Common use of Optional Termination or Reduction of Revolving Credit Commitments Clause in Contracts

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $5,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower Company shall have the right, upon not less than three five Business Days’ ' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total aggregate principal amount of the Revolving Extensions of Credit Loans then outstanding would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $5,000,000, 10,000,000 or a whole multiple of $1,000,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect.

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ ' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total sum of the Aggregate Outstanding Revolving Extensions of Credit of all Revolving Credit Lenders would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $5,000,0001,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

Optional Termination or Reduction of Revolving Credit Commitments. The Borrower Company shall have the right, upon not less than three five Business Days’ ' notice to the Administrative 33 28 Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total aggregate principal amount of the Revolving Extensions of Credit Loans then outstanding would exceed the Total Revolving Credit CommitmentsCommitments then in effect. Any such reduction shall be in an amount equal to $5,000,000, 10,000,000 or a whole multiple of $1,000,000 in excess thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect.