Common use of Voluntary Reduction of Commitment Clause in Contracts

Voluntary Reduction of Commitment. Borrower and the Co-Borrowers shall have the right, at any time and from time to time, without penalty or charge, upon at least three Banking Days' prior written notice by a Responsible Official of Borrower and the Co-Borrowers to the Administrative Agent, voluntarily to reduce, permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 but not less than $5,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment; provided that the Commitment may not be so reduced below an amount equal to the sum of the aggregate principal amount outstanding under the Notes. The Administrative Agent shall promptly notify the Banks of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower and the Co-Co- --------------------------------- Borrowers shall have the right, at any time and from time to time, without penalty or charge, upon at least three Banking Days' prior written notice by a Responsible Official of Borrower and the Co-Borrowers to the Administrative Agent, voluntarily to reduce, permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 but not less than $5,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment; provided that the Commitment may not be so reduced below an -------- amount equal to the sum of the aggregate principal amount outstanding under the --- -- Notes. The Administrative Agent shall promptly notify the Banks of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower and the Co-Borrowers --------------------------------- shall have the right, at any time and from time to time, without penalty or charge, upon at least three Banking Days' prior written notice by a Responsible Official of Borrower and the Co-Borrowers to the Administrative Agent, voluntarily to reduce, permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 but not less than $5,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment; provided that the -------- Commitment may not be so reduced below an amount equal to the sum of the --- aggregate principal amount outstanding under the Notes. The Administrative Agent shall promptly notify the Banks of any reduction or termination of the Commitment under this Section.