Common use of Voluntary Reduction of Commitments Clause in Contracts

Voluntary Reduction of Commitments. Upon at least two Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that (w) any such termination shall apply to proportionately and permanently reduce the Commitment of each Lender, (x) no such reduction shall reduce any Lender's Commitment to an amount that is less than the sum of (A) the outstanding Loans of such Lender plus (B) such Lender's Percentage of Letter of Credit Outstandings and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,000.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment; provided, provided however, that (wa) any such termination shall apply to proportionately and permanently reduce the Commitment of each LenderBank, (xb) no such reduction shall reduce any LenderNon-Defaulting Bank's Commitment to an amount that is less than the sum of (Ai) the outstanding Loans of such Lender Bank plus (Bii) such LenderBank's Adjusted Percentage of Letter of Credit Outstandings and (yc) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,000100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Revolving Commitment, provided that (wx) any such termination shall apply to proportionately and permanently reduce the Revolving Commitment of each LenderRC Bank, (xy) no such reduction shall reduce any LenderNon-Defaulting Bank's Revolving Commitment to an amount that is less than the sum of (AI) the outstanding Revolving Loans of such Lender Bank plus (BII) such LenderBank's Adjusted RC Percentage of outstanding Swingline Loans and of Letter of Credit Outstandings and (yz) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,0001,000,000.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that (w) any such termination shall apply to proportionately and permanently reduce the Commitment of each Lender0000DSZS.W51 Bank, (x) no such reduction shall reduce any LenderNon-Defaulting Bank's Commitment to an amount that is less than the sum of (A) the outstanding Loans of such Lender Bank plus (B) such LenderBank's Adjusted Percentage of Letter of Credit Outstandings and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in or integral multiples of $100,000100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment; PROVIDED, provided HOWEVER, that (w) any such termination shall apply to proportionately and permanently reduce the Commitment of each LenderBank, (x) no such reduction shall reduce any LenderNon-Defaulting Bank's Commitment to an amount that is less than the sum of (A) the outstanding Loans of such Lender Bank plus (B) such LenderBank's Adjusted Percentage of Letter of Credit Outstandings and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,000.100,000 in excess thereof. 3.03

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that (w) any such termination shall apply to proportionately and permanently reduce the Commitment of each LenderBank, (x) no such reduction shall reduce any LenderNon-Defaulting Bank's Commitment to an amount that is less than the sum of (A) the outstanding Loans of such Lender Bank plus (B) such LenderBank's Adjusted Percentage of Letter of Credit Outstandings and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in or integral multiples of $100,000100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Unutilized Total Unutilized Revolving Commitment, provided that (wx) any such termination shall apply to proportionately and permanently reduce the Revolving Commitment of each LenderBank, (xy) no such reduction shall reduce any LenderNon-Defaulting Bank's Revolving Commitment to an amount that is less than the sum of (A) the outstanding Revolving Loans of such Lender plus Bank and (B) such LenderBank's Adjusted Percentage of outstanding Swingline Loans and of Letter of Credit Outstandings and (yz) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,0001,000,000.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment; PROVIDED, provided HOWEVER, that (w) any such termination shall apply to proportionately and permanently reduce the Commitment of each LenderBank, (x) no such reduction shall reduce any LenderNon- Defaulting Bank's Commitment to an amount that is less than the sum of (A) the outstanding Loans of such Lender Bank plus (B) such LenderBank's Adjusted Percentage of Letter of Credit Outstandings and (y) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,000100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Revolving Commitment, provided that (wx) any such termination shall apply to proportionately and permanently reduce the Revolving Commitment of each LenderBank, (xy) no such reduction shall reduce any LenderNon-Defaulting Bank's Revolving Commitment to an amount that is less than the sum of (A) the outstanding Revolving Loans of such Lender Bank plus (B) such LenderBank's Adjusted RC Percentage of (i) outstanding Swingline Loans and (ii) Letter of Credit Outstandings and (yz) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,0001,000,000.

Voluntary Reduction of Commitments. Upon at least two three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment; PROVIDED, provided HOWEVER, that (wa) any such termination shall apply to proportionately and permanently reduce the Commitment of each LenderBank, (xb) no such reduction shall reduce any LenderNon-Defaulting Bank's Commitment to an amount that is less than the sum of (A) the outstanding Loans of such Lender plus (B) such Lender's Percentage of Letter of Credit Outstandings Bank and (yc) any partial reduction pursuant to this Section SECTION 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,000100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least two three (3) Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lendersaffected Banks), the Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that (wi) any such termination shall apply to proportionately and permanently reduce the respective Commitment of each LenderBank, (xii) no such reduction shall reduce any LenderBank's Commitment to an amount that is less than the sum of (Ax) the outstanding Loans of such Lender Bank, plus (By) such LenderBank's Percentage of Letter of Credit Outstandings Outstandings, and (yiii) any partial reduction pursuant to this Section 3.02 shall be in the amount of at least $500,000 and in integral multiples of $100,0005,000,000.