Optional Reductions of Revolving Loan Commitments. Borrowers may, at their option from time to time upon not less than 3 Business Days’ prior written notice to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments, provided, however, that (i) each such partial reduction shall be in an amount of $5,000,000 or integral multiples of $1,000,000 in excess thereof and (ii) unless the Agreement is terminated pursuant to subsection 4.2.2, the aggregate of all optional reductions to the Revolving Credit Commitments may not exceed $30,000,000 during the Term. Except for charges under subsection 3.2.5 applicable to prepayments of LIBOR Portions, such prepayments shall be without premium or penalty.
Optional Reductions of Revolving Loan Commitments. Borrowers may, at their option from time to time upon not less than three Business Days' prior written notice from Borrower Representative to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments; provided, however, that each such partial reduction shall be in an amount of $5,000,000 or integral multiples of $1,000,000 in excess thereof.
Optional Reductions of Revolving Loan Commitments. Borrowers may, at their option from time to time but not more than once in any 12 month period upon not less than 30 Business Days' prior written notice to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments, provided, however, that (i) each such partial reduction shall be in an amount of $1,000,000 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 $20,000,000 during any 12 month period or $50,000,000 during the Term. Except for charges under subsection 3.2.5 applicable to prepayments of LIBOR Revolving Portions, such prepayments shall be without premium or penalty.
Optional Reductions of Revolving Loan Commitments. Borrower may, at its option from time to time upon not less than 3 Business Days' prior written notice to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments, provided, however, that (i) each such partial reduction shall be in an amount of $5,000,000 or integral multiples of $1,000,000 in excess thereof and (ii) the aggregate of all optional reductions to the Revolving Loan Commitments may not exceed $25,000,000 during any 12 month period or $100,000,000 during the Term. Except for charges under Subsection 3.2.5 applicable to prepayments of LIBOR Advances, such prepayments shall be without premium or penalty, but Borrower shall repay the Loans (or provide cash collateral for the LC Amount) to the extent that the sum of the outstanding principal amount of the Revolving Credit Loans, the LC Amount and all unpaid LC Obligations exceeds the Revolving Loan Commitments as so reduced.
Optional Reductions of Revolving Loan Commitments. Borrower ------------------------------------------------- may, at its option from time to time upon not less than 3 Business Days' prior written notice to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments (and effect a permanent reduction of the Revolving Credit Maximum Amount and the Total Credit Facility by a corresponding amount); provided, however, that (i) each such partial reduction shall be in an amount of $2,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) the aggregate of all optional reductions to the Revolving Credit Commitments (and the Total Credit Facility) may not exceed $5,000,000 during any 12 month period or $10,000,000 during the Term. Except for charges under Section 2.3(ii) applicable to prepayments of LIBOR Portions and except for charges under Section 2.7 applicable to termination of the Revolving Loan Commitments, such prepayments shall be without premium or penalty.
Optional Reductions of Revolving Loan 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 Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments, provided, however, that (i) each such partial 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 Loan Commitments may not exceed $5,000,000 during any 12-month period or $10,000,000 during the Term. Except for charges under subsection 3.2.5 applicable to prepayments of LIBOR Revolving Portions and except for fees under Section 2.6 applicable to reduction or termination of the Revolving Loan Commitments, such reductions and terminations shall be without premium or penalty.
Optional Reductions of Revolving Loan Commitments. Borrower may, at its option from time to time upon not less than three (3) Business Days' prior written notice to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments, provided, however, that each such partial reduction shall be in an amount of $5,000,000 or integral multiples of $500,000 in excess thereof. Except for charges under subsection 3.2.5 applicable to prepayments of LIBOR Revolving Portions and except for charges under Section 2.6 applicable to a termination or reduction of the Revolving Loan Commitments, such reductions shall be without premium or penalty.
Optional Reductions of Revolving Loan Commitments. Borrowers may, at their option from time to time upon not less than 3 Business Days' prior written notice to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments or the U.K. Sublimit or the Canadian Sublimit; provided, however, that (i) each such partial reduction shall be in the amount of the Dollar Equivalent of $5,000,000 or integral multiples of the Dollar Equivalent of $1,000,000 in excess thereof and (ii) the aggregate of all optional reductions to the Revolving Credit Commitments may not exceed the Dollar Equivalent of $10,000,000 during any 12-month period during the Term or the Dollar Equivalent of $30,000,000 during the Term. Except for charges under subsection 3.2.5 applicable to prepayments of LIBOR Revolving Portions or Canadian BA Rate Loans, there shall be no prepayment penalty or termination charge payable in connection with any such reduction in Revolving Loan Commitments, U.K. Sublimit or Canadian Sublimit.
Optional Reductions of Revolving Loan Commitments. Borrowers may, at their option from time to time but not more than once in any 12 month period upon not less than 3 Business Days’ prior written notice to Administrative Agent, terminate in whole or permanently reduce in part, the unused portion of the Revolving Loan Commitments, provided, however, that (i) each such partial reduction shall be in an aggregate amount of Cdn. $2,000,000 or integral multiples of Cdn. $1,000,000 in excess thereof and (ii) the aggregate of all optional reductions to the Revolving Credit Maximum Amount may not exceed Cdn. $5,000,000 during any 12 month period or Cdn. $10,000,000 during the Term. Any such notice of reduction or termination by either Borrower shall be irrevocable unless all applicable Lenders otherwise agree in writing and no such applicable Lender shall have any obligations to make an applicable Revolving Credit Loan on or after the termination date stated in such notice.
Optional Reductions of Revolving Loan Commitments. Borrower may, at its option from time to time upon not less than 3 Business Days' prior written notice to Agent, terminate in whole or permanently reduce ratably in part, the unused portion of the Revolving Loan Commitments, provided, however, that each such partial reduction shall be in an amount of US$5,000,000 or integral multiples of US$1,000,000 in excess thereof. Except for charges under Subsection 3.2.5 applicable to prepayments of LIBOR Advances, such prepayments shall be without premium or penalty, but Borrower shall repay the Loans (or provide cash collateral for the LC Amount) to the extent that the sum of the outstanding principal amount of the Revolving Credit Loans, the LC Amount and all unpaid LC Obligations exceeds the Revolving Loan Commitments as so reduced.
