Common use of Voluntary Reductions of Commitments Clause in Contracts

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan Commitments; provided that any such partial reduction of such Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such Commitments shall be effective on the date specified in Borrowers’ notice and shall reduce such Commitment of each Lender proportionately to its unfunded Commitment. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv).

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers may, upon not less than three one Business Days’ Day's prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender)Agent, at any time and from time to time time, terminate in whole or permanently reduce in part, without premium or penalty, the Loan CommitmentsCommitments in an amount up to the amount by which the Commitments exceed the aggregate Loans outstanding at the time of such proposed termination or reduction; provided that any such partial reduction of such either the Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ ' notice to the Administrative Agent (who shall promptly notify each Revolving Lender of such notice) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such any of the Commitments shall be effective on the date specified in Borrowers’ Company's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any No such voluntary reduction of the Commitments shall be applied as specified permitted if such reduction would result in subsection 2.4B(iv)the Commitments being less than the Total Utilization of Commitments.

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Company may, upon not ----------------------------------- less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan CommitmentsCommitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments at the time of such proposed termination or reduction; provided that any -------- such partial reduction of such the Commitments shall be in an aggregate minimum amount of $1,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Commitments shall be effective on the date specified in Borrowers’ Company's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv).

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Company may, upon not less than three five Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Adminis trative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan CommitmentsCommitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of such the Commitments shall be in an aggregate minimum amount of $1,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such Commitments the Commit ments shall be effective on the date specified in Borrowers’ Company's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded Commitment. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv)Pro Rata Share.

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan Commitments; , provided that that: (1) Borrower shall not voluntarily terminate any such partial portion of the Revolving Commitment at any time when any portion of the Term Commitments remain in effect, (2) Each reduction of such Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 100,000 in excess of that amount; and (3) No reduction shall result in a Commitment being in an amount which is less than the usage of Loans and further provided Letters of Credit under that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents)Commitment. The Borrowers’ Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Commitments shall be effective on the date specified in Borrowers’ Borrower’s notice and shall reduce such the relevant Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(ivSection 2.4C(iv).

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Company may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan CommitmentsCommitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of such the Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 100,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Commitments shall be effective on the date specified in Borrowers’ Company's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified directed by Company to scheduled reductions of the Commitments set forth in subsection 2.4B(iv2.4A(i).

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Company may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, (a) the Working Capital Revolving Loan CommitmentsCommitments in an amount up to the amount by which the Working Capital Revolving Loan Commitments exceed the Total Utilization of Working Capital Revolving Loan Commitments at the time of such proposed termination or reduction and (b) the Acquisition Revolving Loan Commitments in an amount up to the amount by which the Acquisition Revolving Loan Commitments exceed the aggregate principal amount of outstanding Acquisition Revolving Loans; provided that any such partial reduction of such Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such Commitments shall be effective on the date specified in Borrowers’ Company's notice and shall reduce such Commitment of each Lender proportionately to its unfunded Commitment. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv)Pro Rata Share.

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Borrower may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan CommitmentsCommitments in an amount up to the amount by which the Commitments exceed the Total Utilization at the time of such proposed termination or reduction; provided that any such partial reduction of such the Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 100,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Borrower's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Commitments shall be effective on the date specified in Borrowers’ Borrower's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection Section 2.4B(iv).

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Company may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan CommitmentsCommitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of such the Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 100,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Commitments shall be effective on the date specified in Borrowers’ Company's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded Commitment. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv)Pro Rata Share.

Voluntary Reductions of Commitments. After Substantial Completion, the The Borrowers may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan CommitmentsCommitments in an amount up to the amount by which the Revolving Loan Commitments exceed the Total Utilization at the time of such proposed termination or reduction; provided that any such partial reduction of such the Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 1,000,- 000 and integral multiples of $500,000 100,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Revolving Loan Commitments shall be effective on the date specified in the Borrowers’ ' notice and shall reduce such the Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Revolving Loan Commitments shall be applied as specified in subsection 2.4B(iv2.4A(iv).

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers The Company may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative the Agent will promptly transmit by telefacsimile telecopy, telex or telephone (confirmed in writing) to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan Commitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments; provided provided, however, that any such partial reduction of such the Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Commitments shall be effective on the date specified in Borrowers’ the Company's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv2.5B(viii).

Voluntary Reductions of Commitments. After Substantial Completion, the The Borrowers may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each EACH Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, (A) the Revolving Loan Commitments in an amount up to the amount by which the Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction or (B) the Term A Loan Commitments; provided PROVIDED that any such partial reduction of such Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ ' notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such Commitments shall be effective on the date specified in Borrowers’ ' notice and shall reduce such Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv).

Voluntary Reductions of Commitments. After Substantial Completion, the Borrowers Company may, upon not less than three ten Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Loan CommitmentsCommitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of such the Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 100,000 in excess of that amount; and further provided that the Borrowers may terminate in whole the Loan Commitments prior to Substantial Completion upon payment in full of the Obligations (other than those which survive the expiration or earlier termination of the Loan Documents). The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of such the Commitments shall be effective on the date specified in Borrowers’ Company's notice and shall reduce such the Commitment of each Lender proportionately to its unfunded CommitmentPro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv).