Common use of Termination or Reduction of Revolving Credit Commitment Clause in Contracts

Termination or Reduction of Revolving Credit Commitment. The Company may permanently reduce the Revolving Credit Commitments, in whole or in part, ratably among the Lenders in integral multiples of $10,000,000, upon at least three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the aggregate amount of the Revolving Credit Commitments may not be reduced below the aggregate principal amount of the outstanding Revolving Credit Loans, Multicurrency Loans and Facility Letters of Credit, and the reduction of any Lender's Revolving Credit Commitment shall also reduce such Lender's Multicurrency Commitment by a like amount. In addition, all accrued facility fees shall be payable on the effective date of any termination of the Revolving Credit Commitments.

Termination or Reduction of Revolving Credit Commitment. The Company may permanently reduce the Aggregate Revolving Credit Commitments, in whole or in part, ratably among the Lenders in integral multiples of $10,000,000, upon at least three Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the aggregate amount of the Aggregate Revolving Credit Commitments may not be reduced below the aggregate principal amount of the outstanding Revolving Credit Loans, Multicurrency Loans, Swing Line Loans and Facility Letters of Credit, Credit and the reduction of any Lender's Revolving Credit Commitment shall also reduce such Lender's Multicurrency Commitment with respect to Pro Rata Multicurrency Loans by a like proportionate amount. In addition, all accrued facility fees shall be payable on the effective date of any termination of the Revolving Credit Commitments.