Common use of Voluntary Termination or Reduction of Unutilized Commitments Clause in Contracts

Voluntary Termination or Reduction of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or reduce the unutilized Total Commitment, in whole or in part, in a minimum amount of $5,000,000 and in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.

Voluntary Termination or Reduction of Unutilized Commitments. (a) Upon at least three Business Days’ prior written notice to the Administrative Agent at its the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, penalty (except as provided in Section 3.01(b)) to terminate the Total Unutilized Commitment in whole, or reduce the unutilized Total Commitment, in whole or it in part, pursuant to this Section 3.02, in a minimum amount an integral multiple of $5,000,000 and in integral multiples of $1,000,000 in the case of partial reductions thereto, to the Total Unutilized Commitment; provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.

Voluntary Termination or Reduction of Unutilized Commitments. (a) Upon at least three Business Days’ prior notice from an Authorized Officer of the Borrowers to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the unutilized Total Unutilized Revolving Loan Commitment or Total Unutilized Acquisition Loan Commitment, in whole or in part, in provided that (i) any such termination or partial reduction shall apply to proportionately and permanently reduce the Revolving Loan Commitment or the Acquisition Loan Commitment, as applicable, of each Lender with such a minimum amount of $5,000,000 Commitment and (ii) any partial reduction pursuant to this Section 4.2(a) shall be in integral multiples of $1,000,000 in the case of partial reductions thereto, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender1,000,000.