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 Commitments, 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 Commitments may not be reduced if, as a result thereof, the amount of either Facility is less than the aggregate sum of all outstanding Loan Commitments 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 Commitments, 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 Commitments may not be reduced if, as a result thereof, the amount of either Facility is less than the aggregate sum of all outstanding Loan Commitments 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 Commitments, 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 2.8 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000, and (iii) the Commitments may not be reduced if, as a result thereof, the amount of either Facility is less than the aggregate sum of all outstanding Loan Commitments 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 Flowers shall have the right, without premium or penalty, to terminate the CommitmentsCommitment, in part or in whole, provided that (i) any such termination shall apply to proportionately and permanently reduce each Facilitythe Commitment, (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 2.07 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000, and (iii) the Commitments Commitment may not be reduced if, as a result thereof, the amount of either Facility is the Commitment would be less than the aggregate sum of all outstanding Loan Commitments Loans pursuant to such Facilitythe Commitment.