Common use of Voluntary Reduction of Commitments Clause in Contracts

Voluntary Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Payments Administrator at the Payments Administrator's Office (which notice the Payments Administrator shall promptly transmit to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate the Total Unutilized Commitment, in part or in whole (or, to the extent that at such time there are no Loans outstanding and no Letter of Credit Outstandings, to terminate the Total Commitment, in whole), provided that (x) any such termination shall apply to proportionately and permanently reduce the Commitment of each of the Banks and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $50,000,000.

Voluntary Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Payments Administrator at the Payments Administrator's Office (which notice the Payments Administrator shall promptly transmit to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate the Total Unutilized Commitment, in part or in whole (or, to the extent that at such time there are no Loans outstanding and no Letter of Credit Outstandingsoutstanding, to terminate the Total Commitment, in whole); provided, provided that (x) any such termination shall apply to proportionately and permanently reduce the Commitment of each of the Banks and (y) any partial reduction pursuant to this Section 3.02 2.02 shall be in the amount of at least $50,000,000.

Voluntary Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Payments Administrator at the Payments Administrator's Office (which notice the Payments Administrator shall promptly transmit to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate the Total Unutilized Commitment, in part or in whole (or, to the extent that at such time there are no Loans outstanding and no Letter of Credit Outstandingsoutstanding, to terminate the Total Commitment, in whole); PROVIDED, provided that (x) any such termination shall apply to proportionately and permanently reduce the Commitment of each of the Banks and (y) any partial reduction pursuant to this Section 3.02 2.02 shall be in the amount of at least $50,000,000.

Voluntary Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) given by the Borrower to the Payments Administrator Agent at the Payments Administrator's its Notice Office (which notice shall be irrevocable and shall be promptly transmitted by the Payments Administrator shall promptly transmit Agent to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate terminate, in whole or in part, the Total Unutilized Commitment, in part Commitment (or in whole (or, to the extent that at such time there are no Loans outstanding and no Letter of Credit Outstandingsor Competitive Bid Loans outstanding, to terminate the Total Commitment, in whole), provided PROVIDED, that (x) any partial reduction of the Total Unutilized Commitment pursuant to this Section 2.02 shall be in the amount of at least $10,000,000 (and, if greater, in an integral multiple of $1,000,000), and (y) any such termination shall apply to proportionately and permanently reduce the Commitment of each of the Banks and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $50,000,000Banks.

Voluntary Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic tele- phonic notice promptly confirmed in writing) given by the Borrower to the Payments Administrator Agent at the Payments Administrator's its Notice Office (which notice shall be irrevocable and shall be promptly transmitted by the Payments Administrator shall promptly transmit Agent to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate terminate, in whole or in part, the Total Unutilized Commitment, in part Commitment (or in whole (or, to the extent that at such time there are no Loans outstanding and no Letter of Credit Outstandingsoutstanding, to terminate the Total Commitment, in whole), provided provided, that (x) any partial reduction of the Total Unutilized Commitment pursuant to this Section 2.02 shall be in the amount of at least $10,000,000 (and, if greater, in an integral multiple of $1,000,000), and (y) any such termination shall apply to proportionately and permanently reduce the Commitment of each of the Banks and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $50,000,000Banks.

Voluntary Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) given by the Borrower to the Payments Administrator Agent at the Payments Administrator's its Notice Office (which notice shall be irrevocable and shall be promptly transmitted by the Payments Administrator shall promptly transmit Agent to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate terminate, in whole or in part, the Total Unutilized Commitment, in part Commitment (or in whole (or, to the extent that at such time there are no Loans outstanding and no Letter of Credit Outstandingsoutstanding, to terminate the Total Commitment, in whole), provided PROVIDED, that (x) any partial reduction of the Total Unutilized Commitment pursuant to this Section 2.02 shall be in the amount of at least $10,000,000 (and, if greater, in an integral multiple of $1,000,000), and (y) any such termination shall apply to proportionately and permanently reduce the Commitment of each of the Banks and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $50,000,000Banks.

Voluntary Reduction of Commitments. Upon at least three ---------------------------------- Business Days' prior written notice (or telephonic notice confirmed in writing) to the Payments Administrator at the Payments Administrator's Office (which notice the Payments Administrator shall promptly transmit to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate the Total Unutilized Commitment, in part or in whole (or, to the extent that at such time there are no Loans outstanding and no Letter of Credit Outstandingsoutstanding, to terminate the Total Commitment, in whole); provided, provided that (x) any such termination shall apply to proportionately -------- and permanently reduce the Commitment of each of the Banks and (y) any partial reduction pursuant to this Section 3.02 2.02 shall be in the amount of at least $50,000,000.