Common use of Reduction of Total Commitment Clause in Contracts

Reduction of Total Commitment. The Borrowers shall have the right at any time and from time to time upon three (3) Business Days’ prior written notice to the Administrative Agent to reduce by at least $10,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers delivered pursuant to this Section 2.5(a), the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon three five (35) Business Days’ prior written notice to the Administrative Agent and each Interest Rate Hedge Provider to reduce by at least the minimum amount of $10,000,000 or 5,000,000 and integral multiples of $1,000,000 in excess thereof, thereafter or to terminate entirely, the unborrowed portion of entirely the Total Commitment, whereupon the Commitments of the Banks Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a)2.3, the Administrative Agent will notify the Banks Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks Lenders the full amount of any facility fee Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon three (3) Business Days’ prior written notice to the Administrative Agent to reduce by at least $10,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a), the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon three (3) Business Days’ ' prior written notice to the Administrative Agent to reduce by at least $10,000,000 1,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a)2.4, the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon three (3) Business Days’ prior written notice to the Administrative Agent to reduce by at least $10,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a), the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon three five (35) Business Days’ Days prior written notice to the Administrative Agent to reduce by at least $10,000,000 5,000,000 or an integral multiples multiple of $1,000,000 in excess thereof, thereof or to terminate entirely, entirely the unborrowed portion Total Commitment in excess of the Total CommitmentRevolving Exposure at such time, whereupon the Commitments of the Banks Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a)2.3, the Administrative Agent will notify the Banks Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks such Lenders the full amount of any facility fee Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right ----------------------------- at any time and from time to time upon three (3) Business Days’ ' prior written notice to the Administrative Agent to reduce by at least $10,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment -------- Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a)2.3, the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon three five (35) Business Days’ Days prior written notice to the Administrative Agent to reduce by at least $10,000,000 or an integral multiples of $1,000,000 in excess thereof, multiple thereof or to terminate entirely, entirely the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a)2.10, the Administrative Agent will notify the Banks Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks Lenders the full amount of any facility fee Facility Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon three (3) Business Days’ prior written notice to the Administrative Agent to reduce by at least $10,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a)2.5, the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers Borrower shall have the right at ----------------------------- any time and from time to time upon three (3) Business Days’ ' prior written notice to the Administrative Agent to reduce by at least $10,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment -------- Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers Borrower delivered pursuant to this Section 2.5(a)2.3, the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers Borrower shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrowers shall have the right at any time and from time to time upon three (3) Business Days’ prior written notice to the Administrative Agent to reduce by at least $10,000,000 or integral multiples of $1,000,000 in excess thereof, or to terminate entirely, the unborrowed portion of the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrowers delivered pursuant to this Section 2.5(a)2.3, the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrowers shall pay to the Administrative Agent for the respective accounts of the Banks the full amount of any facility fee Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.