Common use of Optional Reduction or Cancellation of Commitments Clause in Contracts

Optional Reduction or Cancellation of Commitments. Borrower may, upon three (3) Business Days written notice to Agent (and, in the case of the LC Commitment, to Issuing Bank), permanently reduce the Total Commitment by the amount of $20,000,000 or integral multiples of $5,000,000 in excess thereof or cancel the Total Commitment in its entirety; provided, however, that: (i) Borrower may not reduce the Total Commitment if, after giving effect to such reduction, the Outstanding Facilities Credit would exceed the Total Commitment at such time as so reduced; and (ii) Borrower may not cancel the Total Commitment if, after giving effect to such cancellation, any Loan or Letter of Credit would remain outstanding.

Optional Reduction or Cancellation of Commitments. Borrower may, upon three (3) Business Days written notice to Agent (and, in the case of the LC Commitment, to Issuing Bank)Agent, permanently reduce the Total Commitment by the amount of $20,000,000 100,000 or integral multiples of $5,000,000 50,000 in excess thereof or cancel the Total Commitment in its entirety; provided, however, that: (i) Borrower may not reduce the Total Commitment if, after giving effect to such reduction, the Outstanding Facilities Credit aggregate principal amount of all Revolving Loans then outstanding would exceed the Total Commitment at such time as so reduced; and (ii) Borrower may not cancel the Total Commitment prior to the Maturity Date if, after giving effect to such cancellation, any Revolving Loan or Letter of Credit would remain outstanding.

Optional Reduction or Cancellation of Commitments. Borrower may, upon three (3) Business Days written notice to Administrative Agent (and, in the case of the LC Commitment, to Issuing Bank), permanently reduce the Total Commitment by the amount of $20,000,000 5,000,000 or integral multiples of $5,000,000 1,000,000 in excess thereof or cancel the Total Commitment in its entirety; provided, however, that: (i) Borrower may not reduce the Total Commitment if, after giving effect to such reduction, the Outstanding Facilities Credit would exceed the Total Commitment at such time as so reduced; and (ii) Borrower may not cancel the Total Commitment if, after giving effect to such cancellation, any Revolving Loan or Letter of Credit would remain outstanding.

Optional Reduction or Cancellation of Commitments. Borrower may, upon three (3) Business Days written notice to Agent (and, in the case of the LC Commitment, to Issuing Bank), permanently reduce the Total Commitment by the amount of $20,000,000 or integral multiples of $5,000,000 in in' excess thereof or cancel the Total Commitment in its entirety; provided, however, that: (i) Borrower may not reduce the Total Commitment if, after giving effect to such reduction, the Outstanding Facilities Credit would exceed the Total Commitment at such time as so reduced; and (ii) Borrower may not cancel the Total Commitment if, after giving effect to such cancellation, any Loan or Letter of Credit would remain outstanding.