Common use of CapEx Commitment Clause in Contracts

CapEx Commitment. The Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce in part the CapEx Commitments; provided that each partial reduction shall be in a minimum amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof. Furthermore, on the CapEx Commitment Termination Date, each Lender’s CapEx Commitment shall be reduced to zero. Any reduction or termination of the CapEx Commitments pursuant to this Section 2.1(c)(ii)(B) shall be applied ratably to each Lender’s CapEx Commitment and shall be permanent, with no obligation of the Lenders to reinstate such CapEx Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the CapEx Commitments, as so reduced.