Reduction of the Commitment. The Borrower may, upon at least two (2) Business Days’ notice to the Deal Agent and each Lender, terminate in whole or reduce in part the portion of the Aggregate Commitments that exceeds the Aggregate Loan Amount; provided, however, that each partial reduction of the Aggregate Commitments shall be in an aggregate amount equal to $1,000,000 or an integral multiple thereof; and provided, further, however, that any such partial reduction shall effect a ratable reduction of the Commitment of each Lender. Each notice of reduction or termination pursuant to this Section 2.5 shall be irrevocable.
Reduction of the Commitment. The Borrower shall have the right, upon at least thirty (30) Business Days' notice to the Agent, to terminate in whole or reduce in part the Aggregate Commitment by an amount not exceeding the Unused Commitment, each such reduction to be allocated among the unused portions of the Advance Commitment and the Letter of Credit Commitment, as the Borrower shall specify, in accordance with each Lender's Pro Rata Share thereof; provided, however, that each partial reduction shall be in the amount of $1,000,000 and in integral multiples of $1,000,000 in excess of that amount.
Reduction of the Commitment. The Borrower shall have the right, upon at least five Business Days' prior irrevocable written notice to the Bank, to terminate in whole, or permanently reduce in part, the unused portion of the Commitment; provided, that each partial reduction shall be in the amount of U.S. $100,000 or an integral multiple thereof.
Reduction of the Commitment. 3.2.1 Subject to Clause 3.2.4 below, the amount of the Commitment shall, solely for the purpose of any future draw down and provided that no draw down has been made under this Subscription Agreement until that time, be irrevocably reduced as follows:
Reduction of the Commitment. (a) The Commitments shall automatically and permanently be reduced to $0 upon the making of the Advances on the Effective Date.
Reduction of the Commitment. (a) The Borrower shall have the right, upon at least three Business Days' notice to the Lender, to terminate in whole or reduce in part the unused portions of the Commitment, PROVIDED that the aggregate amount of the Commitment shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding and PROVIDED, FURTHER, that each partial reduction of the Commitment shall be in the aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof.
Reduction of the Commitment. 1. Upon the occurrence of a Change in Control, then, in such event the Lender may, at its sole option upon written notice to the Borrower (a "Termination Notice"), declare the obligation of the Lender to make Advances to be terminated, whereupon the same shall forthwith terminate and the Commitment shall reduce to zero.
Reduction of the Commitment. The Authority may, upon not less than three Business Days’ prior notice to the Liquidity Provider, reduce all or any portion of the unused Commitment, provided that (a) any partial reduction of the Commitment must be in the minimum amount of $1,000,000, and (b) no such reduction shall result in the Commitment being less than the sum of the Maturity Value of all Notes Outstanding at such time. The Authority shall promptly give the Dealers and the Issuing and Paying Agent notice of any such reduction of the Commitment.
Reduction of the Commitment. If the Fund exercises its Commitment Reduction Option as provided for in the Fund Regulations on any Issue Date and if the entity that I represent elects to benefit from a reduction of its Maximum Commitment Amount, the corresponding request shall be recorded on the website xxx.xxxxxxxx-xxxxxx.xxx with the indication of the requested amount in Euros. The effective reduction of the Maximum Commitment Amount may correspond to a whole number of Units or a fraction of Units. This reduction, if effective, shall occur based on the net asset value of the relevant Units as determined within the calendar week preceding the effective date of such reduction. Each request for reduction as mentioned above which shall have been recorded on any given date shall become effective on the Issue Date which is one (1) calendar month following such request. Any reduction of the Maximum Commitment Amount is irrevocable as from the effective date of such reduction. As a consequence and as from such effective date, the Fund shall be entitled to utilise the Commitment only up to the Maximum Commitment Amount as reduced following such reduction. Each request for reduction shall trigger the right for Younited on to receive an indemnity equal to (i) 1% (one per cent.) of the Maximum Commitment Amount if such request is recorded within the six (6) calendar months’ period starting from the effective date of the Commitment, or (ii) 2% (two per cent.) of the Maximum Commitment Amount if such request is recorded within the twelve (12) calendar months’ period starting from the effective date of the Commitment. Each such indemnity is payable to Younited upon becoming due as mentioned above. If, with respect to any Issue Date, the Commitment Reduction Option shall have been exercised by the Fund, the aggregate amount of commitment reductions requested by all Investors exceeds the Maximum Commitment Reduction Amount calculated for such Issue Date, the amount of reduction that I have requested (like for all the other Investors requesting a reduction to be effective such Issue Date) shall be reduced on a pro rata basis taking into account the aggregate amount of reductions requested by all the Investors and to be effective such Issue Date, such that the aggregate amount of the reductions does not exceed the Maximum Commitment Reduction Amount calculated for such Issue Date. The requested amount of reduction thus reduced shall be expressed in euros (rounded to the next lowest euro). The fraction ...
Reduction of the Commitment. International shall have the right, upon at least three (3) Business Days' notice to the Bank, to terminate in whole or reduce in part the Unutilized Commitment; PROVIDED, that each partial reduction shall be in the aggregate amount of $250,000.00 and an integral multiple of $250,000.00 in excess thereof.
