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 five Business Days notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, 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 Banks shall not be reduced to an amount which is less

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least five three Business Days Days’ notice to the AgentAgent by the Borrower, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the BanksLenders, 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 $10,000,000, and provided further, that the aggregate amount 5,000,000 or an integral multiple of the Commitments of the Banks shall not be reduced to an amount which is less$1,000,000 in excess thereof.

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

Optional Reduction of the Commitments. The Borrower shall have the rightBorrowers may, upon at least five three Business Days Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the BanksLenders without premium or penalty; provided, provided however, that each partial reduction shall be in the an aggregate amount of at least $10,000,000, and provided further, that the aggregate amount 5,000,000 or an integral multiple of the Commitments of the Banks shall not be reduced to an amount which is less$1,000,000 in excess thereof.

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least five Business Days notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, 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 Banks shall not be reduced to an amount which is lessless than the aggregate principal amount of the Advances then outstanding. Any such reduction or termination of the Commitments shall be permanent.

Optional Reduction of the Commitments. The Borrower shall have the rightBorrowers may, upon at least five three Business Days Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments of the BanksLenders without premium or penalty; provided, provided however, that each partial reduction shall be in the an aggregate amount of at least $10,000,000, and provided further, that the aggregate amount 10,000,000 or an integral multiple of the Commitments of the Banks shall not be reduced to an amount which is less$1,000,000 in excess thereof.

Optional Reduction of the Commitments. The Borrower shall have the right, upon at least five three Business Days Days’ notice to the AgentAgent by the Borrower, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the BanksLenders, 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 $10,000,000, and provided further, that the aggregate amount 25,000,000 or an integral multiple of the Commitments of the Banks shall not be reduced to an amount which is less$5,000,000 in excess thereof.