Common use of Optional Termination or Reduction Clause in Contracts

Optional Termination or Reduction. At any time and from time to time after the date hereof, upon not less than five Business Days’ prior written notice to the Administrative Agent, the Borrower may terminate in whole or reduce in part the aggregate Unutilized Dollar Revolving Commitments or the aggregate Unutilized Multicurrency Revolving Commitments; provided that any such partial reduction shall be in an aggregate Dollar Amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof. The amount of any termination or reduction made under this Section 2.5(b) may not thereafter be reinstated; provided that a notice of termination or reduction delivered by the Borrower under this Section 2.5(b) may state that such notice is conditioned upon the effectiveness or occurrence of any other event specified therein, in which case such notice may be revoked by the Borrower by written notice to the Administrative Agent on or before one Business Day before the specified effective date if such condition is not satisfied.

Optional Termination or Reduction. At any time and from time to time after the date hereofEffective Date, upon not less than five three Business Days’ prior written notice to the Administrative Agent, the Borrower may terminate in whole or reduce in part the aggregate Unutilized Dollar Revolving Commitments or the aggregate Unutilized Multicurrency Revolving Commitments; provided that any such partial reduction shall be in an aggregate Dollar Amount amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof. The amount of any termination or reduction made under this Section 2.5(b) may not thereafter be reinstated; provided that a notice of termination or reduction delivered by the Borrower under this Section 2.5(b) may state that such notice is conditioned upon the effectiveness or occurrence of any other event specified therein, in which case such notice may be revoked or extended by the Borrower by written notice to the Administrative Agent on or before one Business Day before the specified effective date if such condition is not satisfied.

Optional Termination or Reduction. At any time and from time to time after the date hereof, upon not less than five Business Days’ prior written notice to the Administrative Agent, the Parent Borrower may terminate in whole or reduce in part the aggregate Unutilized Dollar Revolving Commitments or the aggregate Unutilized Multicurrency Revolving Commitments; provided that any such partial reduction shall be in an aggregate Dollar Amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof. The amount of any termination or reduction made under this Section 2.5(b) may not thereafter be reinstated; provided that a notice of termination or reduction delivered by the Parent Borrower under this Section 2.5(b) may state that such notice is conditioned upon the effectiveness or occurrence of any other event specified therein, in which case such notice may be revoked by the Parent Borrower by written notice to the Administrative Agent on or before one Business Day before the specified effective date if such condition is not satisfied.

Optional Termination or Reduction. At any time and from time to time after the date hereof, upon not less than five Business Days’ prior written notice to the Administrative Agent, the Borrower may terminate in whole or reduce in part the aggregate Unutilized Dollar Revolving Commitments or the aggregate Unutilized Multicurrency Revolving Commitments; provided that any such partial reduction shall be in an aggregate Dollar Amount amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof. The amount of any termination or reduction made under this Section 2.5(b) may not thereafter be reinstated; provided that a notice of termination or reduction delivered by the Borrower under this Section 2.5(b) may state that such notice is conditioned upon the effectiveness or occurrence of any other event specified therein, in which case such notice may be revoked by the Borrower by written notice to the Administrative Agent on or before one Business Day before the specified effective date if such condition is not satisfied.