Common use of Reduction or Termination of Commitments Clause in Contracts

Reduction or Termination of Commitments. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount not less than the then Dollar Equivalent Amount of the aggregate Outstanding Amount of all Loans and L/C Obligations; provided that (i) any such notice -------- shall be received by the Administrative Agent not later than 11:00 a.m., New York time, five Business Days prior to the date of termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility and utilization fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

Reduction or Termination of Commitments. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or permanently reduce the Aggregate Revolving Commitments to an amount not less than the then Dollar Equivalent Amount of the aggregate Outstanding Amount of all Revolving Loans and L/C Obligations; provided that (i) any such notice -------- shall be received by the Administrative Agent -------- not later than 11:00 a.m., New York time, a.m. five Business Days prior to the date of termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Revolving Commitments. Once reduced in accordance with this Section, the Aggregate Revolving Commitments may not be increased. Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to its Revolving Pro Rata Share. All facility and utilization commitment fees accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination.

Reduction or Termination of Commitments. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments Committed Sum to an amount not less than the then Dollar Equivalent sum of the Outstanding Amount of the aggregate Outstanding Amount of all Loans then existing (a) Revolver Principal Debt and (b) L/C Obligations; provided that (i) any such notice -------- shall be received by the Administrative Agent not later than 11:00 a.m.a.m. New York, New York time, five Business Days prior to the date of termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 500,000 or any whole multiple of $1,000,000 500,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitmentstermination. Once Except as set forth in Section 2.15, once reduced in accordance with this Section, the Aggregate Commitments Committed Sum may not be increased. Any reduction of the Aggregate Commitments Committed Sum shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility and utilization commitment fees on the portion of the Aggregate Committed Sum so terminated which have accrued until to the effective date of any termination of the Aggregate Commitments Committed Sum shall be paid on the effective date of such termination.

Reduction or Termination of Commitments. The Borrower Company may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount not less than the then Dollar Equivalent Amount Total Outstandings (it being understood that such termination or reduction may be conditioned upon the consummation of the aggregate Outstanding Amount of all Loans and L/C Obligationsreplacement financing); provided that (i) any such notice -------- shall be received by the Administrative Agent not later than 11:00 10:00 a.m., New York time, five two Business Days prior to the date of termination or reduction, reduction and (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 US$5,000,000 or any whole a higher integral multiple of $1,000,000 in excess thereofUS$1,000,000. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitments. Once reduced in accordance with this SectionSection 2.7, the Aggregate Commitments may not be increasedincreased (except pursuant to Section 2.17). Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility and utilization fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

Reduction or Termination of Commitments. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments Revolver Commitment to an amount not less than the then Dollar Equivalent sum of the Outstanding Amount of the aggregate Outstanding Amount of all Loans and then existing (a) Revolver Principal Debt, (b) L/C Obligations, and (c) Swing Line Loans; provided that (i) any such notice -------- shall be received by the Administrative Agent not later than 11:00 a.m.a.m. New York, New York time, five Business Days prior to the date of termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 500,000 or any whole multiple of $1,000,000 500,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitmentstermination. Once Except as set forth in Section 2.16, once reduced in accordance with this Section, the Aggregate Commitments Revolver Commitment may not be increased. Any reduction of the Aggregate Commitments Revolver Commitment shall be applied to the Commitment of each Revolver Lender according to its Pro Rata Share. All facility and utilization commitment fees on the portion of the Revolver Commitment so terminated which have accrued until to the effective date of any termination of the Aggregate Commitments Revolver Commitment shall be paid on the effective date of such termination.

Reduction or Termination of Commitments. The Borrower Borrowers, collectively and not individually, may, upon notice by Avnet to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount not less than the then Dollar Equivalent Amount of the aggregate Outstanding Amount of all Loans and L/C Obligations; provided that (i) any such notice -------- shall be received by the Administrative Agent not later than 11:00 8:00 a.m., New York San Francisco time, five Business Days prior to the date of termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 5,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall will promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased, whether pursuant to Section 2.14 or otherwise. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility and utilization fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

Reduction or Termination of Commitments. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount not less than the greater of (a) the then Dollar Equivalent Amount aggregate amount of the Letter of Credit Commitments and (b) the then aggregate Outstanding Amount of all Loans and L/C ObligationsAmount; provided that (i) any such notice -------- shall be received by the Administrative Agent not later than 11:00 a.m., New York time, five Business Days prior to the date of termination or reduction, and (ii) any such partial reduction shall be in an aggregate minimum amount of $10,000,000 5,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility and utilization commitment fees accrued until and unpaid as of the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.