Common use of Optional Revolving Credit Terminations Clause in Contracts

Optional Revolving Credit Terminations. The Borrower shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that (x) the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Swingline Loans, Revolving Loans and L/C Obligations then outstanding and (y) any partial termination of the Revolving Credit Commitments shall not reduce the aggregate Revolving Credit Commitments to less than $100,000,000. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swingline Sublimit then in effect shall reduce the L/C Sublimit or Swingline Sublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Optional Revolving Credit Terminations. The Borrower Borrowers shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 U.S.$10,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that (x) the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount Original Dollar Amount of Swingline Loans, Revolving Loans and Swing Loans and the U.S. Dollar Equivalent of all L/C Obligations then outstanding and (y) any partial termination of the Revolving Credit Commitments shall not reduce the aggregate Revolving Credit Commitments to less than $100,000,000outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swingline the Swing Line Sublimit then in effect shall reduce the L/C Sublimit or Swingline and Swing Line Sublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Optional Revolving Credit Terminations. The Borrower shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 1,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that (x) the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Swingline Loans, Revolving Loans and L/C Obligations then outstanding and (y) any partial termination of the Revolving Credit Commitments shall not reduce the aggregate Revolving Credit Commitments to less than $100,000,00020,000,000. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swingline Sublimit then in effect shall reduce the L/C Sublimit or Swingline Sublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Optional Revolving Credit Terminations. The Borrower shall have the right at any time and from time to time, upon five (5) Business Days Days’ prior written notice to the Administrative Agent (or such shorter time period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 1,000,000 or a whole multiple thereof, and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that (x) the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Swingline all Revolving Loans, Revolving Loans Swing Loans, and L/C Obligations then outstanding and (y) any partial termination of the Revolving Credit Commitments shall not reduce the aggregate Revolving Credit Commitments to less than $100,000,000outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swingline Swing Line Sublimit then in effect shall reduce the L/C Sublimit or Swingline and Swing Line Sublimit, as applicable, by a like amountto an amount equal to the Revolving Credit Commitments. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Optional Revolving Credit Terminations. The Borrower shall have the right at any time and from time to time, upon five (5) 5 Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 or an integral multiple of $5,000,000 in excess thereof and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that (x) the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Swingline Revolving Loans, Revolving Loans Swing Loans, and L/C Obligations then outstanding and (y) any partial outstanding. Any termination of the Revolving Credit Commitments shall not reduce the L/C Sublimit by a percentage amount equal to the percentage reduction in the aggregate Revolving Credit Commitments to less than $100,000,000Commitments. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swingline Swing Line Sublimit then in effect shall reduce the L/C Swing Line Sublimit or Swingline Sublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Optional Revolving Credit Terminations. The Borrower shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 or, if greater, a whole multiple thereof, and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that (x) the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Swingline Revolving Loans, Revolving Loans Swing Loans, and L/C Obligations then outstanding and (y) any partial termination of the Revolving Credit Commitments shall not reduce the aggregate Revolving Credit Commitments to less than $100,000,000outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swingline Swing Line Sublimit then in effect shall reduce the L/C Sublimit or Swingline and Swing Line Sublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Optional Revolving Credit Terminations. The Borrower Borrowers shall have the right at any time and from time to time, upon five (5) 5 Business Days prior written notice given by the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that (x) the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Swingline Revolving Loans, Revolving Loans Swing Loans, and all L/C Obligations then outstanding and (y) any partial termination of the Revolving Credit Commitments shall not reduce the aggregate Revolving Credit Commitments to less than $100,000,000outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swingline Swing Line Sublimit then in effect shall reduce the L/C Sublimit or Swingline and Swing Line Sublimit, as applicable, by a like amountto an amount equal to the reduced aggregate amount of the Revolving Credit Commitments. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.