Common use of Termination and Reduction of Commitment Clause in Contracts

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Maturity Date. (b) The Borrower may at any time terminate, or from time to time reduce, the Commitment; provided that (i) each reduction of the Commitment shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitment if the then-current LC Exposure or any of the sublimits set forth in Section 2.01 would exceed the Commitment. (c) The Borrower shall notify the Bank of any election to terminate or reduce the Commitment under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable. Any termination or reduction of the Commitment shall be permanent.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment The Commitments shall automatically terminate on the Final Maturity Date. (b) The Borrower may at any time terminate, or from time to time reduce, the CommitmentCommitments; provided that that, (i) each reduction of the Commitment Commitments shall be in an amount that is an integral multiple of $1,000,000 1.0 million and not less than $5,000,000 2.0 million and (ii) the Borrower Commitments shall not terminate be terminated or reduce the Commitment if the then-current LC Exposure or reduced if, after giving effect to any concurrent prepayment of the sublimits set forth Loans in accordance with Section 2.01 2.07(b), the Exposure would exceed the Commitment. (c) The Borrower shall notify the Bank Lender of any election to terminate or reduce the its Commitment under paragraph (bSection 2.06(b) of this Section at least three one Business Days Day prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(b) shall be irrevocable. Any termination or reduction of the Commitment shall be permanent. (d) The Commitment may be terminated at any time an Event of Default has occurred pursuant to and in accordance with the terms of Article XIII.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Maturity Date. (b) The Borrower may at any time terminate, or from time to time reduce, the Commitment; provided that (i) each reduction of the Commitment shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitment if the then-then current LC Exposure or any of the sublimits set forth in Section 2.01 would exceed the Commitment. (c) The Borrower shall notify the Bank of any election to terminate or reduce the Commitment under paragraph (b) of this Section 2.09 at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower pursuant to this Section 2.09 shall be irrevocable. Any termination or reduction of the Commitment shall be permanent.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Maturity Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, the Commitment; provided that (i) each reduction of the Commitment shall be in an minimal amount that is an and in integral multiple multiples of $€1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitment if if, after giving effect to any concurrent prepayment of Loans in accordance with this Agreement, the then-current LC aggregate Exposure or any of the sublimits set forth in Section 2.01 would exceed the Commitment. (c) The Borrower shall notify the Bank Lender in writing of any election to terminate or reduce the Commitment under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable. Any termination or reduction of the Commitment shall be permanent.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Maturity Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, the Commitment; provided that (i) each reduction of the Commitment shall be in an minimal amount that is an and in integral multiple multiples of $£1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitment if if, after giving effect to any concurrent prepayment of Loans in accordance with this Agreement, the then-current LC aggregate Exposure or any of the sublimits set forth in Section 2.01 would exceed the Commitment. (c) The Borrower shall notify the Bank Lender in writing of any election to terminate or reduce the Commitment under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable. Any termination or reduction of the Commitment shall be permanent.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Maturity Date. (b) The Borrower may at any time terminate, terminate or from time to time reduce, reduce the CommitmentCommitment without payment of any premium or penalty of any kind; provided that (iA) each reduction of the Commitment shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 500,000 and (iiB) the Borrower shall not terminate or reduce the Commitment if the then-current LC Exposure or if, after giving effect to any concurrent prepayment of the sublimits set forth Loans in accordance with Section 2.01 2.09, the sum of the outstanding balance of the Loans plus the then outstanding LC Obligations would exceed the CommitmentAvailable Amount. (c) The Borrower shall notify the Bank Lender of any election to terminate or reduce the Commitment under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable. Any termination or reduction of the Commitment shall be permanent.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Maturity Date. (b) The Borrower Borrowers may at any time terminate, or from time to time reduce, the Commitment; provided that (i) each reduction of the Commitment shall -------- be in an amount that is an integral multiple of $1,000,000 100,000 and not less than $5,000,000 1,000,000 and (ii) the Borrower Borrowers shall not terminate or reduce the Commitment if if, after giving effect to any concurrent prepayment of the then-current Loans in accordance with Section 2.08, the sum of the outstanding amount of all Loans plus the LC Exposure or any of the sublimits set forth in Section 2.01 would exceed the Commitment. (c) The Borrower Borrowers shall notify the Bank Lender of any election to terminate or reduce the Commitment under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Each notice delivered by the Borrower Borrowers pursuant to this Section shall be irrevocable. Any termination or reduction of the Commitment shall be permanent.