Common use of Reduction of Commitment Clause in Contracts

Reduction of Commitment. Upon at least three (3) Business Days' prior written notice to the Agent, the Borrower may irrevocably elect to have the unused Total Commitment terminated in whole or reduced in part provided, however, that any such partial reduction shall be in a minimum amount of $1,000,000.00, or whole multiples thereof. The Total Commitment, once terminated or reduced, shall not be reinstated without the express written approval of the Agent and the Banks. Any reduction to the Total Commitment shall be applied pro rata to the respective Commitments of each Bank.

Reduction of Commitment. (a) Upon at least three (3) Business Days' prior written notice to the Agent, the Borrower Xxxxxx may irrevocably elect to have the unused Total Commitment (Xxxxxx) terminated in whole or reduced in part provided, however, that any such partial reduction shall be in a minimum amount of $1,000,000.00, or whole multiples thereof. The Total Commitment, once terminated or reduced, shall not be reinstated without the express written approval of the Agent and the Banks. Any reduction to the Total Commitment (Xxxxxx) shall be applied pro rata to the respective Commitments of each Bank.

Reduction of Commitment. Upon at least three (3) Business Days' prior ’ written notice to the AgentLender, the Borrower may irrevocably elect to have the unused Total Commitment terminated in whole or reduced in part without penalty or premium provided, however, that any such partial reduction shall be in a minimum amount of $1,000,000.00, 250,000.00 or whole multiples thereofthereof and shall be allocated to each Lender based on its Commitment Percentage. The Total Commitment, once terminated or reduced, shall not be reinstated without the express written approval of the Agent and the Banks. Any reduction to the Total Commitment shall be applied pro rata to the respective Commitments of each BankLender.

Reduction of Commitment. Upon at least three (3) Business Days' prior ’ written notice to the Administrative Agent, the Borrower may irrevocably elect to have the unused Total Commitment terminated in whole or reduced in part without penalty or premium provided, however, that any such partial reduction shall be in a minimum amount of $1,000,000.00, 250,000.00 or whole multiples thereofthereof and shall be allocated to each Lender based on its Commitment Percentage. The Total Commitment, once terminated or reduced, shall not be reinstated without the express written approval of the Administrative Agent and the Banks. Any reduction to the Total Commitment shall be applied pro rata to the respective Commitments of each BankLender.

Reduction of Commitment. Upon at least three (3) Business Days' prior written notice to the AgentLender, the Borrower may irrevocably elect to have the unused Total Commitment terminated in whole or reduced in part without penalty or premium provided, however, that any such partial reduction shall be in a minimum amount of $1,000,000.00, 250,000.00 or whole multiples thereofthereof and shall be allocated to each Lender based on its Commitment Percentage. The Total Commitment, once terminated or reduced, shall not be reinstated without the express written approval of the Agent and the Banks. Any reduction to the Total Commitment shall be applied pro rata to the respective Commitments of each BankLender.

Reduction of Commitment. Upon at least three (3) Business Days' prior written notice to the Agent, the Borrower may irrevocably elect to have the unused Total Commitment terminated in whole or reduced in part provided, however, that any such partial reduction shall be in a minimum amount of $1,000,000.00500,000.00, or whole multiples thereof. The Total Commitment, once terminated or reduced, shall not be reinstated without the express written approval of the Agent and all of the Banks. Any reduction to the Total Commitment shall be applied pro rata to the respective Commitments of each BankLenders.

Reduction of Commitment. (a) Upon at least three (3) Business Days' prior written notice to the Agent, the Borrower may irrevocably elect to have the unused Total Commitment terminated in whole or reduced in part provided, however, that any such partial reduction shall be in a minimum amount of $1,000,000.00, or whole multiples thereof. The Total Commitment, once terminated or reduced, shall not be reinstated without the express written approval of the Agent and the Banks. Any reduction to the Total Commitment shall be applied pro rata to the respective Commitments of each Bank.