Common use of Reduction of Revolving Credit Commitments Clause in Contracts

Reduction of Revolving Credit Commitments. (a) The Revolving Credit Commitment shall be permanently reduced (i) by the amount of each payment made pursuant to Sections 2.11(b) applied to Revolving Loans to the extent directed by the Borrower Representative, and (ii) to zero Dollars ($0) on the Commitment Termination Date.

Reduction of Revolving Credit Commitments. (a) The Revolving Credit Commitment shall be permanently reduced (i) by the amount of each payment made pursuant to Sections Section 2.11(b) applied to Revolving Loans to the extent directed by the Borrower Representative, and (ii) to zero Dollars ($0) on the Commitment Termination Date.

Reduction of Revolving Credit Commitments. (a) The Borrowers may at any time terminate, or from time to time reduce, the Revolving Credit Commitment shall be permanently reduced Commitments; provided that (i) by each reduction of the Revolving Commitments shall be in an amount that is an integral multiple of each payment made pursuant to Sections 2.11(b) applied to Revolving Loans to the extent directed by the Borrower Representative$100,000 and not less than $500,000, and (ii) the Borrowers shall not terminate or reduce the Revolving Commitments if, after giving effect to zero Dollars ($0) on any concurrent prepayment of the Commitment Termination DateLoans in accordance with Section 4.3, Availability would be less than zero.