Common use of Reduction of Total Revolving Credit Commitment Clause in Contracts

Reduction of Total Revolving Credit Commitment. Subject to Section 6.10, the Borrower shall have the right at any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $1,000,000 or integral multiples of $250,000 in excess thereof, or terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Banks shall be reduced PRO RATA in accordance with their respective Revolving Credit Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks, in accordance with their Revolving Credit Commitment Percentages, the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Revolving Credit Commitments may be reinstated.

Reduction of Total Revolving Credit Commitment. Subject to Section 6.10, the Borrower The Borrowers shall have the right at any time and from time to time upon five (5) Business Days prior written notice to the Administrative Agent to reduce by $1,000,000 5,000,000 or an integral multiples multiple of $250,000 1,000,000 in excess thereof, thereof or to terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Banks Revolving Credit Lenders shall be reduced PRO RATA pro rata in accordance with their respective Revolving Credit Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower Borrowers delivered pursuant to this Section 2.3ss.2.4, the Administrative Agent will notify the Banks Revolving Credit Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower Borrowers shall pay to the Administrative Agent for the respective accounts of the Banks, in accordance with their Revolving Credit Commitment Percentages, Lenders the full amount of any commitment fee Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Revolving Credit Commitments may be reinstated.

Reduction of Total Revolving Credit Commitment. Subject to Section 6.10, the The Borrower shall have the right at any time and from time to time upon five (5) Business Days prior written notice to the Administrative Agent to reduce by $1,000,000 500,000 or an integral multiples multiple of $250,000 100,000 in excess thereof, thereof or terminate entirely the unborrowed portion of the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Banks shall be reduced PRO RATA pro rata in accordance with their respective Revolving Credit Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Administrative Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Banks, in accordance with their Revolving Credit Commitment Percentages, Banks the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Revolving Credit Commitments may be reinstated.

Reduction of Total Revolving Credit Commitment. Subject to Section 6.10, the Borrower The Borrowers shall have the right at any time and from time to time upon five (5) Business Days prior written notice to the Administrative Agent to reduce by $1,000,000 or an integral multiples multiple of $250,000 500,000 in excess thereof, thereof or to terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Banks Revolving Credit Lenders shall be reduced PRO RATA in accordance with their respective Revolving Credit Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower Borrowers delivered pursuant to this Section 2.32.4, the Administrative Agent will notify the Banks Revolving Credit Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower Borrowers shall pay to the Administrative Agent for the respective accounts of the Banks, in accordance with their Revolving Credit Commitment Percentages, Lenders the full amount of any commitment fee Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Revolving Credit Commitments may be reinstated.

Reduction of Total Revolving Credit Commitment. Subject to Section 6.10, the The Borrower shall have the right at any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $1,000,000 or an integral multiples of $250,000 in excess thereof, multiple thereof or terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Banks shall be reduced PRO RATA pro rata in accordance with their respective Revolving Credit Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks, in accordance with their Revolving Credit Commitment Percentages, Banks the full amount of any commitment fee Revolving Credit Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Revolving Credit Commitments may be reinstated.

Reduction of Total Revolving Credit Commitment. Subject to Section 6.10, the The Borrower shall ---------------------------------------------- have the right at any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $1,000,000 5,000,000 or an integral multiples of $250,000 in excess thereof, multiple thereof or terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Banks shall be reduced PRO RATA pro --- rata in accordance with their respective Revolving Credit Commitment Percentages of the amount ---- specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3(S)2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks, in accordance with their Revolving Credit Commitment Percentages, Banks the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Revolving Credit Commitments may be reinstated.