Common use of Voluntary Reductions of Commitments Clause in Contracts

Voluntary Reductions of Commitments. Company may, upon not less than five Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (which original written or telephonic notice 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 Commitments 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 the Commitments shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount. Company's notice to 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 the Commit ments shall be effective on the date specified in Company's notice and shall reduce the Commitment of each Lender proportionately to its Pro Rata Share.

Voluntary Reductions of Commitments. Company may, upon not less than five three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (which original written or telephonic notice Adminis trative 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 Commitments 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 the Commitments shall be in an aggregate minimum amount of $5,000,000 1,000,000 and integral multiples of $1,000,000 100,000 in excess of that amount. Company's notice to 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 the Commit ments Commitments shall be effective on the date specified in Company's notice and shall reduce the Commitment of each Lender proportionately to its Pro Rata Share.

Voluntary Reductions of Commitments. Company Borrower may, upon not less than five three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (which original written or telephonic notice Adminis trative 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 Commitments 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 the Commitments shall be in an aggregate minimum amount of $5,000,000 1,000,000 and integral multiples of $1,000,000 100,000 in excess of that amount. CompanyBorrower's notice to 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 the Commit ments Commitments shall be effective on the date specified in CompanyBorrower's notice and shall reduce the Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in Section 2.4B(iv).

Voluntary Reductions of Commitments. Company Borrower may, upon not less than five three (3) Business Days' ’ prior written or telephonic notice confirmed in writing to Administrative Agent (which original written or telephonic notice Adminis trative Administrative Agent will promptly transmit by telefacsimile fax 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 Commitments in an amount up to the amount by which the Commitments exceed the Total Utilization aggregate principal amount of Commitments all outstanding Loans at the time of such proposed termination or reduction; provided that any such partial reduction of the Commitments shall be in an aggregate minimum amount of $5,000,000 25,000,000 and integral multiples of $1,000,000 10,000,000 in excess of that amount. Company's Borrower’s notice to 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 the Commit ments Commitments shall be effective on the date specified in Company's Borrower’s notice and shall reduce the Commitment of each Lender proportionately to its Pro Rata Share.

Voluntary Reductions of Commitments. Company The Borrower may, upon not less than five three (3) Business Days' prior written or telephonic notice notice, promptly confirmed in writing to the Administrative Agent (which original written or telephonic notice Adminis trative the Administrative Agent will promptly transmit by telefacsimile facsimile 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 Commitments in an amount up to the amount by which the Commitments exceed the Total Utilization aggregate principal amount of Commitments all Loans outstanding at the time of such proposed termination or reduction; provided that any such partial reduction of the Commitments shall be in an aggregate minimum amount of $5,000,000 250,000 and integral multiples of $1,000,000 50,000 in excess of that amount. CompanyThe 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 the Commit ments Commitments shall be effective on the date specified in Company's the notice and shall reduce the Commitment of each Lender proportionately to its Pro Rata Share.

Voluntary Reductions of Commitments. Company may, upon not less than five ten Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (which original written or telephonic notice 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 Commitments 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 the Commitments shall be in an aggregate minimum amount of $5,000,000 1,000,000 and integral multiples of $1,000,000 100,000 in excess of that amount. Company's notice to 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 the Commit ments Commitments shall be effective on the date specified in Company's notice and shall reduce the Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.4B(iv).

Voluntary Reductions of Commitments. The Company may, upon not less than five three Business Days' prior written or telephonic notice confirmed in writing to Administrative the Agent (which original written or telephonic notice Adminis trative 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 Commitments 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 reductionCommitments; provided provided, however, that any such partial reduction of the Commitments shall be in an aggregate minimum amount of $5,000,000 1,000,000 and integral multiples of $1,000,000 in excess of that amount. The Company's notice to Administrative the 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 the Commit ments Commitments shall be effective on the date specified in the Company's notice and shall reduce the Commitment of each Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Commitments shall be applied as specified in subsection 2.5B(viii).