Termination or Reduction of Revolving Loan Commitment. The Borrowers may, upon notice to the Lender from the Borrower Agent, terminate the Revolving Credit Commitment or the Letter of Credit Sublimit, or from time to time permanently reduce the Revolving Credit Commitment or the Letter of Credit Sublimit; provided that (i) any such notice shall be received by the Lender not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) the Borrowers shall not terminate or reduce (A) the Revolving Credit Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Revolving Credit Commitment or (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit and (iv) if, after giving effect to any reduction or termination of the Revolving Credit Commitment or the Letter of Credit Sublimit exceeds the amount of the Revolving Credit Commitment such Sublimit shall be automatically reduced by the amount of such excess. All fees accrued until the effective date of any termination of the Revolving Credit Commitment shall be paid on the effective date of such termination.
Termination or Reduction of Revolving Loan Commitment. Borrower may, upon notice to Administrative Agent, terminate the Revolving Loan Commitment, or from time to time permanently reduce the Revolving Loan Commitment or the then existing Borrowing Base; provided that (i) any such notice shall be received by Administrative Agent not later than 11:00 a.m. three Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, and (iii) Borrower shall not terminate or reduce the Revolving Loan Commitment or the then existing Borrowing Base if, after giving effect thereto and to any concurrent prepayments hereunder, the Revolving Loan Outstandings would exceed the resulting Revolving Loan Commitment or the then existing Borrowing Base. Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Revolving Loan Commitment or the then existing Borrowing Base. Any reduction of the Revolving Loan Commitment or the then existing Borrowing Base shall be applied to each Lender according to its Revolving Loan Commitment Percentage. All fees accrued until the effective date of any termination of the Revolving Loan Commitment or the then existing Borrowing Base shall be paid on the effective date of such termination.
Termination or Reduction of Revolving Loan Commitment. Section 2.06 of the Credit Agreement is deleted and replaced with the following:
Termination or Reduction of Revolving Loan Commitment
