Prepayments Commitment Reductions Sample Clauses

Prepayments Commitment Reductions. (a) Each Borrower may at any time prepay the Advances made to it, in whole or in part, without premium or penalty; provided that such Borrower shall give the Lender irrevocable written notice of each such prepayment at or prior to 1:00 p.m. New York City time on the date of such prepayment, in the case of Base Rate Advances or Federal Funds Rate Advances, or at or prior to 1:00 p.m. New York City time on the date three Business Days prior to the date of such prepayment, in the case of Eurodollar Rate Advances, in each case specifying the date and amount of prepayment. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein together with the accrued interest on the amounts prepaid and all amounts, if any, payable under Section 2.6(e), 2.7(b) and 2.8. Partial prepayments under this clause (a) shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof.
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Prepayments Commitment Reductions. (a) In accordance with Section 3.2 of the Master Agreement, the Borrower may at any time terminate, or from time to time reduce, the Tranche B Loan Commitments and, to the extent required by Section 3.3 of the Master Agreement, shall terminate or reduce such Tranche B Loan Commitments in the manner set forth in the Master Agreement. Any cancellation or reduction of Tranche B Loan Commitments in accordance with Sections 3.2 or 3.3 of the Master Agreement of less than all of such Tranche B Loan Commitments shall be allocated pro rata to the holders thereof and shall reduce pro rata the remaining funding obligations set forth in Schedule II hereto.
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Prepayments Commitment Reductions. 1 4.2 Maturity; Surrender, Etc........................................1 4.3 Notices.........................................................1 4.4
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Prepayments Commitment Reductions. 5358 Section 2.12
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Prepayments Commitment Reductions 
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Related to Prepayments Commitment Reductions

  • Commitment Reduction The Borrowers shall have the right, upon at least two Business Days’ notice to the Administrative Agent, to terminate in whole or, upon same day notice, from time to time to permanently reduce ratably in part the unused portion of the Commitments; provided that each partial reduction shall be in the aggregate amount of $5,000,000 or in an integral multiple of $1,000,000 in excess thereof; provided, further, that the Commitments may not be reduced to an amount that is less than the aggregate Stated Amount of outstanding Letters of Credit. Subject to the foregoing, any reduction of the Commitments to an amount below $200,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount). Each such notice of termination or reduction shall be irrevocable; provided, further, that, if, after giving effect to any reduction of the Commitments, any Borrower Sublimit exceeds the amount of the aggregate Commitments, such sublimit shall be automatically reduced by the amount of such excess. Without limiting subsection (b) below, any Commitment reduced or terminated pursuant to this subsection (a) may not be reinstated.

  • Voluntary Commitment Reductions (i) Borrower may, upon not less than three Business Days’ prior written or telephonic notice promptly confirmed by delivery of written notice thereof to Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Commitments in an amount up to the amount by which the Revolving Commitments exceed the Total Utilization of Revolving Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Commitments shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount.

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

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