Optional Reduction of Revolving Commitment Amounts Sample Clauses
Optional Reduction of Revolving Commitment Amounts. The Borrowers may, from time to time on any Business Day occurring after the time of the initial Borrowing hereunder, voluntarily reduce the amount of the Revolving Commitment Amount to an amount not less than the outstanding amount of all Revolving Loans and all Letter of Credit Obligations; provided, however, that all such reductions shall require at least three Business Days' prior notice to the Administrative Agent and the Letter of Credit Issuer and be permanent, and any partial reduction of the Revolving Commitment Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $100,000. Any reduction of the Revolving Commitment shall be applied to the Revolving Commitment of each Revolver Lender according to its Revolver Percentage. All commitment fees accrued until the effective date of any reduction of the Revolving Commitments shall be paid on the effective date of such reduction
Optional Reduction of Revolving Commitment Amounts. The Borrower may, from time to time on any Business Day occurring after the Effective Date, voluntarily reduce the amount of the Revolving Commitment Amount on the Business Day so specified by the Borrower; provided, however, that all such reductions shall require at least three Business Days’ prior written notice to the Administrative Agent and be permanent, and any partial reduction of any Revolving Commitment Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $1,000,000 thereafter and provided further that in no event shall the Revolving Commitment Amount be reduced below the aggregate principal amount of all Revolving Loans of all Lenders then outstanding.