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

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. Borrowers may, at their option from time to time but not more than once in any 12 month period upon not less than 30 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, provided however, that (i) each such partial reduction shall be in an amount of $1,000,000 2,000,000 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 $20,000,000 10,000,000 during any 12 month period or $50,000,000 20,000,000 during the Term. Except for charges under subsection 3.2.5 applicable to prepayments of LIBOR Revolving PortionsPortions and except for charges payable under Section 2.6, 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 30 5 Business Days' ’ prior written notice to Administrative 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 a minimum amount of $1,000,000 or integral multiples of $1,000,000 in excess thereof and (ii) unless this Agreement and the Commitments hereunder have been terminated in accordance with subsection 4.2.2, the aggregate of all optional reductions to the Revolving Credit Loan Commitments may not exceed $20,000,000 10,000,000 during any 12 month period or $50,000,000 30,000,000 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.