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

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 3 days (or such shorter period of time as the Agent may agree in its reasonable discretion) prior written notice to the Agent at any time, the Borrowers may, at their option, terminate the Revolver Commitments and this Agreement. Any notice of termination given by the Borrowers shall be irrevocable; provided that such notice may state that such notice is conditioned upon the effectiveness of other credit facilities or transactions, in which case such notice may be revoked by the Borrowers (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfied. On the Revolver Termination Date, the Borrowers shall make Full Payment of all Obligations. (b) The Borrowers may permanently reduce the Revolver Commitments, on a Pro Rata basis for each Lender (provided each such reduction shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Revolver Loan and any related Revolver Commitments), upon at least 5 days (or such shorter period of time as the Agent may agree in its reasonable discretion) prior written notice to the 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 $1,000,000, or an increment of $100,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 3 days (or such shorter period of time as the Agent may agree in its reasonable discretion) 20 days’ prior written notice to the Agent at any timeAgent, the Borrowers Borrower Agent may, at their its option, terminate the Revolver Commitments and this Agreementcredit facility. Any notice of termination given by the Borrowers Borrower Agent shall be irrevocable; provided that such a notice of termination of the Revolver Commitments delivered by the Borrower Agent may state that such notice is conditioned upon the effectiveness of other credit facilities or transactionsfacilities, in which case such notice may be revoked by the Borrowers Borrower Agent (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfied. On the Revolver Termination Dateapplicable termination date, the Borrowers shall make Full Payment of all Obligations. (b) The Borrowers Borrower Agent may permanently reduce the Revolver Commitments, on a Pro Rata ratable basis for each Lender (provided each such reduction shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Revolver Loan and any related Revolver Commitments)Lenders, upon at least 5 days (or such shorter period of time as the Agent may agree in its reasonable discretion) 15 days’ prior written notice to the Agent delivered at any timeAgent, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $1,000,000, or an increment of $100,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 3 10 days (or such shorter period of time as the Agent may agree in its reasonable discretion) prior written notice to the Agent at any time(or upon such shorter notice period as may be consented to by Agent in its sole discretion), the Borrowers Borrower may, at their its option, terminate the Revolver Commitments and this Agreementcredit facility. Any notice of termination given by the Borrowers Borrower shall be irrevocable; provided that such notice irrevocable but, subject to Agent’s discretion, may state that such notice is be conditioned upon the effectiveness closing of other credit facilities or transactions, in which case such notice may be revoked by the Borrowers (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfieda refinancing transaction. On the Revolver Termination Datetermination date, the Borrowers Borrower shall make Full Payment of all Obligations. (b) The Borrowers Borrower may permanently reduce the Revolver Commitments, on a Pro Rata basis for each Lender (provided each such reduction shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Revolver Loan and any related Revolver Commitments)Lender, upon at least 5 10 days (or such shorter period of time as the Agent may agree in its reasonable discretion) prior written notice to the Agent delivered at any time(or upon such shorter notice period as may be consented to by Agent in its sole discretion), which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $1,000,00050,000,000, or an increment of $100,000 10,000,000 in excess thereof, and Borrower may not permanently reduce the Revolver Commitments by more than $400,000,000 in the aggregate. (c) [Intentionally Omitted].

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 3 90 days (or such shorter period of time as the agreed to by Agent may agree in its reasonable discretionwriting) prior written notice to the Agent at any timetime after the first Loan Year, the Borrowers may, at their option, terminate the Revolver Commitments and this Agreementcredit facility without premium or penalty (except for LIBOR breakage costs pursuant to Section 3.9, if any). Any notice of termination given by Borrowers shall specify the Borrowers termination date and shall be irrevocable; provided that such notice may state that such notice is conditioned upon the effectiveness of other credit facilities or transactions, in which case such notice may be revoked by the Borrowers (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfied. On the Revolver Termination Datetermination date, the Borrowers shall make Full Payment of all Obligations. (b) The Borrowers may permanently reduce the Revolver Commitments, without premium or penalty (except for LIBOR breakage costs pursuant to Section 3.9, if any), on a Pro Rata basis for each Lender (provided each such reduction shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Revolver Loan and any related Revolver Commitments)Lender, upon at least 5 days five Business Days (or such shorter period of time as the Agent may agree agreed to in its reasonable discretionwriting by Agent) prior written notice to the Agent delivered at any timetime after the first Loan Year, which notice shall specify (i) the amount of the reduction and (ii) the effective date of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $1,000,00010,000,000, or an increment of $100,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 3 days (or such shorter period of time as the Agent may agree in its reasonable discretion) prior written notice to the Agent at At any time, the Borrowers may, at their option, by written notice to Agent, terminate the Revolver Commitments and this Agreementcredit facility. Any notice of termination given by the Borrowers shall be irrevocable; provided provided, that such a notice of termination of the Revolver Commitments delivered by the Borrowers may state that such notice is conditioned upon the effectiveness of other credit facilities or transactionsfacilities, in which case such notice may be revoked by the Borrowers (by with written notice to the Agent on or prior to the specified effective date) ). If Borrowers revoke any notice of termination, they shall be responsible for the amounts, if such condition is not satisfiedany, payable pursuant to Section 3.9. On the Revolver Commitment Termination Date, the Borrowers shall make Full Payment of all Obligations. (b) The Borrowers may permanently reduce the Revolver Commitments, on a Pro Rata basis for each Lender (provided each such reduction shall be of a uniformLender, and not varying, percentage of all rights and obligations under and in respect of any Revolver Loan and any related Revolver Commitments), from time to time upon at least 5 days (or such shorter period of time as the Agent may agree in its reasonable discretion) prior written notice to the Agent delivered at any timeAgent, which notice shall specify the amount of the reduction and reduction, shall be irrevocable once given, shall be given at least five Business Days prior to the end of a month and shall be effective as of the first day of the next month. Each reduction shall be in a minimum amount of $1,000,00010,000,000, or an increment of $100,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 3 days (or such shorter period of time as the Agent may agree in its reasonable discretion) 5 Business Days’ prior written notice to the Agent at any timeAgent, the Borrowers may, at their option, terminate the Revolver Commitments and this Agreementcredit facility. Any Subject to Section 2.1.4(c), any notice of termination given by the Borrowers shall be irrevocable; provided that such . On the termination date, Borrowers shall make Full Payment of all Obligations. (b) Borrowers may permanently reduce the Revolver Commitments, on a Pro Rata basis for each Lender, upon at least 5 Business Days’ prior written notice to Agent, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction (in the aggregate for all Lenders) shall be in a minimum amount of $5,000,000, or an increment of $1,000,000 in excess thereof. (c) A notice of termination or reduction of the Revolver Commitments pursuant to this Section 2.1.4 delivered by Borrowers may state that such notice is conditioned upon the effectiveness of other credit facilities facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by the Borrowers (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfied. On the Revolver Termination Date, the Borrowers shall make Full Payment of all Obligations. (b) The Borrowers may permanently reduce the Revolver Commitments, on a Pro Rata basis for each Lender (provided each such reduction shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Revolver Loan and any related Revolver Commitments), upon at least 5 days (or such shorter period of time as the Agent may agree in its reasonable discretion) prior written notice to the 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 $1,000,000, or an increment of $100,000 in excess thereof.