Common use of Reduction and Termination of the Commitments Clause in Contracts

Reduction and Termination of the Commitments. (a) The Borrower may, upon at least three Business Days' prior notice to the Agent, terminate in whole or reduce ratably in part the unused portions of the respective Commitments; PROVIDED, HOWEVER, that each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Elder Beerman Stores Corp), Credit Agreement (Elder Beerman Stores Corp)

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Reduction and Termination of the Commitments. (a) The Borrower may, upon at least three five Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the unused portions of the respective Commitments; PROVIDEDprovided, HOWEVERhowever, that each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and the requirements of Section 2.9(d) shall have been satisfied.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Warnaco Group Inc /De/)

Reduction and Termination of the Commitments. (a) The Borrower may, upon at least three Business Days' prior notice to the Agent, terminate in whole or reduce ratably in part the unused portions of the respective Commitments; PROVIDED, HOWEVER, that each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Elder Beerman Stores Corp)

Reduction and Termination of the Commitments. (a) The Borrower may, upon at least three five Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the unused portions of the respective CommitmentsCommitments of the Lenders; PROVIDED, HOWEVER, that each partial reduction shall be in the an aggregate amount of not less than $5,000,000 or that is an integral multiple of $1,000,000 5,000,000 and shall be made pro rata between the Tranche A Facility and the Tranche B Facility, in excess thereofaccordance with each Lender's Commitment.

Appears in 1 contract

Samples: Credit Agreement (Washington Group International Inc)

Reduction and Termination of the Commitments. (a) The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce in part, without premium or penalty (other than any amounts owing pursuant to Section 2.14(e)), ratably in part the unused portions of the respective CommitmentsRevolving Credit Commitments of the Revolving Credit Lenders; PROVIDED, HOWEVER, that each partial reduction shall be in the aggregate amount of not less than equal to $5,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Merisant Foreign Holdings I Inc)

Reduction and Termination of the Commitments. (a) The Borrower Borrowers may, upon at least three five (5) Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the unused portions of the respective CommitmentsCommitments of the Lenders; PROVIDEDprovided, HOWEVERhowever, that each partial reduction shall be in the an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Exide Corp)

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Reduction and Termination of the Commitments. (a) The Borrower may, upon at least three (3) Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the unused portions of the respective CommitmentsCommitments of the Lenders; PROVIDEDprovided, HOWEVERhowever, that each partial reduction shall be in the aggregate amount of not less than $5,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Amr Corp)

Reduction and Termination of the Commitments. (a) The Borrower mayshall have the right, upon at least three Business Days' prior notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective CommitmentsCommitment of the Lenders; PROVIDED, HOWEVER, that each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 500,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Heritage Media Corp)

Reduction and Termination of the Commitments. (a) The Borrower may, upon at least three Business Days' prior notice to the Agent, terminate in whole or reduce ratably in part the unused portions of the respective Commitments; PROVIDED, HOWEVER, that each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Elder Beerman Stores Corp)

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