Common use of Optional Termination and Reduction of Aggregate Maximum Credit Amount Clause in Contracts

Optional Termination and Reduction of Aggregate Maximum Credit Amount. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amount; provided that (A) each reduction of the Aggregate Maximum Credit Amount shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount if (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments or (2) the Aggregate Maximum Credit Amount would be less than $10,000,000 (unless with respect to this clause (2), the Aggregate Maximum Credit Amount is reduced to $0), and (C) upon any reduction of the Aggregate Maximum Credit Amount that would otherwise result in the Aggregate Maximum Credit Amount being less than the Aggregate Elected Commitment Amount, the Aggregate Elected Commitment Amount shall be automatically reduced (ratably among the Lenders in accordance with each Lender’s Applicable Percentage) so that they equal the Aggregate Maximum Credit Amount as so reduced.

Optional Termination and Reduction of Aggregate Maximum Credit Amount. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amount; provided that (A) each reduction of the Aggregate Maximum Credit Amount shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount if (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments or (2) the Aggregate Maximum Credit Amount would be less than $10,000,000 (unless with respect to this clause (2), the Aggregate Maximum Credit Amount is are reduced to $0), and (C) upon any reduction of the Aggregate Maximum Credit Amount that would otherwise result in the Aggregate Maximum Credit Amount being less than the Aggregate Elected Commitment Amount, the Aggregate Elected Commitment Amount shall be automatically reduced (ratably among the Lenders in accordance with each Lender’s Applicable Percentage) so that they equal the Aggregate Maximum Credit Amount as so reduced.

Optional Termination and Reduction of Aggregate Maximum Credit Amount. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amount; provided that (A) each reduction of the Aggregate Maximum Credit Amount shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount if if, (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c2.7(a), the total Revolving Credit Exposures Facility Usage would exceed the total Commitments or (2) the Aggregate Maximum Credit Amount would be less than $10,000,000 50,000,000 (unless unless, with respect to this clause (2), the Aggregate Maximum Credit Amount is reduced to $00.00), and (C) upon any reduction of the Aggregate Maximum Credit Amount that would otherwise result results in the Aggregate Maximum Credit Amount being less than the Aggregate Elected Commitment Amount, the Aggregate Elected Commitment Amount shall be automatically reduced (ratably among the Lenders in accordance with each Lender’s Applicable PercentageLenders) so that they equal it equals the Aggregate Maximum Credit Amount as so reduced.

Optional Termination and Reduction of Aggregate Maximum Credit Amount. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amount; provided that (A) each reduction of the Aggregate Maximum Credit Amount shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,0001,000,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount if (1) if, after giving effect to any concurrent prepayment of the Revolving Credit Loans in accordance with Section 3.04(c3.03(c)(i), the total Revolving Credit Exposures would exceed the total Revolving Commitments or (2) the Aggregate Maximum Credit Amount would be less than $10,000,000 (unless with respect to this clause (2), the Aggregate Maximum Credit Amount is reduced to $0), and (C) upon any reduction of the Aggregate Maximum Credit Amount that would otherwise result in the Aggregate Maximum Credit Amount being less than the sum of the Aggregate Elected Revolving Commitment AmountAmount and the Total Term Loan Exposures, the Aggregate Elected Revolving Commitment Amount shall be automatically reduced (ratably among the Revolving Credit Lenders in accordance with each Lender’s their respective Applicable PercentageRevolving Credit Percentages) so that they equal the Aggregate Maximum Credit Amount as so reducedreduced minus the total Term Loan Exposures. No reduction shall reduce the Swing Line Maximum Amount unless the Borrower so elects, provided that the Swing Line Maximum Amount shall at no time be greater than the Aggregate Maximum Credit Amount minus the total Term Loan Exposures.

Optional Termination and Reduction of Aggregate Maximum Credit Amount. (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amount; provided that (A) each reduction of the total Aggregate Maximum Credit Amount shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,00010,000,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amount if (1) if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments or (2) the Aggregate Maximum Credit Amount would be less than $10,000,000 (unless with respect to this clause (2), the Aggregate Maximum Credit Amount is reduced to $0), and (C) upon any reduction of the Aggregate Maximum Credit Amount that would otherwise result in the Aggregate Maximum Credit Amount being less than the Aggregate Elected Commitment Amount, the Aggregate Elected Commitment Amount shall be automatically reduced (ratably among the Lenders in accordance with each Lender’s Applicable PercentageLenders) so that they equal it equals the Aggregate Maximum Credit Amount as so reduced.