Common use of Voluntary Prepayments; Reductions in Revolving Loan Commitments Clause in Contracts

Voluntary Prepayments; Reductions in Revolving Loan Commitments. Borrower may at any time on at least five (5) days’ prior written notice to Agent permanently reduce (but not terminate) the Revolving Loan Commitment; provided, that (A) any such reductions shall be in a minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of such amount, and (B) after giving effect to such reductions, Borrower shall comply with Section 1.3

Appears in 2 contracts

Samples: Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc)

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Voluntary Prepayments; Reductions in Revolving Loan Commitments. Borrower Borrowers may at any time on at least five (5) 5 days’ prior written notice by Borrower Representative to Agent permanently reduce (but not terminate) the Revolving Loan Commitment; provided, that (A) any such prepayments or reductions shall be in a minimum amount of $1,000,000 5,000,000 and integral multiples of $1,000,000 250,000 in excess of such amount, and (B) after giving effect the Revolving Loan Commitment shall not be reduced to such reductions, Borrower shall comply with Section 1.3an amount less than the lesser of

Appears in 1 contract

Samples: Credit Agreement (Amedisys Inc)

Voluntary Prepayments; Reductions in Revolving Loan Commitments. Borrower may at any time on at least five (5) days’ prior written notice to Agent permanently reduce (but not terminate) the Revolving Loan Commitment; provided, provided that (A) any such reductions shall be in a minimum amount of $1,000,000 3,000,000 and integral multiples of $1,000,000 250,000 in excess of such amount, (B) the Revolving Loan Commitment shall not be reduced to an amount less than the amount of the Revolving Loan outstanding, and (BC) after giving effect to such reductions, Borrower shall comply with Section 1.3

Appears in 1 contract

Samples: Fourth Amended (Navarre Corp /Mn/)

Voluntary Prepayments; Reductions in Revolving Loan Commitments. A Borrower may at any time on at least five (5) days’ prior written notice to Agent permanently reduce (but not terminate) the Revolving Loan CommitmentCommitment extended to it; provided, provided that (A) any such reductions reduction shall be in a minimum amount of $US$1,000,000 and integral multiples of $1,000,000 US$250,000 in excess of such amountamount (unless the outstanding amounts thereof are less than such minimum payment threshold), (B) no Revolving Loan Commitment shall be reduced without the agreement of the applicable Revolving Lenders, and (BC) after giving effect to such reductions, each Borrower shall comply with Section 1.3

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

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Voluntary Prepayments; Reductions in Revolving Loan Commitments. Borrower may at any time on at least five (5) 5 days' prior written notice by Borrower to Agent permanently reduce (but not terminate) the Tranche A Revolving Loan Commitment; provided, provided that (A) any such prepayments or reductions shall be in a minimum amount of $1,000,000 5,000,000 and integral multiples of $1,000,000 in excess of such amount, (B) the Tranche A Revolving Loan Commitment shall not be reduced to an amount less than $36,000,000, and (BC) after giving effect to such reductions, Borrower shall comply with Section 1.3

Appears in 1 contract

Samples: Credit Agreement (Gottschalks Inc)

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