Common use of Reduction and Termination of the Commitments Clause in Contracts

Reduction and Termination of the Commitments. The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part the Unused Commitments of the Lenders; provided, however, that (i) each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such reduction shall result in a Borrowing Base Imbalance.

Reduction and Termination of the Commitments. The Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part the Unused unused portions of the respective Revolving Credit Commitments of the Lenders; provided, however, that (i) each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such reduction shall result in a Borrowing Base Imbalancethereof.

Reduction and Termination of the Commitments. The Borrower may, upon at least three (3) Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part the Unused unused portions of the respective Commitments of the Lenders; provided, however, that (i) each partial reduction shall be in the aggregate amount of not less than five million Dollars ($5,000,000 5,000,000) or an integral multiple of five million Dollars ($1,000,000 5,000,000) in excess thereof and (ii) no such reduction shall result in a Borrowing Base Imbalancethereof.

Reduction and Termination of the Commitments. The Borrower may, upon at least three (3) Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the Unused unused portions of the respective Commitments of the Lenders; provided, however, that (i) each partial reduction shall be in the aggregate amount of not less than five million Dollars ($5,000,000 5,000,000) or an integral multiple of one million Dollars ($1,000,000 1,000,000) in excess thereof thereof; and (ii) provided, further, no such reduction Tranche A Commitment may be reduced until all Tranche B Commitments shall result in a Borrowing Base Imbalancefirst have been reduced to zero.

Reduction and Termination of the Commitments. The Borrower may, upon at least three (3) Business Days' prior notice to the Administrative Agent, terminate in whole or reduce ratably in part ratably the Unused unused portions of the respective Commitments of the Lenders; provided, however, that (i) each partial reduction shall be in the aggregate amount of not less than five million Dollars ($5,000,000 5,000,000) or an integral multiple of five million Dollars ($1,000,000 5,000,000) in excess thereof and (ii) no such reduction shall result in a Borrowing Base Imbalancethereof.