Examples of Unutilized Total Commitment in a sentence
Upon at least five Business Days' prior notice to the Agent at its Notice Office (which notice the Agent shall promptly transmit to each of the Banks), FSA shall have the right, without premium or penalty, to terminate the Unutilized Total Commitment in whole or in part, in integral multiples of $1,000,000, provided that any such termination shall apply proportionately to reduce the Commitment of each Bank.
Upon at least five Business Days' prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent will promptly transmit to each of the Purchasers), the Issuers shall have the right, without premium or penalty, to terminate the Unutilized Total Commitment in whole or in part, in integral multiples of U.S.$5,000,000, provided that any such termination shall apply proportionately to reduce the Commitment of each Purchaser.
This would free up water and space at the Klickitat Hatchery, ensuring optimal rearing densities for spring Chinook and summer steelhead at that facility.
Borrower shall not permit the aggregate Market Value of the Fleet at any time to be less than (i) 2.5 times the sum of (x) Consolidated Indebtedness, PLUS (y) the Available Unutilized Total Commitment.
Upon at least five Business Days’ prior notice to the Agent at its Notice Office (which notice the Agent shall promptly transmit to each of the Banks), FSA shall have the right, without premium or penalty, to terminate the Unutilized Total Commitment in whole or in part, in integral multiples of $1,000,000, provided that any such termination shall apply proportionately to reduce the Commitment of each Bank.