event that the Initial Funding Date has not occurred on or prior to such date.
Termination and Reduction of the Commitments. (a) Unless previously terminated, the Commitments shall terminate at 5:00 p.m., New York City time, on the Effective Date.
Termination and Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days’ notice to the Agent prior to the Closing Date, to terminate in whole or reduce ratably in part the respective Term Loan Commitments of the Banks, provided, that each partial reduction shall be in the aggregate amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof. Promptly following receipt of any such notice, the Agent shall advise the Banks of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that, in the case of a termination of all of the Term Loan Commitments, the Borrower may provide that such notice is conditioned on the occurrence or non-occurrence of any event specified therein. Any reduction of the Term Loan Commitments shall be permanent. Each reduction of the Term Loan Commitments shall be made ratably among the Banks in accordance with their respective Term Loan Commitments. Notwithstanding the foregoing, the Term Loan Commitments shall automatically terminate at 5:00 p.m. (Charlotte, North Carolina time) on the Termination Date unless sooner terminated pursuant to the terms in this Agreement. The right to terminate or reduce any Incremental Term Loan Commitments shall be governed by, and be subject to the terms and conditions set forth in, the applicable Incremental Term Loan Amendment.
Termination and Reduction of the Commitments. Unless previously terminated, the Tranche A Term Loan Commitments shall terminate on the earlier to occur of (x) 5:00 p.m. on the Effective Date and (y) in the case of any Lender’s Commitment, the date of termination of the Exchange Agreement. 1.75 Lien Term Loan Credit Agreement
Termination and Reduction of the Commitments. (a) Unless previously terminated, the Commitments shall terminate on the Termination Date. (b) The Borrower may, at any time and from time to time, upon not less than three Business days' prior notice to the Administrative Agent, terminate the Aggregate Commitments or permanently reduce the Aggregate Commitments by an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof; provided, however, that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayment of Loans made on the effective date thereof, the then outstanding principal amount of Committed Loans and Bid Loans would exceed the Aggregate Commitments then in effect and, provided, further, that once reduced in accordance with this Section 2.06, the Aggregate Commitments may not be increased. Any reduction of the Aggregate Commitments shall be applied to each Bank's Commitment in accordance with such Bank's Percentage Share. (c) In the event that (i) Senior Notes are issued, or any offering of Indebtedness or equity of the Borrower is completed in lieu of, or in addition to, an offering of Senior Notes, or (ii) the Existing Credit Agreement is modified, supplemented or replaced and the result is an increase in the commitments available to the Borrower, the Aggregate Commitments shall be reduced by (x) the Net Proceeds thereof upon the receipt by the Borrower of such Net Proceeds or (y) the aggregate amount of such increase in commitments upon the effectiveness thereof, as the case may be, and if such reduction would result in the aggregate outstanding amount of Loans exceeding the Aggregate Commitments, the Borrower shall immediately prepay Committed Loans in an amount sufficient to eliminate such excess (and in the event an excess remains after the prepayment of all Committed Loans, the Borrower will place in a cash collateral account maintained with the Administrative Agent for the benefit of the Banks cash in an amount equal to the remaining excess for application to outstanding Bid Loans as they mature until such excess is eliminated). Any such reduction of the Aggregate Commitments and prepayment of Committed Loans shall be applied as among the Banks ratably in accordance with each Bank's Percentage Share. Any such application of cash from a cash collateral account to repay Bid Loans maturing on the same date shall be applied as among the Banks holding such Bid Loans on a pro rata basis based upon the respective amounts...
