Common use of Reduction of Revolving Credit Facility Clause in Contracts

Reduction of Revolving Credit Facility. (i) The Borrowers shall have the right, at any time and from time to time, upon at least 30 days' prior irrevocable, written notice to the Administrative Agent, to terminate or reduce permanently all or a portion of the Revolving Credit Facility, without premium or penalty; PROVIDED, HOWEVER, that any such partial reduction of such facility shall be not less than $200,000 and shall not reduce the Revolving Credit Facility below the amount of the aggregate Letter of Credit Obligations. As of the date of termination or reduction set forth in such notice, the Revolving Credit Facility shall be permanently reduced to the amount stated in the Borrowers' notice for all purposes herein, and the Borrowers shall pay the amount necessary to reduce the amount of the outstanding 62 71 Revolving Credit Loans to an amount not greater than the Revolving Credit Facility as so reduced, together with accrued interest on the amounts so prepaid.

Reduction of Revolving Credit Facility. (i) The Borrowers shall have the right, at any time and from time to time, upon at least 30 daysfive Business Days' prior irrevocable, written notice to the Administrative Agent, to terminate or reduce permanently all or a portion of the Revolving Credit Facility, without premium or penalty; PROVIDED, HOWEVER, that any such partial reduction of such facility shall be not less than $200,000 1,000,000 or a larger integral multiple thereof and shall not reduce the Revolving Credit Facility below the amount of the aggregate Letter of Credit Obligations. As of the date of termination or reduction set forth in such notice, the Revolving Credit Facility shall be permanently reduced to the amount stated in the Borrowers' notice for all purposes herein, and the Borrowers shall pay the amount necessary to reduce the amount of the aggregate outstanding 62 71 Revolving Credit Loans, Swingline Loans and Letter of Credit Obligations to an amount not greater than the Revolving Credit Facility as so reduced, together with accrued interest on the amounts so prepaidprepaid and any amount payable pursuant to SECTION 5.11.

Reduction of Revolving Credit Facility. (i) The Borrowers shall have the right, at any time and from time to time, upon at least 30 days' prior irrevocable, written notice to the Administrative Agent, to terminate or reduce permanently all or a portion of the Revolving Credit Facility, without premium or penalty; PROVIDED, HOWEVER, that any such partial reduction of such facility shall be made in increments of not less than $200,000 1,000,000 and shall not reduce the Revolving Credit Facility below the amount of the aggregate Letter of Credit ObligationsReserve plus any additional Reserves. As of the date of termination or reduction set forth in such notice, the Revolving Credit Facility shall be permanently reduced to the amount stated in the Borrowers' notice for all purposes herein, and the Borrowers shall pay the amount necessary to reduce the amount of the outstanding 62 71 Revolving Credit Loans to an amount not greater than outstanding under the Revolving Credit Facility as so reduced, together with accrued interest on the amounts so prepaid.. The Agent shall notify the Lenders promptly