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 Commitment Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 days prior written notice to Agent at any time, Borrowers may, at their option, terminate the Revolver Commitments 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. (b) Borrowers may permanently reduce the Revolver Commitments, on a ratable basis for all Lenders, upon at least 30 days prior written notice to Agent, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $25,000,000, or an increment of $10,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Commitment Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 30 days prior written notice to Agent at any timetime after the first Loan Year, Borrowers may, at their option, terminate the Revolver Commitments and this credit facility. Any notice of termination given by 34 Borrowers shall be irrevocable. On the termination date, Borrowers shall make Full Payment of all Obligations. (b) Borrowers may permanently reduce the Revolver Commitments, on a ratable basis for all Lenders, upon at least 30 days prior written notice to AgentAgent delivered at any time after the First Loan Year, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $25,000,0001,000,000, or an increment of $10,000,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Commitment Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 30 days prior written notice to Agent at any time(or such shorter period as may be agreed to by Agent in its sole discretion), Borrowers may, at their option, terminate the Revolver Commitments and this credit facilityCommitments. Any notice of termination given by Borrowers shall be irrevocable. On the such termination date, Borrowers shall make Full Payment of all Obligations. (b) Borrowers may permanently reduce the Revolver Commitments, on a ratable Pro Rata basis for all Lenderseach Lender, upon at least 30 days prior written notice to Agent, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $25,000,00010,000,000, or an increment of $10,000,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Commitment Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 30 days prior written notice to Agent at any timeAgent, Borrowers Borrower may, at their its option, terminate the Revolver Commitments and this credit facility. Any notice of termination given by Borrowers Borrower shall be irrevocable. On the termination date, Borrowers Borrower shall make Full Payment of all Obligations. (b) Borrowers Borrower may permanently reduce the Revolver Commitments, on a ratable basis for all Lenders, upon at least 30 days prior written notice to Agent, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $25,000,0005,000,000, or an increment of $10,000,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Commitment Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 days prior written notice to Agent at any timetime after the first Loan Year, Borrowers may, at their option, terminate the Revolver Commitments 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. (b) Borrowers may permanently reduce the Revolver Commitments, on a ratable basis for all Lenders, upon at least 30 90 days prior written notice to AgentAgent delivered at any time after the First Loan Year, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $25,000,0005,000,000, or an increment of $10,000,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Commitment Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 10 days prior written notice to Agent at any timeAgent, Borrowers may, at their option, terminate the Revolver Commitments 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. (b) Borrowers may permanently reduce the Revolver Commitments, on a ratable basis for all Lenders, upon at least 30 90 days prior written notice to Agent, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $25,000,0005,000,000, or an increment of $10,000,000 1,000,000 in excess thereof.

Voluntary Reduction or Termination of Revolver Commitments. (a) The Revolver Commitments shall terminate on the Commitment Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 90 30 days prior written notice to Agent at any timeAgent, Borrowers may, at their option, terminate the Revolver Commitments 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 the Obligations. (b) Borrowers may permanently reduce the Revolver Commitments, on a ratable basis for all Lenders, upon at least 30 days prior written notice to AgentAgent delivered at any time after the First Loan Year, which notice shall specify the amount of the reduction and shall be irrevocable once given. Each reduction shall be in a minimum amount of $25,000,000, or an increment of $10,000,000 5,000,000 in excess thereof.