Common use of Voluntary Termination or Reduction of Commitments Clause in Contracts

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the Agents, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 or any multiple of $50,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 8 contracts

Samples: Credit Agreement (Enstar Income Program Iv-1 Lp), Credit Agreement (Falcon Holding Group Lp), Credit Agreement (Enstar Income Growth Program Five-a Lp)

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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 3 contracts

Samples: Credit Agreement (Cd Radio Inc), Day Credit Agreement (Unumprovident Corp), Credit Agreement (Unumprovident Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum Dollar Equivalent amount of $100,000 5,000,000 or any Dollar Equivalent multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal Dollar Equivalent amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Applied Power Inc), Multicurrency Credit Agreement (Applied Power Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any a multiple of $50,000 1,000,000 in excess thereof; unlessUNLESS, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-then outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment facility fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 2 contracts

Samples: Credit Agreement (Ing Prime Rate Trust), Credit Agreement (Pilgrim America Prime Rate Trust)

Voluntary Termination or Reduction of Commitments. The Company Borrowers may, upon not less than five three Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unlessprovided, however, that after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-then- outstanding principal amount of the Loans would may not exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment facility fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 2 contracts

Samples: Credit Agreement (Phoenix Companies Inc/De), Credit Agreement (Phoenix Companies Inc/De)

Voluntary Termination or Reduction of Commitments. The Company Borrower may, upon not less than five (5) Business Days' prior notice to the AgentsAgent, terminate the Combined Commitments, or permanently reduce the Combined Commitments by an aggregate minimum amount of $100,000 1,000,000 or any multiple of $50,000 500,000 in excess thereof; , unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-then outstanding principal amount of the Loans would exceed the amount of the combined Combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.5, the Combined Commitments may not be increased. Any reduction of the Combined Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued unused commitment fees due and owing, pursuant to Section 2.9(b) hereof, to, but not including the effective date of any reduction or termination of Combined Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 2 contracts

Samples: Credit Agreement (Gentle Dental Service Corp), Credit Agreement (Gentle Dental Service Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate a minimum amount of $100,000 10,000,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unlessUNLESS, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans Total Outstandings would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to reduce the Commitment of each Bank Lender according to its Pro Rata Share. All If the Company terminates the Commitments or reduces the Commitments to zero, the Company shall pay all accrued commitment and unpaid interest, fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid and other amounts payable hereunder on the effective date of such reduction or termination.

Appears in 2 contracts

Samples: Credit Agreement (Republic Services Inc), Long Term Credit Agreement (Republic Services Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five four Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any larger multiple of $50,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Longview Fibre Co)

Voluntary Termination or Reduction of Commitments. The Company may, ------------------------------------------------- upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 5,000,000 in excess thereof; unless, ------ after giving effect thereto and to any prepayments of Loans made on the effective date thereofthereto, the then-Effective Amount of all L/C Obligations then outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effectCommitments. Once reduced in accordance with this Sectionsection, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment Facility Fee and letter of credit fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Agreement (Spiegel Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 3,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-then outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Dreyers Grand Ice Cream Inc)

Voluntary Termination or Reduction of Commitments. The Prior to the Transition Date, the Company may, upon not less than five Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments Total Commitment in part by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding aggregate principal amount of the all Loans would exceed the amount of the combined Commitments Total Commitment then in effect. Once reduced in accordance with this Section, the Commitments Total Commitment may not be increased. Any reduction of the Commitments Total Commitment shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.Rata

Appears in 1 contract

Samples: Acceptance Agreement (Citgo Petroleum Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 1,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increasedincreased (including increases under Section 2.15). Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (National Surgery Centers Inc \De\)

Voluntary Termination or Reduction of Commitments. (a) The Company may, upon not less than five three (3) Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 1,000,000 in excess thereof; thereof unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the all Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.09, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All facility fees relating to the reduced Commitments which accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Cihc Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unless, after giving effect thereto and to any payments or prepayments of Loans made on the effective date thereof, the then-outstanding aggregate principal Dollar Equivalent amount of the all Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Truserv Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any integral multiple of $50,000 5,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount Effective Amount of the all Loans would exceed the amount of the combined Commitments Aggregate Commitment then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments Aggregate Commitment shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitmentsthe Aggregate Commitment, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Crown Pacific Partners L P)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 3,000,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unless, after giving effect thereto and to any payments or prepayments of Loans made on the effective date thereof, the then-outstanding aggregate principal Dollar Equivalent amount of the all Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Cotter & Co)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 1,000,000 or any multiple of $50,000 100,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Trendwest Resorts Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.06, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of CommitmentsCommitments (calculated on the amount of such reduction or termination), shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Williams Sonoma Inc)

Voluntary Termination or Reduction of Commitments. The Any Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.05, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including to the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Esterline Technologies Corp)

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Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 3,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-then outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Sectionsubsection, the Commitments may not be increased, except as provided in Section 2.05(b). Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Dreyers Grand Ice Cream Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 5,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount Effective Amount of the all Revolving Loans and L/C Obligations together would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment and letter of credit fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Cypress Semiconductor Corp /De/)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 2,500,000 or any a higher integral multiple of $50,000 in excess thereof1,000,000; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding aggregate principal amount of the all Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Lee Enterprises Inc)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 5,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Mentor Graphics Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five (5) Business Days' prior notice to the AgentsAdministrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000, or any integral multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, Commitments shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (R&b Falcon Corp)

Voluntary Termination or Reduction of Commitments. The Company Borrower may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any integral multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of any Loans made on the effective date thereof, the then-outstanding principal amount Effective Amount of the all Revolving Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increasedincreased or reinstated. Any reduction of the Commitments shall be applied to each Bank Bank's Commitment according to its Pro Rata Share. All accrued commitment fees to, but not including including, the effective date of any reduction or termination of Commitments, Commitments shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Storage Technology Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment facility fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Mgic Investment Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000 or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection , the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Bremer Financial Corporation)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three (3) Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 1,000,000 or any multiple of $50,000 100,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Western Multiplex Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' ’ prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 5,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Mentor Graphics Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' ’ prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 10,000,000 or any multiple of $50,000 5,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.05, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Credit Agreement (Mentor Graphics Corp)

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the AgentsAgent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $100,000 5,000,000, or any multiple of $50,000 1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Appears in 1 contract

Samples: Revolving Credit Agreement (Micron Technology Inc)

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