Common use of Voluntary Termination of Unutilized Revolving Loan Commitments Clause in Contracts

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business 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 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 $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 RL Lender.

Appears in 6 contracts

Samples: Credit Agreement (Lee Enterprises, Inc), Credit Agreement (Lee Enterprises, Inc), Junior Intercreditor Agreement (Lee Enterprises, Inc)

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Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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 $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 RL Lender.

Appears in 4 contracts

Samples: Intercreditor Agreement (Dole Food Co Inc), Intercreditor Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three 3 Business Day’s 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)Agent, the 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(a)2.19, in an integral multiple of $5,000,000 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 RL Lender.

Appears in 3 contracts

Samples: Credit Agreement (Blackline, Inc.), Credit Agreement (Blackline, Inc.), Credit Agreement (Blackline, Inc.)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business 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 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 $5,000,000 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 RL Lender.

Appears in 2 contracts

Samples: Credit Agreement (Pyramid Communication Services, Inc.), Credit Agreement (PAETEC Holding Corp.)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 Borrower Borrowers 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 $5,000,000 1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment, provided that each such reduction shall apply be applied to reduce any tranche of Revolving Loan Commitment as selected by the Borrowers, applied proportionately to permanently reduce the Revolving Loan Commitment of each RL LenderLender within such tranche.

Appears in 2 contracts

Samples: Credit Agreement (Walter Energy, Inc.), Credit Agreement (Walter Energy, Inc.)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business Day’s '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 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 $5,000,000 500,000 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.

Appears in 2 contracts

Samples: Credit Agreement (Infousa Inc), Credit Agreement (Infousa Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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 $5,000,000 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 RL Lender.

Appears in 2 contracts

Samples: Security Agreement (Town Sports International Holdings Inc), Credit Agreement (Global Cash Access Holdings, Inc.)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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 Revolving Loan Commitment Commitments, in whole, whole or reduce it in part, pursuant prior to this Section 4.02(a)the Maturity Date, in an integral multiple multiples of $5,000,000 1,000,000 in the each case of partial reductions to the Total Unutilized Revolving Loan CommitmentCommitments; provided that, provided that in each case, such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment Commitments of each RL LenderLender with Revolving Loan Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Diamond S Shipping Inc.)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business Day’s '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 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(a)4.2, in an integral multiple of $5,000,000 500,000 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.

Appears in 2 contracts

Samples: Credit Agreement (Infousa Inc), Credit Agreement (Infousa Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business 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 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(a3.02(a), in an integral multiple of $5,000,000 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 RL Lender.

Appears in 2 contracts

Samples: Credit Agreement (Duratek Inc), Credit Agreement (Bway Corp)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business 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 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 $5,000,000 1.0 million 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.

Appears in 2 contracts

Samples: Credit Agreement (Shuffle Master Inc), Credit Agreement (Shuffle Master Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s '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 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(a3.02(a), in an integral multiple of $5,000,000 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 RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Nm Licensing LLC)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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(a3.02(a), in an integral multiple of $5,000,000 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 RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s Days' prior written notice from an Authorized Representative of the Borrower to the Administrative Agent at the 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 penalty, to terminate the Total Unutilized Revolving Loan Commitment at such time, in whole, whole or reduce it in part, pursuant to this Section 4.02(a), in an integral multiple multiples of $5,000,000 1,000,000 in the case of partial reductions reductions. Each reduction to the Total Unutilized Revolving Loan Commitment, provided that each such reduction Commitment pursuant to this Section 3.02 shall apply to proportionately to and permanently reduce the Revolving Loan Commitment of each RL LenderLender (based on their respective RL Percentages).

Appears in 1 contract

Samples: Credit Agreement (Moore Corporation LTD)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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(a3.02(a), in an integral multiple of $5,000,000 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 RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Holdings Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business Day’s '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 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 $5,000,000 500,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment, provided PROVIDED that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Hydrochem Industrial Services Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business Day’s '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 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(a3.02(a), in an integral multiple of $5,000,000 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 RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Nuco2 Inc /Fl)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s Days’ prior written notice from an Authorized Representative of the Borrower to the Administrative Agent at the 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 penalty, to terminate the Total Unutilized Revolving Loan Commitment at such time, in whole, whole or reduce it in part, pursuant to this Section 4.02(a), in an integral multiple multiples of $5,000,000 in the case of partial reductions of the Total Unutilized Revolving Loan Commitment. Each reduction to the Total Unutilized Revolving Loan Commitment, provided that each such reduction Commitment pursuant to this Section 3.02 shall apply to proportionately to and permanently reduce the Revolving Loan Commitment of each RL LenderLender (based on their respective RL Percentages).

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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 $5,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment, Commitment in an integral multiple of $1,000,000; provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Holdings Inc)

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Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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 $5,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment, provided that each such reduction shall apply apply, proportionately to permanently reduce the Extended Revolving Loan Commitment Commitment, if any, of each RL Lender.

Appears in 1 contract

Samples: Intercreditor Agreement (Dole Food Co Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business Day’s '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 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 $5,000,000 100,000, in the case of partial reductions to the Total Unutilized Revolving Loan Commitment, provided PROVIDED that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL LenderBank with such a Commitment.

Appears in 1 contract

Samples: Credit Agreement (Power Ten)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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 $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 RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Dole Food Company Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three two Business Day’s 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 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 $5,000,000 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 RL Lender.

Appears in 1 contract

Samples: Pledge Agreement (Affinity Gaming, LLC)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business 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 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 $5,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment, provided that each such reduction reduc­tion shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lee Enterprises, Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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 $5,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment, provided that each such reduction shall apply apply, proportionately to permanently reduce the Revolving Loan Commitment Commitment, if any, of each RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Dole Food Co Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s 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 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(a3.02(a), in an integral multiple of $5,000,000 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 RL Lender.

Appears in 1 contract

Samples: Credit Agreement (Fairchild Semiconductor International Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business Day’s '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 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(a), in an integral multiple of $5,000,000 500,000 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.

Appears in 1 contract

Samples: Credit Agreement (Infousa Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three two Business Day’s Days' 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 Borrower Company 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 $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 RL LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Harrahs Entertainment Inc)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three Business Day’s '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 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(a3.02(a), in an integral multiple of $5,000,000 500,000 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.

Appears in 1 contract

Samples: Credit Agreement (First Horizon Pharmaceutical Corp)

Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at least three one Business 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 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(a4.01(a), in an integral multiple of $5,000,000 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 RL Lender.

Appears in 1 contract

Samples: Credit Agreement (American Seafoods Corp)

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