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

Voluntary Reductions of Revolving Loan Commitments. Each Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (with a copy to Agent) (which original written or telephonic notice such 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, any Revolving Loan Commitments with respect to such Borrower in an amount up to the amount by which such Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments with respect to such Borrower; PROVIDED that any such partial reduction of such Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and PROVIDED FURTHER that any reduction of the US/UK Revolving Loan Commitment shall be made jointly by Company and Xxxx UK. Any Borrower's notice to an 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 any such Revolving Loan Commitments shall be effective on the date specified in such Borrower's notice and shall reduce such Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share.

Voluntary Reductions of Revolving Loan Commitments. Each -------------------------------------------------- Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (with a copy to Agent) (which original written or telephonic notice such 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, any Revolving Loan Commitments with respect to such Borrower in an amount up to the amount by which such Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments with respect to such Borrower; PROVIDED provided that any such partial -------- reduction of such Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and PROVIDED FURTHER provided further that any reduction of the US/UK -------- ------- Revolving Loan Commitment shall be made jointly by Company and Xxxx UK. Any Borrower's notice to an 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 any such Revolving Loan Commitments shall be effective on the date specified in such Borrower's notice and shall reduce such Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share.

Voluntary Reductions of Revolving Loan Commitments. Each Borrower Company -------------------------------------------------- may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (with a copy to Agent) (which original written or telephonic notice such Agent will promptly transmit by telefacsimile or telephone to each Revolving Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, any the Revolving Loan Commitments with respect to such Borrower in an amount up to the amount by which such the Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments with respect to at the time of such Borrowerproposed termination or reduction; PROVIDED provided that any such partial -------- reduction of such the Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and PROVIDED FURTHER provided further that any reduction no refinancing of the US/UK Revolving -------- ------- Loans and the Revolving Loan Commitment Commitments shall be made jointly by Company permitted without repayment in full of all of the Term Loans and Xxxx UKall of the other Obligations. Any BorrowerCompany's notice to an 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 any such the Revolving Loan Commitments shall be effective on the date specified in such BorrowerCompany's notice and shall reduce such the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share.

Voluntary Reductions of Revolving Loan Commitments. Each Either -------------------------------------------------- Borrower may, upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (with a copy to Agent) (which original written or telephonic notice such 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, any the Revolving Loan Commitments with respect to such Borrower in an amount up to the amount by which such the Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments with respect to at the time of such Borrowerproposed termination or reduction; PROVIDED provided that -------- any such partial reduction of such the Revolving Loan 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 PROVIDED FURTHER that any reduction of the US/UK Revolving Loan Commitment shall be made jointly by Company and Xxxx UK. Any The applicable Borrower's notice to an 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 any such the Revolving Loan Commitments shall be effective on the date specified in such Borrower's notice and shall reduce such the Revolving Loan Commitment of each Lender proportionately to its Pro Rata Share.. --------

Voluntary Reductions of Revolving Loan Commitments. Each Borrower Borrowers may, -------------------------------------------------- upon not less than three Business Days' prior written or telephonic notice confirmed in writing to Administrative Agent (with a copy to Agent) (which original written or telephonic notice such Agent will promptly transmit by telefacsimile or telephone to each Revolving Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, any the Revolving Loan Commitments with respect to such Borrower in an amount up to the amount by which such the Revolving Loan Commitments exceed the Total Utilization of Revolving Loan Commitments with respect to at the time of such Borrowerproposed termination or reduction; PROVIDED provided that any such -------- partial reduction of such the Revolving Loan Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and PROVIDED FURTHER that any reduction of the US/UK Revolving Loan Commitment shall be made jointly by Company and Xxxx UK. Any Borrower's Borrowers' notice to an 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 any such the Revolving Loan Commitments shall be effective on the date specified in such Borrower's Borrowers' notice and shall reduce such the Revolving Loan Commitment of each Revolving Lender proportionately to its Pro Rata Share. Any such voluntary reduction of the Revolving Loan Commitments shall be applied as specified in subsection 2.4B(iv).