Common use of Voluntary Termination/Reduction of Commitments Clause in Contracts

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) 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, without premium or penalty, to: (a) terminate the Total Commitment, provided that all outstanding Loans are contemporaneously prepaid in accordance with section 6.1; (b) terminate the Swing Line Revolving Commitment, provided that all outstanding Swing Line Revolving Loans are contemporaneously prepaid in accordance with section 6.1; (c) partially and permanently reduce the Unutilized Total General Revolving Commitment, provided that: (i) any such reduction shall apply to proportionately and permanently reduce the General Revolving Commitment of each of the Lenders; (ii) any partial reduction of the Unutilized Total General Revolving Commitment pursuant to this section 5.1(c) shall be in the amount of at least $5,000,000 (or, if greater, in integral multiples of $1,000,000); and (iii) after giving effect to any such partial reduction of the Unutilized Total General Revolving Commitment, the Total General Revolving Commitment then in effect shall exceed the Swing Line Revolving Commitment then in effect by at least $20,000,000; and/or (d) partially and permanently reduce the Unutilized Swing Line Revolving Commitment, provided that any partial reduction of the Unutilized Swing Line Revolving Commitment pursuant to this section 5.1(d) shall be in the amount of at least $1,000,000 (or, if greater, in integral multiples of $1,000,000).

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the affected Lenders), the Borrower shall have the right, without premium or penalty, to: (a) terminate the Total Commitment, provided PROVIDED that (i) all outstanding Loans are contemporaneously prepaid in accordance with section 6.15.1, and (ii) there is no LC Exposure for any Lender at such time; (b) terminate the Swing Line Revolving Commitment, provided PROVIDED that all outstanding Swing Line Revolving Loans are contemporaneously prepaid in accordance with section 6.15.1; (c) partially and permanently reduce the Unutilized Total General Revolving Commitment, provided that: PROVIDED that (i) any such reduction shall apply to proportionately and permanently reduce the General Revolving Commitment of each of the Lenders; and (ii) any partial reduction of the Unutilized Total General Revolving Commitment pursuant to this section 5.1(c4.2(b) shall be in the amount of at least $5,000,000 (or, if greater, in integral multiples of $1,000,000); and (iii) after giving effect to any such partial reduction of the Unutilized Total General Revolving Commitment, the Total General Revolving Commitment then in effect shall exceed the Swing Line Revolving Commitment then in effect by at least $20,000,00010,000,000; and/or (d) partially and permanently reduce the Unutilized Swing Line Revolving Commitment, provided PROVIDED that any partial reduction of the Unutilized Swing Line Revolving Commitment pursuant to this section 5.1(d4.2(d) shall be in the amount of at least $1,000,000 (or, if greater, in integral multiples of $1,000,000).

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' ’ prior written notice (or telephonic notice confirmed in writing) 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, without premium or penalty, to: (a) terminate the Total Commitment, provided that all outstanding Loans are contemporaneously prepaid in accordance with section 6.1; (b) terminate the Swing Line Revolving Commitment, provided that all outstanding Swing Line Revolving Loans are contemporaneously prepaid in accordance with section 6.1; (c) partially and permanently reduce the Unutilized Total General Revolving Commitment, provided that: (i) any such reduction shall apply to proportionately and permanently reduce the General Revolving Commitment of each of the Lenders; (ii) any partial reduction of the Unutilized Total General Revolving Commitment pursuant to this section 5.1(c) shall be in the amount of at least $5,000,000 (or, if greater, in integral multiples of $1,000,000); and (iii) after giving effect to any such partial reduction of the Unutilized Total General Revolving Commitment, the Total General Revolving Commitment then in effect shall exceed the Swing Line Revolving Commitment then in effect by at least $20,000,000; and/or (d) partially and permanently reduce the Unutilized Swing Line Revolving Commitment, provided that any partial reduction of the Unutilized Swing Line Revolving Commitment pursuant to this section 5.1(d) shall be in the amount of at least $1,000,000 (or, if greater, in integral multiples of $1,000,000).

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) 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, without premium or penalty, to: (a) terminate the Total Commitment, provided that all outstanding Loans are contemporaneously prepaid in accordance with section 6.1; (b) terminate the Swing Line General Revolving Commitment, provided that (i) the Swing Line Revolving Commitment is simultaneously terminated; and (ii) all outstanding General Revolving Loans and Swing Line Revolving Loans are contemporaneously prepaid in accordance with section 6.15.1; (b) terminate the Swing Line Commitment, provided that (i) the Total General Revolving Commitment is simultaneously terminated; and (ii) all outstanding Swing Line Revolving Loans and General Revolving Loans are contemporaneously prepaid in accordance with section 5.1; (c) partially and permanently reduce the Unutilized Total General Revolving Commitment, provided that: that (i) any such reduction shall apply to proportionately and permanently reduce the General Revolving Commitment of each of the affected Lenders; (ii) any partial reduction of the Unutilized Total General Revolving Commitment pursuant to this section 5.1(c4.2(c) shall be in the amount of at least $5,000,000 1,000,000 (or, if greater, in integral multiples of $1,000,000); and (iii) after giving effect to any such partial reduction of the Unutilized Total General Revolving Commitmentthereto, the remaining Total General Revolving Commitment then in effect shall exceed exceeds the Total Swing Line Revolving Commitment then in effect by at least $20,000,0005,000,000; and/or (d) partially and permanently reduce the Unutilized Swing Line Revolving Commitment, provided that any partial reduction of the Unutilized Swing Line Revolving Commitment pursuant to this section 5.1(d4.2(d) shall be in the amount of at least $1,000,000 500,000 (or, if greater, in integral multiples of $1,000,000100,000).