Common use of Voluntary Reduction or Termination Clause in Contracts

Voluntary Reduction or Termination. Upon at least 90 days prior written notice to Lender at any time after the first anniversary of this Agreement, Borrowers may terminate or reduce the Commitment. Each reduction shall be in an increment of $1,000,000, but not less than $3,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable.

Voluntary Reduction or Termination. Upon at least 90 days prior written 27 notice to Lender at any time after the first anniversary of this Agreement, Borrowers may terminate or reduce the Revolver Commitment. Each reduction shall be in an increment of $1,000,000, but not less than $3,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable.

Voluntary Reduction or Termination. Upon at least 90 45 days prior written notice to Lender at any time time, (a) Borrowers may terminate the Commitment, or (b) after the first anniversary of this Agreement, Borrowers may terminate or reduce the Commitment. Each reduction shall be in an increment of $1,000,000, but not less than $3,000,000, 500,000 and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable, but may be conditioned upon any refinancing.

Voluntary Reduction or Termination. Upon at least 90 10 days prior written notice to Lender at any time after the first anniversary of this Agreement, Borrowers may terminate or reduce the Commitment. Each reduction shall be in an increment of $1,000,000, but not less than $3,000,000, 5,000,000 and shall be specified in the notice. Borrowers shall not reduce the Commitment to an aggregate amount less than $20,000,000; provided that Borrower may at its option reduce the Commitment to $0 and terminate this Agreement pursuant to this Section 2.1.3. Any notice of termination or reduction by Borrowers shall be irrevocable.