Common use of Voluntary Reduction of Commitment Clause in Contracts

Voluntary Reduction of Commitment. Borrower shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) Banking Days’ prior written notice by a Responsible Official of Borrower 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 $10,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) Banking Days’ ' prior written notice by a Responsible Official of Borrower 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 $10,000,0005,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) Banking Days’ ' prior written notice by a Responsible Official of Borrower to the Administrative Agent, voluntarily to reduce, permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 500,000 but not less than $10,000,0005,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower Borrowers shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) Banking three Business Days’ ' prior written notice by a Responsible Official of Borrower 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 $10,000,0005,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower shall have the right, --------------------------------- at any time and from time to time, without penalty or charge, upon at least five (5) Banking Days’ ' prior written notice by a Responsible Official of Borrower to the Administrative Agent, voluntarily to reduce, permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 500,000 but not less than $10,000,0002,500,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) Banking Days’ ' prior written notice by a Responsible Official Senior Officer of Borrower to the Administrative Agent, voluntarily to reduce, permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 5,000,000 but not less than $10,000,0005,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment, provided that any such termination shall be accompanied by payment of all accrued and unpaid commitment fees with respect to the portion of the Commitment being reduced or terminated. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) Banking Days’ Days prior written notice by a Responsible Official of Borrower to the Administrative Agent, voluntarily to reduce, reduce or terminate permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 but not less than $10,000,000, or to terminate5,000,000 (unless all of the unused Commitment is being terminated), all or a portion of the then undisbursed unused Commitment. Borrower shall pay to the Administrative Agent on the date of such termination all unpaid commitment fees which have accrued to such date in respect of the terminated portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower shall have the right, at any time and from time to time, without penalty or charge, upon at least five three (53) Banking Days’ ' prior written notice by a Responsible Official of Borrower to the Administrative Managing Agent, voluntarily to reduce, permanently and irrevocably, in aggregate principal amounts in an integral multiple of $1,000,000 but not less than $10,000,0005,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Managing Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower Borrowers shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) Banking three Business Days’ prior written notice by a Responsible Official of Borrower 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 $10,000,0005,000,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Commitment under this Section.

Voluntary Reduction of Commitment. Borrower shall have the right, at any time and from time to time, without penalty or charge, upon at least five (5) three Banking Days’ Days prior written notice by a Responsible Official of Borrower to the Administrative Agent, voluntarily to reducevoluntarily, permanently and irrevocablyirrevocably reduce, in aggregate principal amounts in an which are integral multiple multiples of $1,000,000 but not less than $10,000,0002,500,000, or to terminate, all or a portion of the then undisbursed portion of the Commitment. The Administrative Agent shall promptly notify the Lenders of , provided that any such reduction or termination shall be accompanied by all accrued and unpaid commitment fees, together with any additional amounts required pursuant to Section 3.7(d), with respect to any portion of the Commitment under this Sectionbeing reduced or terminated.