Common use of Changes of Commitments Clause in Contracts

Changes of Commitments. (a) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Amounts at any time, or from time to time, upon not less than thirty (30) days’ prior notice to the Administrative Agent (who shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) or any whole multiple of One Million Dollars ($1,000,000) in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (b) The Aggregate Maximum Revolver Amounts, once terminated or reduced, may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time. (b) Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, or from time to time, upon not less than thirty three (303) daysBusiness Days’ prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 250,000 or any whole multiple of One Million Dollars ($1,000,000) 100,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts or (ii) the Borrowing Base as determined from time to time. (b) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, time or from time to time, time upon not less than thirty three (303) days’ Business Days' prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 500,000 or any whole multiple of One Million Dollars ($1,000,000) 500,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) hereof. (b) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, time or from time to time, time upon not less than thirty three (303) days’ Business Days' prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 5,000,000 or any whole multiple of One Million Dollars ($1,000,000) 1,000,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time. (b) Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Revolving Credit Amounts at any time, or from time to time, upon not less than thirty three (303) days’ Business Days prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 1,000,000 or any whole multiple of One Million Dollars ($1,000,000) 500,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Revolving Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time. (b) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, or from time to time, upon not less than thirty three (303) days’ Business Days' prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 1,000,000 or any whole multiple of One Million Dollars ($1,000,000) 1,000,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Sections 2.03(b) or (ii) the Borrowing Base as determined from time to time. (b) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, time or from time to time, time upon not less than thirty three (303) days’ Business Days' prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 2,000,000 or any whole multiple of One Million Dollars ($1,000,000) 1,000,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) hereof or (ii) the Borrowing Base as determined from time to time. (b) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, time or from time to time, time upon not less than thirty three (303) days’ Business Days' prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 5,000,000 or any whole multiple of One Million Dollars ($1,000,000) 1,000,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time. (b) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, or from time to time, upon not less than thirty three (303) days’ Business Days' prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 5,000,000 or any whole multiple of One Million Dollars ($1,000,000) 500,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts, after adjustments resulting from reductions pursuant to Sections 2.03(b), or (ii) the Borrowing Base as determined from time to time. (b) The Borrower shall have the right to terminate or to reduce the amount of the Aggregate Maximum Revolver Credit Amounts at any time, time or from time to time, time upon not less than thirty three (303) days’ Business Days prior notice to the Administrative Agent (who which shall promptly notify the Lenders) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction (which shall not be less than Three Million Dollars ($3,000,000) 5,000,000 or any whole multiple of One Million Dollars ($1,000,000) 1,000,000 in excess thereof, and no more than an amount by which the Aggregate Maximum Revolver Amounts would be less than the aggregate outstanding principal amount of the Loans plus the LC Exposure) and shall be irrevocable and effective only upon receipt by the Administrative Agent. (bc) The Aggregate Maximum Revolver Amounts, Credit Amounts once terminated or reduced, reduced may not be reinstated.