Common use of Optional Reduction of Revolving Credit Committed Amount Clause in Contracts

Optional Reduction of Revolving Credit Committed Amount. The Borrower shall have the right to reduce permanently (each a “Revolving Credit Optional Reduction” and collectively the “Revolving Credit Optional Reductions”) the Revolving Credit Committed Amount in effect from time to time in the amount of any integral multiple of One Million Dollars ($1,000,000), upon at least ten (10) Business Days prior written notice to the Lender specifying the date and amount of such Revolving Credit Optional Reduction; provided, that no Revolving Credit Optional Reduction shall be permitted if, after giving effect thereto and to any Revolving Loan Optional Prepayment made on the effective date thereof, either (a) the then Revolver Usage exceeds the Revolving Credit Committed Amount as so reduced or (b) the Revolving Credit Committed Amount after such reduction would be less than Twenty-five Million Dollars ($25,000,000). Such notice shall be irrevocable as to the amount and date of such Revolving Credit Optional Reduction. After each such Revolving Credit Optional Reduction, the Revolving Credit Unused Line Fee provided for in Section 2.1.12 (Revolving Credit Unused Line Fee) and the Early Termination Fee provided for in Section 2.1.13 (Early Termination Fee) shall be calculated with respect to the Revolving Credit Committed Amount as so reduced.

Optional Reduction of Revolving Credit Committed Amount. The Borrower shall have the right to reduce permanently (each a “Revolving Credit Optional Reduction” and collectively the “Revolving Credit Optional Reductions”) the Revolving Credit Committed Amount in effect from time to time in the amount of any integral multiple of One Million Dollars ($1,000,000), upon at least ten thirty (1030) Business Days days prior written notice to the Lender specifying the date and amount of such Revolving Credit Optional Reduction; provided, that no Revolving Credit Optional Reduction shall be permitted if, after giving effect thereto and to any Revolving Loan Optional Prepayment made on the effective date thereof, either (a) the then Revolver Usage outstanding principal amount of the Revolving Loan and Outstanding Letter of Credit Obligations exceeds the Revolving Credit Committed Amount as so reduced or (b) the Revolving Credit Committed Amount after such reduction would be less than Twenty-five Million Dollars ($25,000,000)reduced. Such notice shall be irrevocable as to the amount and date of such Revolving Credit Optional Reduction. After each such Revolving Credit Optional Reduction, the Revolving Credit Unused Line Fee provided for in Section 2.1.12 (Revolving Credit Unused Line Fee) and the Early Termination Fee provided for in Section 2.1.13 (Early Termination Fee) 2.1.7 shall be calculated with respect to the Revolving Credit Committed Amount as so reduced.

Optional Reduction of Revolving Credit Committed Amount. The Borrower shall have the right to reduce permanently (each a “"Revolving Credit Optional Reduction” " and collectively the “"Revolving Credit Optional Reductions”") the Revolving Credit Committed Amount in effect from time to time in the amount of any integral multiple of One Million Dollars ($1,000,000), upon at least ten (10) Business Days prior written notice to the Lender specifying the date and amount of such Revolving Credit Optional Reduction; provided, that no Revolving Credit Optional Reduction shall be permitted if, after giving effect thereto and to any Revolving Loan Optional Prepayment made on the effective date thereof, either (a) the then Revolver Usage exceeds the Revolving Credit Committed Amount as so reduced or (b) the Revolving Credit Committed Amount after such reduction would be less than Twenty-five Ten Million Dollars ($25,000,00010,000,000). Such notice shall be irrevocable as to the amount and date of such Revolving Credit Optional Reduction. After each such Revolving Credit Optional Reduction, the Revolving Credit Unused Line Fee provided for in Section 2.1.12 2.1.11 (Revolving Credit Unused Line FeeFees) and the Early Termination Fee provided for in Section 2.1.13 2.1.12 (Early Termination Fee) shall be calculated with respect to the Revolving Credit Committed Amount as so reduced.

Optional Reduction of Revolving Credit Committed Amount. The Borrower shall have the right to reduce permanently (each a “Revolving Credit Optional Reduction” and collectively the “Revolving Credit Optional Reductions”) the Revolving Credit Committed Amount in effect from time to time in the amount of any integral multiple of One Million Dollars ($1,000,000), upon at least ten (10) Business Days prior written notice to the Lender specifying the date and amount of such Revolving Credit Optional Reduction; provided, that no Revolving Credit Optional Reduction shall be permitted if, after giving effect thereto and to any Revolving Loan Optional Prepayment made on the effective date thereof, either (a) the then Revolver Usage exceeds the Revolving Credit Committed Amount as so reduced or (b) the Revolving Credit Committed Amount after such reduction would be less than Twenty-five Fifteen Million Dollars ($25,000,00015,000,000). Such notice shall be irrevocable as to the amount and date of such Revolving Credit Optional Reduction. After each such Revolving Credit Optional Reduction, the Revolving Credit Unused Line Fee provided for in Section 2.1.12 (Revolving Credit Unused Line Fee) and the Early Termination Fee provided for in Section 2.1.13 (Early Termination Fee) shall be calculated with respect to the Revolving Credit Committed Amount as so reduced.