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

Reduction of Total Revolving Credit Commitment. 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 multiple of $500,000 in excess thereof or to terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the 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 Borrowers delivered pursuant to this §2.3, the Administrative Agent will notify the Lenders 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 Lenders 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. In addition, the Total Revolving Credit Commitment shall be reduced in accordance with §4.3.

Reduction of Total Revolving Credit Commitment. The Borrowers Borrower shall have the right at any time and from time to time upon five three (53) Business Days prior written notice to the Administrative Agent to reduce by $1,000,000 10,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof or to terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Lenders 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 Borrowers Borrower delivered pursuant to this §2.3ss.2.3, the Administrative Agent will notify the Lenders 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 Lenders Banks, in accordance with their Revolving Credit Commitment Percentages, 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. In addition, the Total Revolving Credit Commitment shall be reduced in accordance with §4.3.

Reduction of Total Revolving Credit Commitment. 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 $1,000,000 250,000 or an integral multiple of $500,000 in excess thereof or to terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Lenders in respect of Revolving Credit Loans 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 Borrowers delivered pursuant to this §Section 2.3, the Administrative Agent will notify the Lenders 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 Lenders the full amount of any Revolving Credit Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments in respect of Revolving Credit Commitments Loans may be reinstated. In addition, the Total Revolving Credit Commitment shall be reduced in accordance with §4.3Section 5.3.4.

Reduction of Total Revolving Credit Commitment. 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 $1,000,000 250,000 or an integral multiple of $500,000 in excess thereof or to terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Lenders in respect of Revolving Credit Loans 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 Borrowers delivered pursuant to this §2.3, the Administrative Agent will notify the Lenders 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 Lenders the full amount of any Revolving Credit Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments in respect of Revolving Credit Commitments Loans may be reinstated. In addition, the Total Revolving Credit Commitment shall be reduced in accordance with §4.34.3.4.

Reduction of Total Revolving Credit Commitment. 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 Agent, prepared and signed by a Responsible Officer of each Borrower, to reduce by $1,000,000 250,000 or an integral multiple of $500,000 in excess thereof or to terminate entirely the Total Revolving Credit Commitment, whereupon the Revolving Credit Commitments of the Lenders in respect of Revolving Credit Loans 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 Borrowers delivered pursuant to this §2.3, the Administrative Agent will notify the Lenders 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 Lenders the full amount of any Revolving Credit Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments in respect of Revolving Credit Commitments Loans may be reinstated. In addition, the Total Revolving Credit Commitment shall be reduced in accordance with §4.3.