Common use of Reduction or Termination of Maximum Aggregate Available Loan Amount Clause in Contracts

Reduction or Termination of Maximum Aggregate Available Loan Amount. At any time and from time to time, Borrower may elect to reduce the Maximum Aggregate Available Loan Amount by a minimum principal amount of $1,000,000 or an integral multiple thereof, and/or Borrower may elect to terminate the Maximum Aggregate Available Loan Amount (thereby terminating its right to request further advances of Loan hereunder), in each case upon written notice to Agent given by 12:00 noon, New York time, at least one (1) Business Day prior to the date of such reduction or termination; provided, however, that, without the prior consent of the Agent and each Lender, Borrower shall not be entitled to reinstate the Maximum Aggregate Available Loan Amount following such reduction or termination. Reductions of the Maximum Aggregate Avilable Loan Amount shall reduce, pro rata, the respective Commitments of Lenders.

Reduction or Termination of Maximum Aggregate Available Loan Amount. At any time and from time to time, Borrower may elect to reduce the Maximum Aggregate Available Loan Amount by a minimum principal amount of $1,000,000 or an integral multiple thereof, and/or Borrower may elect to terminate the Maximum Aggregate Available Loan Amount (thereby terminating its right to request further advances of Loan hereunder), in each case upon written notice to Agent Lender given by 12:00 noon2:00 p.m., New York time, at least one (1) Business Day prior to the date of such reduction or termination; provided, however, that, without the prior consent of the Agent and each Lender, Borrower shall not be entitled to reinstate the Maximum Aggregate Available Loan Amount following such reduction or termination. Reductions of the Maximum Aggregate Avilable Loan Amount shall reduce, pro rata, the respective Commitments of Lenders.