Common use of Voluntary Commitment Reduction Clause in Contracts

Voluntary Commitment Reduction. Company shall have the right from time to time upon notice by Company to Administrative Agent not later than 1:00 p.m., five Business Days in advance, to reduce the Commitment, in whole or in part; provided, however, that Company shall pay the accrued and unpaid Commitment Fee on the amount of such reduction, if any, and any partial reduction shall be in an aggregate amount which is not less than $1,000,000 and an integral multiple of $500,000. Such notice shall specify the amount of reduction and the proposed date of such reduction.

Voluntary Commitment Reduction. Company shall have the right from time to time upon notice by Company to Administrative Agent Lender not later than 1:00 p.m., five Business Days in advance, to reduce the Commitment, in whole or in part; provided, however, that Company shall pay the accrued and unpaid Commitment Fee on the amount of such reduction, if any, and any partial reduction shall be in an aggregate amount which is not less than $1,000,000 and an integral multiple of $500,000. Such notice shall specify the amount of reduction and the proposed date of such reduction.

Voluntary Commitment Reduction. Company shall have the right from time to time upon notice by Company to Administrative Agent not later than 1:00 p.m., five Business Days in advance, to reduce the Commitment, in whole or in part; provided, however, that Company shall pay the accrued and unpaid Commitment Fee on the amount of such reduction, if any, and any partial reduction shall be in an aggregate amount which is not less than $1,000,000 and an integral multiple -28- of $500,000. Such notice shall specify the amount of reduction and the proposed date of such reduction.

Voluntary Commitment Reduction. The Company shall have the right from time to time upon notice by the Company to the Administrative Agent not later than 1:00 p.m., five Business Days in advance, to reduce the Commitment, in whole or in part; provided, however, that the Company shall pay the accrued and unpaid Commitment Fee commitment fee on the amount of such reduction, if any, and any partial reduction shall be in an aggregate amount which is not less than $1,000,000 and an integral multiple of $500,000. Such notice shall specify the amount of reduction and the proposed date of such reduction.