Termination or Reduction of Commitment Sample Clauses

Termination or Reduction of Commitment. (a) Notwithstanding any provisions of this Agreement to the contrary, the City agrees not to terminate this Agreement or reduce the Commitment prior to the Stated Expiration Date, except upon (i) the payment of any amounts required to be paid pursuant to the terms of this Agreement and the Fee Letter in the amounts, at the times and in the manner set forth therein (if any), (ii) the payment to the Bank of all Obligations payable hereunder and (iii) the City providing the Bank with thirty (30) days prior written notice of its intent to terminate this Agreement; provided that all payments to the Bank referred to in clause (i) and (ii) above shall be made in immediately available funds. The City agrees that any termination of this Agreement as a result of the provision of any substitute facility pursuant to the terms of the Ordinance will require, as a condition thereto, that the City or the issuer of such facility will provide funds on the date of such termination or provision in an amount sufficient to pay in full at the time of termination all Obligations due and owing to the Bank. (b) The Commitment shall terminate on the Commitment Termination Date. All Advances then outstanding (together with accrued interest thereon) shall be due and payable on the Commitment Termination Date, unless such Advances have been or would be converted into Bank Loans pursuant to the terms and provisions of this Agreement. (c) If the Commitment is terminated in its entirety, all accrued Facility Fees shall be payable on the effective date of such termination. If the amount of the Commitment is reduced, the Facility Fee that has accrued on the amount by which the Commitment has been reduced shall be payable on the effective date of such reduction together with any amounts required to be paid pursuant to the terms of the Fee Letter, at the times and in the manner set forth therein.

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon not less than three (3) Business Days’ irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders), to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.

Termination or Reduction of Commitment. The Borrower may, upon notice to the Lender, terminate the Commitment or from time to time permanently reduce the Commitment; provided that (i) any such notice shall be received by the Lender not later than 11:00 a.m. three Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (iii) the Borrower shall not terminate or reduce the Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Commitment. All fees accrued until the effective date of any termination of the Commitment shall be paid on the effective date of such termination.

Termination or Reduction of Commitment. The Company may, upon notice to the Lender, terminate the Commitment, or from time to time permanently reduce the amount of the Commitment; provided that (i) any such notice shall be received by the Lender not later than 1:00 p.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Company shall not terminate or reduce the amount of the Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings plus the Alternative Currency Reserve (if any) would exceed the amount of the Commitment, and (iv) if, after giving effect to any reduction of the amount of the Commitment, the Letter of Credit Sublimit exceeds the amount of the Commitment, such Sublimit shall be automatically reduced by the amount of such excess. The amount of any such Commitment reduction shall not be applied to the Letter of Credit Sublimit unless otherwise specified by the Company. All fees accrued until the effective date of any termination of the Commitment shall be paid on the effective date of such termination.

Termination or Reduction of Commitment. Unless earlier terminated pursuant to Article 7, the Commitments shall terminate upon the funding of the Loans to which such Commitments relate.

Termination or Reduction of Commitment. The Borrower shall have the right, upon at least five (5) Business Days' notice to Bank, to terminate in whole or reduce in part the unused portion of the Commitment, provided that each partial reduction shall be in the amount of not less than Five Hundred Thousand Dollars ($500,000). The Commitment once reduced or terminated may not be reinstated.

Termination or Reduction of Commitment. The Borrower may, upon notice to the Lender, terminate the Commitment, or from time to time permanently reduce the Commitment; provided that (i) any such notice shall be received by the Lender not later than 1:00 p.m., five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $250,000 or any whole multiple of $50,000 in excess thereof, and (iii) the Borrower shall not terminate or reduce the Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the total L/C Obligations would exceed the Commitment.

Termination or Reduction of Commitment. The Company shall have the right, upon not less than five (5) Business Days' notice to the Administrative Agent, to terminate the Total Commitment or, from time to time, reduce the amount of the Total Commitment, provided, that, (i) each reduction (other than a termination) shall be in a minimum amount of $10,000,000 and in integral multiples of $5,000,000 in excess thereof, (ii) no such reduction or termination shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the then outstanding principal amount of the Loans would exceed the amount of the Total Commitment then in effect and (iii) each Bank's Commitment shall be reduced proportionately. Termination of the Commitments shall also terminate the obligation of the Banks to make Loans. The portions of Commitments once terminated or reduced may not be reinstated.

Termination or Reduction of Commitment. (a) The Revolving Credit Commitment shall automatically terminate at 5:00 p.m. Boston time on the Maturity Date. The Borrower, upon notice to the Agent and each Lender in accordance with Section 4.4 and the repayment in full of the outstanding principal balance of the Loans (and accrued interest thereon) and the payment in full of any expenses or other fees owed by the Borrower to the Agent or any Lender under or pursuant to this Agreement, may elect to terminate the Revolving Credit Commitment permanently, whereupon the Commitments of the Lenders shall be terminated entirely. If any Letters of Credit would remain outstanding after the effective date of any such termination, in addition to the satisfaction of all other applicable terms and conditions of this Agreement, the Borrower shall either deposit with and pledge to the Agent cash in an amount equal to 100% of the Letter of Credit Usage at the effective date of such termination, or (ii) arrange for the termination of such Letters of Credit and the return thereof to the Issuing Bank. No such termination may be reinstated. (b) The Borrower may also, upon notice to the Agent and each Lender in accordance with Section 4.4, reduce the Revolving Credit Commitment in integral multiples of $500,000, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages by the aggregate amount specified in such notice. If, as a result of any such reduction, the aggregate outstanding balance of Revolving Credit Loans, Swing Line Advances plus the Letter of Credit Usage would exceed the Revolving Credit Commitment, the Borrower shall, as a condition precedent to any such reduction, deposit with and pledge to the Agent cash in an amount equal to 100% of such excess or to make repayments of outstanding Revolving Credit Loans and/or Swing Line Advances in an aggregate amount equal to such excess. No such reduction may be reinstated.