Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company 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 it in part, pursuant to this Section 4.02(a), in an integral multiple of $1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
Appears in 4 contracts
Samples: Credit Agreement (Mobile Mini Inc), Credit Agreement (Mobile Mini Inc), Credit Agreement (Mobile Mini Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a), in an integral multiple multiples of $1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; thereto, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
Appears in 2 contracts
Samples: Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three five Business Days’ Day's prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a)3.02, in an integral multiple of $1,000,000 5,000,000, in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
Appears in 2 contracts
Samples: Pledge Agreement (Pool Energy Services Co), Credit Agreement (Pool Energy Services Co)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day's prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a)3.02, in an integral multiple a minimum amount of $1,000,000 and, in excess thereof, in integral multiples of $100,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
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Samples: Hanger Orthopedic Group Inc
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company 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 it in part, pursuant to this Section 4.02(a), in an integral multiple of $1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , 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’ Day’s prior written notice to the Administrative Agent at the its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate or reduce the Total Unutilized Term Loan Commitment or Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a), in an integral multiple multiples of $1,000,000 in the case of partial reductions to the Total Unutilized Term Loan Commitment and/or the Revolving Loan Commitment; , provided that each such reduction shall apply proportionately to permanently reduce the Term Loan Commitment or Revolving Loan Commitment Commitment, as the case may be, of each Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ Day’s prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrowers shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a3.02(a), in an integral multiple multiples of $1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; 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’ ' prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment in whole, or reduce it in part, pursuant to this Section 4.02(a3.02(a), in an integral multiple of $1,000,000 5,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , 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 (3) Business Days’ ' prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a2.02(a), in an integral multiple of $1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , 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 the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrowers shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a3.02(a), in an integral multiple of $1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
Appears in 1 contract
Samples: Pledge Agreement (Sitel Corp)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three one Business Days’ Day's prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a3.02(a), in an integral multiple of $1,000,000 1,000,000, in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderBank.
Appears in 1 contract
Samples: Sitel Corp
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days15 days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company shall have the right, at any time or from time to time, without premium or penalty to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, or reduce it each in part, pursuant to this Section 4.02(a)4.02, in an integral multiple minimum amounts of $5,000,000 plus $1,000,000 increments in the case of partial reductions to the Total Unutilized Revolving Loan Commitmentexcess thereof; provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each LenderLender in accordance with their respective RL Percentages of the Total Revolving Loan Commitment.
Appears in 1 contract
Samples: Abl Credit Agreement (Affinia Group Intermediate Holdings Inc.)
Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, each case in whole or reduce it in part, pursuant to this Section 4.02(a), in an integral multiple multiples of $1,000,000 5,000,000 in the case of partial reductions to reductions, provided that each such reduction of the Total Unutilized Revolving Loan Commitment; provided that each such reduction Commitment 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 Business Days’ Day’s prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Revolving Credit Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a)3.02, in an integral multiple a minimum amount of $1,000,000 and, in excess thereof, in integral multiples of $100,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; , provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Revolving Credit Lender.
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Voluntary Termination of Unutilized Commitments. (a) Upon at least three Business Days’ prior written notice to the Administrative Agent at the its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the US Company Borrower shall have the right, at any time or from time to time, without premium or penalty penalty, to terminate the Total Unutilized Revolving Loan Commitment Commitment, in whole, whole or reduce it in part, pursuant to this Section 4.02(a), in an aggregate principal amount of at least $5,000,000 and in integral multiple multiples of $1,000,000 in the case of any partial reductions to the Total Unutilized Revolving Loan Commitment; in excess of $5,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each Lender.
Appears in 1 contract
Samples: Credit Agreement (Todco)