Common use of Acquisition Facility Commitments Clause in Contracts

Acquisition Facility Commitments. The Company may, upon notice to the Administrative Agent, terminate the Aggregate Acquisition Facility Commitments, or from time to time permanently reduce the Aggregate Acquisition Facility Commitments to an amount not less than the Outstanding Amount of the Acquisition Facility Letter of Credit issued pursuant to Section 2.03(a)(ii) (if any); provided that (1) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. three Business Days prior to the date of termination or reduction, and (2) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Acquisition Facility Commitments. Any reduction of the Aggregate Acquisition Facility Commitments shall be applied to the Acquisition Facility Commitment of each Lender according to its Applicable Percentage. All fees accrued with respect thereto until the effective date of any termination of the Aggregate Acquisition Facility Commitments shall be paid on the effective date of such termination.