Common use of Voluntary Reduction of Revolving Loan Commitment Clause in Contracts

Voluntary Reduction of Revolving Loan Commitment. Borrower ------------------------------------------------ shall have the right, upon at least three Business Days' notice to Administrative Agent, to permanently reduce the then unused portion of the Revolving Loan Commitment. Each reduction shall be in a minimum amount of at least $1,000,000, or any whole multiple of $500,000 in excess thereof, and shall be applied as to each Lender based upon its Pro Rata Share. Notwithstanding the foregoing, no reduction shall be permitted if, after giving effect thereto and to any prepayment

Voluntary Reduction of Revolving Loan Commitment. Borrower ------------------------------------------------ shall have the right, upon at least three (3) Business Days' ’ notice to Administrative Agent, to permanently reduce the then unused portion of the Revolving Loan Commitment. Each reduction shall be in a minimum amount of at least $1,000,0002,000,000, or any whole multiple of $500,000 1,000,000 in excess thereof, and shall be applied as to each Lender based upon its Pro Rata Share. Notwithstanding the foregoing, no reduction shall be permitted if, after giving effect thereto and to any prepaymentprepayment made in connection therewith, the aggregate principal balance of Revolving Loans then outstanding would exceed the Revolving Loan Commitment as so reduced.

Voluntary Reduction of Revolving Loan Commitment. Borrower ------------------------------------------------ shall have the right, upon at least three Business Days' notice to Administrative Agent, to permanently reduce the then unused portion of the Revolving Loan Commitment. Each reduction shall be in a minimum amount of at least $1,000,0002,000,000, or any whole multiple of $500,000 1,000,000 in excess thereof, and shall be applied as to each Lender based upon its Pro Rata Share. Notwithstanding the foregoing, no reduction shall be permitted if, after giving effect thereto and to any prepaymentprepayment made in connection therewith, the aggregate principal balance of Revolving Loans then outstanding would exceed the Revolving Loan Commitment as so reduced.