Ratable Termination or Reduction Sample Clauses

Ratable Termination or Reduction. The Borrower shall have the right, at any time or from time to time, 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 (i) each partial reduction shall be in the minimum amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of Loans in accordance herewith, the aggregate Revolving Credit Exposure would exceed the aggregate amount of the Commitments; provided further that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions (including the occurrence of a Change of Control) in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. The aggregate amount of the Commitments, once reduced as provided in this Section 2.07(b), may not be reinstated, except as provided in Section 2.07(c) below.

Ratable Termination or Reduction. (i) The Borrower shall have the right at any time prior to the Funding Date, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or permanently reduce ratably in part the 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. (ii) The Commitments shall automatically and permanently be ratably reduced on the date of receipt of, and in an aggregate amount equal to, the net cash proceeds of debt for borrowed money (including for the absence of doubt, capital markets issues) by the Borrower or any of its Subsidiaries after the date hereof of indebtedness (excluding (A) intercompany debt of such entities, (B) borrowings under the Borrower’s existing credit facilities and any refinancing thereof, (C) issuances of commercial paper and refinancings thereof and (D) working capital or overdraft facilities, letters of credit and purchase money and equipment financings (including vessel financings).

Ratable Termination or Reduction. 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 (except with respect to the reduction of Revolving Credit Commitments contemplated by the 2021 Extension Amendment and with respect to any other reduction or termination of Extended Commitments) in part the Unused Commitments or the Unissued Letter of Credit Commitments of the Lenders, provided; provided that no termination or reduction of Non-Extended Commitments shall be made pursuant to this Section 2.5 unless the Extended Commitments have been (or are concurrently being) terminated in full (other than any reduction of no more than 20% of the Extended Revolving Credit Commitment held by a Lender immediately after the conversion of its Non-Extended Commitment into an Extended Revolving Credit Commitment pursuant to Section 2.14 so long as such reduction is effected substantially concurrently with such conversion and occurs no later than one week after the Amendment Effective Date); provided, further, 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.

Ratable Termination or Reduction. The Borrower shall have the right, upon at least 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 the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the sum of the aggregate principal amount of the B Advances then outstanding, and PROVIDED FURTHER that each partial reduction shall be in the aggregate amount of $25,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated, a Commitment cannot be reinstated.

Ratable Termination or Reduction. The Company shall have the right, at any time or from time to time, 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, provided that (i) each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof, (ii) the aggregate amount of the Commitments of the Lenders as to all Borrowers shall not be reduced to an amount that is less than the aggregate outstanding principal amount of all Advances and the aggregate Letter of Credit Exposures of the Lenders, then outstanding as to all Borrowers, and (iii) any such reduction shall be without prejudice to the terms of Sections 2.02(b) and (e). The aggregate amount of the Commitments, once reduced as provided in this Section 2.04(b), may not be reinstated.

Ratable Termination or Reduction. The Company shall have the right, upon at least three Business Days' notice to the Agent, to terminate or cancel 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 an aggregate amount not less than $25,000,000 or an integral multiple of $5,000,000 in excess thereof 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 sum of the aggregate principal amount of the Competitive Bid Loans denominated in Dollars then outstanding plus the Equivalent in Dollars (determined as of the date of such notice) of the aggregate principal amount of the Competitive Bid Loans denominated in Primary Currencies then outstanding.