Common use of Reductions in Aggregate Commitment Clause in Contracts

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof, upon at least two Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 3 contracts

Sources: Revolving Credit Agreement (TJX Companies Inc /De/), Revolving Credit Agreement (TJX Companies Inc /De/), Revolving Credit Agreement (TJX Companies Inc /De/)

Reductions in Aggregate Commitment. (a) The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two five (5) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesLetter of Credit Obligations.

Appears in 3 contracts

Sources: Letter of Credit Agreement (Navigators Group Inc), Letter of Credit Agreement (Navigators Group Inc), Funds at Lloyd’s Letter of Credit Agreement (Navigators Group Inc)

Reductions in Aggregate Commitment. The Borrower may without premium or penalty permanently reduce the Aggregate Commitment in whole whole, or in part part, ratably among the Lenders in a minimum amount of $15,000,000 and aggregate integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two (2) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, provided that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances, after taking into account any prepayments to be made on or before such date.

Appears in 3 contracts

Sources: Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment (and the Maximum Aggregate Commitment) in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two ten Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 2 contracts

Sources: Unsecured Revolving Credit Agreement (Susa Partnership Lp), Unsecured Revolving Credit Agreement (Susa Partnership Lp)

Reductions in Aggregate Commitment. The Borrower may without premium or penalty permanently reduce the Aggregate Commitment in whole whole, or in part part, ratably among the Lenders 20 in a minimum amount of $15,000,000 and aggregate integral multiples of $2,500,000 in excess thereof5,000,000 (or if less, the Aggregate Commitment), upon at least two (2) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, provided that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesAggregate Outstanding Credit Exposure, after taking into account any prepayments to be made on or before such date.

Appears in 1 contract

Sources: Credit Agreement (Oge Energy Corp.)

Reductions in Aggregate Commitment. The Subject to Section 2.17, ---------------------------------- the Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum aggregate amount of $15,000,000 5,000,000 (and integral multiples of $2,500,000 1,000,000 in excess thereof), upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the Dollar Equivalent of the aggregate principal amount of the then outstanding Syndicated Advances.

Appears in 1 contract

Sources: Credit Agreement (Jostens Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 5,000,000 and in integral multiples of $2,500,000 1,000,000 in excess thereof, upon at least two three Business Days' written notice to the Administrative AgentBank, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount Dollar Amount, calculated as of the date of such reduction of the Commitment, of all outstanding Syndicated Advances.

Appears in 1 contract

Sources: Senior Revolving Credit Agreement (Enesco Group Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof250,000, upon at least two ten Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder.

Appears in 1 contract

Sources: Credit Agreement (Administaff Inc \De\)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part part, ratably among the Lenders in a minimum aggregate amount of $15,000,000 5,000,000 (and integral multiples of $2,500,000 500,000 in excess thereof), upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Sources: Credit Agreement (Firstar Corp /Wi/)

Reductions in Aggregate Commitment. The Borrower may ---------------------------------- permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof1,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that reduction (the amount of the "Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesReduction Notice").

Appears in 1 contract

Sources: Interim Credit Agreement (Gardner Denver Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the sum of the aggregate principal amount of the outstanding Syndicated AdvancesAdvances and the aggregate outstanding L/C Obligations and Swing Line Loans.

Appears in 1 contract

Sources: Credit Agreement (Omnicare Inc)

Reductions in Aggregate Commitment. The Borrower may ---------------------------------- permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two three Business Days' Day's written notice to the Administrative Agent, which notice shall specify specify, the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the sum of (i) the Dollar Equivalent of the aggregate principal amount of the then outstanding Syndicated AdvancesAdvances plus (ii) the Facility Letter ---- of Credit Obligations.

Appears in 1 contract

Sources: Revolving Credit Agreement (BDM International Inc /De)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 5,000,000 and in integral multiples of $2,500,000 1,000,000 if in excess thereof, thereof upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.Credit Extensions and may not in any event be reduced below $50,000,000 unless reduced to zero (

Appears in 1 contract

Sources: Credit Agreement (Sun Communities Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 3,000,000 (and integral in multiples of $2,500,000 3,000,000 if in excess thereof), upon at least two three (3) Business Days' prior written notice to the Administrative AgentAgent of such reduction, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.Aggregate Outstanding Credit

Appears in 1 contract

Sources: Revolving Credit Agreement (Applebees International Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof5,000,000, upon at least two ten Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Sources: Unsecured Revolving Credit Agreement (Storage Usa Inc)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum aggregate amount of $15,000,000 5,000,000 (and integral multiples of $2,500,000 500,000 in excess thereof), upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

Appears in 1 contract

Sources: Credit Agreement (Firstar Corp /Wi/)

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole whole, or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof10,000,000, upon at least two three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated AdvancesAggregate Outstanding Credit Exposure.

Appears in 1 contract

Sources: Credit Agreement (Tecumseh Products Co)