Common use of Voluntary Reduction of Commitment Clause in Contracts

Voluntary Reduction of Commitment. Upon giving Administrative Agent prior written notice of at least five (5) Business Days, Borrowers at any time and from time to time may reduce the Term Loan Commitment in multiples of $100,000. On the effective date of any such reduction, a prepayment must be made to the extent required under Section 1.1.6.5.b. Any such reduction in the Term Loan Commitment will be permanent, and such Commitment cannot thereafter be increased without the written consent of Lenders.

Voluntary Reduction of Commitment. Upon giving Administrative Agent prior written notice of at least five ten (510) Business Days, Borrowers at any time and from time to time may reduce the Term Loan Line of Credit Commitment in multiples of $100,000. On the effective date of any such reduction, a prepayment must be made to the extent required under Section 1.1.6.5.b1.1.6.5.b hereof. Any such reduction in the Term Loan Line of Credit Commitment will be permanent, and AND such Commitment cannot thereafter be increased without the written consent of Lenders.

Voluntary Reduction of Commitment. Upon giving Administrative Agent prior written notice of at least five ten (510) Business Days, Borrowers at any time and from time to time may reduce the Term Loan Commitment in multiples of $100,000. On the effective date of any such reduction, a prepayment must be made to the extent required under Section 1.1.6.5.b. Any such reduction in the Term Loan Commitment will be permanent, and such Commitment cannot thereafter be increased without the written consent of Lenders.

Voluntary Reduction of Commitment. Upon giving Administrative Agent prior written notice of at least five (5) Business Days, Borrowers Borrower at any time and from time to time may reduce the Term Loan Line of Credit Commitment in multiples of $100,000. On the effective date of any such reduction, a prepayment must be made to the extent required under Section 1.1.6.5.b500,000. Any such reduction in the Term Loan Line of Credit Commitment will be permanent, and such Commitment cannot thereafter be increased without the written consent of Lenders.

Voluntary Reduction of Commitment. Upon giving Administrative Agent and each Line Lender prior written notice of at least five (5) 5 Business Days, Borrowers at any time and from time to time may reduce the Term Loan Line of Credit Commitment in multiples of $100,000500,000. On the effective date of any such reduction, a prepayment must be made to the extent required under Section 1.1.6.5.b1.2.6.5.b. Any such reduction in the Term Loan Line of Credit Commitment will be permanent, and such Commitment cannot thereafter be increased without the written consent of Administrative Agent and Lenders.