Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Commitment, in whole or in part, in integral multiples of US$5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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Samples: Pledge and Security Agreement (Genco Shipping & Trading LTD), Pledge and Security Agreement (Genco Shipping & Trading LTD)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day's prior notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Commitment, in whole or in part, in an integral multiples multiple of US$5,000,000 $1,000,000 in the case of partial reductions theretoto the Total Commitment, provided PROVIDED that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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Samples: Credit Agreement (Alpine Group Inc /De/), Credit Agreement (Alpine Group Inc /De/)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Loan Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Samples: Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate the Total Unutilized Revolving Loan Commitment in whole, or reduce the unutilized Total Commitment, in whole or it in part, in an integral multiples multiple of US$5,000,000 in the case of partial reductions thereto$10,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender.
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Voluntary Termination of Unutilized Commitments. (a) Termination of Commitments. Upon at least three Business Days’ ' prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$5,000,000 $10,000,000 in the case of partial reductions theretoto the Total Unutilized Commitment, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.Total Unutilized
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Samples: Pledge Agreement (Doubletree Corp)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate the Total Unutilized Revolving Loan Commitment in whole, or reduce the unutilized Total Commitment, it in whole or part in part, in an integral multiples multiple of US$5,000,000 in the case of partial reductions thereto$1,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three two ----------------------------------------------- Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the unutilized Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples a minimum amount of US$$5,000,000 in the case of partial reductions thereto, reductions; provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three two Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$5,000,000 in the case of partial reductions thereto, $1,000,000; provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Loan Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.Total Unutilized Revolving Loan
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Samples: Credit Agreement (Too Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three two Business Days’ ' prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$5,000,000 in the case of partial reductions thereto, $1,000,000; provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each LenderBank.
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Samples: Security Agreement (Eldertrust)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, right at any time or from time to time, without premium or penalty, to terminate or partially reduce the unutilized Total Commitment, in whole or in part, A-2 Term Loan Commitment in integral multiples of US$5,000,000 in the case of partial reductions thereto$1,000,000, provided that each any such reduction shall apply to proportionately to and permanently reduce the A-2 Term Loan Commitment of each Lenderof the Lenders with such a Commitment.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Revolving Loan Commitment, in whole or in part, pursuant to this Section 3.02(a), in an integral multiples multiple of US$5,000,000 $100,000, in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.Total
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Samples: Credit Agreement (Scot Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Commitment, Commitments in whole or in partpart prior to the Commitment Termination Date, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions theretoto the Commitments provided that, provided that in each case, such reduction shall apply proportionately to permanently reduce the Commitment Commitments of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$$5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of US$$5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderLender with such a Commitment.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three four Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$$1,000,000 and a minimum amount of $5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) (i) Upon at ------------------------------------------------ least three one Business Days’ ' prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the unutilized Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of US$5,000,000 in the case of partial reductions thereto, $1,000,000; provided that each such reduction shall apply proportionately to permanently -------- reduce the Revolving Loan Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ ' prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Commitment, in whole or in part, in integral multiples of US$$5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions theretoto the Total Unutilized Commitment, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day's prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Revolving Loan Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderLender with a Revolving Loan Commitment.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Revolv- ing Loan Commitment, in whole or in part, pursuant to this Section 3.02(a), in an amount equal to at least $2,000,000 and in integral multiples of US$5,000,000 $1,000,000 in excess thereof, in the case of partial reductions theretoto the Total Unutilized Revolving Loan Commitment, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Commitment, in whole or in part, in integral multiples of US$5,000,000 in the case of partial reductions thereto$1,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Revolving Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Unutilized Revolving Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day's prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total First Priority Term Loan Commitment, in whole or in part, in integral multiples of US$5,000,000 $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the First Priority Term Loan Commitment of each LenderLender with such a Commitment.
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Samples: General Maritime Corp/
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Commitment, in whole or in part, in integral multiples of US$$5,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.
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