Common use of Voluntary Reduction of Aggregate Commitment Amount Clause in Contracts

Voluntary Reduction of Aggregate Commitment Amount. Upon at least five (5) Business Days' prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to permanently reduce the Aggregate Commitment provided that (a) Borrower may not reduce the Aggregate Commitment below the Allocated Facility Amount at the time of such requested reduction, (b) any such partial reduction shall be in the minimum aggregate amount of Five Million Dollars (U.S. $5,000,000.00) or any integral multiple of Five Million Dollars (U.S. $5,000,000.00) in excess thereof and (c) Borrower may not reduce the Aggregate Commitment to an amount less than Fifty Million Dollars (U.S. $50,000,000.00). Any reduction of the Aggregate Commitment shall be applied pro rata to each Lender's Commitment.

Voluntary Reduction of Aggregate Commitment Amount. Upon at least five (5) Business Days' prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to permanently reduce the Aggregate Commitment provided that (a) Borrower may not reduce the Aggregate Commitment below the Allocated Facility Amount at the time of such requested reduction, (b) any such partial reduction shall be in the minimum aggregate amount of Five Million Dollars (U.S. $5,000,000.00) or any integral multiple of Five Million Dollars (U.S. $5,000,000.00) in excess thereof and (c) Borrower may not reduce the Aggregate Commitment to an amount less than Fifty One Hundred Million Dollars (U.S. $50,000,000.00100,000,000.00). Any reduction of the Aggregate Commitment shall be applied pro rata to each Lender's Commitment.

Voluntary Reduction of Aggregate Commitment Amount. Upon at least five (5) Business Days' prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to permanently reduce the Aggregate Commitment provided that (a) Borrower may not reduce the Aggregate Commitment below the Allocated Facility Amount at the time of such requested reduction, (b) any such partial reduction shall be in the minimum aggregate amount of Five Million Dollars (U.S. $5,000,000.005,000,000) or any integral multiple of Five Million Dollars (U.S. $5,000,000.005,000,000) in excess thereof thereof, and (c) Borrower may not reduce the Aggregate Commitment to an amount less than Fifty Million Dollars (U.S. $50,000,000.0050,000,000). Any reduction of the Aggregate Commitment shall be applied pro rata to each Lender's Commitment.

Voluntary Reduction of Aggregate Commitment Amount. Upon at least five (5) Business Days' ’ prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to permanently reduce the Aggregate Commitment in whole or in part provided that (a) Borrower may not reduce the Aggregate Commitment below the Allocated Facility Amount Aggregate Outstanding Credit Exposure at the time of such requested reduction, (b) any such partial reduction shall be in the minimum aggregate amount of Five Million Dollars (U.S. $5,000,000.00) or any integral multiple of Five Million Dollars (U.S. $5,000,000.00) in excess thereof and (c) Borrower may not reduce the Aggregate Commitment to an amount less than Fifty One Hundred Million Dollars (U.S. $50,000,000.00)100,000,000.00) unless the Aggregate Commitment is terminated in its entirety. Any reduction of the Aggregate Commitment shall be applied pro rata to each Lender's ’s Commitment.