Common use of Voluntary Commitment Reductions Clause in Contracts

Voluntary Commitment Reductions. The Borrowers may, upon not less than three Business Days’ prior written notice to the Administrative Agent (which such notice the Administrative Agent will promptly transmit by telefacsimile or e-mail to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount. The Borrowers’ notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (i) Borrower may, upon not less than three (3) Business Days’ prior written or telephonic notice promptly confirmed by delivery of written notice thereof to the Administrative Agent (which such original written notice the Administrative Agent will promptly transmit by telefacsimile facsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments Aggregate Availability at the time of such proposed termination or reduction; provided, provided that any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 2,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. The Borrowers’ . (ii) Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower’s notice and shall reduce the Revolving Credit Commitment Commitments of each Lender and/or Issuing Bank proportionately to its Pro Rata Share thereof; provided, provided that such commitment termination or reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (i) Borrower may, upon not less than three Business Days’ prior written or telephonic notice promptly confirmed by delivery of written notice thereof to the Administrative Agent (which such original written notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 1,000,000 and integral multiples of $100,000 500,000 in excess of that amount. The Borrowers’ . (ii) Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower’s notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (i) Borrower Representative may, upon not less than three (3) Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent (which such notice the and Administrative Agent will promptly transmit by telefacsimile or e-mail to notify each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Loan Commitments in an amount up to the amount by which the Revolving Credit Loan Commitments exceed the Total Utilization of Revolving Credit Loan Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Loan Commitments shall be in an aggregate minimum amount of $500,000 10,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. The Borrowers’ . (ii) Borrower Representative’s notice to the Administrative Agent (which notice shall be irrevocable) shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Loan Commitments shall be effective on the date specified in the Borrowers’ Borrower Representative’s notice and shall reduce the Revolving Credit Loan Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. (i) The Borrowers Borrower may, upon not less than three (3) Business Days’ prior written notice confirmed in writing to the Administrative Agent (which such original written notice the Administrative Agent will shall promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, provided that any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 2,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. . (ii) The Borrowers’ Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower’s notice and shall reduce the Revolving Credit Commitment Commitments of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment . Any reduction notice may be conditioned on in the occurrence Commitments shall not reduce the amount of any subsequent event (including a Change of Control or refinancing transaction)the Facility Fee payable under Section 2.12.

Voluntary Commitment Reductions. (i) The Borrowers Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile facsimile or e-mail telephone promptly confirmed in writing to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments Total Commitment in an amount up to the amount by which the Revolving Credit Commitments exceed Total Commitment exceeds the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments Total Commitment shall be in an aggregate minimum amount of $500,000 1,000,000 and integral multiples of $100,000 500,000 in excess of that amount. . (ii) The Borrowers’ Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments Total Commitment shall be effective on the date specified in the Borrowers’ Borrower’s notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).its

Voluntary Commitment Reductions. The (i) Borrowers may, upon not less than three one Business Days’ Day’s prior written or telephonic notice promptly confirmed by delivery of written notice thereof to the Administrative Agent (which such written notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 500,000 in excess of that amount. The . (ii) Borrowers’ notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers BorrowersBorrower may, upon not less than three Business Days’ prior written notice to the Administrative Agent (which such notice the Administrative Agent will promptly transmit by telefacsimile or e-mail to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount. The Borrowers’ Borrowers’Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrowers’Borrower’s notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (i) [Intentionally Omitted]. (ii) Company may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile facsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, part the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reductionTerm Loan B Commitments; provided, provided any such partial reduction of the Revolving Credit Term Loan B Commitments shall be in an aggregate minimum amount of $500,000 5,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. The Borrowers’ . (iii) Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Term Loan B Commitments shall be effective on the date specified in the Borrowers’ Company's notice and shall reduce the Revolving Credit Commitment Term Loan B Commitment, as applicable, of each Lender proportionately to its Pro Rata Share thereof; provided, provided that any such commitment reduction notice may be conditioned on upon the occurrence effectiveness of any subsequent event (including a Change other credit facilities or other debt or equity offerings, in which case such notice may be revoked by Company prior to the anticipated date of Control such termination or refinancing transaction)reduction if such condition is not satisfied.

Voluntary Commitment Reductions. The Borrowers (i) Borrower may, upon not less than three two (2) Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent Agents (which such original written or telephonic notice the Administrative Agent Agents will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 5,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. The Borrowers’ . (ii) Borrower's notice to the Administrative Agent Agents shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower's notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The (i) Borrowers may, upon not less than three Business Days’ prior written notice to the Administrative Agent (which such written notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 1,000,000 and integral multiples of $100,000 500,000 in excess of that amount. The . (ii) Borrowers’ notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, that such commitment reduction notice may state that it is conditioned upon the effectiveness of other transactions, in which case such notice may be conditioned revoked or delayed by Borrowers (by notice to Administrative Agent on or prior to the occurrence of any subsequent event (including a Change of Control or refinancing transaction)specified effective date) if such condition is not satisfied.

Voluntary Commitment Reductions. The Borrowers (i) Borrower may, upon not less than three one Business Days’ Day’s prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 1,000,000 and integral multiples of $100,000 in excess of that amount. The Borrowers’ . (ii) Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower’s notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. (i) The Borrowers Company may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile CREDIT AND GUARANTY AGREEMENT EXECUTION or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 5,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. . (ii) The Borrowers’ Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Company's notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (a) Lead Borrower may, upon not less than three Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 250,000 and integral multiples of $100,000 in excess of that amount. The Borrowers’ . (b) Lead Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower’s notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (i) Borrower may, upon not less than three (3) Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 1,000,000 and integral multiples of $100,000 250,000 in excess of that amount. The Borrowers’ . (ii) Borrower’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower’s notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (i) Company may, upon not less than three (3) Business Days’ prior written notice (which may be given by telefacsimile or electronic mail) or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, part (i) the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction, or (ii) any unused portion of the Term Loan Commitments; provided, any such partial reduction of the Revolving Credit Commitments and the Term Loan Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount. The Borrowers’ . (ii) Company’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Company’s notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers (i) Borrower may, upon not less than three Business Days’ ' prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile or e-mail telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; providedprovided that, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 1,000,000 and integral multiples of $100,000 1,000,000 in excess of that amount. The Borrowers’ . (ii) Borrower's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower's notice and shall reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).

Voluntary Commitment Reductions. The Borrowers may, upon not less than three (3) Business Days’ prior written or telephonic notice confirmed in writing to the Administrative Agent (which such original written or telephonic notice the Administrative Agent will promptly transmit by telefacsimile or telefacsimile, e-mail or telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Commitments exceed the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Credit Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount. The Borrowers’ Borrower Representative’s notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments shall be effective on the date specified in the Borrowers’ Borrower Representative’s notice and shall (subject to Section 2.22(d)) reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof; provided, such commitment reduction notice may be conditioned on the occurrence of any subsequent event (including a Change of Control or refinancing transaction).