Example ContractsClausestermination or reduction of revolving credit commitmentsVariants
Termination or Reduction of Revolving Credit Commitments
Termination or Reduction of Revolving Credit Commitments contract clause examples

The Borrowers may at any time terminate, or from time to time reduce, the Revolving Commitments, provided that # the Borrowers shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment or repayment of the Revolving Loans in accordance with [Section 2.6], the sum of the Revolving Exposures of all Lenders would exceed the aggregate Revolving Commitments, and # each such reduction of the Revolving Commitments shall be in an amount that is not less than an integral multiple of $1,000,000.00. If at any time, as a result of such a partial reduction or termination as provided in [Section 2.4(a)] or [Section 2.4(b)], the Revolving Exposure of all Lenders would exceed the aggregate Revolving Commitments, then the Borrowers shall on the date of such reduction or termination of Revolving Commitments, jointly and severally, repay or prepay Borrowings and/or Cash Collateralize Letters of Credit in an aggregate amount equal to such excess.

The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that # each reduction of the Revolving Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $25,000,000 and # the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.09, the aggregate Revolving Exposures would exceed the aggregate Revolving Commitments .

The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that # each partial reduction of the Revolving Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and # the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with [Section 2.08], the sum of the Aggregate Total Exposure would exceed the total Commitments.

The Borrower may at any time terminate, or from time to time permanently reduce, the Revolving Commitments; provided that # each reduction of the Revolving Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and # the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with [Section 2.10], the Aggregate Revolving Exposure would exceed the Aggregate Revolving Commitment.

The Borrowers may from time to time reduce the Revolving Commitments; provided that # each reduction of the Revolving Commitments shall be in an amount that is an integral multiple of $5,000,000 and not less than $20,000,000 and # the Borrowers shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with [Section 2.11], the Aggregate Revolving Exposure would exceed the lesser of the Aggregate Revolving Commitment and the Borrowing Base.

The Borrower may at any time terminate, or from time to time reduce, the Aggregate Commitments; provided that # each reduction of the Aggregate Commitments shall be in an amount that is an integral multiple of $10,000,000 and # the Borrower shall not terminate or reduce the Aggregate Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.09, the Total Credit Exposure would exceed the Aggregate Commitments.

The Borrower may at any time terminate, or from time to time reduce, the Revolving Facility Commitments and/or the Term Loan Commitments; provided that # each reduction of the Revolving Facility Commitments or the Term Loan Commitments, as applicable, shall be in an amount that is an integral multiple of U.S.$1,000,000 and not less than U.S.$2,000,000 (or, if less, the remaining amount of the Revolving Facility Commitments or the Term Loan Commitments, as applicable) and # the Borrower shall not terminate or reduce the Revolving Facility Commitments if, after giving effect to any concurrent prepayment of the Revolving Facility Loans in accordance with [Section 2.11], the Total Revolving Facility Credit Exposures would exceed the total Revolving Facility Commitments.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that # each partial reduction of the Commitments shall be in an amount that is $10,000,000 or a larger multiple of $1,000,000 (or, if less, the remaining amount of any Commitments) and # the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Revolving Commitments.

The Borrowers may at any time terminate, or from time to time reduce, any Class of the Revolving Facility Commitments; provided that # each reduction of the Revolving Facility Commitments will be in an amount that is an integral multiple of $1.0 million and not less than $5.0 million (or, if less, the remaining amount of the applicable Revolving Facility Commitments) and # the Borrowers will not terminate or reduce the Revolving Facility Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.11, the Revolving Facility Credit Exposure would exceed the Line Cap.

At its option, the Borrower may at any time terminate, or from time to time permanently reduce, the Commitments of any Class (other than Delayed Draw Term Loans, which may be reduced or terminated as provided in Section ‎2.07(d) below); provided that # each reduction of the Commitments of any Class (other than Delayed Draw Term Loans) shall be in an amount that is an integral multiple of $250,000 and not less than $500,000 and # the Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with ‎[Section 2.10], the aggregate amount of Revolving Exposures would exceed the aggregate amount of Revolving Commitments.

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