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

Voluntary Reductions of the Revolving Commitments. The Borrower shall have the right to terminate or reduce the aggregate unused amount of the Revolving Commitments (for which purpose use of the Revolving Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities and the aggregate principal amount of all outstanding Swingline Loans and Bid Rate Loans) at any time and from time to time without penalty or premium upon not less than 5 Business Days prior written notice to the Agent of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction and shall be irrevocable once given and effective only upon receipt by the Agent; provided, however, (i) no reduction of the Revolving Commitments shall be permitted if such reduction would result in a violation of Section 2.16. and (ii) if the Borrower seeks to reduce the aggregate amount of the Revolving Commitments below $150,000,000, then the Revolving Commitments, the L/C Commitment and the Swingline Commitment shall all automatically and permanently be reduced to zero. The Agent will promptly transmit such notice to each Revolving Lender and Term Lender. The Revolving Commitments, once terminated or reduced may not be increased or reinstated.

Voluntary Reductions of the Revolving Commitments. The Borrower shall have the right to terminate or reduce the aggregate unused amount of the Revolving Commitments (for which purpose use of the Revolving Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities and the aggregate principal amount of all outstanding Swingline Loans and Bid Rate Loans) at any time and from time to time without penalty or premium upon not less than 5 Business Days prior written notice to the Agent of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction and shall be irrevocable once given and effective only upon receipt by the Agent; provided, however, (i) no reduction of the Revolving Commitments shall be permitted if such reduction would result in a violation of Section 2.16. and (ii) if the Borrower seeks to reduce the aggregate amount of the Revolving Commitments below $150,000,000100,000,000, then the Revolving Commitments, the L/C Commitment and the Swingline Commitment Commitments shall all automatically and permanently be reduced to zero. The Agent will promptly transmit such notice to each Revolving Lender and Term Lender. The Revolving Commitments, once terminated or reduced may not be increased or reinstated.

Voluntary Reductions of the Revolving Commitments. The Subject to Section 2.14, the Borrower shall have the right to terminate or reduce the aggregate unused amount of the Revolving Commitments (for which purpose use of the Revolving Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities and the aggregate principal amount of all outstanding Swingline Loans and Bid Rate Loans) at any time and from time to time without penalty or premium upon not less than 5 3 Business Days prior written notice to the Administrative Agent of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction and shall be irrevocable once given and effective only upon receipt by the Administrative Agent; provided, however, (i) no reduction provided that unless otherwise in connection with Borrower’s payment in full of the Revolving Commitments shall be permitted if such reduction would result Obligations in a violation cash and termination of Section 2.16. and (ii) if the Commitments, the Borrower seeks to shall not voluntarily reduce the aggregate Revolving Commitments to an aggregate amount of the Revolving Commitments below less than $150,000,000, then the Revolving Commitments, the L/C Commitment and the Swingline Commitment shall all automatically and permanently be reduced to zero30,000,000 at any time. The Administrative Agent will promptly transmit such notice to each Revolving Lender and Term Lender. The Revolving Commitments, once terminated or reduced reduced, may not be increased or reinstated.

Voluntary Reductions of the Revolving Commitments. The Subject to Section 2.15., the Borrower shall have the right to terminate or reduce the aggregate unused amount of the Revolving Commitments (for which purpose use of the Revolving Commitments shall be deemed to include the aggregate amount of Letter of Credit Liabilities and the aggregate principal amount of all outstanding Swingline Loans and Bid Rate Loans) at any time and from time to time without penalty or premium upon not less than 5 3 Business Days prior written notice to the Administrative Agent of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction and shall be irrevocable once given and effective only upon receipt by the Administrative Agent; provided, however, (i) no reduction of the Revolving Commitments shall be permitted if such reduction would result in a violation of Section 2.16. and (ii) if the Borrower seeks to reduce the aggregate amount of the Revolving Commitments below $150,000,000100,000,000, then the Revolving Commitments, the L/C Commitment and the Swingline Commitment Commitments shall all automatically and permanently be reduced to zero. The Administrative Agent will promptly transmit such notice to each Revolving Lender and Term Lender. The Revolving Commitments, once terminated or reduced may not be increased or reinstated.