Common use of Voluntary Reduction of the Unutilized Commitment Clause in Contracts

Voluntary Reduction of the Unutilized Commitment. Upon at least three (3) Business Days' prior telephonic notice (promptly confirmed in writing) to the Servicer, Sponsor shall have the right, without premium or penalty, to terminate the Commitment, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Participating Commitments of each of the Participants, (ii) any partial termination pursuant to this Section 2.7 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000, and (iii) the Commitment may not be reduced to an amount which is less than the aggregate sum of all outstanding Loan Commitments.

Voluntary Reduction of the Unutilized Commitment. Upon at least three (3) Business Days' ’ prior telephonic notice (promptly confirmed in writing) to the Servicer, Sponsor shall have the right, without premium or penalty, to terminate the CommitmentCommitments, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce each Facility, (ii) any such termination shall apply to proportionately and permanently reduce the Participating Commitments of each of the Participants, (ii) any partial termination pursuant to this Section 2.7 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000, and (iii) the Commitment Commitments may not be reduced to an if, as a result thereof, the amount which of either Facility is less than the aggregate sum of all outstanding Loan CommitmentsCommitments pursuant to such Facility.

Voluntary Reduction of the Unutilized Commitment. Upon at least three (3) Business Days' ’ prior telephonic notice (promptly confirmed in writing) to the Servicer, Sponsor shall have the right, without premium or penalty, to terminate the Commitment, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Participating Commitments of each of the Participants, (ii) any partial termination pursuant to this Section 2.7 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000, and (iii) the Commitment may not be reduced to an amount which is less than the aggregate sum of all outstanding Loan Commitments.

Voluntary Reduction of the Unutilized Commitment. Upon at least three (3) Business Days' prior telephonic notice (promptly confirmed in writing) to the Servicer, Sponsor shall have the right, without premium or penalty, to terminate the CommitmentCommitments, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce each Facility, (ii) any such termination shall apply to proportionately and permanently reduce the Participating Commitments of each of the Participants, (ii) any partial termination pursuant to this Section 2.7 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000, and (iii) the Commitment Commitments may not be reduced to an if, as a result thereof, the amount which of either Facility is less than the aggregate sum of all outstanding Loan CommitmentsCommitments pursuant to such Facility.

Voluntary Reduction of the Unutilized Commitment. Upon at least three (3) Business Days' prior telephonic notice (promptly confirmed in writing) to the ServicerBank, Sponsor shall have the right, without premium or penalty, to terminate the Commitment, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce the Participating Commitments of each of the ParticipantsCommitment, (ii) any partial termination pursuant to this Section 2.7 2.5 shall be in an amount of at least $5,000,000 1,000,000 and integral multiples of $1,000,000, and (iii) the Commitment may not be reduced to an if, as a result thereof, the amount which of the Commitment is less than the aggregate sum of all outstanding Loan Commitments.