Common use of Termination of the Commitments Clause in Contracts

Termination of the Commitments. (a) Any Revolving Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders, and any Term Borrower may, prior to the Term Loan Commitment Termination Date for the Term Loan Commitments in any Tranche, upon at least three Business Days’ prior notice to the Administrative Agent, terminate the unused portions of such Term Loan Commitments of the Term Loan Lenders in such Tranche; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and need not be ratable among the Facilities. (b) Then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made (or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect) pursuant to Section 2.9(a)(i) from the proceeds of any Asset Sale or Property Loss Event, in each case in the amount of such prepayment (or of the prepayment that would have been required) (and the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by its Ratable Portion of such amount). (c) Any unused Term Loan Commitment shall terminate on the Term Loan Commitment Termination Date for such Term Loan Commitment.

Termination of the Commitments. (a) Any Revolving The Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders, and any Term Borrower mayLenders or, prior to the Term Loan Commitment Termination Date for the Term Loan Commitments in any TrancheCommitments, upon at least three Business Days’ prior notice to the Administrative Agent, terminate the unused portions of such Term Loan Commitments of the Term Loan Lenders in such TrancheLenders; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and need not be ratable among between the Facilities. (b) Then The then current Revolving Credit Commitments shall be permanently reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made (or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect) pursuant to Section 2.9(a)(i2.9(a) and (c) (Mandatory Prepayments) from the proceeds of any Asset Sale (other than any prepayment of the Revolving Loans or Swing Loans required to be made solely to the extent of a Borrowing thereof made to consummate a Permitted Acquisition, as set forth in a Permitted Acquisition Notice) or Property Loss EventEvent (but not prepayments required to be made because of Debt Issuances or Excess Cash Flow), in each case in the amount of such prepayment (or of the prepayment that would have been required) (and the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by its Ratable Portion of such amount). (c) Any unused Term Loan Commitment shall terminate on the Term Loan Commitment Termination Date for such Term Loan Commitment.

Termination of the Commitments. (a) Any Revolving The Borrower may, upon at least three Business Days’ ' prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders, and any Term Borrower mayLenders or, prior to the Term Loan Commitment Termination Date for the Term Loan Commitments in any Tranche, upon at least three Business Days’ prior notice to the Administrative Agent58 CREDIT AGREEMENT PRESTIGE BRANDS, terminate the INC. unused portions of such Term Loan Commitments of the Term Loan Lenders in such Tranche; providedPROVIDED, howeverHOWEVER, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and need not be ratable among the Facilities. (b) Then The then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made (or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect) pursuant to Section 2.9(a)(iSECTION 2.9(a) (MANDATORY PREPAYMENTS) from the proceeds of any Asset Sale or Property Loss Event, in each case in the amount of such prepayment (or of the prepayment that would have been required) (and the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by its Ratable Portion of such amount). (c) Any unused Term Loan Commitment shall terminate on the Term Loan Commitment Termination Date for such Term Loan Commitment. In addition, any Revolving Credit Commitment entered into as part of a Facilities Increase shall terminate on the earlier of (i) the Facilities Increase Date for such Revolving Credit Commitment, (ii) any termination date expressly set forth in the commitment letter for such commitment and (iii) the date agreed by the Borrower and the Administrative Agent to be the date of termination of the commitments in such Facilities Increase.

Termination of the Commitments. (a) Any Revolving Borrower may, upon at least three Business Days’ ' prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders, and any Term Borrower mayLenders or, prior to the Term Loan Commitment Termination Date for the Term Loan Commitments in any Tranche, upon at least three Business Days’ prior notice to the Administrative Agent, terminate the unused portions of such Term Loan Commitments of the Term Loan Lenders in such Tranche; providedPROVIDED, howeverHOWEVER, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and need not be ratable among the Facilities. (b) Then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made (or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect) pursuant to Section 2.9(a)(iSECTION 2.9(A)(I) from the proceeds of any Asset Sale or Property Loss Event, in each case in the amount of such prepayment (or of the prepayment that would have been required) (and the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by its Ratable Portion of such amount). (c) Any unused Term Loan Commitment shall terminate on the Term Loan Commitment Termination Date for such Term Loan Commitment.