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

Reduction or Termination of the Commitments. (a) ------------------------------------------- Optional. The Borrower shall have the right, upon at least three Business Days' -------- notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided -------- that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that the -------- ------- aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.

Reduction or Termination of the Commitments. (a) The ------------------------------------------- Optional. The Borrower shall have the right, upon at least three Business Days' -------- notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided -------- that each -------- partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that the aggregate -------- ------- aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.

Reduction or Termination of the Commitments. (a) ------------------------------------------- Optional. The Borrower shall have the right, upon at least three Business -------- Days' -------- notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided -------- that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further -------- ------- that the -------- ------- aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding.