Reduction of the Revolving Commitments. (a) The Borrower shall have the right, upon at least five Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments; provided that each partial reduction of Revolving Commitments shall be in the minimum aggregate amount of $1,000,000.00 and in integral multiples of $1,000,000.00 in excess thereof (or such lesser amount as may then be outstanding); and provided further that the aggregate amount of the Revolving Commitments may not be reduced below the sum of the aggregate principal amount of the outstanding Revolving Advances and the Letter of Credit Exposure.
Reduction of the Revolving Commitments. The Borrower may, upon at least three (3) Business Days’ prior notice to the Administrative Agent, permanently terminate in whole or permanently reduce ratably in part the Revolving Commitments of the Lenders; provided, however, that (a) 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, (b) no such reduction shall result in an overdraft status as provided in Section 2.07(c)(iv), and (c) no such reduction shall result in the total aggregate Revolving Commitments of the Lenders being less than $25,000,000 unless the total aggregate Revolving Commitments are permanently terminated in their entirety.
Reduction of the Revolving Commitments. As of the Fourth Amendment Effective Date, the aggregate Revolving Commitments shall be reduced from $300,000,000 to $200,000,000. Such reduction shall be applied ratably to each Lender’s Revolving Commitment and shall be permanent, with no obligation of the Lenders to reinstate such Revolving Commitments. Upon the effectiveness of this Amendment pursuant to Section 4 below, each Lender’s Revolving Commitment shall be the Revolving Commitment set forth on Schedule 2.1 attached hereto. The Commitment Fees provided for in Section 2.7(a) of the Credit Agreement shall hereafter be computed on the basis of the aggregate Revolving Commitments as so reduced.
Reduction of the Revolving Commitments. As of the First Amendment Effective Date, the aggregate amount of the Revolving Commitments (including any Revolving Commitments designated to be made available for Revolving Extensions of Credit under any New Local Facility) shall be reduced to $1,150,000,000 in accordance with Section 2.9 of the Credit Agreement (it being understood than no further notice, as required under Section 2.9 of the Credit Agreement, shall be required to be delivered).
Reduction of the Revolving Commitments. The Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the Administrative Agent and the Banks, to terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments; provided that each partial reduction shall be in the aggregate amount of $3,000,000 or an integral multiple of $1,000,000. Any reduction or termination of the Revolving Commitments pursuant to this Section 2.4 shall be permanent, with no obligation of the Banks to reinstate such Revolving Commitments and the commitment fees provided for in Section 2.3(a) shall thereafter be computed on the basis of the Revolving Commitments, as so reduced.
Reduction of the Revolving Commitments. (a) Upon the occurrence of a Change in Control in the Parent or the Borrower, then, in such event the Required Lenders may, at their sole option upon written notice to the Borrower (a “Termination Notice”), declare the obligation of each Lender to make Advances and the obligation of the Issuing Bank to issue, increase, or extend Letters of Credit to be terminated, whereupon the same shall forthwith terminate and the Revolving Commitments shall reduce to zero.
Reduction of the Revolving Commitments. The Borrowers shall have the right, upon at least five days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Revolving Commitments; provided that each partial reduction of Revolving Commitments shall be in the minimum aggregate amount of $5,000,000.00 and in integral multiples of $1,000,000.00 in excess thereof (or such lesser amount as may then be outstanding); and provided further that the aggregate amount of the Revolving Commitments may not be reduced below the aggregate principal amount of the outstanding Revolving Advances plus the Letter of Credit Exposure plus the outstanding principal amount of the Swing Line Advances. Any reduction or termination of the Revolving Commitments pursuant to Section 2.04 shall be permanent, with no obligation of the Revolving Lenders to reinstate such Revolving Commitments and the commitment fees provided for in Section 2.03(a) shall thereafter be computed on the basis of the Revolving Commitments as so reduced. The Administrative Agent shall give each Lender prompt notice of any commitment reduction or termination.
Reduction of the Revolving Commitments. The Borrower shall have the right, at any time and from time to time prior to the Termination Date, without penalty or charge, upon at least five Banking Days prior written notice to the Agent, to voluntarily terminate in whole or reduce ratably in part, permanently and irrevocably, the then undisbursed portion of the Revolving Commitments of the Lenders, provided that any such partial reduction shall be in a positive integral multiple of $1,000,000, and provided further that any such reduction or termination shall be accompanied by all accrued and unpaid fees with respect to the portion of the Revolving Commitments being reduced or terminated, and provided further that the aggregate Revolving Commitments shall not be reduced to an amount less than the amount of Total Outstandings.
Reduction of the Revolving Commitments. (a) At any time and from time to time, the Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce in part the unused portion of the Revolving Commitments; provided that each partial reduction of Revolving Commitments shall be in the minimum aggregate amount of $5,000,000 and in integral multiples of $5,000,000 in excess thereof (or such lesser amount as may then be outstanding) and, except as provided in Section 2.15(c), shall be made ratably among the Lenders in accordance with their respective Revolving Commitments; and provided further that the aggregate amount of the Revolving Commitments may not be reduced below the sum of the aggregate principal amount of the outstanding Revolving Advances and the Letter of Credit Exposure; and provided further that, for the avoidance of doubt, any termination of Revolving Commitments pursuant to Section 2.15(c) and any reduction to Availability as a result of changes to the Fixed Charge Coverage Cap shall, in each case, not be deemed to be a termination of Revolving Commitments pursuant to this Section 2.04.
Reduction of the Revolving Commitments
