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

Termination Reduction or Increase of the Commitments. (a) --------------------------------------------------------- Termination or Reduction. The Borrower shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided -------- that (i) each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof, (ii) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding and (iii) once terminated, a Commitment may not be reinstated except as provided in Section 2.05(b).