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 Commitment Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the Commitment, provided that (i) the Borrower may not terminate or reduce the Commitment if, immediately after giving effect thereto and to any concurrent repayment of the Loans in accordance with Section 2.5 or 2.6, the outstanding principal balance of the Loans would exceed the Commitment, and (ii) each such reduction shall be in a minimum amount of $5,000,000 and in an integral multiple of $1,000,000. (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 and any termination or reduction of the Commitment hereunder shall be permanent. Each termination or reduction of the Commitment shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Scheduled Commitment Termination Date. (b) The Commitment shall automatically be reduced by $25,000,000 on each of January 31, 2010, April 30, 2010 and July 31, 2010. (c) The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the Commitment, provided that (i) the Borrower may not terminate or reduce the Commitment if, immediately after giving effect thereto and to any concurrent repayment of the Loans in accordance with Section 2.5 2.4 or 2.62.5, the outstanding principal balance of the Loans Loan Balance would exceed the Commitment, and (ii) each such reduction shall be in a minimum amount of $5,000,000 and 1,000,000 or in an integral multiple of $1,000,000. (cd) The Borrower shall notify the Bank of any election to terminate or reduce the Commitment under paragraph (bc) 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 and any termination or reduction of the Commitment hereunder shall be permanent. Each termination or reduction of the Commitment shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Commitment Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the Commitment, provided that (i) the Borrower may not terminate or reduce the Commitment if, immediately after giving effect thereto and to any concurrent repayment of the Loans in accordance with Section 2.5 or 2.6, the outstanding principal balance of the Loans would exceed the Commitment, and (ii) each such reduction shall be in a minimum amount of $5,000,000 and in an integral multiple of $1,000,000. (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 and any termination or reduction of the Commitment hereunder shall be permanent. Each termination or reduction of the Commitment shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Scheduled Commitment Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the Commitment, provided that (i) the Borrower may not terminate or reduce the Commitment if, immediately after giving effect thereto and to any concurrent repayment reduction of the Loans in accordance with Section 2.5 or 2.6Loan Balance, the outstanding principal balance of the Loans Loan Balance would exceed the Commitment, and (ii) each such reduction shall be in an amount that, when added to the amount of each such prepayment, is in a minimum amount of $5,000,000 and 500,000 (or the U.S. Dollar Equivalent thereof) or in an integral multiple of $1,000,000100,000 (or the U.S. Dollar Equivalent thereof). (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 (3) 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 and any termination or reduction of the Commitment hereunder shall be permanent. Each termination or reduction of the Commitment shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Scheduled Commitment Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the Commitment, provided that (i) the Borrower may not terminate or reduce the Commitment if, immediately after giving effect thereto and to any concurrent repayment of the Loans in accordance with Section 2.4 or 2.5 or 2.6concurrent surrender of the Letter of Credit, the outstanding principal balance of the Loans Credit Exposure would exceed the Commitment, and (ii) each such reduction shall be in an amount that, when added to the amount of each such prepayment, is in a minimum amount of $5,000,000 and 1,000,000 or in an integral multiple of $1,000,000. (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 and any termination or reduction of the Commitment hereunder shall be permanent. Each termination or reduction of the Commitment shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Scheduled Commitment Termination Date. (b) The Borrower Borrowers may at any time terminate, or from time to time reduce, without premium or penalty, the Commitment, provided that (i) the Borrower Borrowers may not terminate or reduce the Commitment if, immediately after giving effect thereto and to any concurrent repayment of the Loans in accordance with Section 2.5 2.4 or 2.62.5, the outstanding principal balance of the Loans would exceed the Commitment, and (ii) each such reduction shall be in a minimum amount of $5,000,000 and in an integral multiple of $1,000,000. (c) The Borrower Borrowers 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 Borrowers pursuant to this Section shall be irrevocable and any termination or reduction of the Commitment hereunder shall be permanent. Each termination or reduction of the Commitment shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment Commitments shall terminate on the Scheduled Commitment Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the CommitmentCommitments, provided that (i) the Borrower may not terminate or reduce the Commitment Commitments if, immediately after giving effect thereto and to any concurrent repayment of the Loans in accordance with Section 2.5 2.4 or 2.62.5, the outstanding principal balance of the Loans Balance would exceed the Commitmentaggregate Commitments of all Lenders, and (ii) each such reduction shall be in a minimum an amount that, when added to the amount of each such prepayment, is $5,000,000 and or in an integral multiple of $1,000,0001,000,000 in excess thereof. (c) The Borrower shall notify the Bank Administrative Agent of any election to terminate or reduce the Commitment Commitments under paragraph (b) of this Section at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable and any termination or reduction of the Commitment Commitments hereunder shall be permanent. Each termination or reduction of the Commitment Commitments shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.

Termination and Reduction of Commitment. (a) Unless previously terminated, the Commitment shall terminate on the Scheduled Commitment Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the Commitment, provided that (i) the Borrower may not terminate or reduce the Commitment if, immediately after giving effect thereto and to any concurrent repayment of the Loans in accordance with Section 2.5 2.4 or 2.62.5, the outstanding principal balance of the Loans would exceed the Commitment, and (ii) each such reduction shall be in a minimum amount of $5,000,000 and in an integral multiple of $1,000,000. (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 and any termination or reduction of the Commitment hereunder shall be permanent. Each termination or reduction of the Commitment shall be accompanied by the payment of accrued and unpaid commitment fees to the extent required by Section 3.2. (d) The Bank may at any time deliver to the Borrower a Commitment Termination Notice.