Common use of Commitment Termination or Reduction Clause in Contracts

Commitment Termination or Reduction. The Borrower shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the Commitments of either or both of the Tranches, provided, that each partial reduction shall be in a minimum aggregate amount, as to each Tranche, of $5,000,000. Once terminated or reduced, the Commitments may not be reinstated.