Common use of Optional Reduction of the Commitments Clause in Contracts

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' notice to the Agent by the Borrower, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least three five Business Days' Days notice to the Agent by the BorrowerAgent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the LendersBanks, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of at least $5,000,000 or 10,000,000, and provided further, that the aggregate amount of the Commitments of the Banks shall not be reduced to an integral multiple of $1,000,000 in excess thereof.amount which is less

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' ’ notice to the Agent by the Borrower, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.

Optional Reduction of the Commitments. The Borrower shall have the rightBorrowers may, upon at least three Business Days' notice to the Agent by the BorrowerAdministrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount portion of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and without premium or penalty; provided, furtherhowever, that each partial reduction shall be in the an aggregate amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof.

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least three five Business Days' Days notice to the Agent by the BorrowerAgent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the LendersBanks, provided that each partial reduction shall be in the aggregate amount of at least $10,000,000, and provided further, that the aggregate amount of the Commitments of the Lenders Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial . Any such reduction or termination of the Commitments shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereofpermanent.

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least three Business Days' ’ notice to the Agent by the Borrower, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and provided, further, that each partial reduction shall be in the aggregate amount of $5,000,000 25,000,000 or an integral multiple of $1,000,000 5,000,000 in excess thereof.

Optional Reduction of the Commitments. The Borrower shall have the rightBorrowers may, upon at least three Business Days' notice to the Agent by the BorrowerAdministrative Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that the aggregate amount portion of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the Advances then outstanding, and without premium or penalty; provided, furtherhowever, that each partial reduction shall be in the an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.