Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Revolving Credit Agreement (Telecomunicaciones De Puerto Rico Inc)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three five Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersLenders prior to the date of the Advances, provided that each partial reduction shall be in the aggregate amount of $10,000,000 US$1,000,000 or an integral multiple of $US$1,000,000 in excess thereof.
Appears in 2 contracts
Sources: Credit Agreement (Macquarie Infrastructure CO Trust), Credit Agreement (Macquarie Infrastructure CO Trust)
Termination or Reduction of the Commitments. The Borrower shall have the right, (i) upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions Unused Revolving Credit Commitments and (ii) subject to the relevant Issuing Bank Agreement, upon notice on any Business Day to the Agent and an Issuing Bank, to terminate in whole or in part the Letter of the respective Commitments Credit Commitment of the Lenders, such Issuing Bank; provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Sources: Credit Agreement (Mirant Corp)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Unused Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Sources: Credit Agreement (Bausch & Lomb Inc)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' ’ notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions Unused Commitments or the Unissued Letter of the respective Credit Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' ’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Sources: Backstop Credit Agreement (United Parcel Service Inc)
Termination or Reduction of the Commitments. The (a) Prior to the Effective Date, the Borrower shall have the right, upon at least three Business Days' ’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
(b) All unused Commitments shall automatically terminate after the Advances are made on the Effective Date.
Appears in 1 contract
Sources: 364 Day Term Loan Credit Agreement (Eastman Chemical Co)
Termination or Reduction of the Commitments. The ------------------------------------------- Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective aggregate Unused Commitments of the Lenders, ; provided that each partial reduction shall be in the an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereofthereof or, if less, the aggregate amount of all Commitments at such time.
Appears in 1 contract
Termination or Reduction of the Commitments. The ------------------------------------------- Borrower shall have the right, upon at least three five Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction -------- shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Sources: Revolving Credit Agreement (Ambac Financial Group Inc)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three four Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.
Appears in 1 contract
Sources: Credit Agreement (United Parcel Service of America Inc)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' ’ notice to the Administrative Agent, to terminate in whole or or, upon same day notice, from time to time to permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, ; provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or in an integral multiple of $1,000,000 in excess thereof. Each such notice of termination or reduction shall be irrevocable.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.thereof and (ii) shall be made ratably among the Appropriate Lenders in accordance with their Commitments with respect to such Facility, and provided further that after giving effect to any such reduction, the
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower shall have the rightmay, upon at least three five Business Days' notice to the Administrative AgentLender, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersUnused Commitment; provided, provided however, that each such partial reduction shall be in the an aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 100,000 in excess thereof.
Appears in 1 contract
Sources: Credit Agreement (Komag Inc /De/)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' ’ notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction of the Total Commitment shall be in the aggregate amount of $10,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereof.. 91839933_4
Appears in 1 contract
Sources: Credit Agreement (Invesco Ltd.)
Termination or Reduction of the Commitments. The Subject to the approval of the Required Lenders, the Borrower shall have the right, upon at least three five Business Days' notice to the Administrative AgentLender, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitment, provided that each partial reduction shall be in the aggregate minimum amount of $10,000,000 250,000 or an integral multiple of a $1,000,000 50,000 in excess thereof.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, Unused Commitments; provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to permanently terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments Commitment of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and shall first permanently reduce the Commitment of BBVASA and then the Commitment of BBVAPR.
Appears in 1 contract
Sources: Term Credit Agreement (Telecomunicaciones De Puerto Rico Inc)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three five Business Days' notice to the Administrative AgentLender, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the LendersCommitment, provided that each partial reduction shall be in the aggregate minimum amount of $10,000,000 250,000 or an integral multiple of a $1,000,000 100,000 in excess thereof.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower Borrowers shall have the right, upon at least three Business Days' ’ notice signed by both Borrowers to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Sources: Revolving Credit Agreement (Ambac Financial Group Inc)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to permanently terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments Commitment of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and shall permanently reduce the Commitments of the Lenders on a pro-rata basis.
Appears in 1 contract
Sources: Term Credit Agreement (Telecomunicaciones De Puerto Rico Inc)
Termination or Reduction of the Commitments. The Borrower Borrowers shall have the right, upon at least three Business Days' notice to the Administrative Agent, to irrevocably terminate in whole or reduce ratably in part the unused portions of the respective aggregate Unused Commitments of the Lenders, ; provided that each partial reduction shall be in the aggregate amount of $10,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereofthereof or, if less, the aggregate amount of the Commitments at such time.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower shall have the rightmay, upon at least three five Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the LendersUnused Commitments; provided, provided however, that each partial reduction of the Unused Commitments (i) shall be in the an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereofthereof and (ii) shall be made ratably among the Lenders in accordance with their Commitments.
Appears in 1 contract
Sources: Senior Subordinated Credit Agreement (East Coast Power LLC)
Termination or Reduction of the Commitments. The Borrower Borrowers shall have the right, upon at least three Business Days' ’ notice signed by both Borrowers to the Administrative AgentAgent (which shall promptly notify each Lender), to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 15,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, the Commitments may not be reinstated, except as provided in Section 2.16 or 2.17.
Appears in 1 contract
Sources: Revolving Credit Agreement (Ambac Financial Group Inc)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Sources: Credit Agreement (Polyone Corp)
Termination or Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' ’ notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Termination or Reduction of the Commitments. The Borrower Borrowers shall have the right, upon at least three Business Days' ’ notice signed by both Borrowers to the Administrative AgentAgent (which shall promptly notify each Lender), to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 15,000,000 or an integral multiple of $1,000,000 in excess thereof.
Appears in 1 contract
Sources: Revolving Credit Agreement (Ambac Financial Group Inc)