Common use of Termination or Reduction of Revolving Credit Commitments Clause in Contracts

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 3 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

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Termination or Reduction of Revolving Credit Commitments. The Parent Borrower Borrowers shall have the right, upon not less than three five Business Days’ notice to the Administrative AgentLender, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided provided, that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total aggregate principal amount of the Revolving Extensions of Credit Loans then outstanding would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 100,000 or a whole multiple of $1,000,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 2 contracts

Samples: Credit Agreement (Merisel Inc /De/), Credit Agreement (Merisel Inc /De/)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three two Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 2 contracts

Samples: Credit Agreement (Imperial Holly Corp), Credit Agreement (Imperial Holly Corp)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate any of the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of any of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 2 contracts

Samples: Credit Agreement (Tesoro Petroleum Corp /New/), Credit Agreement (Tesoro Petroleum Corp /New/)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,0005,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

Termination or Reduction of Revolving Credit Commitments. The Parent U.S. Borrower shall have the right, upon not less than three five Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Available Revolving Credit CommitmentsCommitment or Available Multicurrency Commitment of any Lender would not be greater than or equal to zero. Any such reduction shall be in an amount equal to $1,000,000, 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 2 contracts

Samples: Lear Corp Eeds & Interiors, Lear Corp /De/

Termination or Reduction of Revolving Credit Commitments. (a) The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Physician Computer Network Inc /Nj)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three five Business Days’ notice to the Administrative AgentLender, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided provided, that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total aggregate principal amount of the Revolving Extensions of Credit Loans then outstanding would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 100,000 or a whole multiple of $1,000,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Merisel Inc /De/)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000500,000, or a whole multiple of $1,000,000 100,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Credit Inc)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Friendly Ice Cream Corp)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,0003,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Rotech Healthcare Inc)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower Borrowers shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit Commitments; provided that that, no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit CommitmentsMaximum Facility Availability. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (KKR Real Estate Finance Trust Inc.)

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Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three five Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided provided, that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Aggregate Outstanding RC Extensions of Credit would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 100,000 or a whole multiple of $1,000,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Corp/De/)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower Borrowers shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Delek US Holdings, Inc.)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three five Business Days’ Days irrevocable notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; , provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Aggregate Outstanding Revolving Extensions Credit of all Revolving Credit Lenders would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, 5,000,000 or a whole multiple of $1,000,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Promedco Management Co)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the aggregate amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, if after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Outstanding Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Anc Rental Corp)

Termination or Reduction of Revolving Credit Commitments. (a) The Parent Borrower shall have the right, upon not less than three one Business Days’ Day's notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, or from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction Commitments to an amount not less than the aggregate principal amount of Revolving Credit Commitments shall be permitted if, Loans outstanding after giving effect thereto and to any prepayments of the Revolving Credit Loans being made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitmentssuch reduction. Any such reduction shall be in an amount equal to $1,000,000, 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect. Any such reduction shall also reduce pro rata the amounts of the then remaining mandatory reductions specified in subsection 2.4(b).

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit Exposure would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000500,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Possession Credit Agreement (NBC Acquisition Corp)

Termination or Reduction of Revolving Credit Commitments. The Parent Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Grand Union Co /De/)

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