Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than one (1) Business Day prior written or telephonic notice received by the Agent, reduce the Commitment, with any such reduction in a minimum amount of $500,000 or an integral multiple thereof. In the event that the Loans are being refinanced, any such notice may be made contingent upon the closing of such refinancing. Upon any reduction in the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than one (1) Business Day prior written notice to the Agent, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks hereunder. All payment described in this Section is subject to the provisions of Section 2.6. Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated if Letters of Credit are outstanding (unless the Borrower has provided cash collateral or a backstop letter of credit issued by a financial institution reasonably satisfactory to the Agent, or otherwise entered into an alternative arrangement reasonably satisfactory to the Agent with respect to any outstanding Letters of Credit).
Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 Business Days prior written or telephonic notice received by the Agent, reduce the Commitment, with any such reduction in a minimum amount of $500,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans plus the Letter of Credit Obligations exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 Business Days prior written notice to the Agent, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks hereunder. All payment described in this Section is subject to the provisions of Section 2.6. Notwithstanding the foregoing, the Commitment may not be reduced to an amount below outstanding Letter of Credit Obligations, or terminated if Letters of Credit are outstanding
Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than three Business Days prior written or telephonic notice received by the Agent (which shall promptly notify the Banks), reduce the total Commitments. Any such reduction shall be in a minimum amount of $1,000,000 or an integral multiple thereof and shall be applied to reduce each Bank's Commitment ratably in accordance with the Banks' respective Percentage. Upon any reduction in the Commitments pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans plus the Letter of Credit Obligations exceeds the Commitments as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than three Business Days prior written notice to the Agent, terminate the Commitments in their entirety. Upon termination of the Commitments pursuant to this Section, the Borrower shall pay to the Agent for the account of the Banks the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Banks hereunder, and shall deliver cash collateral to be held in accordance with SECTION 10.4 in respect of all outstanding Letters of Credit. All payments described in this Section are subject to the provisions of SECTION 2.6.
Optional Reduction or Termination of Commitment. The Borrowers may, at any time, upon no less than three Business Days' prior written notice to the Bank, reduce the Commitment, with any such reduction in a minimum amount of $1,000,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section, the Borrowers shall pay to the Bank the amount, if any, by which the aggregate unpaid principal amount of outstanding Advances exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrowers may, at any time, upon not less than three Business Days' prior written notice to the Bank, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrowers shall pay to the Bank the full amount of all outstanding Advances, all accrued and unpaid interest thereon, and all other unpaid obligations of the Borrowers to the Bank hereunder.
Optional Reduction or Termination of Commitment. The Borrower shall have the right to terminate in whole or reduce in part the amount of the unused Commitment from time to time, without premium or penalty; provided, that (i) the Borrower gives the Bank at least five (5) Business Days' prior written notice of such reduction, specifying the date that such reduction will be effective, (ii) each reduction shall be in an amount of $500,000 or a greater integral multiple of $100,000 and (iii) any such termination or reduction shall be permanent and the Borrower shall have no right thereafter to reinstate or increase, as the case may be, the Commitment.
Optional Reduction or Termination of Commitment. The Borrower may, at any time prior to the Borrowing Date, upon no less than 2 Business Days prior written or telephonic notice received by the Agent, reduce the Commitment, with any such reduction in a minimum amount of $500,000 or an integral multiple thereof. The Borrower may, at any time prior to the Borrowing Date, upon not less than 2 Business Days prior written notice to the Agent, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Agent for the account of the Initial Bank the full amount of all unpaid Commitment Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Agent and Initial Bank hereunder. All payment described in this Section is subject to the provisions of Section 2.6.
Optional Reduction or Termination of Commitment. The Company may at ----------------------------------------------- any time and from time to time upon at least three (3) Business Days' prior notice to each of the Lenders reduce the Aggregate Commitment or terminate it in its entirety, without penalty or premium, provided that the amount of any such reduction shall be in the amount of $2,000,000 or an integral multiple of $500,000 in excess thereof. Such notice of reduction may be in writing or by telecopy or by telephone if promptly confirmed in writing. From the effective date of any such reduction or termination, the obligation of the Company to pay any subsequent installment of the Unused Commitment Fee under Section 2.5(b) shall thereupon correspondingly be reduced or cease.
Optional Reduction or Termination of Commitment. The Company may at any time and from time to time upon at least three (3) Business Days' prior notice to the Bank reduce or terminate in its entirety the Revolving Credit Commitment, without penalty or premium except as provided in Section 4.9; provided that the aggregate amount of any such reduction shall be in the amount of One Million Dollars ($1,000,000) or an integral multiple of One Million Dollars ($1,000,000) in excess thereof. Such notice of reduction may be in writing or by telephone if promptly confirmed in writing. From the effective date of any such reduction or termination, the obligations of the Company to pay the unused commitment fee under Section 4.2 will thereupon correspondingly be reduced or cease.
Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than five Business Days’ prior written notice received by the Bank, reduce the Commitment, with any such reduction in a minimum amount of $1,000,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section 4.4 the Borrower shall pay to the Bank the amount, if any, by which the unpaid principal amount of the outstanding Loan plus the Letter of Credit Obligations exceeds the Commitment as so
Optional Reduction or Termination of Commitment. The Borrower may, at any time, upon no less than 2 Business Days prior written or telephonic notice received by the Bank, reduce the Commitment, with any such reduction in a minimum amount of $500,000 or an integral multiple thereof. Upon any reduction in the Commitment pursuant to this Section, the Borrower shall pay to the Bank the amount, if any, by which the aggregate unpaid principal amount of outstanding Loans exceeds the Commitment as so reduced. Amounts so paid cannot be reborrowed. The Borrower may, at any time, upon not less than 2 Business Days prior written notice to the Bank, terminate the Commitment in its entirety. Upon termination of the Commitment pursuant to this Section, the Borrower shall pay to the Bank the full amount of all outstanding Loans, all accrued and unpaid interest thereon, all unpaid Utilization and Facility Fees accrued to the date of such termination and all other unpaid obligations of the Borrower to the Bank hereunder. All payment described in this Section is subject to the provisions of Section 3.5.
