Common use of Reduction of Revolving Loan Commitments Clause in Contracts

Reduction of Revolving Loan Commitments. (a) The Borrower prior to the Maturity Date shall have the right in the manner set forth below to reduce (but not increase) the Revolving Loan Commitment. (b) The Borrower, if it desires to reduce the Revolving Loan Commitment, must (i) give thirty (30) Business Days’ notice to the Lender setting forth the amount which the Borrower desires to have as the Revolving Loan Commitment, which said amount may not be less than the principal amount then outstanding on the Revolving Loans, and (ii) pay to the Lender within said thirty (30) day period any Availability Fee due at the time of said reduction on that portion of the Revolving Loan Commitment which is being so reduced. Said reduction shall be effective at the end of said thirty Business Day period and upon the payment of said Availability Fee. (c) Any reduction must be in the minimum amount of $1,000,000 or a greater integral multiple of $500,000.

Reduction of Revolving Loan Commitments. (a) The Borrower prior to the Maturity Date shall have the right in the manner set forth below to reduce (but not increase) the Revolving Loan Commitment. (b) The Borrower, if it desires to reduce the Revolving Loan Commitment, must (i) give thirty (30) Business Days’ Day's notice to the Lender setting forth the amount which the Borrower desires to have as the Revolving Loan Commitment, which said amount may not be less than the principal amount then outstanding on the Revolving Loans, and (ii) pay to the Lender within said thirty (30) day period any Availability Fee due at the time of said reduction on that portion of the Revolving Loan Commitment which is being so reduced. Said reduction shall be effective at the end of said thirty Business Day period and upon the payment of said Availability Fee. (c) Any reduction must be in the minimum amount of $1,000,000 or a greater integral multiple of $500,000.

Reduction of Revolving Loan Commitments. (a) The Borrower prior to the Maturity Date shall have the right in the manner set forth below to reduce (but not increase) the Revolving Loan Commitment. (b) The Borrower, if it desires to reduce the Revolving Loan Commitment, must (i) give thirty (30) Business Days’ Day’s notice to the Lender setting forth the amount which the Borrower desires to have as the Revolving Loan Commitment, which said amount may not be less than the principal amount then outstanding on the Revolving Loans, and (ii) pay to the Lender within said thirty (30) day period any Availability Fee due at the time of said reduction on that portion of the Revolving Loan Commitment which is being so reduced. Said reduction shall be effective at the end of said thirty Business Day period and upon the payment of said Availability Fee. (c) Any reduction must be in the minimum amount of $1,000,000 or a greater integral multiple of $500,000.

Reduction of Revolving Loan Commitments. (a) The Borrower prior to the Maturity Date shall have the right in the manner set forth below to reduce (but not increase) or cancel entirely the Total Revolving Loan Commitment. (b) The Borrower, if it desires to reduce the Total Revolving Loan Commitment, must must (i) give thirty (30) five Business Days’ Day's notice to the Lender Lenders setting forth the amount which the Borrower desires to have as the Total Revolving Loan Commitment, which said amount may not be less than the total principal amount then outstanding on the Revolving Loans, and (ii) pay to the Lender Agent within said thirty (30) five day period any Availability Commitment Fee due at the time of said reduction on that portion of the Total Revolving Loan Commitment which is being so reduced. Said reduction shall be effective at the end of said thirty five (5) Business Day period and upon the payment of said Availability Commitment Fee. (c) Any reduction must be in the minimum amount of $1,000,000 or a greater integral multiple of $500,000.

Reduction of Revolving Loan Commitments. (a) The Borrower prior to the Maturity Date shall have the right in the manner set forth below to reduce (but not increase) the Revolving Loan Commitment. (b) The Borrower, if it desires to reduce the Revolving Loan Commitment, must (i) give thirty (30) Business Days’ Day's notice to the Lender setting forth the amount which the Borrower desires to have as the Revolving Loan Commitment, which said amount may not be less than the principal amount then outstanding on the Revolving Loans, and (ii) pay to the Lender within said thirty (30) day period any Availability Fee due at the time of said reduction on that portion of the Revolving Loan Commitment which is being so reduced. Said reduction shall be effective at the end of said thirty Business Day period and upon the payment of said Availability Fee. (c) Any reduction must be in the minimum amount of $1,000,000 500,000 or a greater integral multiple of $500,000.