Common use of Terminations or Reductions of Commitments Clause in Contracts

Terminations or Reductions of Commitments. (a) Voluntary Commitment Reduction. Without premium or penalty, and upon giving not less than five Business Days prior written and irrevocable notice to Administrative Agent, Borrowers may terminate in whole or in part the unused portion of the Revolver Commitment, the Swing Line Commitment, or the commitment under the LC Subfacility; provided that: (i) each partial termination of the Revolver Commitment shall be in an amount of not less than $25,000,000 or a greater integral multiple of $5,000,000; each partial termination of the Swing Line Commitment or the commitment under the LC Subfacility shall be in an amount of not less than $5,000,000 or a greater integral multiple of $1,000,000; and (ii) on any date of determination, the amount of the Revolver Commitment may not be reduced below the Revolver Commitment Usage, the Swing Line Commitment may not be reduced below the Swing Line Principal Debt, and the commitment under the LC Subfacility may not be reduced below the LC Exposure unless the mandatory prepayment required by SECTION 3.3(b) (if any) is made contemporaneously with such reduction. At the time of any commitment termination under this SECTION 2.5, Borrowers shall pay to Administrative Agent, for the account of each Lender, any amounts that may then be due under SECTION 3.3(b), all accrued and unpaid fees then due and payable under this Agreement, the interest attributable to the amount of that reduction, and any related Consequential Loss. Any part of the Revolver Commitment, the Swing Line Commitment, or the commitment under the LC Subfacility that is terminated may not be reinstated.

Terminations or Reductions of Commitments. (a) Voluntary Commitment ReductionVOLUNTARY COMMITMENT REDUCTIONS. Without premium or penalty, and upon giving not less than five three Business Days prior written and irrevocable notice to Administrative Agent, Borrowers Borrower may terminate in whole or in part the unused portion of the Revolver Commitment, the Swing Line Commitment, or the commitment under the LC SubfacilitySubfacility commitment; provided that: (i) each partial termination of the Revolver Commitment shall be in an amount of not less than $25,000,000 5,000,000 or a greater integral multiple of $5,000,0001,000,000; each partial termination of the Swing Line Commitment Subfacility or the commitment under the LC Subfacility shall be in an amount of not less than $5,000,000 500,000 or a greater integral multiple of $1,000,000250,000; and (ii) on any date of determination, the amount of the Revolver Commitment may not be reduced below the Revolver Commitment Usage, ; the Swing Line Commitment may not be reduced below the Swing Line Principal Debt, ; and the commitment under the LC Subfacility may shall not be reduced below the LC Exposure unless the mandatory prepayment required by SECTION 3.3(b) (if any) is made contemporaneously with such reductionExposure. At the time of any commitment termination under this SECTION 2.5Revolver Commitment termination, Borrowers Borrower shall pay to Administrative Agent, for the account of each Revolver Lender, as applicable, any amounts that may then be due under SECTION 3.3(b3.3(c), all accrued and unpaid fees then due and payable under this Agreement, the interest attributable to the amount of that reduction, and any related Consequential Loss. Any part of the Revolver Commitment, the Swing Line Commitment, or the commitment under the LC Subfacility Commitment that is terminated may not be reinstated.