Common use of Revolving Credit Commitment Terminations Clause in Contracts

Revolving Credit Commitment Terminations. (a) The Company shall have the right at any time and from time to time, upon three (3) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 and in integral multiples of $1,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount of Revolving Loans, Swing Loans, and L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit, Swing Line Sublimit or other sublimit applicable to a particular Borrower as provided in Section 1.1 hereof then in effect shall reduce the L/C Sublimit, Swing Line Sublimit or such other sublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Revolving Credit Commitment Terminations. (a) The Company Borrower shall have the right at any time and from time to time, upon three five (35) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 and in integral multiples of $1,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount of Revolving Loans, Swing Loans, and L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit, Sublimit or Swing Line Sublimit or other sublimit applicable to a particular Borrower as provided in Section 1.1 hereof then in effect shall reduce the L/C Sublimit, Sublimit and Swing Line Sublimit or such other sublimitSublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

Revolving Credit Commitment Terminations. (a) The Company Borrower shall have the right at any time and from time to time, upon three (3) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000 and in integral multiples of $1,000,000 500,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, as the case may be, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount aggregate principal amount of Revolving Swingline Loans, Swing Revolving Loans, and L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit, Swing Line Sublimit or other sublimit applicable to a particular Borrower as provided in Section 1.1 hereof the Swingline Sublimit then in effect shall reduce the L/C Sublimit and Swingline Sublimit, Swing Line Sublimit or such other sublimit, as applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section may not be reinstated.