Reduction of Commitment Amounts. The Commitment Amounts are subject to reduction from time to time pursuant to this Section 2.2.
Reduction of Commitment Amounts. (a) The Borrower shall have the right, upon at least two Business Days’ notice to the Administrative Agent, to ratably reduce the respective Commitment Amounts of the Lenders in accordance with their Pro Rata Shares; provided that the Aggregate Commitment Amount may not be reduced to an amount that is less than the Outstanding Credit Extensions; and provided, further, that each partial reduction of the Commitment Amounts shall be in the aggregate amount of $10,000,000 or an integral multiple thereof. Any reduction of the Commitment Amounts pursuant to this Section 2.04 shall be permanent, except as expressly provided otherwise herein.
Reduction of Commitment Amounts. 43 2.2.1. Optional..................................................43 2.2.2. Mandatory.................................................44 2.3. Borrowing Procedures and Funding Maintenance..............44 2.3.1. Term Loans and Revolving Loans............................44 2.3.2. Swing Line Loans..........................................45 2.4. Continuation and Conversion Elections.....................47 2.5. Funding...................................................48 2.6. Issuance Procedures.......................................48 2.6.1. Other Lenders' Participation..............................49 2.6.2. Disbursements; Conversion to Revolving Loans..............49 2.6.3. Reimbursement.............................................50 2.6.4. Deemed Disbursements......................................51 2.6.5. Nature of Reimbursement Obligations.......................51 2.7. Notes.....................................................52 ARTICLE III
Reduction of Commitment Amounts. The Commitment Amount, the Letter of Credit Commitment Amount and the Loan Commitment Amount are subject to reduction from time to time pursuant to this Section 2.2.
Reduction of Commitment Amounts. (a) The Borrower may, from time to time on any Business Day occurring after the time of the Closing Date, voluntarily reduce the amount of the Revolving Loan Commitment Amount or the Letter of Credit Commitment Amount; provided, however, that all such reductions (i) shall be permanent and (ii) to the extent such reduction in the Commitment Amount requires a mandatory prepayment of Revolving Loans pursuant to clause (f) of Section 3.1.1 (x) in the case of prepayments of Base Rate Loans, shall require at least one Business Day's prior notice to the Administrative Agent, and any partial reduction of any Commitment Amount shall be in a minimum amount of $500,000 and in an integral multiple of $100,000 or (y) in the case of prepayments of LIBO Rate Loans, shall require at least three Business Days' prior notice to the Administrative Agent, and any partial reduction of any Commitment Amount shall be in a minimum amount of $500,000 and in an integral multiple of $100,000. Any reduction of the Revolving Loan Commitment Amount which reduces the Revolving Loan Commitment Amount below (i) the Swing Line Loan Commitment Amount or (ii) the Letter of Credit Commitment Amount shall result in an automatic and corresponding reduction of the Swing Line Loan Commitment Amount and/or the Letter of Credit Commitment Amount (as directed by the Borrower in a notice to the Administrative Agent delivered together with the notice of voluntary reduction in the Revolving Loan Commitment Amount) to an aggregate amount not in excess of the Revolving Loan Commitment Amount, as so reduced, without any further action on the part of the Swing Line Lender or the Issuer.
Reduction of Commitment Amounts. 26 SECTION 2.3. Borrowing Procedure..................................27 SECTION 2.4. Continuation and Conversion Elections................27 SECTION 2.5. Funding..............................................28 SECTION 2.6. Notes................................................28
Reduction of Commitment Amounts. The Revolving Credit Commitment Amounts are subject to reduction from time to time pursuant to this Section 2.2.
Reduction of Commitment Amounts. The Borrower may, from time to time on any Business Day, voluntarily reduce the amount of either Commitment Amount; provided, however, that all such reductions shall require at least three Business Days' prior notice to the Agent and be permanent and any reduction to either Commitment Amount shall immediately and without any action required on the part of any Person irrevocably cause a corresponding Dollar for Dollar reduction in the other Commitment Amount.
Reduction of Commitment Amounts. 20 2.2.1 Optional...................................................................... 20 2.3
Reduction of Commitment Amounts. 25 2.2.1. Optional....................................................................... 25 2.2.2. Mandatory...................................................................... 25 2.2.3. Special Letter of Credit Provisions............................................ 26 2.3.
