Common use of Reduction or Termination of Revolving Loan Commitment Clause in Contracts

Reduction or Termination of Revolving Loan Commitment. (a) The Company may, upon seven Business Days' prior written notice to the Agent, permanently reduce the amount of the total Revolving Loan Commitment; provided that (i) no such reduction shall reduce the amount of the total Revolving Loan Commitment to an amount less than the sum of the aggregate unpaid principal balances of the Revolving Notes on the date of such reduction and (ii) upon any termination of the Revolving Loan Commitments the Company shall pay to the Agent, for the account of the Lenders, the outstanding principal balance of the Revolving Notes, all accrued interest on the Revolving Notes and all fees, expenses and other amounts payable under this Agreement relating to the Revolving Loans as of the termination date. Each reduction in the total Revolving Loan Commitment shall be in a minimum amount of $1,000,000. Each reduction in the total Revolving Loan Commitment shall ratably reduce each Lender's Revolving Loan Commitment.

Reduction or Termination of Revolving Loan Commitment. (a) The Company may, upon seven three Business Days' prior written notice to the Agent, permanently reduce the amount of the total Revolving Loan Commitment; provided that (i) no such reduction shall reduce the amount of the total Revolving Loan Commitment to an amount less than the sum of the aggregate unpaid principal balances of the Revolving Notes on the date of such reduction plus the aggregate outstanding principal amount of Commercial Paper on such date, (ii) the Revolving Loan Commitments may not be terminated by the Company unless there is no Commercial Paper outstanding and (iiiii) upon any termination of the Revolving Loan Commitments the Company shall pay to the Agent, for the account of the Lenders, the outstanding principal balance of the Revolving NotesLoans, all accrued interest on the Revolving Notes and all fees, expenses and other amounts payable under this Agreement relating to the Revolving Loans as of the termination date. Each reduction in the total Revolving Loan Commitment shall be in a minimum amount of $1,000,0005,000,000 and in integral multiples of $1,000,000 above such minimum. Each reduction in the total Revolving Loan Commitment shall ratably reduce each Lender's Revolving Loan Commitment.

Reduction or Termination of Revolving Loan Commitment. (a) The Company may, upon seven Business Days' prior written notice to the Agent, permanently reduce the amount of the total Revolving Loan Commitment; provided that (i) no such reduction shall reduce the amount of the total Revolving Loan Commitment to an amount less than the sum of the aggregate unpaid principal balances of the Revolving Notes on the date of such reduction and (ii) upon any termination of the Revolving Loan Commitments the Company shall pay to the Agent, for the account of the Lenders, the outstanding principal balance of the Revolving Notes, all accrued interest on the Revolving Notes and all fees, expenses and other amounts payable under this Agreement relating to the Revolving Loans as of the termination date. Each reduction in the total Revolving Loan Commitment shall be in a minimum amount of $1,000,000. Each reduction in the total Revolving Loan Commitment shall ratably reduce each Lender's Revolving Loan Commitment.

Reduction or Termination of Revolving Loan Commitment. (a) The Company may, upon seven Business Days' ’ prior written notice to the Agent, permanently reduce the amount of the total Revolving Loan Commitment; provided that (i) no such reduction shall reduce the amount of the total Revolving Loan Commitment to an amount less than the sum of the aggregate unpaid principal balances of the Revolving Notes on the date of such reduction and (ii) upon any termination of the Revolving Loan Commitments the Company shall pay to the Agent, for the account of the Lenders, the outstanding principal balance of the Revolving Notes, all accrued interest on the Revolving Notes and all fees, expenses and other amounts payable under this Agreement relating to the Revolving Loans as of the termination date. Each reduction in the total Revolving Loan Commitment shall be in a minimum amount of $1,000,000. Each reduction in the total Revolving Loan Commitment shall ratably reduce each Lender's ’s Revolving Loan Commitment.