Voluntary Termination or Reduction of Revolving Commitments. The Borrower may, upon not less than three Business Days’ prior notice to the Agent (which notice may be conditioned upon the consummation of replacement financing), terminate the Revolving Commitments, or permanently reduce the Aggregate Revolving Commitment by $2,000,000 or any higher integral multiple of $1,000,000; provided that the Aggregate Revolving Commitment shall not be reduced to an amount less than the Total Revolving Usage. Once reduced in accordance with this Section 2.07, the Aggregate Revolving Commitment may not be increased. Any reduction of the Aggregate Revolving Commitment shall be applied to reduce the Revolving Commitment of each Revolving Lender according to its Applicable Percentage.
Voluntary Termination or Reduction of Revolving Commitments. (a) The Company may, upon not less than five Business Days’ prior notice to the Agent (which notice may be conditioned upon the consummation of replacement financing), terminate the Revolving Commitments, or permanently reduce the Aggregate Revolving Commitment by $10,000,000 or any higher integral multiple of $1,000,000; provided that the Aggregate Revolving Commitment shall not be reduced to an amount less than the Total Revolving Usage. Once reduced in accordance with this subsection (a), the Aggregate Revolving Commitment may not be increased, except as provided in Section 2.20. Any reduction of the Aggregate Revolving Commitment shall be applied to reduce the Revolving Commitment of each Revolving Lender according to its Revolving Percentage.
(b) At no time shall the sum of the Swing Line Commitment and the Fronted Offshore Currency Commitments exceed the Aggregate Revolving Commitment, and any reduction of the Aggregate Revolving Commitment which reduces the Aggregate Revolving Commitment below the then-current sum of the Swing Line Commitment and the Fronted Offshore Currency Commitments shall result in an automatic corresponding reduction of the Swing Line Commitment and/or the Fronted Offshore Currency Commitments (as specified by the Company or, in the absence of such specification, pro rata according to the amounts thereof) so that the sum thereof is equal to the Aggregate Revolving Commitment, as so reduced. At no time shall the sum of the Swing Line Commitment plus any Fronted Offshore Currency Commitment of any Lender exceed the Revolving Commitment of such Lender, and any reduction of the Aggregate Revolving Commitment which reduces the Revolving Commitment of such Lender below the then-current sum of the Swing Line Commitment plus the Fronted Offshore Currency Commitment of such Lender shall result in an automatic corresponding reduction of the Swing Line Commitment and the Fronted Offshore Currency Commitment of such Lender, on a ratable basis, to the amount of the Revolving Commitment of such Lender, as so reduced, without any action on the part of such Lender.
Voluntary Termination or Reduction of Revolving Commitments. The Companies, acting jointly, may, upon not less than five Business Days' prior notice to the Agent, permanently terminate the Revolving Commitments, or permanently reduce the Revolving Commitments by (a) an aggregate minimum Dollar Equivalent Amount of $5,000,000 or any Dollar Equivalent Amount multiple of $1,000,000 in excess thereof or (b) such other amount as represents the entire unused amount of Revolving Commitments; unless, after giving effect thereto and to any prepayments of Revolving Loans made on the effective date thereof, (a) the Dollar Equivalent Amount of the principal amount of the Revolving Loans, Bid Loans and Swing Line Outstandings, and the Dollar Equivalent Amount of the Effective Amount of Sublimit L/C Obligations then outstanding would exceed the amount of the combined Revolving Commitments then in effect, or (b) the Dollar Equivalent Amount of the Effective Amount of all Sublimit L/C Obligations then outstanding would exceed the Sublimit L/C Commitment. Once reduced in accordance with this Section, the Revolving Commitments may not be increased. Any reduction of the Revolving Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued commitment fees to, but not including, the effective date of any reduction or termination of Revolving Commitments, shall be paid on the effective date of such reduction or termination. The Agent shall promptly notify each Bank of the Agent's receipt of and the contents of any notice received by it pursuant to this Section 2.8.
Voluntary Termination or Reduction of Revolving Commitments. The Company may, upon not less than five (5) Business Days' prior notice to the Agent, terminate the Revolving Commitments, or permanently reduce the Revolving Commitments by an aggregate amount of Five Million Dollars ($5,000,000) or any multiple of One Million Dollars ($1,000,000) in excess thereof; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Revolving Commitments then in effect. Each reduction of the combined Revolving Commitments under this Section 2.05 shall reduce the Revolving Commitment then in effect and shall reduce each future maximum aggregate Revolving Commitment amount as set forth on Schedule 2.01 by a like amount. Once reduced in accordance with this Section, the Revolving Commitments may not be increased. Any reduction of the Revolving Commitments shall be applied to each Lender according to its Pro Rata Share. All accrued Commitment Fees to, but not including the effective date of any reduction or termination of Revolving Commitments, shall be paid on the effective date of such reduction or termination.
Voluntary Termination or Reduction of Revolving Commitments. Subject to Section 5.5, the Borrower may, upon not less than five (5) Business Days' irrevocable prior written notice to the Administrative Agent (which shall promptly advise each Bank thereof), terminate the Revolving Commitments or permanently reduce the Revolving Commitments by an aggregate minimum amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then outstanding principal amount of the Loans would exceed the amount of the aggregate Revolving Commitments then in effect (less the Borrower's aggregate outstanding commercial paper). Once reduced in accordance with this Section, the Revolving Commitments, to the extent terminated or permanently reduced, may not be increased. Any reduction of the Revolving Commitments shall be applied to each Bank's Revolving Commitment, pro rata, according to its Percentage.
Voluntary Termination or Reduction of Revolving Commitments. The Borrowers may, upon not less than three Business Days' prior notice to the Administrative Agent (which shall give notice thereof to the Lending Parties) by the Borrower Representative on behalf of the Borrowers, terminate the Revolving Commitments, or permanently reduce the Revolving Commitments in a Minimum Amount; unless, after giving effect thereto and to any prepayments of relevant Loans made on the effective date thereof, the Effective Amount of all outstanding Revolving Loans (including for purposes hereof the Swingline Loans) plus the Effective Amount of all outstanding Letter of Credit Obligations would exceed the amount of the Revolving Commitments then in effect. Once reduced in accordance with this Section 2.5, the Revolving Commitments may not be increased. Any reduction of the Revolving Commitments shall be applied to each Revolving Lender according to its Pro Rata Share. All accrued commitment fees to the effective date of any reduction or termination of the Revolving Commitments shall be paid on the effective date of such reduction or termination.
Voluntary Termination or Reduction of Revolving Commitments. The Company may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that (i) each reduction of the Revolving Commitments shall be ratable as between the US Revolving Commitment and the Multicurrency Revolving Commitment and shall be in an amount that is $3,000,000 or a larger multiple of $500,000 and (ii) the Company shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Revolving Commitments.
Voluntary Termination or Reduction of Revolving Commitments. The Company may, upon not less than three Business Days' prior notice to the Agent, terminate the Revolving Commitment, or permanently reduce the Revolving Commitment by an aggregate amount of $1,000,000 or a higher integral multiple of $500,000; unless, after giving effect thereto and to any prepayments of Loans made on the effective date thereof, the aggregate principal amount of all Revolving Loans plus the Effective Amount of all L/C Obligations would exceed the amount of the Revolving Commitment then in effect. Once reduced in accordance with this Section, the Revolving Commitment may not be increased. Any reduction of the Revolving Commitment shall be applied to each Lender according to its Revolving Percentage.
Voluntary Termination or Reduction of Revolving Commitments. The Company may, upon not less than three Business Days' prior notice to the Agent (which shall give notice thereof to the Lending Parties), terminate the Revolving Commitments, or permanently reduce the Revolving Commitments by an aggregate minimum amount of $5,000,000 or any multiple of $1,000,000 in excess thereof; unless, after giving effect thereto and to any prepayments of relevant Loans made on the effective date thereof, the Effective Amount of all outstanding Revolving Loans (including for purposes hereof the Swingline Loans and Alternate Currency Loans) plus the Effective Amount of all outstanding Letter of Credit Obligations minus the lesser of (x) the Effective Amount of all Alternate Currency Loans supported by Alternate Currency Standby Letters of Credit and (y) the Effective Amount of all Letter of Credit Obligations with respect to Alternate Currency Standby Letters of Credit, would exceed the amount of the Revolving Commitments then in effect. Once reduced in accordance with this Section 2.5, the Revolving Commitments may not be increased. Any reduction of the Revolving Commitments shall be applied to each Revolving Lender according to its Revolver Pro Rata Share. All accrued commitment fees to the effective date of any reduction or termination of the Revolving Commitments shall be paid on the effective date of such reduction or termination.
Voluntary Termination or Reduction of Revolving Commitments. The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments ratably among each Class; provided that (i) each reduction of Revolving Commitments pursuant to this Section 2.07(b) shall be in a minimum amount of at least $1,000,000 (or an amount less than $1,000,000 if the Revolving Commitments are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Revolving Commitments of a Class if, after giving effect to any concurrent prepayment of the Revolving Loans of such Class in accordance with Section 2.09, the total Revolving Credit Exposures of such Class would exceed the total Revolving Commitments of such Class.
