Common use of TERMINATION OR REDUCTION OF AGGREGATE REVOLVING CREDIT COMMITMENTS Clause in Contracts

TERMINATION OR REDUCTION OF AGGREGATE REVOLVING CREDIT COMMITMENTS. The Borrowers may, upon notice from the Administrative Borrower, on behalf of the Borrowers, to Administrative Agent, terminate the Aggregate Revolving Credit Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments; provided that (a) any such notice will be irrevocable and received by Administrative Agent not later than 11:00 a.m. three Business Days prior to the requested effective date of such termination or reduction; (b) any such partial reduction will be in an aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof; (c) the Borrowers will not terminate or reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit Commitments; and (d) if, after giving effect to any reduction of the Aggregate Revolving Credit Commitments, the L/C Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such sublimit(s) will be automatically reduced by the amount of such excess. Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments. Any reduction of the Aggregate Revolving Credit Commitments will be applied to the commitment of each Lender according to its Percentage Share thereof. All Revolving Credit Commitment Fees accrued until the effective date of any termination of the Aggregate Revolving Credit Commitments will be paid on the effective date of such termination.

TERMINATION OR REDUCTION OF AGGREGATE REVOLVING CREDIT COMMITMENTS. The Borrowers may, upon notice from the Administrative Borrower, on behalf of the Borrowers, to Administrative Agent, terminate the Aggregate Revolving Credit Commitments, or from time to time permanently reduce the Aggregate Revolving Credit Commitments; provided that (a) any such notice will be irrevocable and received by Administrative Agent not later than 11:00 a.m. three Business Days prior to the requested effective date of such termination or reduction; (b) any such partial reduction will be in an aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof; (c) the Borrowers will not terminate or reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit Commitments; and (d) if, after giving effect to any reduction of the Aggregate Revolving Credit Commitments, the L/C Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such sublimit(s) will be automatically reduced by the amount of such excess. Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments. Any reduction of the Aggregate Revolving Credit Commitments will be applied to the commitment of each Lender according to its Percentage Share thereof. All Revolving Credit Commitment Fees accrued until the effective date of any termination of the Aggregate Revolving Credit Commitments will be paid on the effective date of such termination.

TERMINATION OR REDUCTION OF AGGREGATE REVOLVING CREDIT COMMITMENTS. The Borrowers Borrower may, upon notice from the Administrative Borrower, on behalf of the Borrowers, to Administrative Agent, terminate the Aggregate Revolving Credit Commitments, or from time to time permanently reduce the Aggregate Revolving Credit Commitments; provided that that: (a) subject to Section 2.05(a)(i), if applicable, any such notice will shall be irrevocable and received by Administrative Agent not later than 11:00 9:00 a.m. three one Business Days Day prior to the requested effective date of such termination or reduction; (b) any such partial reduction will shall be in an aggregate amount of $25,000,000 1,000,000.00 or any whole multiple of $5,000,000 500,000.00 in excess thereof; (c) the Borrowers will Borrower shall not terminate or reduce the Aggregate Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit Commitments; and (d) if, after giving effect to any reduction of the Aggregate Revolving Credit Commitments, the L/C Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such sublimit(s) will shall be automatically reduced by the amount of such excess. Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Credit Commitments. Any reduction of the Aggregate Revolving Credit Commitments will shall be applied to the commitment of each Revolving Credit Lender according to its Applicable Percentage Share thereof. All Revolving Credit Commitment Fees fees accrued until the effective date of any termination of the Aggregate Revolving Credit Commitments will shall be paid on the effective date of such termination.