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This excerpt taken from the CVS 8-K filed Mar 23, 2007. Voluntary
Termination or Reductions. At the Borrower’s option and upon at
least
three Domestic Business Days’ prior irrevocable notice to the Administrative
Agent, the Borrower may (i) terminate the Commitments, the Swing Line Commitment
and the Letter of Credit Commitment, at any time, or (ii) permanently reduce
the
Aggregate Commitment Amount, the Swing Line Commitment or the Letter of Credit
Commitment, in part at any time and from time to time, provided
that (1) each such partial reduction shall be
in an amount equal to at least (A) in the case of the Aggregate Commitment
Amount $10,000,000 or an integral multiple of $1,000,000 in excess thereof,
(B)
in the case of the Swing Line Commitment, $1,000,000, or an integral multiple
of
$1,000,000 in excess thereof, and (C) in the case of the Letter of Credit
Commitment, $1,000,000, or an integral multiple of $1,000,000 in excess thereof,
and (2) immediately after giving effect to each such reduction, (A) the
Aggregate Commitment Amount shall equal or exceed the Aggregate Credit Exposure,
(B) the Swing Line Commitment shall equal or exceed the aggregate outstanding
principal balance of all Swing Line Loans and (C) the Letter of Credit
Commitment shall equal or exceed the Letter of Credit Exposure of all Lenders,
and |
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