Common use of Reduction of Commitments Clause in Contracts

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount of the outstanding Revolving Credit Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Steiner Leisure LTD), Credit Agreement (Steiner Leisure LTD)

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Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 5,000,000 with respect to each such Commitment thereto and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment thereto (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one three (13) Business Day's ’s prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount of the outstanding Revolving Credit Obligations. All accrued facility fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Woodward Governor Co), Credit Agreement (Quixote Corp)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 100,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations.

Appears in 2 contracts

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

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment or the Aggregate Acquisition Facility Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 500,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative AgentAgents, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Spartan Stores Inc)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 100,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one five (15) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ifr Systems Inc)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 100,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Finishmaster Inc)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the LendersLenders with Revolving Loan Commitments, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) five Business Day's prior Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Printpack Inc)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 5,000,000 with respect to each such Commitment thereto and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment thereto (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one three (13) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount of the outstanding Revolving Credit Obligations. All accrued facility fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment 2,000,000 and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) five Business Day's prior Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment 5,000,000 and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate outstanding principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees due and payable pursuant to SECTION 2.15(c) shall be payable on the effective date of any termination of the obligations of the Lenders to make Revolving Loans hereunder.

Appears in 1 contract

Samples: Long Term Credit Agreement (Ball Corp)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 1,000,000.00 with respect to each such Commitment and integral multiples of $1,000,000 500,000.00 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations.

Appears in 1 contract

Samples: Credit Agreement (Kansas City Power & Light Co)

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Reduction of Commitments. (a) The Borrower Borrowers may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount of $1,000,000 5,000,000 with respect to each such Commitment and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

Reduction of Commitments. (a) The Borrower Borrowers may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 5,000,000 with respect to each such the Aggregate Revolving Loan Commitment and integral multiples of $1,000,000 in excess of that amount with respect to each such the Aggregate Revolving Loan Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior ’s written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations.

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /In/)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 1,000,000.00 with respect to each such Commitment and integral multiples of $1,000,000 500,000.00 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior ’s written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations.

Appears in 1 contract

Samples: Credit Agreement (Kansas City Power & Light Co)

Reduction of Commitments. (a) The Each Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment 500,000 and integral multiples of $1,000,000 500,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; providedPROVIDED, howeverHOWEVER, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (American Architectural Products Corp)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one five (15) Business Day's prior Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued facility fees shall be payable on the effective date of any termination of the obligations of the Revolving Lenders to make Revolving Loans hereunder.

Appears in 1 contract

Samples: Pledge Agreement (CTS Corp)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment or the Aggregate Acquisition Facility Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment and integral multiples of $1,000,000 500,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative AgentAgents, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Spartan Stores Inc)

Reduction of Commitments. (a) The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum Dollar Amount amount of $1,000,000 with respect to each such Commitment 500,000 and integral multiples of $1,000,000 500,000 in excess of that amount with respect to each such Commitment (unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at least one (1) Business Day's prior written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the aggregate principal Dollar Amount amount of the outstanding Revolving Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Haynes International Inc)

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