Termination of Revolving Credit Commitments. The applicable Borrower shall have the right to terminate a Class of Revolving Credit Commitment of a Defaulting Lender in accordance with Section 2.06 solely to the extent such termination does not cause the Revolving Credit Exposure of such Class to exceed the Revolving Credit Commitment of such Class.
Termination of Revolving Credit Commitments. On the applicable Maturity Date of the Revolving Credit Commitments of any Class, the Revolving Credit Commitments of such Class will terminate and the respective Lenders who held such Class of terminated Revolving Credit Commitments will have no obligation to make, or participate in, extensions of credit (whether the making of Revolving Credit Loans or the issuance of Letters of Credit) after such Maturity Date; provided that (x) the foregoing shall not release any Revolving Credit Lender from any liability it may have for its failure to fund Revolving Credit Loans under such Class, L/C Advances or participations in Swing Line Loans that were required to be funded by it on or prior to such Maturity Date and (y) the foregoing will not release any Revolving Credit Lender from any obligation to fund its portion of L/C Advances or of the risk participation with respect to Letters of Credit, issued or made prior to such Maturity Date. If, on the Maturity Date applicable to any Class of Revolving Credit Commitments, there exist additional Classes of Revolving Credit Commitments, which have a later Maturity Date or later Maturity Dates, then all L/C Advances and participations in Letters of Credit shall be deemed outstanding with respect to (and reallocated under) such additional Classes of Revolving Credit Commitments and the Pro Rata Shares of the Revolving Credit Lenders of such Class or Classes shall be determined to give effect to the termination of the Revolving Credit Commitments with respect to which the Maturity Date has occurred in each case so long as after giving effect to such reallocation, no Revolving Credit Lender shall have a Revolving Credit Exposure which exceeds such Xxxxxx’s Revolving Credit Commitments which have not matured prior to such date.
Termination of Revolving Credit Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h), §12.1(i) or §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Majority Revolving Credit Lenders, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.
Termination of Revolving Credit Commitments. Anything in this Agreement to the contrary notwithstanding, the Borrower may terminate the unused amount of the Revolving Credit Commitment of a Defaulting Lender on a non-pro rata basis upon not less than three Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), provided that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Letter of Credit Issuer or any Lender may have against such Defaulting Lender.
Termination of Revolving Credit Commitments. The Borrower ------------------------------------------- shall have the right to terminate the amount of Revolving Credit Commitments in whole or in part at any time, provided that the Borrower shall give notice of such termination to the Agent as provided in (S)2.12. Any portion of the Revolving Credit Commitments that has been terminated may not be reinstated.
Termination of Revolving Credit Commitments. Borrower shall have the right, upon at least three (3) Business Days’ notice, to terminate or cancel, in whole or in part, the unused portion of the Aggregate Revolving Credit Commitment in excess of the Outstanding Revolving Credit Amount, or the unused portion of the aggregate Term Loan A Commitments or the unused portion of the aggregate Term Loan B Commitments, provided, in each case, that each partial reduction shall be in a minimum amount of $1,000,000 or any whole multiple of $100,000 in excess thereof. Any partial termination of the Aggregate Revolving Credit Commitment, the aggregate Term Loan A Commitments or the aggregate Term Loan B Commitments shall be applied to reduce each Lender’s Revolving Credit Commitment, Term Loan A Commitment or Term Loan B Commitment, as the case may be, on a pro rata basis. Once terminated or reduced, the Aggregate Revolving Credit Commitment, the aggregate Term Loan A Commitments and/or the aggregate Term Loan B Commitments, as the case may be, may not be reinstated or (except pursuant to Section 2.23) increased thereafter.
Termination of Revolving Credit Commitments. The Administrative Agent shall have received a notice of termination of the existing Revolving Credit Commitments in accordance with Section 2.06(a) of the Credit Agreement and the Administrative Agent shall have received, for the benefit of each Revolving Credit Lender party to the Credit Agreement immediately prior to the Amendment No. 3 Effective Date, all principal, accrued interest, commitment fees and Letter of Credit fees, with respect to such existing Revolving Credit Commitments and Revolving Credit Loans thereunder;
Termination of Revolving Credit Commitments. Amounts prepaid under the Loans pursuant to this Section may not be reborrowed and shall be applied pro rata to reduce the Revolving Credit Commitment of each Revolving Credit Lender according to its Revolving Credit Commitment Percentage. All commitment fees accrued until the effective date of any termination of the Revolving Credit Commitment shall be paid on the effective date of such termination. Each prepayment shall be accompanied by any amount required to be paid pursuant to Section 4.9.
Termination of Revolving Credit Commitments. Concurrently with the effectiveness of this Incremental Facility Agreement, all Revolving Credit Commitments shall have been terminated and all Revolving Credit Loans made thereunder and all accrued interest and fees with respect thereto shall have been paid in accordance with the Credit Agreement.
Termination of Revolving Credit Commitments. Borrower shall have the right, upon not less than five (5) Business Days’ prior written notice to the Administrative Agent, to terminate the Revolving Credit Commitments in full or in part; provided that, in the case of any termination of the Revolving Credit Commitments in full, concurrently therewith, all Loans are repaid in full, together with an amount equal to the accrued but unpaid Unused Fee applicable to the portion of the year in which such Loans are repaid; and provided, further, that in the case of any termination of the Revolving Credit Commitments in part, after giving effect to such partial termination and any prepayment of the Loans in accordance with Section 3.2 or Section 3.3 in connection therewith, the Outstanding Principal Balance shall not exceed the lesser of the Borrowing Base or the Revolving Credit Commitments, as so reduced. In the event the Revolving Credit Commitments are terminated in full in accordance with the terms hereof, thereafter, all references herein and in any of the other Loan Documents to the “Revolving Credit Termination Date” shall be deemed to refer to said date of termination of the Revolving Credit Commitments.
