Common use of Notice of Voluntary Termination or Reduction Clause in Contracts

Notice of Voluntary Termination or Reduction. Borrowers shall notify Administrative Agent of any election to terminate or reduce the Revolving Credit Commitments or Delayed Draw Term Commitments under Section 2.8(b) by no later than 1:00 p.m., New York City time, three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by Borrowers pursuant to this Section shall be irrevocable; provided that a notice of termination of Revolving Credit Commitments or Delayed Draw Term Commitments delivered by Borrowers may state that such notice is conditioned upon the effectiveness of other credit facilities or occurrence of other transactions or events, in which case such notice may be revoked by Borrowers (by notice to Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

Notice of Voluntary Termination or Reduction. Borrowers The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Credit Commitments or Delayed Draw Term Commitments under paragraph (b) of this Section 2.8(b) by no not later than 1:00 p.m.12:00 noon, New York City time, three (3) time on the Business Days prior to the effective date of Day on which such termination or reductionreduction is to become effective, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by Borrowers the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of Revolving Credit Commitments or Delayed Draw Term the Commitments delivered by Borrowers the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or occurrence another transaction (such as a change of control transaction) or other transactions or eventsincurrence of Indebtedness, in which case such notice may be revoked by Borrowers the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

Notice of Voluntary Termination or Reduction. Borrowers Borrower shall notify Administrative Agent of any election to terminate or reduce the Revolving Credit Commitments or the Delayed Draw Term Loan Commitments under Section 2.8(b) by no later than 1:00 p.m.12:00 noon, New York City time, three (3) at least 3 Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by Borrowers Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Revolving Credit Commitments or Delayed Draw Term Loan Commitments delivered by Borrowers Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or occurrence of other transactions or eventsanother transaction, in which case such notice may be revoked by Borrowers Borrower (by notice to Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.