Common use of Total Commitment Amount Clause in Contracts

Total Commitment Amount. The aggregate amount (the "Total ----------------------- Commitment Amount") of the Bank's Commitment on any date on or prior to the Commitment Termination Date shall be $100,000,000 less all voluntary reductions to such amount made by the Borrower; provided, however, that all such reductions ----------------- shall be made on a pro rata basis with reductions of the total commitment amounts of all other banks which have Senior Revolving Loan Agreements with the Borrower, shall require at least three Business Days' prior notice to the Bank and be permanent, and all partial reductions of such amount, in the case of any voluntary reduction, shall be in minimum amounts of $500,000 and in integral multiples of $100,000 in excess thereof.

Appears in 1 contract

Sources: Senior Revolving Loan Agreement (Consol Energy Inc)

Total Commitment Amount. The aggregate amount (the ----------------------- "Total ----------------------- Commitment Amount") of the Bank's Commitment on any date on or prior to the Commitment Termination Date shall be $100,000,000 less all voluntary reductions to such amount made by the Borrower; provided, however, that all -------- ------- such reductions ----------------- shall be made on a pro rata basis with reductions of the total commitment amounts of all other banks which have Senior Revolving Loan Agreements with the Borrower, shall require at least three Business Days' prior notice to the Bank and be permanent, and all partial reductions of such amount, in the case of any voluntary reduction, shall be in minimum amounts of $500,000 and in integral multiples of $100,000 in excess thereof.

Appears in 1 contract

Sources: Senior Revolving Loan Agreement (Consol Energy Inc)