Common use of Optional Termination and Reduction of Commitments Clause in Contracts

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the aggregate Commitments; provided that (A) each reduction of the aggregate Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 2,000,000 and (B) the Borrower shall not terminate or reduce the aggregate Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(c)(i), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the aggregate Commitments; provided that (A) each reduction of the aggregate Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 1,000,000, and (B) the Borrower shall not terminate or reduce the aggregate Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(c), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the total Commitments; provided that (A) each reduction of the total Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 10,000,000 and (B) the Borrower shall not terminate or reduce the total Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(c), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 100,000 and not less than $1,000,000 and (B) the Borrower Borrowers shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(c), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the aggregate Commitments; provided that (A) each reduction of the aggregate Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 1,000,000, and (B) the Borrower shall not terminate or reduce the aggregate Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i)3.04, the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 500,000 and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments ifto the extent that, (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(a)(i), the total Revolving Credit Exposures would exceed the Loan Limit or (2) after giving effect to such termination or reduction, the total Commitments would be less than $50,000,000, except in connection with a termination of all of the Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 3.04(b)(i3.02(d), the total Revolving Credit Exposures would exceed the total lesser of the Borrowing Base then in effect and the Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 5,000,000 and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i), the total Revolving Credit Exposures would exceed the total Commitments10,000,000.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 500,000 and not less than $1,000,000 1,000,000, and (B) the Borrower shall not terminate or reduce the Commitments ifto the extent that, (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(a) (ii), the total Revolving Credit Exposures would exceed Availability or (2) after giving effect to such termination or reduction, the total CommitmentsCommitments would be less than $15,000,000.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the aggregate Commitments; provided that (A) each reduction of the aggregate Commitments shall be in an amount that is an integral multiple of $1,000,000 1.0 million and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i), the total Revolving Credit Exposures would exceed the total Commitments1.0 million.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 100,000 and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(c), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(a)(ii), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (A) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 500,000 and not less than $1,000,000 1,000,000, and (B) the Borrower shall not terminate or reduce the Commitments ifto the extent that, (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04(a)(ii), the total Revolving Credit Exposures would exceed Availability or (2) after giving effect to such termination or reduction, the total CommitmentsCommitments would be less than $15,000,000.

Optional Termination and Reduction of Commitments. (ia) The Subject to Section 2.11(b), the Borrower may at any time permanently terminate, or from time to time in part permanently reduce, the Commitments; provided that Total Commitment upon at least two Business Days prior written notice to the Administrative Agent (A) who shall promptly forward a copy thereof to each Lender). Such notice shall specify the date and the amount of the termination or reduction of the Commitments Total Commitment. Each such partial reduction of the Total Commitment shall be in an a minimum aggregate principal amount that is of $5,000,000 and in an integral multiple of $1,000,000 and not less than $1,000,000 and (B) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i), the total Revolving Credit Exposures would exceed the total Commitments1,000,000.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the aggregate Commitments; provided that (A) each reduction of the aggregate Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 2,000,000 and (B) the Borrower shall not terminate or reduce the aggregate Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b)(i3.04 (c)(i), the total Revolving Credit Exposures would exceed the total Commitments.

Optional Termination and Reduction of Commitments. (i) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (Aa) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 5,000,000 and not less than $1,000,000 10,000,000 and (Bb) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 3.04(b)(i3.04(a)(ii), the total Revolving Credit Exposures would exceed the total Commitments.