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

Optional Reduction or Termination of Commitments. (a) The Borrower may at any time terminate, or from time to time reduce, the Commitments (including the unused Letter of Credit Commitments of the XX Xxxxx); provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.11, the Total Outstanding Principal would exceed the Aggregate Commitments thereafter in effect. (b) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under Section 2.09(a) at least five Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. (c) Each reduction of the Commitments pursuant to this Section 2.09 shall be made ratably among the Lenders in accordance with their respective Commitments immediately preceding such reduction.

Optional Reduction or Termination of Commitments. (a) The Borrower may at any time terminatemay, upon notice to Agent, terminate the Aggregate Commitments, or from time to time reduce, permanently reduce the Commitments (including the unused Letter of Credit Commitments of the XX Xxxxx)Aggregate Commitments; provided that (i) each any such notice shall be received by Agent not later than 11:00 a.m., five Business Days prior to the date of termination or reduction, (ii) any such partial reduction of the Commitments shall be in an aggregate amount that is an integral of $1,000,000 or any whole multiple of $10,000,000 and 500,000 in excess thereof, (iiiii) the Borrower shall not terminate or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments and (iv) if, after giving effect to any concurrent prepayment reduction of the Loans Aggregate Commitments, the Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, the Letter of Credit Sublimit shall be automatically reduced by the amount of such excess. Agent will promptly notify Lenders of any such notice of termination or reduction of the Aggregate Commitments. Once reduced in accordance with Section 2.11this Section, the Total Outstanding Principal would exceed the Aggregate Commitments thereafter in effect. (b) The Borrower may not be increased. Any reduction of the Aggregate Commitments shall notify be applied to the Administrative Agent Commitment of each Lender according to its Pro Rata Share. All commitment fees accrued until the effective date of any election to terminate or reduce termination of the Aggregate Commitments under Section 2.09(a) at least five Business Days prior to shall be paid on the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanenttermination. (c) Each reduction of the Commitments pursuant to this Section 2.09 shall be made ratably among the Lenders in accordance with their respective Commitments immediately preceding such reduction.

Optional Reduction or Termination of Commitments. (a) The Borrower may at any time terminate, or from time to time reduce, the Commitments (including the unused Letter of Credit Commitments of the XX Xxxxx)Commitments; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.11, the Total Outstanding Principal would exceed the Aggregate Commitments thereafter in effect5,000,000. (b) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under Section 2.09(a) at least five Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. (c) Each reduction of the Commitments pursuant to this Section 2.09 shall be made ratably among the Lenders in accordance with their respective Commitments immediately preceding such reduction.

Optional Reduction or Termination of Commitments. (a) The Borrower may may, at any time terminate, or from time to time reduceupon notice to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments (including to an amount not less than the unused Letter then Outstanding Amount of Credit Commitments of the XX Xxxxx)all Loans and L/C Obligations; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 and (iia) the Borrower shall not terminate be obligated to pay any amount as a penalty in connection with any such reduction or reduce termination of the Commitments ifAggregate Commitments, after giving effect except as required by Section 3.05 due to any concurrent prepayment repayment of the Loans in accordance with Section 2.11arising from such reduction or termination, the Total Outstanding Principal would exceed the Aggregate Commitments thereafter in effect. (b) The Borrower any such notice shall notify be received by the Administrative Agent of any election to terminate or reduce the Commitments under Section 2.09(a) at least five not later than 11:00 a.m., New York time, three Business Days prior to the date of termination or reduction, and (c) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitments. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination termination. Unless otherwise agreed to by the Swingline Lender or reductionthe L/C Issuer, specifying such election as the case may be, any reduction in the Aggregate Commitments shall result in a proportionate reduction in the Swingline Commitment and the effective date thereofLetter of Credit Sublimit. Promptly following receipt The Commitment of any notice, a Lender may also be terminated under the Administrative Agent shall advise the Lenders provisions of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent10.15. (c) Each reduction of the Commitments pursuant to this Section 2.09 shall be made ratably among the Lenders in accordance with their respective Commitments immediately preceding such reduction.

Optional Reduction or Termination of Commitments. (a) The Borrower may at any time terminatemay, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or from time permanently reduce the Aggregate Commitments to time reduce, an amount not less than the Commitments (including the unused Letter then Outstanding Amount of Credit Commitments of the XX Xxxxx)all Loans and L/C Obligations; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 and (iia) the Borrower shall not terminate be obligated to pay any amount as a penalty in connection with any such reduction or reduce termination of the Commitments ifAggregate Commitments, after giving effect except as required by Section 3.05 due to any concurrent prepayment repayment of the Loans in accordance with Section 2.11arising from such reduction or termination, the Total Outstanding Principal would exceed the Aggregate Commitments thereafter in effect. (b) The Borrower any such notice shall notify be received by the Administrative Agent of any election to terminate or reduce the Commitments under Section 2.09(a) at least not later than 11:00 a.m., New York time, five Business Days prior to the date of termination or reduction, and (c) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitments. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination termination. Unless otherwise agreed to by the Swingline Lender or reductionthe L/C Issuer, specifying such election as the case may be, any reduction in the Aggregate Commitments shall result in a proportionate reduction in the Swingline Commitment and the effective date thereof. Promptly following receipt Letter of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanentCredit Sublimit. (c) Each reduction of the Commitments pursuant to this Section 2.09 shall be made ratably among the Lenders in accordance with their respective Commitments immediately preceding such reduction.

Optional Reduction or Termination of Commitments. (av) The Borrower may at any time terminate, or from time to time reduce, the Commitments (including the unused Letter of Credit Commitments of the XX Xxxxx); provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.11, the Total Outstanding Principal would exceed the Aggregate Commitments thereafter in effect. (bw) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under Section 2.09(a) at least five Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. (cx) Each reduction of the Commitments pursuant to this Section 2.09 shall be made ratably among the Lenders in accordance with their respective Commitments immediately preceding such reduction.