Common use of Optional Commitment Reductions Clause in Contracts

Optional Commitment Reductions. (a) Upon at least three Business Days' prior notice from an Authorized Representative of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that any partial reduction pursuant to this Section 3.02(a) shall be in an amount of at least $5,000,000 or, if greater, in integral multiples of $1,000,000. Each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.

Optional Commitment Reductions. (a) Upon at least three Business Days' ’ prior notice from an Authorized Representative of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that any partial reduction pursuant to this Section 3.02(a4.02(a) shall be in an amount of at least $5,000,000 or, if greater, in integral multiples of $1,000,000. Each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.

Optional Commitment Reductions. (a) Upon at least three Business Days' prior notice from an Authorized Representative of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized CommitmentRevolving Commitment in whole or reduce it in part, provided that any partial reduction pursuant to this Section 3.02(a) shall be ), in an amount of at least $5,000,000 or, if greater, in integral multiples multiple of $1,000,000. Each 10,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Commitment of each Lender.

Optional Commitment Reductions. (a) Upon at least three Business Days' ’ prior notice from an Authorized Representative of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that any partial reduction pursuant to this Section 3.02(a3.024.02(a) shall be in an amount of at least $5,000,000 or, if greater, in integral multiples of $1,000,000. Each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.

Optional Commitment Reductions. (a) Upon at least three Business Days' prior notice from an Authorized Representative a Responsible Officer of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized CommitmentCommitment in whole or reduce it in part, provided that any partial reduction pursuant to this Section 3.02(a) shall be ), in an amount of at least $5,000,000 or, if greater, in integral multiples multiple of $1,000,000. Each 5,000,000, provided that each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.

Optional Commitment Reductions. (a) (a) Upon at least three Business Days' ’ prior notice from an Authorized Representative of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that any partial reduction pursuant to this Section 3.02(a4.02(a) shall be in an amount of at least $5,000,000 or, if greater, in integral multiples of $1,000,000. Each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.

Optional Commitment Reductions. (a) Upon at least three Business Days' ------------------------------ prior notice from an Authorized Representative of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized CommitmentCommitment in whole or reduce it in part, provided that any partial reduction pursuant to this Section 3.02(a) shall be ), in an amount of at least $5,000,000 or, if greater, in integral multiples multiple of $1,000,000. Each 10,000,000, provided that each such reduction shall apply proportionately to permanently -------- reduce the Commitment of each Lender.

Optional Commitment Reductions. (a) Upon at least three Business Days' ’ prior notice from an Authorized Representative of the Borrower to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate or partially reduce the Total Unutilized Commitment, provided that any partial reduction pursuant to this Section 3.02(a) shall be in an amount of at least $5,000,000 or, if greater, in integral multiples of $1,000,000. Each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender.