Common use of Voluntary Termination or Reduction of Total Unutilized Revolving Loan Commitment Clause in Contracts

Voluntary Termination or Reduction of Total Unutilized Revolving Loan Commitment. (a) Upon at least two Business Days' prior written notice (or telephonic notice promptly confirmed in writing) to the Agent at the Notice Office (which notice the Agent shall promptly transmit to each of the Lenders), the Borrowers shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Revolving Loan Commitment; provided that (x) any such termination or partial reduction shall apply to proportionately and permanently reduce the Revolving Loan Commitment of each of the Lenders and (y) any partial reduction pursuant to this Section 3.02(a) shall be in the amount of at least $1,000,000.

Voluntary Termination or Reduction of Total Unutilized Revolving Loan Commitment. (a) Upon at least two Business Days' prior written notice (or telephonic notice promptly confirmed in writing) to the Agent at the its Notice Office (which notice the Agent shall promptly transmit to each of the Lenders), the Borrowers Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Revolving Loan Commitment; , provided that (x) any such termination or partial reduction shall apply to proportionately and permanently reduce the Revolving Loan Commitment of each of the Lenders and (y) any partial reduction pursuant to this Section 3.02(a) 3.2 shall be in the amount of at least $1,000,000500,000 and in integral multiples of $100,000 in excess thereof.

Voluntary Termination or Reduction of Total Unutilized Revolving Loan Commitment. (a) Upon at least two three Business Days' prior written notice (or telephonic telephone notice promptly confirmed in writing) to the Agent at the its Notice Office (which notice the Agent shall promptly transmit to each of the LendersBanks), the Borrowers Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Revolving Loan Commitment; , provided that (x) any such termination or partial reduction shall apply to proportionately and permanently reduce the Revolving Loan Commitment of each of the Lenders Banks, and (y) any partial reduction pursuant to this Section 3.02(a) shall be in the amount integral multiples of at least $1,000,000.

Voluntary Termination or Reduction of Total Unutilized Revolving Loan Commitment. (a) Upon at least two Business Days' prior written notice (or telephonic notice promptly confirmed in writing) to the Agent at the its Notice Office (which notice the Agent shall promptly transmit to each of the LendersBanks), the Borrowers Borrower shall have the right, without premium or penalty, to terminate or partially reduce the Total Unutilized Revolving Loan Commitment; provided that (x) any such termination or partial reduction shall apply to proportionately and permanently reduce the Revolving Loan Commitment of each of the Lenders Banks and (y) any partial reduction pursuant to this Section 3.02(a) shall be in the amount of at least $1,000,000.