Common use of Permanent Reduction of Commitment Clause in Contracts

Permanent Reduction of Commitment. (a) At the Borrower's option, the Commitment may be permanently and irrevocably reduced in whole or in part by an amount of at least $5,000,000 and, to the extent in excess thereof, in integral multiples of $1,000,000 at any time, provided that (i) the Borrower gives the Agent written notice of the exercise of such option at least five (5) Business Days prior to the effective date thereof, (ii) the aggregate outstanding Credit Exposures do not exceed the Commitment as so reduced in any such case on the effective date of such reduction and (iii) the Borrower is not and, after giving effect to such reduction, would not be in violation of Section 2.07(c). Any such reduction shall concurrently reduce the Dollar amount of each Bank's Pro Rata Share of the Commitment.

Permanent Reduction of Commitment. (a) At the Borrower's option, option the Commitment may be permanently and irrevocably reduced in whole or in part by an amount of at least $5,000,000 and, 100,000 and to the extent in excess thereof, thereof in integral multiples of $1,000,000 50,000 at any time, ; provided that (i) the Borrower gives the Agent written notice of the exercise of such option at least five one (51) Business Days Day's prior to the effective date thereof, (ii) the aggregate outstanding Credit Exposures do balance of the Loans, if any, does not exceed the Commitment as so reduced in any such case on the effective date of such reduction and (iii) the Borrower is not andnot, and after giving effect to such reduction, would not be in violation of Section 2.07(c)SECTION 2.6.3. Any such reduction shall concurrently reduce the Dollar amount of each BankLender's Pro Rata Share of the Commitment.

Permanent Reduction of Commitment. (a) At the Borrower's option, option the Commitment may be permanently and irrevocably reduced in whole or in part by an amount of at least $5,000,000 and, 500,000 and to the extent in excess thereof, thereof in integral multiples of $1,000,000 100,000 at any time, ; provided that (i) the Borrower gives the Agent written notice of the exercise of such option at least five three (53) Business Days prior to the effective date thereof, (ii) the aggregate outstanding Credit Exposures do balance of the Loans, if any, does not exceed the Commitment , as so reduced in any such case on the effective date of such reduction and (iii) the Borrower is not andnot, and after giving effect to such reduction, would not be in violation of Section 2.07(c)2.6.3. Any such reduction shall concurrently reduce the Dollar amount of each BankLender's Pro Rata Share of the Commitment.

Permanent Reduction of Commitment. (a) At the Borrower's option, option the Commitment may be permanently and irrevocably reduced in whole or in part by an amount of at least $5,000,000 and, 100,000 and to the extent in excess thereof, thereof in integral multiples of $1,000,000 10,000 at any time, ; provided that (i) the Borrower gives the Agent written notice of the exercise of such option at least five three (53) Business Days prior to the effective date thereof, (ii) the aggregate outstanding balance of the Revolving Credit Exposures do Loans, if any, does not exceed the Commitment Commitment, as so reduced in any such case on the effective date of such reduction and (iii) the Borrower is not andnot, and after giving effect to such reduction, would not be in violation of Section 2.07(c)2.6.3. Any such reduction shall concurrently reduce the Dollar amount of each BankLender's Pro Rata Share of the Commitment.

Permanent Reduction of Commitment. (a) At the Borrower's option, the Commitment may be permanently and irrevocably reduced in whole or in part by an amount of at least $5,000,000 and, 500,000 and to the extent in excess thereof, thereof in integral multiples of $1,000,000 100,000 at any time, ; provided that (i) the Borrower gives the Agent written notice of the exercise of such option at least five three (53) Business Days prior to the effective date thereof, (ii) the aggregate outstanding balance of the Revolving Credit Exposures do Loans plus the aggregate outstanding amount of any Letters of Credit and any Undrawn Amounts, does not exceed the Commitment Commitment, as so reduced in any such case on the effective date of such reduction reduction, and (iii) the Borrower is not andnot, and after giving effect to such reduction, would not be in violation of Section 2.07(c)2.6.3. Any such reduction shall concurrently reduce the Dollar amount of each BankLender's Pro Rata Share of the Commitment.