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 promptly confirmed in writing) to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, on any day, to permanently terminate or reduce the Total Commitment in whole or in part; provided that (i) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders, (ii) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $1,000,000, and (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $5,000,000.

Voluntary Reduction of Commitments. (a) Upon at least two three (3) Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, on any day, to permanently terminate or reduce the Total Commitment undrawn Commitments, in whole or in part; provided that (i) any such termination or reduction shall apply proportionately and permanently ratably to reduce the Commitment of each of the LendersLender’s remaining Commitment, (iib) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $1,000,000, 1,000,000 and (iii) after giving effect to any such partial reduction in an integral multiple of the Total Commitment, the Total Commitment shall be at least $5,000,0001,000,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, on any day, to permanently terminate or reduce the Total Commitment Commitments in whole or in part; provided that (i) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders, (ii) any partial reduction pursuant to this Section 4.2 2.2. shall be in the amount of at least $1,000,000, and (iii) after giving effect to any such partial reduction of the Total Commitmentaggregate Commitments, the Total Commitment aggregate Commitments shall be at least $5,000,000.

Voluntary Reduction of Commitments. Upon at least two three Business Days’ ' prior written notice (or telephonic notice promptly 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, on any day, to permanently terminate or partially reduce the Unutilized Total Commitment in whole or in part; Commitment, provided that (i) any such reduction termination shall apply to proportionately and permanently to reduce the Commitment Commitment, if any, of each of the Lenders, and (ii) any partial reduction pursuant to this Section 4.2 section 3.2 shall be in the amount of at least $10,000,000 (or, if greater, in integral multiples of $1,000,000, and (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $5,000,000).

Voluntary Reduction of Commitments. Upon at least two one Business Days’ Day's prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Agent's Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, on any day, permanently to permanently terminate or reduce the Total Commitment Commitments in whole or in part; , provided that (ia) any such reduction shall apply proportionately and permanently to reduce the Commitment Commitments of each of the Lenders, and (iib) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $1,000,000, and (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $5,000,000.

Voluntary Reduction of Commitments. Upon at least two three (3) Business Days’ ' prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent's Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, on any day, permanently to permanently terminate or reduce the Total Commitment Commitments in whole or in part; provided that (ia) any such reduction shall apply proportionately and permanently to reduce the Commitment Commitments of each of the Lenders, Lenders and (iib) any partial reduction pursuant to this Section 4.2 3.2 shall be in the amount of at least $1,000,000, and (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $5,000,0001.0 million.

Voluntary Reduction of Commitments. Upon at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, on any day, to permanently terminate or reduce the Total Commitment Commitments in whole or in part; provided that (ia) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders, Lenders and (iib) any partial reduction pursuant to this Section 4.2 4.1 shall be in the amount of at least $1,000,000, and (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $5,000,000.

Voluntary Reduction of Commitments. Upon at least two three Business Days’ ' prior written notice (or telephonic notice promptly 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, on any day, to permanently terminate or partially reduce the Unutilized Total Commitment in whole or in part; provided Commitment, PROVIDED that (i) any such reduction termination shall apply to proportionately and permanently to reduce the Commitment of each of the Lenders, and (ii) any partial reduction pursuant to this Section 4.2 section 3.2 shall be in the amount of at least $1,000,0005,000,000 (or, and (iii) after giving effect to any such partial reduction if greater, in increments which are integral multiples of the Total Commitment, the Total Commitment shall be at least $5,000,0002,000,000).

Voluntary Reduction of Commitments. Upon at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, on any day, to permanently terminate or reduce the Total Commitment unused Commitments in whole or in part; provided that (i) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders, (ii) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $1,000,000, 1,000,000 and (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $5,000,000.