Common use of Voluntary Termination or Reduction of Commitment Clause in Contracts

Voluntary Termination or Reduction of Commitment. The Company may, upon not less than ninety (90) days' prior written notice to the Administrative Agent, terminate the Banks' commitment to make Loans to the Company or permanently reduce the Maximum Commitment Amount by a minimum amount of $1,000,000.00 or any multiple of $1,000,000.00 in excess thereof, unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the aggregate principal amount of the then-outstanding Loans would exceed the Borrowing Base at such time. Once reduced in accordance with this Section 2.6, the Maximum Commitment Amount may not be increased. Any reduction of the commitment amounts shall be applied to each Bank according to its Pro Rata Share. No commitment or extension fees paid prior to the effective date of any reduction of the Maximum Commitment Amount or termination of the Bank's commitment to make Loans to the Company shall be refunded.

Voluntary Termination or Reduction of Commitment. The Company may, upon not less than ninety (90) days' prior written notice to the Administrative Agent, terminate the Banks' commitment to make Loans to the Company Company, or permanently reduce the Maximum Commitment Amount by a minimum amount of $1,000,000.00 or any multiple of $1,000,000.00 in excess thereof; provided, unlesshowever, after giving effect thereto and that the Company shall reduce the Maximum Commitment Amount from time to any prepayments of Loans made on the effective date thereof, the aggregate principal amount of the then-outstanding Loans would time so as not to exceed the Borrowing Base at such time"Maximum Commitment Amount" under and as defined in the Secured Loan Agreement. Once reduced in accordance with this Section 2.62.5, the Maximum Commitment Amount may not be increased. Any reduction of the commitment amounts shall be applied to each Bank according to its Pro Rata Share. No commitment or extension fees paid prior to the effective date of any reduction of the Maximum Commitment Amount or termination of the Bank's commitment to make Loans to the Company shall be refunded.

Voluntary Termination or Reduction of Commitment. The Company may, upon not less than ninety (90) days' prior written notice to the Administrative Agent, terminate the Banks' commitment to make Loans to the Company Company, or permanently reduce the Maximum Commitment Amount by a minimum amount of $1,000,000.00 or any multiple of $1,000,000.00 in excess thereof; provided, unlesshowever, after giving effect thereto and that the Company shall reduce the Maximum Commitment Amount from time to any prepayments of Loans made on the effective date thereof, the aggregate principal amount of the then-outstanding Loans would time so as not to exceed the Borrowing Base at such time"Maximum Commitment Amount" under and as defined in the Secured Loan Agreement. Once reduced in accordance with this Section 2.6, the Maximum Commitment Amount may not be increased. Any reduction of the commitment amounts shall be applied to each Bank according to its Pro Rata Share. No commitment or extension fees paid prior to the effective date of any reduction of the Maximum Commitment Amount or termination of the Bank's commitment to make Loans to the Company shall be refunded.

Voluntary Termination or Reduction of Commitment. The Company may, upon not less than ninety (90) daysfive Business Days' prior written notice to the Administrative AgentAgent (which shall promptly notify each Bank thereof), terminate the Banks' commitment to make Loans to the Company Commitment, or permanently reduce the Maximum Commitment Amount by a an aggregate minimum amount of $1,000,000.00 5,000,000 or any multiple of $1,000,000.00 1,000,000 in excess thereof, ; unless, after giving effect thereto and to any prepayments of Revolving Loans made on the effective date thereof, the aggregate then-outstanding principal amount of the then-outstanding Revolving Loans would exceed the Borrowing Base at such timeamount of the Commitment then in effect. Once reduced in accordance with this Section 2.62.5, the Maximum Commitment Amount may not be increased. Any reduction of the commitment amounts Commitment shall be applied to each Bank according to its Pro Rata Share. No commitment or extension fees paid prior to the effective date of any reduction of the Maximum Commitment Amount or termination of the Bank's commitment to make Loans to the Company shall be refunded.