Termination or Reduction of the Commitments. (a) AEP shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the Available Commitments, provided that (i) each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such termination or reduction shall be made that would reduce the aggregate Commitments to an amount less than the Outstanding Credits on the date of such termination or reduction.
Appears in 14 contracts
Samples: Credit Agreement (Appalachian Power Co), Credit Agreement (Public Service Co of Oklahoma), Credit Agreement (Indiana Michigan Power Co)
