Common use of Optional Termination or Reduction of Commitments Clause in Contracts

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amount.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding AmountCommitments.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters the aggregate Exposures of Credit or LC Reimbursement Obligations are outstanding all Banks shall be zero at the time of such time termination, or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate Exposures of all Banks.

Optional Termination or Reduction of Commitments. (a) The Borrower Company may, without premium or penalty, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding Bank has an Outstanding Committed Amount at such time or (ii) ratably reduce the Commitments from time to time time, in each case by an aggregate amount of at least $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amount.15,000,000; provided that immediately after such reduction:

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce the Commitments from time to time by an aggregate amount of $5,000,000 or any a larger multiple of $1,000,000thereof. Promptly after receiving a notice pursuant to this subsection, the aggregate amount Agent shall notify each Bank of the Commitments in excess of the Total Outstanding Amountcontents thereof.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters the aggregate Exposures of Credit or LC Reimbursement Obligations are outstanding all Banks shall be zero at the time of such time termination, or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate Exposures of all Banks.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative AgentAgent (which shall promptly notify the Banks), (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000thereof, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate outstanding principal amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters Letter of Credit or LC Reimbursement Obligations Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 25,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amount.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time time, or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 25,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate outstanding principal amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The Borrower At any time prior to the Termination Date, the Borrowers may, upon at least three Base Rate Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments in full at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time time, or (ii) ratably reduce from time to time by (A) an aggregate amount of $5,000,000 or 25,000,000, (B) any larger multiple of $1,000,00025,000,000 or (C) the full amount thereof, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate outstanding principal amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding AmountCommitments.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Business Days’ notice to the Administrative Agent, Company may (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) upon at least three Domestic Business Days’ notice to the Administrative Agent, ratably reduce from time to time by an aggregate amount of $5,000,000 50,000,000 or any larger multiple of $1,000,000thereof, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate outstanding principal Dollar Amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The ------------------------------------------------ Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 10,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate outstanding principal amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters the aggregate Exposures of Credit or LC Reimbursement Obligations are outstanding all Banks shall be zero at the time of such time termination, or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amount.aggregate Exposures of all Banks..

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three two Domestic Business Days’ ' irrevocable notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 10,000,000 or any a larger multiple of $1,000,000, 1,000,000 the aggregate amount of the Commitments in excess of the Total Outstanding AmountDollar Amount of the aggregate outstanding principal amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The Borrower may, without premium or penalty, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding Bank has an Outstanding Committed Amount at such time or (ii) ratably reduce the Commitments from time to time time, in each case by an aggregate amount of at least $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amount.25,000,000; provided that immediately after such reduction:

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters Letter of Credit or LC Reimbursement Obligations Liabilities are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amount.

Optional Termination or Reduction of Commitments. (a) The Borrower may, upon at least three Domestic Business Days’ ' prior irrevocable written notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 10,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate outstanding principal amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The Prior to ------------------------------------------------ the Disbursement Date, the Borrower may, upon at least three Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or any a larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amountaggregate outstanding principal amount of the Loans.

Optional Termination or Reduction of Commitments. (a) The Borrower may, without premium or penalty, upon at least three Domestic Business Days’ ' notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans or Letters of Credit or LC Reimbursement Obligations are outstanding Bank has an Outstanding Committed Amount at such time or (ii) ratably reduce the Commitments from time to time time, in each case by an aggregate amount of at least $5,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in excess of the Total Outstanding Amount.15,000,000; provided that immediately after such reduction: