Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 or a higher integral multiple of $5,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Centene Corp)
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 5,000,000 or a higher integral multiple of $5,000,0001,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit and Existing Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ ' prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 1,000,000.00 or a higher integral multiple of $5,000,000100,000.00. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all nonNon-use fees Use Fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 5,000,000 or a higher integral multiple of $5,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ ' prior written notice received by the Administrative Agent Lender (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 1,000,000 or a higher integral multiple of $5,000,000500,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 100,000 or a higher integral multiple of $5,000,000100,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Aggregate Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 5,000,000 or a higher integral multiple of $5,000,0001,000,000. Concurrently with any reduction of the Aggregate Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Ennis, Inc.)
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 5,000,000.00 or a higher integral multiple of $5,000,0001,000,000.00. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company Borrowers may from time to time on at least five Business Days’ ' prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 250,000 or a higher integral multiple of $5,000,00050,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company Borrowers shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Loan and Security Agreement (Kingsway Financial Services Inc)
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 1,000,000 or a higher integral multiple of $5,000,000100,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Loan and Security Agreement (Material Sciences Corp)
Voluntary Reduction or Termination of the Revolving Commitment. The Company Borrower may from time to time on at least five (5) Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 5,000,000 or a higher integral multiple of $5,000,0001,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company Borrower shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five two Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 3,000,000 or a higher integral multiple of $5,000,000500,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use facility fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Semco Energy Inc)
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ ' prior written notice received by the Administrative Paying Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 5,000,000 or a higher integral multiple of $5,000,0001,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit and Existing Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five (5) Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 5,000,000 or a higher integral multiple of $5,000,0001,000,000. Concurrently with any reduction of the Revolving Commitment to zerozero (0), the Company Borrowers shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Epiq Systems Inc)
Voluntary Reduction or Termination of the Revolving Commitment. The Company Borrower may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 5,000,000 or a higher integral multiple of $5,000,0001,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company Borrower shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Infrastructure & Energy Alternatives, Inc.)
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 1,000,000 or a higher integral multiple of $5,000,000100,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 1,000,000 or a higher integral multiple of $5,000,0001,000,000. Concurrently with any permanent reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Fresh Brands Inc)
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 or a higher 1,000,000 and an integral multiple of $5,000,00050,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Wells Mid-Horizon Value-Added Fund I LLC)
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five (5) Business Days’ prior written notice received by given in accordance with Section 15.3 hereof (which the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 500,000 or a higher integral multiple of $5,000,000100,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all accrued interest on the Revolving Loans, all accrued non-use fees and all accrued letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Voluntary Reduction or Termination of the Revolving Commitment. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving OutstandingsOutstandings plus the outstanding amount of all Swing Line Loans. Any such reduction shall be in an amount not less than $10,000,000 or a higher an integral multiple of $5,000,0001,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all interest on the Revolving Loans, all non-use fees Commitment Fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Westinghouse Air Brake Technologies Corp)
Voluntary Reduction or Termination of the Revolving Commitment. The Company Borrowers may from time to time on at least five Business Days’ ' prior written notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $10,000,000 500,000 or a higher integral multiple of $5,000,000100,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company Borrowers shall pay all interest on the Revolving Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit.
Appears in 1 contract