Common use of Voluntary Reduction of Commitments Clause in Contracts

Voluntary Reduction of Commitments. Upon at least three Business Day's prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to permanently reduce each Lender's Pro Rata Share of all or part of the Total Revolving Loan Commitment, provided that any such partial reduction shall be in the minimum aggregate amount of $1,000,000 or any integral multiple of $500,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least three Business Day's prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to permanently reduce each Lender's Pro Rata Share of all or part of the Total Revolving Loan Commitment, provided PROVIDED that any such partial reduction shall be in the minimum aggregate amount of $1,000,000 or any integral multiple of $500,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least three ---------------------------------- Business Day's prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to permanently reduce each LenderBank's Pro Rata Share of all or part of the Total Revolving Loan Commitment, provided that any such partial reduction shall be in the minimum aggregate amount of $1,000,000 or any integral multiple of $500,000 100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least three ---------------------------------- Business Day's prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to permanently reduce each Lender's Pro Rata Share of all or part of the Total Revolving Loan Commitment, provided that any such partial reduction shall be in the minimum aggregate amount of $1,000,000 or any integral multiple of $500,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least three Business Day's prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to permanently reduce each Lender's Pro Rata Share of all or part of the Total Revolving Loan Commitment and, prior to the Tranche A Period Date, the Tranche A Commitment, provided that any such partial reduction shall be in the minimum aggregate amount of $1,000,000 750,000 or any integral multiple of $500,000 100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least three two Business Day's Days' prior irrevocable written notice (or telephonic notice confirmed promptly confirmed in writing) to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to permanently reduce each LenderBank's Pro Rata Share of all or part of the Total Revolving Loan Commitment, ; provided that any such partial reduction pursuant to this Section 4.3 shall be in the minimum aggregate amount of $1,000,000 or any 100,000,000 or, if greater, an integral multiple of $500,000 in excess thereof5,000,000.

Voluntary Reduction of Commitments. Upon at least three Business Day's prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to permanently reduce each Lender's Pro Rata Share of all or part of the Total Revolving Loan Commitment, provided that any but such partial reduction shall be in the minimum aggregate amount of $1,000,000 500,000 or any integral multiple of $500,000 100,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least three two Business Day's Days' prior irrevocable written notice (or telephonic notice confirmed promptly confirmed in writing) to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to permanently reduce each LenderBank's Pro Rata Share of all or part of the Total Revolving Loan Commitment, ; provided that any such partial reduction pursuant to this Section 3.3 shall be in the minimum aggregate amount of $1,000,000 or any 100,000,000 or, if greater, an integral multiple of $500,000 in excess thereof5,000,000.

Voluntary Reduction of Commitments. Upon at least three two Business Day's Days’ prior irrevocable written notice (or telephonic notice confirmed promptly confirmed in writing) to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrower shall have the right, without premium or penalty, to permanently reduce each Lender's Bank’s Pro Rata Share of all or part of the Total Revolving Loan Commitment, ; provided that any such partial reduction pursuant to this Section 3.3 shall be in the minimum aggregate amount of $1,000,000 or any 100,000,000 or, if greater, an integral multiple of $500,000 in excess thereof5,000,000.