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 5 Business Days' prior written notice to 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. Any termination of the Revolving Credit Commitments below the L/C Commitment or the Swing Line Commitment shall reduce the L/C Commitment and the Swing Line Commitment, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such reduction or 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 5 five (5) Business Days' Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by 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 the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Revolving Loans and Swing Loans. Any termination of the Revolving Credit Commitments below the L/C Commitment or Swing Line Sublimit then in effect shall reduce the Swing Line Commitment shall reduce the L/C Commitment and the Swing Line Commitment, as applicable, Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such reduction or 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 5 five (5) Business Days' Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by 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, 10,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Revolving Loans and Swing Loans. Any termination of the Revolving Credit Commitments below the L/C Commitment or Swing Line Sublimit then in effect shall reduce the Swing Line Commitment shall reduce the L/C Commitment and the Swing Line Commitment, as applicable, Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such reduction or termination of the Revolving Credit Commitments.