Common use of Termination and Reductions of Commitments Clause in Contracts

Termination and Reductions of Commitments. (a) Upon at least five (5) Business Days' prior irrevocable written notice to the Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Commitment ratably among the Lenders in accordance with the amounts of their Commitments; provided, however, that the Total Commitment shall not be reduced at any time to an amount not less than the aggregate of each Lender's Current Sum outstanding at such time. Each partial reduction of the Total Commitment shall be in a minimum of $1,000,000 or an integral multiple of $100,000 in excess thereof.

Termination and Reductions of Commitments. (a) Upon at least five (5) Business Days' prior irrevocable written notice to the AgentLender, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Commitment ratably among the Lenders in accordance with the amounts of their CommitmentsCommitment; providedPROVIDED, howeverHOWEVER, that the Total Commitment shall not be reduced at any time to an amount not less than the aggregate of each Lender's Current Sum outstanding at such time. Each partial reduction of the Total Commitment shall be in a minimum of $1,000,000 500,000 or an integral multiple of $100,000 in excess thereof.

Termination and Reductions of Commitments. (a) Upon at least five (5) Business Days' prior irrevocable written notice to the Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Commitment ratably among the Lenders Banks in accordance with the amounts of their Commitments; provided, however, that the Total Commitment shall not be reduced at any time to -------- ------- an amount not less than the aggregate of each LenderBank's Current Sum outstanding at such time. Each partial reduction of the Total Commitment pursuant to this subsection shall be in a minimum of $1,000,000 1,000,000, or an integral multiple of $100,000 in excess thereof.

Termination and Reductions of Commitments. (a) Upon at least five (5) Business Days' prior irrevocable written notice to the AgentLender, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Commitment ratably among the Lenders in accordance with the amounts of their CommitmentsCommitment; provided, however, that the Total Commitment shall not be reduced at any time to an amount not less than the aggregate of each Lender's Current Sum outstanding at such time. Each partial reduction of the Total Commitment shall be in a minimum of $1,000,000 500,000, or an integral multiple of $100,000 in excess thereof.