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

Reduction or Termination of the Commitments. The Company may from time to time prior to the Termination Date on at least three Business Days' prior written notice given by an Authorized Person to any Bank permanently reduce the amount of such Bank's Commitment to an amount not less than the aggregate unpaid principal amount of the Loans made by such Bank then outstanding. Any such reduction shall be in an aggregate amount of not less than 1,000,000 U.S. Dollars, or such lesser amount of such Bank's Unused Amount then remaining.