Common use of Voluntary Termination and Reduction of the Total Commitment Clause in Contracts

Voluntary Termination and Reduction of the Total Commitment. (a) Subject to Section 2.11. The Borrower may permanently terminate, or from time to time in part permanently reduce, the Total Commitment upon at least five (5) Business Days' prior irrevocable written or telecopy notice (or telephone notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Banks). Such notice shall specify the date and the amount of the termination or reduction of the Total Commitment. Each partial reduction of the Total Commitment shall be in a minimum aggregate principal amount of $5,000,000 and in integral multiples of $1,000,000 (or a lesser amount equal to the excess of the Total Commitment over the sum of the Utilized Credit).

Voluntary Termination and Reduction of the Total Commitment. (a) Subject to Section 2.11. The 2.13, Borrower may permanently terminate, or from time ------------ to time in part permanently reduce, the Total Commitment upon at least five (5) Business Days' prior irrevocable written or telecopy notice (or telephone notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Banks). Such notice shall specify the date and the amount of the termination or reduction of the Total Commitment. Each partial reduction of the Total Commitment shall be in a minimum aggregate principal amount of $5,000,000 and in integral multiples of $1,000,000 (or a lesser amount equal to the excess of the Total Commitment over the sum of the Utilized Creditaggregate principal amount of all Loans outstanding).

Voluntary Termination and Reduction of the Total Commitment. (a) Subject to Section 2.11. The Borrower may permanently terminate, or from time to time in part permanently reduce, the Total Commitment upon at least five (5) Business Days' prior irrevocable written or telecopy notice (or telephone notice promptly confirmed in writing) to the Agent (which notice the Agent shall promptly transmit to each of the Banks). Such notice shall specify the date and the amount of the termination or reduction of the Total Commitment. Each partial reduction of the Total Commitment shall be in a minimum aggregate principal amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 (or a lesser amount equal to the excess of the Total Commitment over the sum of the Utilized Credit)1,000,000.