Reduction of the Commitment. The Borrower may, upon at least two (2) Business Days’ notice to the Deal Agent and each Lender, terminate in whole or reduce in part the portion of the Aggregate Commitments that exceeds the Aggregate Loan Amount; provided, however, that each partial reduction of the Aggregate Commitments shall be in an aggregate amount equal to $1,000,000 or an integral multiple thereof; and provided, further, however, that any such partial reduction shall effect a ratable reduction of the Commitment of each Lender. Each notice of reduction or termination pursuant to this Section 2.5 shall be irrevocable.
Reduction of the Commitment. The Borrower shall have the right, upon at least thirty (30) Business Days' notice to the Agent, to terminate in whole or reduce in part the Aggregate Commitment by an amount not exceeding the Unused Commitment, each such reduction to be allocated among the unused portions of the Advance Commitment and the Letter of Credit Commitment, as the Borrower shall specify, in accordance with each Lender's Pro Rata Share thereof; provided, however, that each partial reduction shall be in the amount of $1,000,000 and in integral multiples of $1,000,000 in excess of that amount.
Reduction of the Commitment. The Borrower shall have the right, upon at least three (3) Business Days’ notice to the Lender, to terminate in whole or reduce in part the unused portion of the Commitment, without premium or penalty; provided, that each partial reduction shall be in the minimum aggregate amount of $100,000 and an integral multiple of $100,000 and that such reduction shall not reduce the Commitments to an amount less than the amount of Loans outstanding on the effective date of the reduction. The Commitment shall terminate in whole immediately upon any Prepayment Trigger.
Reduction of the Commitment. (a) The Commitments shall automatically and permanently be reduced to $0 upon the making of the Advances on the Effective Date.
Reduction of the Commitment. (a) The Borrower shall have the right, upon at least three Business Days' notice to the Lender, to terminate in whole or reduce in part the unused portions of the Commitment, PROVIDED that the aggregate amount of the Commitment shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding and PROVIDED, FURTHER, that each partial reduction of the Commitment shall be in the aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof.
Reduction of the Commitment. (i) 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 portion of the Commitment; provided that each partial reduction shall be in the aggregate amount of $3,000,000 or in integral multiples of $1,000,000 in excess thereof.
Reduction of the Commitment. 3.2.1 The amount of the Commitment shall, solely for the purpose of any future draw down and provided that no draw down has been made until that time, be irrevocably reduced by:
Reduction of the Commitment. 1. Upon the occurrence of a Change in Control, then, in such event the Lender may, at its sole option upon written notice to the Borrower (a "Termination Notice"), declare the obligation of the Lender to make Advances to be terminated, whereupon the same shall forthwith terminate and the Commitment shall reduce to zero.
Reduction of the Commitment. The Borrower may, at any time upon written notice to the Subordinated Lender and written consent of the Senior Lenders, reduce in part or terminate in whole the Commitment. Notwithstanding any other provision of this Agreement, on the Commitment Termination Date, the Commitment shall automatically and permanently terminate.
Reduction of the Commitment. Effective March 26, 2002, the Commitment is reduced to $400,000,000.
