Common use of Pro Rata Reduction of Commitments by Borrower Clause in Contracts

Pro Rata Reduction of Commitments by Borrower. Borrower may, upon --------------------------------------------- five Business Days' prior written notice (which notice shall be irrevocable) to Banks through Administrative Agent, reduce the Total Commitment on a pro rata basis among the Banks. Such a reduction shall be in an amount of at least $5,000,000 or multiple integrals of $1,000,000 in excess thereof. Borrower shall, on the effective date of each such reduction, repay to each Bank through Administrative Agent that portion of each Loan which exceeds the amount of each Bank's Commitment as reduced, together with accrued interest on the amount paid and accrued facility fees subject to such reduction. After the effective date of each reduction, the Banks' obligations under this Agreement shall be based on the reduced Commitments.

Pro Rata Reduction of Commitments by Borrower. Borrower may, upon 30 --------------------------------------------- five Business Daysdays' prior written notice (which notice shall be irrevocable) to Banks through Administrative Agent, reduce the Total Commitment on a pro rata basis among the Banks. Such a reduction shall be in an amount of at least $5,000,000 or integral multiple integrals of $1,000,000 in excess thereof5,000,000. Borrower shall, on the effective date of each such reduction, repay to each Bank through Administrative Agent that portion of each Loan which exceeds the amount of each Bank's Commitment as reduced, together with accrued interest on the amount paid and accrued facility fees subject to such reduction. After the effective date of each reduction, the Banks' obligations under this Agreement shall be based on the reduced Commitments.

Pro Rata Reduction of Commitments by Borrower. Borrower may, upon --------------------------------------------- five Business Days(5) days' prior written notice (which notice shall be irrevocable) to Banks through Administrative Agent, reduce the Total Commitment on a pro rata basis among the BanksBanks in an aggregate amount up to the amount by which the Total Commitment exceeds the Total Utilization of Commitments at the time of such proposed reduction. Such a reduction shall be in an amount of at least Five Million Dollars ($5,000,000 5,000,000) or multiple integrals of $1,000,000 in excess thereof. Borrower shall, on the effective date of each such reduction, repay to each Bank through Administrative Agent that portion of each Loan which exceeds the amount of each Bank's Commitment as reduced, together with accrued interest on the amount paid and accrued facility fees subject to such reduction. After the effective date of each such reduction, the Banks' obligations under this Agreement shall be based on the reduced Commitments.

Pro Rata Reduction of Commitments by Borrower. Borrower may, upon --------------------------------------------- five Business Days30 days' prior written notice (which notice shall be irrevocable) to Banks through Administrative Agent, reduce the Total Commitment on a pro rata basis among the Banks. Such a reduction shall be in an amount of at least $5,000,000 or integral multiple integrals of $1,000,000 in excess thereof5,000,000. Borrower shall, on the effective date of each such reduction, repay to each Bank through Administrative Agent that portion of each Loan which exceeds the amount of each Bank's Commitment as reduced, together with accrued interest on the amount paid and accrued facility fees subject to such reduction. After the effective date of each reduction, the Banks' obligations under this Agreement shall be based on the reduced Commitments.