Common use of Voluntary Reduction or Termination of Colonial Revolver Commitments Clause in Contracts

Voluntary Reduction or Termination of Colonial Revolver Commitments. (a) The Colonial Revolver Commitments shall terminate on the Revolver Commitment Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 days prior written notice to Agent at any time, Colonial may, at its option, terminate the Colonial Revolver Commitments and the Colonial credit facility. Any notice of termination given by Colonial shall be irrevocable. On the termination date, Colonial shall make Full Payment of all Colonial Obligations.