Common use of Reduction or Termination of the Commitment Clause in Contracts

Reduction or Termination of the Commitment. The Borrower may at any time or from time to time reduce or terminate the Commitment by giving written notice thereof no later than 2:00 p.m. (Houston time) not less than two (2) Business Days' prior to such reduction or termination. Any reduction in the Commitment shall be effective on the date specified in the Borrower's notice with respect to such reduction. The Commitment shall automatically terminate on the Maturity Date or in the event of acceleration of the Maturity Date of the Note. Each reduction of the Commitment hereunder shall be irrevocable.

Reduction or Termination of the Commitment. The Borrower may at any time or from time to time reduce or terminate the Commitment by giving written notice thereof no later than 2:00 p.m. (Houston Central time) not less than two (2) Business Days' ’ prior to such reduction or termination. Any reduction in the Commitment shall be effective on the date specified in the Borrower's ’s notice with respect to such reduction. The Commitment shall automatically terminate on the earlier of (i) the Maturity Date or (ii) in the event of acceleration of the Maturity Date of the Note. Each reduction of the Commitment hereunder shall be irrevocable.

Reduction or Termination of the Commitment. The Borrower Borrowers may at any time or from time to time reduce or terminate the Commitment by giving written notice thereof no later than 2:00 p.m. (Houston Central time) not less than two (2) Business Days' prior to such reduction or termination. Any reduction in the Commitment shall be effective on the date specified in the Borrower's Borrowers' notice with respect to such reduction. The Commitment shall automatically terminate on the Maturity Date or in the event of acceleration of the Maturity Date of the Note. Each reduction of the Commitment hereunder shall be irrevocable.