Common use of Optional Reductions of Revolving Credit Commitments Clause in Contracts

Optional Reductions of Revolving Credit Commitments. Borrowers may, at their option from time to time but not more than once in any 12-month period upon not less than three (3) Business Days’ prior written notice to Administrative Agent, permanently reduce ratably in part, the unused portion of the Revolving Credit Commitments, provided, however, that (i) each such optional reduction shall be in an amount of $2,000,000 or integral multiples of $1,000,000 in excess thereof and (ii) the aggregate of all optional reductions to the Revolving Credit Commitments may not exceed $5,000,000 during the Term. Except for charges under subsection 4.1.9, such prepayments shall be without premium or penalty.

Optional Reductions of Revolving Credit Commitments. Borrowers may, at their option from time to time but not more than once in any 12-month period upon not less than three (3) 3 Business Days’ ' prior written notice to Administrative Agent, permanently reduce ratably in part, the unused portion of the Revolving Credit Commitments, provided, however, that (i) each such optional partial reduction shall be in an amount of $2,000,000 500,000 or integral multiples of $1,000,000 250,000 in excess thereof thereof, and (ii) the aggregate of all optional reductions to the Revolving Credit Commitments may not exceed $5,000,000 100,000,000 during the Term, except that the Revolving Credit Commitments may be terminated in whole. Except for charges the prepayment fee payable under subsection 4.1.92.6.1, such prepayments reductions of the Revolving Credit Commitment shall be without premium or penalty.