Common use of Voluntary Reduction or Termination Clause in Contracts

Voluntary Reduction or Termination. Upon at least 15 Business Days prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable. Any such notice may be conditioned upon the effectiveness of other credit facilities, the receipt of the proceeds from the issuance of other Debt or receipt of proceeds from the sale of the Equity Interests or assets of an Obligor.

Voluntary Reduction or Termination. Upon at least 15 Business Days prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,0005,000,000, but not less than $5,000,00010,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable. Any ; provided that any such notice may be conditioned upon the effectiveness occurrence of other credit facilities, the receipt of the proceeds from the issuance of other Debt a refinancing or receipt of proceeds from the sale of the Debt or Equity Interests or assets of an Obligor.Interests. 133315237_8

Voluntary Reduction or Termination. Upon at least 15 Business Days ten (10) days prior written notice to Agent at any time, Borrowers Borrower may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice, in a minimum amount of $5,000,000 (plus any increment of $1,000,000 (or lesser amount if resulting in a termination)), and applied ratably to all Commitments. Any A notice of termination or reduction by Borrowers shall be Borrower is irrevocable. Any such notice may be conditioned upon the effectiveness of other credit facilities, the receipt of the proceeds from the issuance of other Debt or receipt of proceeds from the sale of the Equity Interests or assets of an Obligor.

Voluntary Reduction or Termination. Upon at least 15 Business Days 30 days prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable. Any such notice may be conditioned upon the effectiveness of other credit facilities, the receipt of the proceeds from the issuance of other Debt or receipt of proceeds from the sale of the Equity Interests or assets of an Obligor.

Voluntary Reduction or Termination. Upon at least 15 10 Business Days Days’ prior written notice to Agent at any time, Borrowers may terminate or reduce the Commitments. Each reduction shall be in an increment of $1,000,000, but not less than $5,000,000, and shall be specified in the notice. Any notice of termination or reduction by Borrowers shall be irrevocable. Any ; provided that any such notice may be conditioned upon the effectiveness occurrence of other credit facilities, the receipt of the proceeds from the issuance of other Debt a refinancing or receipt of proceeds from the sale of the Debt or Equity Interests or assets of an ObligorInterests.