Common use of VOLUNTARY REDUCTION OF SYNDICATED LOAN COMMITMENTS Clause in Contracts

VOLUNTARY REDUCTION OF SYNDICATED LOAN COMMITMENTS. Upon at least three (3) Business Days' prior written notice (promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to terminate the unutilized Syndicated Loan Commitments, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Syndicated Loan Commitments of each of the Syndicated Lenders, and (ii) any partial termination pursuant to this Section 2.04 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000. Any portion of the Syndicated Loan Commitments terminated pursuant to this Section 2.04 may not be reinstated.

VOLUNTARY REDUCTION OF SYNDICATED LOAN COMMITMENTS. Upon at least three (3) Business Days' prior written notice (promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to terminate the unutilized Syndicated Loan Commitments, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Syndicated Loan Commitments of each of the Syndicated Lenders, and (ii) any partial termination pursuant to this Section 2.04 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000. Any portion of the Syndicated Loan Commitments terminated pursuant to this Section 2.04 may not be reinstated.

VOLUNTARY REDUCTION OF SYNDICATED LOAN COMMITMENTS. Upon at least three (3) Business Days' prior written notice (promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to terminate the unutilized Syndicated Loan Commitments, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Syndicated Loan Commitments of each of the Syndicated Lenders, and (ii) any partial termination pursuant to this Section 2.04 2.03 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000. Any portion of the Syndicated Loan Commitments terminated pursuant to this Section 2.04 may not be reinstated.

VOLUNTARY REDUCTION OF SYNDICATED LOAN COMMITMENTS. Upon at least three (3) Business Days' ’ prior written notice (promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to terminate the unutilized Syndicated Loan Commitments, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Syndicated Loan Commitments of each of the Syndicated Lenders, and (ii) any partial termination pursuant to this Section 2.04 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000. Any portion of the Syndicated Loan Commitments terminated pursuant to this Section 2.04 may not be reinstated.

VOLUNTARY REDUCTION OF SYNDICATED LOAN COMMITMENTS. Upon at least three (3) Business Days' prior written notice (promptly confirmed in writing) to the Administrative Agent, Borrower shall have the right, without premium or penalty, to terminate the unutilized Syndicated Loan Commitments, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Syndicated Loan Commitments of each of the Syndicated Lenders, and (ii) any partial termination pursuant to this Section 2.04 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000. Any portion of the Syndicated Loan Commitments terminated pursuant to this Section 2.04 may not be reinstated.