Common use of Termination or Reduction of Commitment Clause in Contracts

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon not less than three (3) Business Days’ irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders), to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.

Termination or Reduction of Commitment. Subject to the indemnity -------------------------------------- agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon not less than three (3) Business Days’ ' irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders), to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the sum of the Letter of Credit Exposure plus the Acceptance Draft Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure or Acceptance Draft Exposure.

Termination or Reduction of Commitment. Subject to the indemnity -------------------------------------- agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon not less than three (3) Business Days’ ' irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders)Agent, to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings Revolving Credit Loans then outstanding exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Eurodollar Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon not less than three (3) Business Days’ irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders), to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the The Borrower shall have the right, upon not less than three (3) Business Days’ ' irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders)written notice, to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum -------- amount of $1,000,000 500,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstandingoutstanding to the extent, if any, that the Loans then outstanding exceed the amount of the Commitment as then reduced, together with accrued interest on the amount so prepaid to and including the dates of each such prepayment, prepayment and any amounts payable pursuant to the extent, if any, that the Aggregate Outstandings exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment Section 2.18 in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, connection therewith and the payment of any unpaid commitment fee then accrued hereunder, and (cb) no any such reduction termination of the Commitment shall reduce be accompanied by prepayment in full of the Total Revolving Credit Commitment Loans outstanding and together with accrued interest thereon to an amount which is less than and including the Letter date of Credit Exposure, prepayment and (d) no such termination shall be effective if there is any amounts payable pursuant to Section 2.18 in connection therewith and the payment of any unpaid commitment fee then any Letter of Credit Exposureaccrued hereunder.

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the The Borrower shall have the right, upon not less than three (3) Business Days’ irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders)written notice, to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 100,000.00 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstandingoutstanding to the extent, if any, that the aggregate of the Revolving Credit Loans then outstanding exceed the amount of the Commitment as then reduced, together with accrued interest on the amount so prepaid to and including the dates of each such prepayment, prepayment and any amounts payable pursuant to Section 2.12 in connection therewith and the extent, if any, that the Aggregate Outstandings exceed the amount payment of the Total Revolving Credit Commitment as any unpaid commitment fee then reduced, accrued hereunder; and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, outstanding (together with accrued interest thereon to and including the date of prepayment, ) the payment of any amounts payable pursuant to Section 2.12 in connection therewith and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Eurodollar Loans set forth in Section 2.10(b2.9(b) hereof, the Borrower shall have the right, upon not less than three (3) Business Days’ irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders), to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower The Borrowers shall have the right, upon not less than three (3) Business Days’ irrevocable ' prior notice to the Administrative Agent (which shall promptly notify each of the Lenders)Bank, to terminate the Total Revolving Credit Commitment orterminate, or from time to timetime ratably reduce, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by the ratable prepayment of the Revolving Credit Loans outstandingNote, together with accrued interest on the amount so prepaid thereon to the dates date of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed aggregate unpaid principal amount thereof then outstanding (including for this purpose any Outstanding Letters of Credit Amounts) exceeds the amount of the Total Revolving Credit Commitment as then reduced, and together with the payment of any unpaid Commitment Fee then accrued hereunder in respect of the Commitment, (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstandingunpaid principal amount of the Note, together with accrued interest thereon to the date of prepayment, such prepayment and the payment of any unpaid commitment fee Commitment Fee then accrued hereunderhereunder in respect of the Commitment, and (c) no such reduction shall or termination may in any event reduce the Total Revolving Credit Commitment to an amount which is less than the Letter Outstanding Letters of Credit Exposure, Amounts plus the amount of any unmatured LIBOR Loans and (d) no Fixed Loans except to the extent they can be and are prepaid as provided in Section 2.16. Any such termination reduction of the Commitment shall be effective if there is then any Letter in an aggregate amount of Credit Exposure$500,000, or a whole multiple thereof. If not terminated earlier, the Commitment shall automatically terminate on the Commitment Termination Date.

Termination or Reduction of Commitment. Subject to the indemnity -------------------------------------- agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon not less than three (3) Business Days’ ' irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders)Agent, to terminate the Total Revolving Credit Commitment or, from time to time, to reduce the amount of the Total Revolving Credit Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and (iii) shall be accompanied by prepayment of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings Revolving Credit Loans then outstanding exceed the amount of the Total Revolving Credit Commitment as then reduced, and (b) any such termination of the Total Revolving Credit Commitment shall be accompanied by prepayment in full of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.

Termination or Reduction of Commitment. Subject to the indemnity agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the The Borrower shall have the right, upon not less than at least three (3) Business Days’ irrevocable notice to the Administrative Agent (which shall promptly notify each of the Lenders)Agent, to terminate in whole or reduce in part the Total unused portion of either the Revolving Credit Commitment or, from time to time, to reduce or the amount of the Total Revolving Credit Term Loan Commitment, provided that (a) any such each partial reduction (i) shall be in the minimum amount of at least One Million Dollars ($1,000,000 or a multiple thereof, (ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect1,000,000.00), and (iii) provided further no reduction shall be accompanied by permitted if, after giving effect thereto, and to any prepayment made therewith, the outstanding and unpaid principal amount of the Revolving Credit Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings shall exceed the Revolving Credit Commitment or the outstanding and unpaid principal amount of the Total Revolving Credit Commitment Term Loans shall exceed the Term Loan Commitment, as then reduced, and (b) any such termination the case may be. Any reduction in part of the Total Revolving Credit unused portion of either Commitment shall be accompanied by prepayment made in full the proportion that each Bank’s Commitment bears to the total amount of all Banks’ Commitments. The Commitments, once reduced or terminated, may not be reinstated. If the Revolving Credit Loan Commitment is terminated in its entirety, all accrued Availability Fees shall be due and payable immediately on the Termination Date. If the Revolving Credit Loan Commitment is reduced in part, Availability Fees shall thereafter be calculated on the unused portion of the Revolving Credit Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Loan Commitment to an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposureas so reduced.