Common use of Reductions in Aggregate Commitments Clause in Contracts

Reductions in Aggregate Commitments. The Borrower shall have the right, upon same day written notice to the Administrative Agent delivered prior to 11:00 a.m. (New York time) on any Business Day, to terminate in whole or reduce in part the unused portions of the Tranche A-1 Commitments and/or the Tranche A-2 Commitments of the applicable Lenders at the election of the Borrower. Each partial reduction of the Commitments shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and, once terminated, a Commitment may not be reinstated. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments under this Section 2.05(c). Each voluntary reduction of the Commitments pursuant to this Section 2.05(c) will be applied to the applicable Tranche at the direction of the Borrower and will be applied to the outstanding Commitments of each Lender under the applicable Tranche in accordance with such Lender’s Pro Rata Share. All fees in respect of the Commitments accrued until the effective date of any termination of the Commitments shall be paid on the effective date of such termination.

Reductions in Aggregate Commitments. The Borrower shall have the right, upon same day written notice to the Administrative Agent delivered prior to 11:00 a.m. (New York time) on any Business Day, to terminate in whole or reduce in part the unused portions of the Tranche A-1 Commitments and/or the Tranche A-2 Commitments of the applicable Lenders at the election of the Borrower. Each partial reduction of the Commitments shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and, once terminated, a Commitment may not be reinstated. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments under this Section 2.05(c). Each voluntary reduction of the Commitments pursuant to this Section 2.05(c) will be applied to the applicable any Tranche at the direction of the Borrower and will be applied to the outstanding Commitments of each Lender under the applicable Tranche in accordance with such Lender’s Pro Rata Share. All fees in respect of the Commitments accrued until the effective date of any termination of the Commitments shall be paid on the effective date of such termination.

Reductions in Aggregate Commitments. The Borrower shall have the right, upon same day written notice to the Administrative Agent delivered prior to 11:00 a.m. (New York time) on any Business Day, to terminate in whole or reduce in part the unused portions of the Tranche A-1 Commitments and/or the Tranche A-2 Commitments of the applicable Lenders at the election of the Borrower. Each partial reduction of the Commitments shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and, once terminated, a Commitment may not be reinstated. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments under this Section 2.05(c2.05(d). Each voluntary reduction of the Commitments pursuant to this Section 2.05(c2.05(d) will be applied to the applicable any Tranche at the direction of the Borrower and will be applied to the outstanding Commitments of each Lender under the applicable Tranche in accordance with such Lender’s Pro Rata Share. All fees in respect of the Commitments accrued until the effective date of any termination of the Commitments shall be paid on the effective date of such termination.