Common use of Voluntary Reductions of the Commitment Clause in Contracts

Voluntary Reductions of the Commitment. Borrower may terminate or reduce the aggregate unused amount of the Commitment (for which purpose use of the Commitment shall be deemed to include the aggregate amount of all Letter of Credit Liabilities) at any time and from time to time without penalty or premium upon not less than three Business Days prior notice to Lender of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which in the case of any partial reduction of the Commitment shall not be less than $100,000.00 and integral multiples of $50,000.00 in excess of that amount) and shall be irrevocable once given and effective only upon receipt by Lender; provided, however, that if Borrower seeks to reduce the Commitment below $5,000,000.00, then the Commitment shall be reduced to zero and except as otherwise provided herein, the provisions of this Agreement shall terminate. The Commitment, once reduced pursuant to this Section, may not be increased. Borrower shall pay all interest and other costs on the Loans accrued to the date of such reduction or termination of the Commitment of Lender.

Voluntary Reductions of the Commitment. The Borrower may terminate or reduce the aggregate unused amount of the Commitment Commitments (for which purpose use of the Commitment Commitments shall be deemed to include the aggregate principal amount of all Letter of Credit Liabilitiesoutstanding Bid Rate Loans and Swingline Loans) at any time and from time to time without penalty or premium upon not less than three five (5) Business Days prior notice to Lender the Agent of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which in the case of any partial reduction of the Commitment Commitments shall not be less than $100,000.00 10,000,000 and integral multiples of $50,000.00 1,000,000 in excess of that amountamount in the aggregate) and shall be irrevocable once given and effective only upon receipt by Lender; providedthe Agent ("Prepayment Notice"). Promptly after receipt of a Prepayment Notice the Agent shall notify each Lender by telecopy, however, that if Borrower seeks to reduce or other similar form of transmission of the proposed termination or Commitment below $5,000,000.00, then the Commitment shall be reduced to zero and except as otherwise provided herein, the provisions of this Agreement shall terminatereduction. The CommitmentCommitments, once reduced pursuant to this Section, may not be increased. The Borrower shall pay all interest and other costs fees, on the Loans accrued to the date of such reduction or termination of the Commitment Commitments to the Agent for the account of Lenderthe Lenders, including but not limited to any applicable compensation due to each Lender in accordance with Section 5.4. of this Agreement.