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

Reduction and Termination of the Commitments. (a) The -------------------------------------------- Company shall have the right, upon at least four (4) days' notice to the Administrative Agent to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that the aggregate -------- amount of the Commitments of the Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Uncommitted Advances then outstanding and provided, further, that each partial reduction shall be in an -------- ------- aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof.

Appears in 3 contracts

Samples: Day Credit Agreement (Donnelley R R & Sons Co), Day Credit Agreement (Donnelley R R & Sons Co), Credit Agreement (Donnelley R R & Sons Co)

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Reduction and Termination of the Commitments. (a) The -------------------------------------------- Company shall have the right, upon at least four (4) daysBusiness Days' notice to the Administrative Agent to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that the aggregate -------- amount of the Commitments of the Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Uncommitted Advances then outstanding and provided, further, that each partial reduction shall be in an -------- ------- aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof.

Appears in 3 contracts

Samples: Credit Agreement (Donnelley R R & Sons Co), Day Credit Agreement (Donnelley R R & Sons Co), Day Credit Agreement (Donnelley R R & Sons Co)

Reduction and Termination of the Commitments. (a) The -------------------------------------------- Company shall have the right, upon at least four (4) days' notice to the Administrative Agent to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that the aggregate -------- amount of the Commitments of the Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Uncommitted Advances then outstanding and provided, further, that each partial reduction shall be in an -------- ------- aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Exhibit 4 (Donnelley R R & Sons Co), Day Credit Agreement (Donnelley R R & Sons Co)

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Reduction and Termination of the Commitments. (a) The -------------------------------------------- Subject to Section 5.04, the Company shall have the right, upon at least four two (42) days' Business Days’ notice to the Administrative Agent Agent, to terminate or cancel in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that the aggregate -------- amount of the Commitments of the Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Uncommitted Advances then outstanding and provided, further, that each partial reduction shall be in an -------- ------- aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Donnelley R R & Sons Co)

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