Common use of Optional Reduction or Termination of Commitment Clause in Contracts

Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 Business Days prior written or telephonic notice received by the Agent, reduce the Commitment, with any such reduction in a minimum amount of $500,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 Business Days prior written notice to the Agent, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks hereunder. All payment described in this Section is subject to the provisions of Section 2.6. Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated if Letters of Credit are outstanding

Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 Business Days prior written or telephonic notice received by the Agent, reduce the Commitment, with any such reduction in a minimum amount of $500,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 Business Days prior written notice to the Agent, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks hereunder. All payment described in this Section is subject to the provisions of Section 2.6. Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated if Letters of Credit are outstanding

Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 5 Business Days prior written or telephonic notice received by the AgentBank, reduce the Commitment, with any such reduction in a minimum amount of $500,000 1,000,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this SectionSection 4.4, the Borrower shall pay to the Agent for the account of the Banks Bank the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans Loan plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 five (5) Business Days prior written notice to the AgentBank, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks Bank the full amount of all the outstanding LoansLoan, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks Bank hereunder. All payment payments described in this Section is are subject to the provisions of Section 2.6. Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated terminated, if Letters of Credit are outstanding.

Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 three Business Days prior written or telephonic notice received by the AgentBank, reduce the Commitment, with any such reduction in a minimum amount of $500,000 100,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks Bank the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 three Business Days prior written notice to the AgentBank, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks Bank the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks Bank hereunder. All payment described in this Section is subject to the provisions of Section 2.6. Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated if Letters of Credit are outstanding

Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 5 Business Days prior written or telephonic notice received by the AgentBank, reduce the Commitment, with any such reduction in a minimum amount of $500,000 1,000,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this SectionSection 4.4, the ----------- Borrower shall pay to the Agent for the account of the Banks Bank the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans Loan plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 five (5) Business Days prior written notice to the AgentBank, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks Bank the full amount of all the outstanding LoansLoan, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks Bank hereunder. All payment payments described in this Section is are subject to the provisions of Section 2.6. ----------- Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated terminated, if Letters of Credit are outstanding.

Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 Business Days prior written or telephonic notice received by the Agent, reduce the Commitment, with any such reduction in a minimum amount of $500,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 Business Days prior written notice to the Agent, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks hereunder. All payment described in this Section is subject to the provisions of Section 2.6. Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated if Letters of Credit are outstanding.