Common use of Voluntary Reductions of Revolving Loan Commitments Clause in Contracts

Voluntary Reductions of Revolving Loan Commitments. The Borrower shall have the right, at any time and from time to time, to terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitments in an amount up to the amount by which the Total Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments. The Borrower shall give not less than three Business Days' prior written notice to the Agent designating the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction. Promptly after receipt of a notice of such termination or partial reduction, the Agent shall notify each Bank of the proposed termination or reduction. Such termination or partial reduction of the Revolving Loan Commitments shall be effective on the date specified in the Borrower's notice and shall reduce the Revolving Loan Commitment of each Bank proportionately to its Pro Rata Share. Any such partial reduction of the Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount unless the remaining amount of the Revolving Loan Commitments is less than $1,000,000 in which case such reduction shall be in the amount of the then remaining Revolving Loan Commitments.

Voluntary Reductions of Revolving Loan Commitments. The Borrower shall have may, not later than 11:00 (Charlotte time) upon at least five (5) Business Days' prior written or telephonic notice confirmed in writing to the rightAdministrative Agent (which original written or telephonic notice the Administrative Agent will promptly transmit by facsimile or telephone to each Lender), at any time and from time to time, to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitments in an amount up to the amount by which the Total Revolving Loan Commitments exceed the Total Utilization aggregate principal amount of all outstanding Revolving Loans at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan CommitmentsCommitments shall be in an aggregate minimum amount of $250,000 or a whole multiple of $250,000 in excess thereof (unless such reduction would reduce the Revolving Loan Commitments to $0, in which case all amounts hereunder in respect of the Revolving Loans and Revolving Loan Commitments shall become immediately due and payable). The Borrower shall give not less than three Business Days' prior written Borrower's notice to the Administrative Agent designating shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction. Promptly after receipt of a notice of , and such termination or partial reduction, the Agent shall notify each Bank of the proposed termination or reduction. Such termination or partial reduction of the Revolving Loan Commitments shall be effective on the date specified in the Borrower's notice and shall reduce the Revolving Loan Commitment Commitments of each Bank Lender proportionately to its Pro Rata Share. Any such partial reduction of the Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount unless the remaining amount of the Revolving Loan Commitments is less than $1,000,000 in which case such reduction shall be in the amount of the then remaining Revolving Loan Commitments.

Voluntary Reductions of Revolving Loan Commitments. The Borrower shall have the rightCompany may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to 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, to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitments in an amount up to the amount by which the Total Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments. The Borrower Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitments shall give be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount; provided, however, that Company may not reduce the Revolving Loan Commitments pursuant to this subsection to an amount less than three Business Days' prior written $25,000,000 until after the Tranche A Term Loans shall have been repaid to the full extent thereof. Company’s notice to the Administrative Agent designating shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction. Promptly after receipt of a notice of , and such termination or partial reduction, the Agent shall notify each Bank of the proposed termination or reduction. Such termination or partial reduction of the Revolving Loan Commitments shall be effective on the date specified in the Borrower's Company’s notice and shall reduce the Revolving Loan Commitment of each Bank Lender proportionately to its Pro Rata Share. Any such partial reduction of the Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount unless the remaining amount of the Revolving Loan Commitments is less than $1,000,000 in which case such reduction shall be in the amount of the then remaining Revolving Loan Commitments.

Voluntary Reductions of Revolving Loan Commitments. The Borrower shall have the rightCompany may, -------------------------------------------------- upon not less than three Business Days' prior written or telephonic notice confirmed in writing to 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, to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitments in an amount up to the amount by which the Total Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments. The Borrower Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan -------- Commitments shall give be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount; provided, -------- however, that Company may not reduce the Revolving Loan Commitments ------- pursuant to this subsection to an amount less than three Business Days' prior written $25,000,000 until after the Tranche A Term Loans shall have been repaid to the full extent thereof. Company's notice to the Administrative Agent designating shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction. Promptly after receipt of a notice of , and such termination or partial reduction, the Agent shall notify each Bank of the proposed termination or reduction. Such termination or partial reduction of the Revolving Loan Commitments shall be effective on the date specified in the BorrowerCompany's notice and shall reduce the Revolving Loan Commitment of each Bank Lender proportionately to its Pro Rata Share. Any such partial reduction of the Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount unless the remaining amount of the Revolving Loan Commitments is less than $1,000,000 in which case such reduction shall be in the amount of the then remaining Revolving Loan Commitments.