Common use of Voluntary Revolving Commitment Reductions Clause in Contracts

Voluntary Revolving Commitment Reductions. (i) Borrower may, in its sole discretion, upon not less than two Business Days’ (or such shorter period as is acceptable to Administrative Agent) prior written or telephonic notice promptly confirmed by delivery of written notice thereof to Administrative Agent, at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, if applicable, the Revolving Commitments; provided that any such partial reduction of the Revolving Commitments shall be in an aggregate minimum amount of $250,000.

Voluntary Revolving Commitment Reductions. (i) The Borrower may, in its sole discretion, upon not less than two three Business Days’ (or such shorter period as is acceptable to Administrative Agent) prior written or telephonic notice promptly confirmed by delivery of written notice thereof to the Administrative AgentAgent (which original written notice the Administrative Agent will promptly transmit to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, if applicable, the Revolving CommitmentsCommitments in an amount up to the amount by which the Revolving Commitments exceed the Total Utilization of Revolving Commitments at the time of such proposed termination or reduction; provided that provided, any such partial reduction of the Revolving Commitments shall be in an aggregate minimum amount of $250,0005,000,000 and integral multiples of $1,000,000 in excess of that amount.

Voluntary Revolving Commitment Reductions. (i) Borrower may, in its sole discretion, upon not less than two three Business Days’ (or such shorter period as is acceptable to Administrative Agent) prior written or telephonic notice promptly confirmed by delivery of written notice thereof in writing to Administrative AgentAgent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, if applicable, the Revolving CommitmentsCommitments in an amount up to the amount by which the Revolving Commitments exceed the Total Utilization at the time of such proposed termination or reduction; provided that that, any such partial reduction of the Revolving Commitments shall be in an aggregate minimum amount of $250,0001,000,000 and integral multiples of $1,000,000 in excess of that amount.