Reduction of the Commitment Amounts. The Borrower may, from time to time on any Business Day occurring after the Closing Date, voluntarily reduce the Revolving Loan Commitment Amount or the Letter of Credit Commitment Amount, on the Business Day so specified by the Borrower; provided, however, that all such reductions shall require at least one (1) Business Day’s prior notice to the Lender and be permanent, and any partial reduction of the Revolving Loan Commitment Amount shall be in a minimum amount of One Million Dollars ($1,000,000) and in an integral multiple of Five Hundred Thousand Dollars ($500,000).
Appears in 4 contracts
Samples: Borrower Copyright Security Agreement (Surebeam Corp), Borrower Copyright Security Agreement (Titan Corp), Borrower Copyright Security Agreement (Titan Corp)
