Common use of Voluntary Commitment Reductions Clause in Contracts

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date, upon at least three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment on the basis of the respective Commitment Ratios of the Banks applicable to the Facility A Commitment; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 and in integral multiples of $1,000,000. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment shall be permanently reduced to the amount stated in the Borrower's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks the amount necessary to reduce the principal amount of the Loans then outstanding under Facility A Commitment to not more than the amount of Facility A Commitment as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced.

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date, upon at least three five (35) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment Revolving Loan Commitment, on a pro rata basis among the basis of the respective Commitment Ratios of the Banks applicable to the Facility A Commitment; Lenders, provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 5,000,000.00 and in integral multiples of not less than $1,000,0001,000,000.00. As of the date of cancellation or reduction set forth in such notice, the Facility A Revolving Loan Commitment shall be permanently reduced to the amount stated in the Borrower's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks Lenders the amount necessary to reduce the principal amount of the Revolving Loans then outstanding under Facility A Commitment to not more than the amount of Facility A the Revolving Loan Commitment as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced. Reductions to the Revolving Loan Commitment under this Section 2.6 shall be applied to the reductions set forth in Section 2.5(a) hereof pro rata across maturities.

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days' ’ prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment on the basis of the respective Commitment Ratios of the Banks applicable to the Facility A CommitmentRevolving Loan Commitments; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 5,000,000.00 and in an integral multiples multiple of $1,000,0001,000,000.00. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment Revolving Loan Commitments, shall be permanently reduced to the amount stated in the Borrower's such notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks applicable Lenders the amount necessary to reduce the principal amount of the Revolving Loans then outstanding under Facility A Commitment the Revolving Loan Commitments to not more than the amount of Facility A Commitment Revolving Loan Commitments as so reduced, together with accrued interest on the amount so prepaid and any commitment fees accrued through the date of the reduction with respect to the amount reduced.

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment Commitment, on a pro rata basis among the basis of the respective Commitment Ratios of the Banks applicable to the Facility A Commitment; Banks, provided, however, that any such -------- ------- partial reduction shall be made in an amount not less than $5,000,000 and in integral multiples of not less than $1,000,000. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment shall be permanently reduced to the amount stated in the Borrower's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks the amount necessary to reduce the principal amount of the Loans then outstanding under Facility A the Commitment to not more than the amount of Facility A the Commitment as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced. Reductions in the Commitment pursuant to this Section shall be applied pro rata to the then remaining reductions set forth in Section 2.5(a).

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment Existing Commitment, on a pro rata basis among the basis of the respective Commitment Ratios of the Banks applicable to the Facility A Commitment; Banks, provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 and in integral multiples of not less than $1,000,000. As of the date of cancellation or reduction set forth in such notice, the Facility A Existing Commitment shall be permanently reduced to the amount stated in the Borrower's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks the amount necessary to reduce the principal amount of the Loans then outstanding under Facility A the Existing Commitment to not more than the amount of Facility A the Existing Commitment as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced. Reductions in the Existing Commitment pursuant to this Section shall be applied pro rata to the then remaining reductions set forth in Section 2.5(a) hereof.

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date, upon at least three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment on the basis of the respective Commitment Ratios of the Banks Lenders applicable to the Facility A Commitment; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 and in integral multiples of $1,000,000. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment shall be permanently reduced to the amount stated in the Borrower's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks Lenders the amount necessary to reduce the principal amount of the Loans then outstanding under Facility A Commitment to not more than the amount of Facility A Commitment as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced.

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment Commitment, on a pro rata basis among the basis of the respective Commitment Ratios of the Banks applicable to the Facility A Commitment; providedBanks, howeverPROVIDED, HOWEVER, that any such partial reduction shall be made in an amount not less than $5,000,000 1,000,000 and in integral multiples of not less than $1,000,000. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment shall be permanently reduced to the amount stated in the Borrower's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks the amount necessary to reduce the principal amount of the Loans then outstanding under Facility A the Commitment to not more than the amount of Facility A the Commitment as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced. Reductions in the Commitment pursuant to this Section shall be applied pro rata to the then remaining reductions set forth in Section 2.5(a).

Voluntary Commitment Reductions. The Borrower Company shall have the right, at any time and from time to time after the Agreement Restatement Date and prior to the Maturity Date, upon at least three (3) Business Days' ’ prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment on the basis of the respective Commitment Ratios of the Banks applicable to the Facility A CommitmentRevolving Loan Commitments; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 5,000,000.00 and in an integral multiples multiple of $1,000,0001,000,000.00. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment Revolving Loan Commitments shall be permanently reduced to the amount stated in the Borrower's such notice for all purposes herein, and the Company and any relevant Subsidiary Borrower shall pay to the Administrative Agent for the Banks applicable Lenders the amount necessary to reduce the Dollar Equivalent of the aggregate principal amount of the all Revolving Loans, all Swingline Loans and all L/C Obligations then outstanding under Facility A Commitment the Revolving Loan Commitments to not more than the amount of Facility A Commitment Revolving Loan Commitments as so reduced, together with accrued interest on the amount so prepaid and any commitment fees accrued through the date of the reduction with respect to the amount reduced.

Voluntary Commitment Reductions. The Borrower Borrowers shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment on the basis of the respective Commitment Ratios of the Banks applicable to the Facility A CommitmentRevolving Loan Commitments; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 5,000,000.00 and in an integral multiples multiple of $1,000,0001,000,000.00. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment Revolving Loan Commitments shall be permanently reduced to the amount stated in the Borrower's such notice for all purposes herein, and the Borrower shall Borrowers shall, on a joint and several basis, pay to the Administrative Agent for the Banks applicable Lenders the amount necessary to reduce the principal amount of the Revolving Loans then outstanding under Facility A Commitment the Revolving Loan Commitments to not more than the amount of Facility A Commitment Revolving Loan Commitments as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced. Commitment reductions made pursuant to this Section 2.6 shall be applied, with respect to the Revolving Loan Commitments, pro rata to the reductions in Section 2.5(a) hereof.

Voluntary Commitment Reductions. The Borrower shall have the right, at any time and from time to time after the Agreement Date, upon at least three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment Revolving Loan Commitment, on a pro rata basis among the basis of the respective Commitment Ratios of the Banks applicable to the Facility A Commitment; Lenders, provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 1,000,000 and in integral multiples of not less than $1,000,000. As of the date of cancellation or reduction set forth in such notice, the Facility A Revolving Loan Commitment shall be permanently reduced to the amount stated in the Borrower's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the Banks Lenders the amount necessary to reduce the principal amount of the Revolving Loans then outstanding under Facility A Commitment to not more than the amount of Facility A the Revolving Loan Commitment as so reduced, together with accrued interest on the amount so prepaid and commitment fees accrued through the date of the reduction with respect to the amount reduced. Reductions to the Revolving Loan Commitment under this Section 2.6 shall be applied to the reductions set forth in Section 2.5(a) hereof pro rata across maturities.

Voluntary Commitment Reductions. The Borrower Company shall have the right, at any time and from time to time after the Agreement Effective Date and prior to the Maturity Date, upon at least three (3) Business Days' ’ prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment on the basis of the respective Commitment Ratios of the Banks applicable to the Facility A CommitmentRevolving Loan Commitments; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 5,000,000.00 and in an integral multiples multiple of $1,000,0001,000,000.00. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment Revolving Loan Commitments shall be permanently reduced to the amount stated in the Borrower's such notice for all purposes herein, and the Company and any relevant Subsidiary Borrower shall pay to the Administrative Agent for the Banks applicable Lenders the amount necessary to reduce the Dollar Equivalent of the aggregate principal amount of the all Revolving Loans, all Swingline Loans and all L/C Obligations then outstanding under Facility A Commitment the Revolving Loan Commitments to not more than the amount of Facility A Commitment Revolving Loan Commitments as so reduced, together with accrued interest on the amount so prepaid and any commitment fees accrued through the date of the reduction with respect to the amount reduced.

Voluntary Commitment Reductions. The Borrower Company shall have the right, at any time and from time to time after the Agreement Restatement Date and prior to the Maturity Date, upon at least three (3) Business Days' ’ prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Facility A Commitment on the basis of the respective Commitment Ratios of the Banks applicable to the Facility A CommitmentRevolving Loan Commitments; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000 5,000,000.00 and in an integral multiples multiple of $1,000,0001,000,000.00. As of the date of cancellation or reduction set forth in such notice, the Facility A Commitment Revolving Loan Commitments shall be permanently reduced to the amount stated in the Borrower's such notice for all purposes herein, and the Borrower Company shall pay to the Administrative Agent for the Banks applicable Lenders the amount necessary to reduce the aggregate principal amount of the all Revolving Loans, all Swingline Loans and all L/C Obligations then outstanding under Facility A Commitment the Revolving Loan Commitments to not more than the amount of Facility A Commitment Revolving Loan Commitments as so reduced, together with accrued interest on the amount so prepaid and any commitment fees accrued through the date of the reduction with respect to the amount reduced.