Common use of Reduction of Commitment Clause in Contracts

Reduction of Commitment. The Borrower shall have the right, upon at least five (5) Business Days' notice to the Bank, to terminate in whole or reduce in part the unused portion of the Commitment, provided that each partial reduction shall be in the amount of not less than One Million and 00/100 Dollars ($1,000,000.00). The Commitment, once reduced or terminated, may not be reinstated.

Reduction of Commitment. The Borrower shall have the right, right at any time and from time to time upon at least five three (53) Business Days' Days prior written notice to the Bank, Bank to reduce by $100,000 or an integral multiple thereof or terminate in whole or reduce in part the unused portion of entirely the Commitment, provided that each partial reduction whereupon the Commitment shall be reduced in accordance with the amount specified in such notice or, as the case may be, terminated. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Bank the full amount of any commitment fee then accrued on the amount of not less than One Million and 00/100 Dollars ($1,000,000.00). The Commitment, once reduced or terminated, may not be reinstatedthe reduction.

Reduction of Commitment. The Borrower shall have the right, upon Upon at least five three (53) Business Days' notice written notice, the Borrower may irrevocably elect to have the Bank, to terminate unused Commitment terminated in whole or reduce reduced in part the unused portion of the Commitmentprovided, provided however, that each any such partial reduction shall be in the a minimum amount of not less than One Million and 00/100 Dollars Hundred Thousand ($1,000,000.00)100,000.00) Dollars, or whole multiples thereof. The Commitment, once reduced terminated or terminatedreduced, may shall not be reinstatedreinstated without the express written approval of the Bank.

Reduction of Commitment. The Borrower Borrowers shall have the right, ----------------------- upon at least five three (53) Business Days' written notice to the Bank, to terminate in whole or reduce in part the unused portion of the Commitment, provided that each partial reduction shall be in the amount of not less than One Million and 00/100 Hundred Thousand Dollars ($1,000,000.00100,000.00). The Commitment, once reduced or terminated, may not be reinstated, unless Bank written approval.