Common use of Voluntary Reduction or Termination of Capital Expenditure Loan Commitment Clause in Contracts

Voluntary Reduction or Termination of Capital Expenditure Loan Commitment. (a) The Capital Expenditure Loan Commitment shall terminate on the Capital Expenditure Commitment Termination Date, unless sooner terminated in accordance with this Agreement. Upon prior written notice to Agent at any time, Borrowers may, at their option, terminate the Capital Expenditure Loan Commitment and this credit facility. Any notice of termination given by Borrowers shall be irrevocable. On the termination date, Borrowers shall make Full Payment of all Obligations in connection with the outstanding Capital Expenditure Loans. (b) Borrowers may permanently reduce the Capital Expenditure Loan Commitment, on a Pro Rata Capital Expenditure Loan basis for each Lender, without penalty or premium, except as otherwise provided in Section 3.9, upon prior written notice to Agent delivered at any time, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $10,000,000, or an increment of $10,000,000 in excess thereof.

Voluntary Reduction or Termination of Capital Expenditure Loan Commitment. (a) The Capital Expenditure Loan Commitment shall terminate on the Capital Expenditure Commitment Termination Date, unless sooner terminated in accordance with this Agreement. Upon prior written notice to Agent at any time, Borrowers may, at their option, terminate the Capital Expenditure Loan Commitment and this credit facility. Any notice of termination given by Borrowers shall be irrevocable. On the termination date, Borrowers shall make Full Payment of all Obligations in connection with the outstanding Capital Expenditure Loans. (b) Borrowers may permanently reduce the Capital Expenditure Loan Commitment, on a Pro Rata Capital Expenditure Loan basis for each Lender, without penalty or premium, except as otherwise provided in Section 3.9, upon prior written notice to Agent delivered at any time, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $10,000,000, or an increment of $10,000,000 in excess thereof.

Voluntary Reduction or Termination of Capital Expenditure Loan Commitment. (a) The Capital Expenditure Loan Commitment shall terminate on the Capital Expenditure Commitment Termination Date, unless sooner terminated in accordance with this Agreement. Upon prior written notice to Agent at any time, Borrowers may, at their option, terminate the Capital Expenditure Loan Commitment and this credit facilityCommitment. Any notice of termination given by Borrowers shall be irrevocable. On the termination date, Borrowers shall make Full Payment of all Obligations in connection with the outstanding Capital Expenditure Loans. (b) Borrowers may permanently reduce the Capital Expenditure Loan Commitment, on a Pro Rata Capital Expenditure Loan basis for each Lender, without penalty or premium, except as otherwise provided in Section 3.9, upon prior written notice to Agent delivered at any time, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $10,000,000, or an increment of $10,000,000 in excess thereof.