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

Termination or Reduction of the Commitments. (a) AEP 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 Available Commitments, provided that (i) each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such termination or reduction shall be made that would reduce the aggregate Commitments to an amount less than the Outstanding Credits on the date of such termination or reduction. (b) The Commitments shall automatically terminate on the Termination Date. (c) Once terminated, a Commitment, or any portion thereof, may not be reinstated.

Termination or Reduction of the Commitments. (a) AEP 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 Available Commitments, provided that (i) each partial reduction shall be in the aggregate a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such termination or reduction shall be made that would reduce the aggregate Commitments to an amount less than the Outstanding Credits on the date of such termination or reduction. (b) The Commitments shall automatically terminate be terminated on the latest Termination Date. (c) Once terminated, neither a Commitment, or Commitment nor any portion thereof, thereof may not be reinstated.

Termination or Reduction of the Commitments. (a) AEP 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 Available Commitments, Commitments in an amount up to the amount by which the Commitments exceed the aggregate principal amount of all outstanding Advances at the time of such proposed termination or reduction; provided that (i) each partial reduction shall be in the aggregate a minimum amount of $5,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such termination or reduction shall be made that would reduce the aggregate Commitments to an amount less than the Outstanding Credits on the date of such termination or reductionthereof. (b) The Commitments Commitment of each Lender shall automatically terminate terminate, if not previously terminated under the terms hereof, on the Termination Date. (c) Once terminated, neither a Commitment, or Commitment nor any portion thereof, thereof may not be reinstated.

Termination or Reduction of the Commitments. (a) AEP 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 Available Commitments, provided that (i) each partial reduction shall be in the aggregate amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such termination or reduction shall be made that would reduce the aggregate Commitments to an amount less than the Outstanding Credits on the date of such termination or reduction. (b) The Commitments shall automatically terminate be terminated on the Termination Date. (c) Once terminated, a Commitment, Commitment or any portion thereof, thereof may not be reinstated.