Common use of Reduction of Revolving Credit Commitments Clause in Contracts

Reduction of Revolving Credit Commitments. The Total Revolving Credit Commitment shall terminate on the Revolving Loan Commitment Termination Date. The Borrowers may, without premium or penalty, reduce the Total Revolving Credit Commitment to an amount (which may be zero) not less than the sum of (A) the aggregate unpaid principal amount of all Revolving Loans then outstanding and (B) the aggregate principal amount of all Revolving Loans not yet made as to which a Notice of Borrowing has been given by the Parent under Section 2.02. Each such reduction shall be in a minimum amount of $500,000 or an integral multiple thereof, shall be made by providing not less than three Business Days’ prior written notice to the Administrative Agent and shall be irrevocable. Once reduced the Total Revolving Credit Commitment may not be increased. Each such reduction of the Total Revolving Credit Commitment shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share thereof.

Reduction of Revolving Credit Commitments. The Total Revolving Credit Commitment shall terminate on the Revolving Loan Commitment Termination Final Maturity Date. The Borrowers may, without premium or penalty, may reduce the Total Revolving Credit Commitment to an amount (which may be zero) not less than the sum of (A) the aggregate unpaid principal amount of all Revolving Loans then outstanding outstanding, and (B) the aggregate principal amount of all Revolving Loans not yet made as to which a Notice of Borrowing has been given by the Parent Administrative Borrower under Section 2.02. Each such reduction shall be (1) in a minimum an amount of $500,000 or which is an integral multiple thereofof $1,000,000 (or by the full amount of the Total Revolving Credit Commitment in effect immediately prior to such reduction if such amount at that time is less than $1,000,000), shall be (2) made by providing not less than three 5 Business Days’ ' prior written notice to the Administrative Agent Agent, (3) irrevocable and shall be irrevocable(4) accompanied by the payment of the Applicable Premium payable in connection with such reduction of the Total Revolving Credit Commitment. Once reduced reduced, the Total Revolving Credit Commitment may not be increasedincreased (other than pursuant to Section 2.12). Each such reduction of the Total Revolving Credit Commitment shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share thereof.

Reduction of Revolving Credit Commitments. The Total Revolving Credit Commitment shall terminate on the Revolving Loan Commitment Termination Final Maturity Date. The Borrowers may, without premium or penalty, reduce the Total Revolving Credit Commitment to an amount (which may be zero) not less than the sum of (A) the aggregate unpaid principal amount of all Revolving Loans then outstanding and (B) the aggregate principal amount of all Revolving Loans not yet made as to which a Notice of Borrowing has been given by the Parent Administrative Borrower under Section 2.022.03. Each such reduction shall be in a minimum an amount of $500,000 or which is an integral multiple thereof, of $1,000,000 (unless the Total Revolving Credit Commitment in effect immediately prior to such reduction is less than $1,000,000) and shall be made by providing not less than three (3) Business Days’ ' prior written notice to the Administrative Agent and shall be irrevocable. Once reduced the Total Revolving Credit Commitment may not be increased. Each such reduction (other than reductions pursuant to paragraph (c) of this Section 2.10) of the Total Revolving Credit Commitment shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share thereof.

Reduction of Revolving Credit Commitments. The Total Revolving Credit Commitment shall terminate on the Revolving Loan Commitment Termination Final Maturity Date. The Borrowers Borrower may, without premium or penalty, reduce the Total Revolving Credit Commitment to an amount (which may be zero) not less than the sum of (A) the aggregate unpaid principal amount of all Revolving Loans then outstanding and (B) the aggregate principal amount of all Revolving Loans not yet made as to which a Notice of Borrowing has been given by the Parent Borrower under Section 2.02. Each such reduction shall be in a minimum an amount of $500,000 or which is an integral multiple thereofof $1,000,000, (unless the Total Revolving Credit Commitment in effect immediately prior to such reduction is less than $1,000,000) shall be made by providing not less than three Business Days’ ' prior written notice to the Administrative Agent and shall be irrevocable. Once reduced the Total Revolving Credit Commitment may not be increased. Each such reduction of the Total Revolving Credit Commitment shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share thereof.