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 plus the outstanding amount of all Swing Line Loans (after taking into account any payments on the Revolving Loan on such date). Any such reduction shall be in an amount not less than $10,000,000 or a higher integral multiple of $2,000,000. Concurrently with any reduction of the Revolving Commitment to zero, the Company shall pay all accrued and unpaid interest on the Revolving Loans, all accrued and unpaid Non-Use Fees.
Appears in 2 contracts
Sources: Loan Modification Agreement (Pioneer Financial Services Inc), Credit Agreement (Pioneer Financial Services Inc)