Voluntary Reduction or Termination. Upon at least 30 days prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable.
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Sources: Loan, Guaranty and Security Agreement (BIG 5 SPORTING GOODS Corp), Loan Agreement (BIG 5 SPORTING GOODS Corp)
Voluntary Reduction or Termination. Upon at least 30 days 15 Business Days prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable. Any such notice may be conditioned upon the effectiveness of other credit facilities, the receipt of the proceeds from the issuance of other Debt or receipt of proceeds from the sale of the Equity Interests or assets of an Obligor.
Appears in 1 contract
Sources: Loan Agreement (Key Tronic Corp)
Voluntary Reduction or Termination. Upon at least 30 ten (10) days prior written notice to Agent at any time, Borrowers Borrower may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice, in a minimum amount of $5,000,000 (plus any increment of $1,000,000 (or lesser amount if resulting in a termination)), and applied ratably to all Commitments. Any A notice of termination or reduction by Borrowers shall be Borrower is irrevocable.
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Voluntary Reduction or Termination. Upon at least 30 days 15 Business Days prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,0005,000,000, but not less than $5,000,00010,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable.; provided that any such notice may be conditioned upon the occurrence of a refinancing or receipt of proceeds of Debt or Equity Interests. 133315237_8
Appears in 1 contract
Sources: Loan Agreement (Inari Medical, Inc.)
Voluntary Reduction or Termination. Upon at least 30 days 10 Business Days’ prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable; provided that any such notice may be conditioned upon the occurrence of a refinancing or receipt of proceeds of Debt or Equity Interests.
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