Voluntary Reductions. The Company shall have the right to terminate or permanently reduce the unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving Committed Amount and/or the Aggregate Swiss/Multicurrency Revolving Committed Amount at any time or from time to time upon not less than five Business Days’ prior notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, which shall be in a minimum Dollar Amount of $5,000,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding U.S. Revolving Loans plus outstanding Swingline Loans plus LOC Obligations would exceed the Aggregate U.S. Revolving Committed Amount, (ii) the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to the prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and (iii) the Aggregate Swiss/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of outstanding Swiss/Multicurrency Revolving Loans would exceed the Aggregate Swiss/Multicurrency Revolving Committed Amount.
Appears in 2 contracts
Sources: Credit Agreement (Ims Health Inc), Credit Agreement (Ims Health Inc)
Voluntary Reductions. (i) The Company Initial Borrower shall have the right to terminate or permanently reduce the unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving Committed Amount and/or or the Aggregate Swiss/Multicurrency Revolving Committed Amount Alternative Currency Sub Limit at any time or from time to time upon not less than five three (3) Business Days’ (or four (4) Business Days in the case of the Alternative Currency Sub Limit) prior written notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, reduction which shall be in a minimum Dollar Amount amount of (except in connection with any reduction permitted under Section 5.21) $5,000,000 1,000,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, ; provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding U.S. Revolving Loans plus outstanding Swingline Loans plus LOC Obligations Advances Outstanding would exceed the Aggregate U.S. Revolving aggregate Committed AmountAmount and/or the Alternative Currency Sub Limit then in effect (or in the case of any Class of Lenders, the Advances Outstanding of such Class of Lenders would exceed the Committed Amount and/or Alternative Currency Sub-Limit then in effect of such Class of Lenders); provided, further that, in the case of the proposed reduction or termination of the Alternative Currency Sub Limit, no Default or Event of Default shall have occurred and be continuing at the time of such proposed reduction or termination or would result from such reduction or termination.
(ii) CSF shall have the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and right to terminate its rights as a Borrower with respect to the prepayments Commitment and LOC Commitment hereunder at any time or from time to time upon not less than three (3) Business Days’ (or four (4) Business Days’ in the case of the Loans made on Alternative Currency Sub Limit) prior written notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of such termination, which notice shall specify the effective date thereofthereof and shall be irrevocable and effective upon receipt by the Administrative Agent; provided that (1) all indebtedness (as defined in Section 10.1) that CSF owes to the Administrative Agent and/or the Lenders in its capacity as a Borrower has been indefeasibly paid in full in cash (or, in the sum case of Letters of Credit of which CSF is the actual account party, each such Letter of Credit has been cash collateralized in an amount equal to 103% of the Dollar Amount stated and undrawn amount of such Letter of Credit and in the Currency in which such Letter of Credit was issued and otherwise on terms and conditions satisfactory to the applicable Issuing Lender), and (2) no Default or Event of Default shall have occurred and be continuing at the time of such termination pursuant to this Section 2.6(a) or would result from such termination or the termination of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and (iii) the Aggregate Swiss/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of outstanding Swiss/Multicurrency Revolving Loans would exceed the Aggregate Swiss/Multicurrency Revolving Committed AmountGuaranty Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc)
Voluntary Reductions. (i) The Company Initial Borrower shall have the right to terminate or permanently reduce the unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving Committed Amount and/or or the Aggregate Swiss/Multicurrency Revolving Committed Amount Alternative Currency Sub Limit at any time or from time to time upon not less than five three (3) Business Days’ (or four (4) Business Days in the case of the Alternative Currency Sub Limit) prior written notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, reduction which shall be in a minimum Dollar Amount amount of $5,000,000 1,000,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, ; provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding U.S. Revolving Loans plus outstanding Swingline Loans plus LOC Obligations Advances Outstanding would exceed the Aggregate U.S. Revolving aggregate Committed AmountAmount and/or the Alternative Currency Sub Limit then in effect; provided, further that, in the case of the proposed reduction or termination of the Alternative Currency Sub Limit, no Default or Event of Default shall have occurred and be continuing at the time of such proposed reduction or termination or would result from such reduction or termination.
(ii) CSF shall have the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and right to terminate its rights as a Borrower with respect to the prepayments Commitment and LOC Commitment hereunder at any time or from time to time upon not less than three (3) Business Days’ (or four (4) Business Days’ in the case of the Loans made on Alternative Currency Sub Limit) prior written notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of such termination, which notice shall specify the effective date thereofthereof and shall be irrevocable and effective upon receipt by the Administrative Agent; provided that (1) all indebtedness (as defined in Section 10.1) that CSF owes to the Administrative Agent and/or the Lenders in its capacity as a Borrower has been indefeasibly paid in full in cash (or, in the sum case of Letters of Credit of which CSF is the actual account party, each such Letter of Credit has been cash collateralized in an amount equal to 103% of the Dollar Amount stated and undrawn amount of such Letter of Credit and in the Currency in which such Letter of Credit was issued and otherwise on terms and conditions satisfactory to the applicable Issuing Lender), and (2) no Default or Event of Default shall have occurred and be continuing at the time of such termination pursuant to this Section 2.6(a) or would result from such termination or the termination of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and (iii) the Aggregate Swiss/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of outstanding Swiss/Multicurrency Revolving Loans would exceed the Aggregate Swiss/Multicurrency Revolving Committed AmountGuaranty Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc)
Voluntary Reductions. The Company Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction (after giving effect to any prepayment thereof to be made at such time); provided that any such partial reduction of the Revolving Loan Commitment Amount shall be in an aggregate minimum amount of $250,000 and multiples of $50,000 in excess of that amount, and any such reduction shall proportionately and permanently reduce the Revolving Loan Commitment of each of the Lenders with such a Commitment. Borrower’s notice to Administrative Agent (who will promptly notify each applicable Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction shall be effective on the date specified in Borrower’s notice and shall reduce the amount of the Revolving Loan Commitment of each applicable Lender proportionately to its Pro Rata Share; provided, however, that Borrower may rescind any such notice under this Section 2.4(b)(i) if such notice requests a termination of all of the unused Commitments hereunder (and upon such rescission such termination shall not become effective on the date specified in such notice) if such termination would have occurred in connection with a refinancing or repayment of all of the Loans and Commitments hereunder, which refinancing or repayment shall not be consummated or shall be delayed as a result of the failure or delay in the consummation of a substantially concurrent Asset Sale or issuance and sale of Capital Stock or Indebtedness by Holdings or any of its Restricted Subsidiaries. Any such voluntary reduction of the Revolving Loan Commitment Amount shall be applied as specified in Section 2.4(b)(iv). Borrower shall have the right to terminate or permanently reduce the unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving Committed Amount and/or the Aggregate Swiss/Multicurrency Revolving Committed Amount at any time or and from time to time time, upon not less than five three (3) Business Days’ Days prior written notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) or such shorter period of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, which shall be in a minimum Dollar Amount of $5,000,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) in excess thereof and shall be irrevocable and effective upon receipt time agreed to by the Administrative AgentAgent in its sole reasonable discretion), provided that no such reduction to terminate the undrawn portion of the remaining Delayed Draw Term Loan Commitments without premium or penalty and in whole or in part, any partial termination of to be (i) in an amount not less than $500,000 (or such lesser amount to the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments extent the undrawn portion of the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding U.S. Revolving Loans plus outstanding Swingline Loans plus LOC Obligations would exceed the Aggregate U.S. Revolving Committed Amount, remaining Delayed Draw Term Loan Commitments are less than such amount) and (ii) allocated ratably among the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to the prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and (iii) the Aggregate Swiss/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of outstanding Swiss/Multicurrency Revolving Loans would exceed the Aggregate Swiss/Multicurrency Revolving Committed AmountLenders with a Delayed Draw Term Loan Commitment.
Appears in 2 contracts
Sources: Credit Agreement (EngageSmart, LLC), Credit Agreement (EngageSmart, LLC)
Voluntary Reductions. The Company (i) shall have the right to terminate or reduce (either permanently reduce or temporarily) the unused portion of the Aggregate U.S. Revolving Committed Amount, and (ii) the Aggregate Japanese/Multicurrency Canadian Borrower shall have the right to terminate or reduce (either permanently or temporarily) the unused portion of the Revolving Canadian Committed Amount and/or the Aggregate Swiss/Multicurrency Revolving Committed Amount Amount, in each case at any time or from time to time upon not less than five ten (10) Business Days’ prior written notice to the Administrative Agent Agents (which who shall notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, reduction which shall be in a minimum Dollar Amount of $5,000,000 U.S.$5,000,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) U.S.$1,000,000 in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, Agents; provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Revolving Loans and/or Swingline Loans made on the effective date thereof and to any corresponding increase in the U.S. Revolving Committed Amount or the Revolving Canadian Committed Amount, as applicable, pursuant to Section 2.11(c) on the effective date thereof, (A) the sum aggregate principal Dollar Amount (determined as of the most recent Determination Date) of outstanding Revolving Loans, Swingline Loans and LOC Obligations would exceed the Aggregate Revolving Committed Amount then in effect, (B) the aggregate principal Dollar Amount of the outstanding U.S. Revolving Loans plus outstanding Loans, U.S. Swingline Loans plus and LOC Obligations would exceed the Aggregate U.S. Revolving Committed Amount then in effect or (C) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of the outstanding Canadian Revolving Loans and Canadian Swingline Loans would exceed the Canadian Revolving Committed Amount then in effect. Delivery by the Applicable Borrower of a notice of reduction pursuant to this Section that is not accompanied by a simultaneous notice of election to reallocate commitments pursuant to Section 2.11(c) shall be deemed to be a permanent reduction of the U.S. Revolving Committed Amount or Canadian Revolving Committed Amount, (ii) the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to the prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and (iii) the Aggregate Swiss/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of outstanding Swiss/Multicurrency Revolving Loans would exceed the Aggregate Swiss/Multicurrency Revolving Committed Amountas applicable.
Appears in 2 contracts
Sources: Credit Agreement (Rock-Tenn CO), Credit Agreement (Rock-Tenn CO)
Voluntary Reductions. The Company shall have the right to terminate or permanently reduce the unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving Committed Amount and/or the Aggregate Swiss/Multicurrency Revolving Committed Amount at any time or from time to time upon not less than five (5) Business Days’ prior written notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, reduction which shall be in a minimum Dollar Amount amount of $5,000,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, ; provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Dollar Amount aggregate principal amount of the outstanding U.S. Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations would exceed the Aggregate U.S. Revolving Committed Amount, (ii) Amount then in effect. Any reduction in the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and applied to the prepayments Commitment of each Revolving Lender in according to its Commitment Percentage. Subject to the conditions set forth in this Section 2.6(a), U.K. Borrower shall have the right to terminate or permanently reduce any unused portion of the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and U.K. Borrower Sublimit; provided that (iiia) the Aggregate Swiss/Multicurrency Revolving Committed Amount no such reduction or termination shall be permitted if after giving effect thereto, and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Dollar Amount aggregate principal amount of outstanding Swiss/Multicurrency U.K. Borrower Revolving Loans would exceed the Aggregate Swiss/Multicurrency U.K. Borrower Sublimit and (b) if the Revolving Committed Amount is reduced below the U.K. Borrower Sublimit, the U.K. Borrower Sublimit shall automatically be reduced by an amount such that the U.K. Borrower Sublimit equals the Revolving Committed Amount.
Appears in 2 contracts
Sources: Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp)
Voluntary Reductions. The Company shall have the right to terminate or permanently reduce the unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving A Committed Amount and/or the Aggregate Swiss/Multicurrency Revolving B Committed Amount at any time or from time to time upon not less than five (5) Business Days’ prior written notice to the Administrative Agent (which shall notify the Lenders thereof thereofRevolving A Lenders and/or the Revolving B Lenders, as applicable, as soon as practicable) of each such termination or reduction, which notice shall specify whether the Revolving A Committed Amount or the Revolving B Committed Amount is being reduced, the effective date thereof and the amount of any such reduction, reduction which shall be in a minimum Dollar Amount amount of $5,000,000 500,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) 250,000 in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, ; provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, (i) and after giving effect to any prepayments of the Revolving A Loans made on the effective date thereof, the sum of the Dollar Amount aggregate principal amount of the outstanding U.S. Revolving A Loans plus outstanding Swingline Loans plus outstanding LOC Obligations would exceed the Aggregate U.S. Revolving A Committed Amount, Amount then in effect and (ii) the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if and after giving effect thereto, and to the any prepayments of the Revolving B Loans made on the effective date thereof, the sum aggregate principal amount of the Dollar Amount of the outstanding Japanese/Multicurrency Revolving B Loans would exceed the Aggregate Japanese/Multicurrency Revolving B Committed Amount and (iii) then in effect. Any reduction in the Aggregate Swiss/Multicurrency Revolving A Committed Amount shall be permitted if after giving effect thereto, and applied to any prepayments the Revolving A Commitment of each Revolving A Lender in according to its Revolving A Commitment Percentage. Any reduction in the Loans made on Revolving B Committed Amount shall be applied to the effective date thereof, the sum Revolving B Commitment of the Dollar Amount of outstanding Swiss/Multicurrency each Revolving Loans would exceed the Aggregate Swiss/Multicurrency B Lender in according to its Revolving Committed AmountB Commitment Percentage.
Appears in 1 contract
Sources: Credit Agreement (Universal Health Realty Income Trust)
Voluntary Reductions. The Company Borrower shall have the right to terminate or permanently reduce the the(a) unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving Committed Amount and/or the Aggregate Swiss/Multicurrency Revolving Committed Amount at any time or from time to time upon not less than five (5) Business Days’ prior written notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, reduction which shall be in a minimum Dollar Amount amount of $5,000,000 1,000,000 or a whole multiple of $1,000,000 (or the remaining amount of the Commitment, if less) in excess thereof and and, subject to the final sentence of Section 2.7(a) below, shall be irrevocable and effective upon receipt by the Administrative Agent, ; provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the Dollar Amount aggregate principal amount of the outstanding U.S. Revolving Loans plus outstanding Swingline Loans plus LOC Obligations would exceed the Aggregate U.S. Revolving Committed Amount, (ii) Amount then in effect. Any reduction in the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and applied to the prepayments Commitment of each Revolving Lender in accordance with its Revolving Commitment Percentage. LOC Committed Amount. If the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and (iiiis reduced below the then current(b) LOC Committed Amount, the Aggregate Swiss/Multicurrency Revolving LOC Committed Amount shall automatically be permitted if after giving effect thereto, and to any prepayments of reduced by an amount such that the Loans made on LOC Committed Amount equals the effective date thereof, the sum of the Dollar Amount of outstanding Swiss/Multicurrency Revolving Loans would exceed the Aggregate Swiss/Multicurrency Revolving Committed Amount.. Revolving Maturity Date. The Revolving Commitments and the LOC Commitment shall(c) automatically terminate on the Revolving Maturity Date. - 54-
Appears in 1 contract
Voluntary Reductions. The Company shall have Commitments hereunder may be permanently reduced in whole or in part by notice from the right to terminate or permanently reduce the unused portion of the Aggregate U.S. Revolving Committed Amount, the Aggregate Japanese/Multicurrency Revolving Committed Amount and/or the Aggregate Swiss/Multicurrency Revolving Committed Amount at any time or from time to time upon not less than five Business Days’ prior notice Borrowers to the Administrative Agent Agent; provided that (which shall notify the Lenders thereof as soon as practicablei) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction, which notice thereof must be received by 11:00 a.m. at least five Business Days prior to the date of reduction or termination and any such prepayment shall be in a minimum Dollar Amount principal amount of $5,000,000 or a whole multiple 5 million and integral multiples of $1,000,000 1 million in excess thereof; (ii) the Commitments may not be reduced to an amount less than the Loan Obligations then outstanding thereunder, (iii) if, after giving effect to any reduction of the Aggregate Commitments, the L/C Sublimit, the Designated Borrower Sublimit or the remaining Swingline Sublimit exceeds the amount of the CommitmentAggregate Commitments, if less) in excess thereof and such sublimit shall be irrevocable and effective upon receipt automatically reduced by the Administrative Agentamount of such excess and (iv) if, provided that no such reduction or termination of (i) the Aggregate U.S. Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments reduction of any of the Loans made Aggregate Commitments, the Domestic L/C Sublimit, the Foreign L/C Sublimit, the Designated Borrower Limit, the Swingline Sublimit exceeds the amount of applicable Aggregate Commitments, such sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will give prompt notice to the Lenders of any such reduction in Commitments. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its respective Revolving Commitment Percentage or Term Loan Commitment Percentage, as appropriate. All commitment or other fees accrued with respect thereto through the effective date of any termination of the Aggregate Commitments shall be paid on the effective date thereof, the sum of the Dollar Amount of the outstanding U.S. Revolving Loans plus outstanding Swingline Loans plus LOC Obligations would exceed the Aggregate U.S. Revolving Committed Amount, (ii) the Aggregate Japanese/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to the prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of the outstanding Japanese/Multicurrency Revolving Loans would exceed the Aggregate Japanese/Multicurrency Revolving Committed Amount and (iii) the Aggregate Swiss/Multicurrency Revolving Committed Amount shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the Dollar Amount of outstanding Swiss/Multicurrency Revolving Loans would exceed the Aggregate Swiss/Multicurrency Revolving Committed Amountsuch termination.
Appears in 1 contract