Common use of Optional Termination or Reduction of the Commitment Clause in Contracts

Optional Termination or Reduction of the Commitment. The Borrower may permanently reduce the Commitments in whole, or in part, ratably (except as provided in ‎Section 2.18) among the Lenders, in integral multiples of $3,000,000 or any whole multiple of $1,000,000 in excess thereof, by giving the Administrative Agent notice of such reduction not later than 11:00 a.m. (New York time) on any Business Day, which notice shall specify the amount of any such reduction and which notice may be conditioned upon the occurrence of one or more events specified therein.

Optional Termination or Reduction of the Commitment. The Borrower may permanently reduce the Commitments Aggregate Commitment in whole, or in part, part ratably (except as provided in ‎Section Section 2.18) among the Lenders, in integral multiples of $£3,000,000 or any whole multiple of $£1,000,000 in excess thereof, by giving the Administrative Agent notice of such reduction not later than 11:00 a.m. (New York time) on any XXXXX Business Day, which notice shall specify the amount of any such reduction and which notice may be conditioned upon the occurrence of one or more events specified therein.

Optional Termination or Reduction of the Commitment. The Borrower may permanently reduce the Lenders’ Commitments (at its option, as specified by the Borrower) in whole, or in part, part ratably (except as provided in ‎Section 2.18) among the Lenders, in integral multiples of $£3,000,000 or any whole multiple of $£1,000,000 in excess thereof, by giving the Administrative Agent notice of such reduction not later than 11:00 a.m. (New York time) on any Business Day, which notice shall specify the amount of any such reduction and which notice may be conditioned upon the occurrence of one or more events specified therein.

Optional Termination or Reduction of the Commitment. The Borrower may permanently reduce the Commitments Aggregate Commitment in whole, or in part, part ratably (except as provided in ‎Section 2.18) among the Lenders, in integral multiples of $£3,000,000 or any whole multiple of $£1,000,000 in excess thereof, by giving the Administrative Agent notice of such reduction not later than 11:00 a.m. (New York time) on any SXXXX Business Day, which notice shall specify the amount of any such reduction and which notice may be conditioned upon the occurrence of one or more events specified therein.

Optional Termination or Reduction of the Commitment. The Borrower may permanently reduce the Commitments Aggregate Commitment in whole, or in part, part ratably (except as provided in ‎Section Section 2.18) among the Lenders, in integral multiples of $£3,000,000 or any whole multiple of $£1,000,000 in excess thereof, by giving the Administrative Agent notice of such reduction not later than 11:00 a.m. (New York time) on any SXXXX Business Day, which notice shall specify the amount of any such reduction and which notice may be conditioned upon the occurrence of one or more events specified therein.