FACILITY AMOUNT REDUCTION OR TERMINATION Sample Clauses
FACILITY AMOUNT REDUCTION OR TERMINATION. Borrower shall have the ---------------------------------------- option, from time to time, to reduce the Facility Amount by $10,000,000 or any greater integral multiple of $5,000,000, by (a) giving written notice of its election to exercise such option to Agent no later than three (3) Domestic Business Days before the date the reduction is to be effective, and (b) giving such notice of, and making such, prepayment, if any, as is required by the provisions of Section 2.10 on account of such reduction of the Facility Amount. In no event shall Borrower, as a result of any such election, be entitled to a refund of any fees paid to Agent or any Bank hereunder or be entitled thereafter, without the written consent of Agent and all Banks, to a restoration of the amount, or any part thereof, by which the Facility Amount shall have been reduced. Upon receipt of any such written notice, Agent shall deliver a copy of the same to each Bank.
FACILITY AMOUNT REDUCTION OR TERMINATION. Borrowers shall have the ---------------------------------------- option, from time to time, to reduce the Facility Amount by $10,000,000 or any greater integral multiple of $5,000,000, by giving written notice of their election to exercise such option to Banks' Agent no later than three (3) Domestic Business Days before the date the reduction is to be effective, which notice shall set forth the amount of the reduction and the date such reduction is to be effective. In no event shall Borrowers, as a result of any such election, be entitled to a refund of any fees paid to Banks' Agent or any Bank hereunder. Upon receipt of any such written notice, Banks' Agent shall deliver a copy of the same to each Bank and Swing Lender.