Termination and Reduction in Commitment Sample Clauses

Termination and Reduction in Commitment. (i) The Borrowers may permanently reduce the Revolving Commitments and any unused Term Loan Commitments in whole, or in part ratably among the Lenders in a minimum amount of $5,000,000, upon at least three (3) Business Days’ prior written notice to the Administrative Agent of such reduction, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Revolving Commitment may not be reduced below the Dollar Amount of the Aggregate Revolving Outstanding Credit Exposure. All accrued Facility Fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Credit Extensions hereunder. (ii) Unless previously terminated, (i) the unused Term Loan Commitments shall terminate at 3:00 p.m. (New York City time) on the date on which the Term Loan Availability Period expires or, if earlier, immediately after the fourth (4nd) funding of any Term Loans hereunder and (ii) all other Commitments shall terminate on the Facility Termination Date.