Common use of Termination or Reduction of Commitment Clause in Contracts

Termination or Reduction of Commitment. The Borrower shall have the right, upon at least three (3) Business Days’ notice to the Agent, to terminate in whole or reduce in part the unused portion of either the Revolving Credit Commitment or the Term Loan Commitment, provided that each partial reduction shall be in the amount of at least One Million Dollars ($1,000,000.00), and provided further no reduction shall be permitted if, after giving effect thereto, and to any prepayment made therewith, the outstanding and unpaid principal amount of the Revolving Credit Loans shall exceed the Revolving Credit Commitment or the outstanding and unpaid principal amount of the Term Loans shall exceed the Term Loan Commitment, as the case may be. Any reduction in part of the unused portion of either Commitment shall be made in the proportion that each Bank’s Commitment bears to the total amount of all Banks’ Commitments. The Commitments, once reduced or terminated, may not be reinstated. If the Revolving Credit Loan Commitment is terminated in its entirety, all accrued Availability Fees shall be due and payable immediately on the Termination Date. If the Revolving Credit Loan Commitment is reduced in part, Availability Fees shall thereafter be calculated on the unused portion of the Revolving Credit Loan Commitment as so reduced.

Termination or Reduction of Commitment. The Subject to the indemnity -------------------------------------- agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon at least not less than three (3) Business Days’ ' irrevocable notice to the Agent, to terminate in whole or reduce in part the unused portion of either the Total Revolving Credit Commitment or or, from time to time, to reduce the Term Loan amount of the Total Revolving Credit Commitment, provided that each partial (a) any such reduction (i) shall be in the minimum amount of at least One Million Dollars $1,000,000 or a multiple thereof, ($1,000,000.00)ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and provided further no reduction (iii) shall be permitted if, after giving effect thereto, and to any accompanied by prepayment made therewith, the outstanding and unpaid principal amount of the Revolving Credit Loans shall exceed outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Revolving Credit Commitment or Loans then outstanding exceed the outstanding and unpaid principal amount of the Term Loans shall exceed the Term Loan CommitmentTotal Revolving Credit Commitment as then reduced, as the case may be. Any reduction in part and (b) any such termination of the unused portion of either Total Revolving Credit Commitment shall be made accompanied by prepayment in the proportion that each Bank’s Commitment bears to the total amount of all Banks’ Commitments. The Commitments, once reduced or terminated, may not be reinstated. If the Revolving Credit Loan Commitment is terminated in its entirety, all accrued Availability Fees shall be due and payable immediately on the Termination Date. If the Revolving Credit Loan Commitment is reduced in part, Availability Fees shall thereafter be calculated on the unused portion full of the Revolving Credit Loan Commitment as so reducedLoans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder.

Termination or Reduction of Commitment. The Subject to the indemnity -------------------------------------- agreement with respect to LIBOR Rate Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon at least not less than three (3) Business Days’ ' irrevocable notice to the AgentAdministrative Agent (which shall promptly notify each of the Lenders), to terminate in whole or reduce in part the unused portion of either the Total Revolving Credit Commitment or or, from time to time, to reduce the Term Loan amount of the Total Revolving Credit Commitment, provided that each partial (a) any such reduction (i) shall be in the minimum amount of at least One Million Dollars $1,000,000 or a multiple thereof, ($1,000,000.00), and provided further no reduction ii) shall be permitted if, after giving effect thereto, and to any prepayment made therewith, reduce permanently the outstanding and unpaid principal amount of the Revolving Credit Loans shall exceed the Total Revolving Credit Commitment or then in effect, and (iii) shall be accompanied by prepayment of the outstanding and unpaid principal Loans outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed the amount of the Term Loans shall exceed the Term Loan CommitmentTotal Revolving Credit Commitment as then reduced, as the case may be. Any reduction in part and (b) any such termination of the unused portion of either Total Revolving Credit Commitment shall be made accompanied by prepayment in full of the proportion that each Bank’s Commitment bears Loans outstanding, together with accrued interest thereon to the total amount date of all Banks’ Commitments. The Commitmentsprepayment, once reduced or terminatedand the payment of any unpaid commitment fee then accrued hereunder, may not be reinstated. If and (c) no such reduction shall reduce the Total Revolving Credit Loan Commitment to an amount which is terminated in its entiretyless than the sum of the Letter of Credit Exposure plus the Acceptance Draft Exposure, all accrued Availability Fees and (d) no such termination shall be due and payable immediately on the Termination Date. If the Revolving effective if there is then any Letter of Credit Loan Commitment is reduced in part, Availability Fees shall thereafter be calculated on the unused portion of the Revolving Credit Loan Commitment as so reducedExposure or Acceptance Draft Exposure.

Termination or Reduction of Commitment. The Borrower Borrowers shall have the right, upon at least not less than three (3) Business Days’ ' prior notice to the AgentBank, to terminate in whole terminate, or reduce in part from time to time ratably reduce, the unused portion of either the Revolving Credit Commitment or the Term Loan Commitment, provided that each partial (a) any reduction shall be in accompanied by the ratable prepayment of the Note, together with accrued interest thereon to the date of such prepayment, to the extent, if any, that the aggregate unpaid principal amount thereof then outstanding (including for this purpose any Outstanding Letters of Credit Amounts) exceeds the amount of at least One Million Dollars the Commitment as then reduced, together with the payment of any unpaid Commitment Fee then accrued hereunder in respect of the Commitment, ($1,000,000.00), and provided further no reduction b) any termination shall be permitted if, after giving effect thereto, and to any accompanied by prepayment made therewith, in full of the outstanding and unpaid principal amount of the Revolving Note, together with accrued interest thereon to the date of such prepayment and the payment of any unpaid Commitment Fee then accrued hereunder in respect of the Commitment, and (c) no reduction or termination may in any event reduce the Commitment to an amount less than the Outstanding Letters of Credit Loans shall exceed Amounts plus the Revolving Credit Commitment or the outstanding and unpaid principal amount of any unmatured LIBOR Loans and Fixed Loans except to the Term Loans shall exceed the Term Loan Commitment, extent they can be and are prepaid as the case may beprovided in Section 2.16. Any such reduction in part of the unused portion of either Commitment shall be made in the proportion that each Bank’s Commitment bears to the total an aggregate amount of all Banks’ Commitments. The Commitments$500,000, once reduced or terminated, may not be reinstateda whole multiple thereof. If not terminated earlier, the Revolving Credit Loan Commitment is terminated in its entirety, all accrued Availability Fees shall be due and payable immediately automatically terminate on the Commitment Termination Date. If the Revolving Credit Loan Commitment is reduced in part, Availability Fees shall thereafter be calculated on the unused portion of the Revolving Credit Loan Commitment as so reduced.

Termination or Reduction of Commitment. The Subject to the indemnity agreement with respect to Eurodollar Loans set forth in Section 2.10(b) hereof, the Borrower shall have the right, upon at least not less than three (3) Business Days’ irrevocable notice to the AgentAdministrative Agent (which shall promptly notify each of the Lenders), to terminate in whole or reduce in part the unused portion of either the Total Revolving Credit Commitment or or, from time to time, to reduce the Term Loan amount of the Total Revolving Credit Commitment, provided that each partial (a) any such reduction (i) shall be in the minimum amount of at least One Million Dollars $1,000,000 or a multiple thereof, ($1,000,000.00)ii) shall reduce permanently the amount of the Total Revolving Credit Commitment then in effect, and provided further no reduction (iii) shall be permitted if, after giving effect thereto, and to any accompanied by prepayment made therewith, the outstanding and unpaid principal amount of the Revolving Credit Loans shall outstanding, together with accrued interest on the amount so prepaid to the dates of each such prepayment, to the extent, if any, that the Aggregate Outstandings exceed the amount of the Total Revolving Credit Commitment or the outstanding as then reduced, and unpaid principal amount (b) any such termination of the Term Loans shall exceed the Term Loan Commitment, as the case may be. Any reduction in part of the unused portion of either Total Revolving Credit Commitment shall be made accompanied by prepayment in the proportion that each Bank’s Commitment bears to the total amount of all Banks’ Commitments. The Commitments, once reduced or terminated, may not be reinstated. If the Revolving Credit Loan Commitment is terminated in its entirety, all accrued Availability Fees shall be due and payable immediately on the Termination Date. If the Revolving Credit Loan Commitment is reduced in part, Availability Fees shall thereafter be calculated on the unused portion full of the Revolving Credit Loan Loans outstanding, together with accrued interest thereon to the date of prepayment, and the payment of any unpaid commitment fee then accrued hereunder, and (c) no such reduction shall reduce the Total Revolving Credit Commitment as so reducedto an amount which is less than the Letter of Credit Exposure, and (d) no such termination shall be effective if there is then any Letter of Credit Exposure.