Common use of Voluntary Reduction of Commitments Clause in Contracts

Voluntary Reduction of Commitments. Upon at least three Business Days prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) shall have the right at any time prior to the Signing Date and the making of the Loans hereunder, without premium or penalty, permanently to terminate or reduce the Commitments in whole or in part, provided that (a) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders and (b) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $5,000,000 and in integral multiples of $1,000,000 in excess thereof.

Voluntary Reduction of Commitments. Upon at least three two Business Days Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, on any day, to permanently to terminate or reduce the Commitments Total Commitment in whole or in part, ; provided that (ai) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders and Lenders, (bii) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $5,000,000 1,000,000, and in integral multiples (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $1,000,000 in excess thereof5,000,000.

Voluntary Reduction of Commitments. Upon at least three Business Days Days' prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, permanently to terminate or partially reduce the Commitments in whole or in partUnutilized Total Commitment, provided PROVIDED that (ai) any such reduction termination shall apply to proportionately and permanently to reduce the Commitment of each of the Lenders Lenders, and (bii) any partial reduction pursuant to this Section 4.2 section 3.2 shall be in the amount of at least $5,000,000 and (or, if greater, in increments which are integral multiples of $1,000,000 in excess thereof2,000,000).

Voluntary Reduction of Commitments. Upon at least three two Business Days Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, on any day, to permanently to terminate or reduce the Commitments in whole or in part, ; provided that (ai) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders and Lenders, (bii) any partial reduction pursuant to this Section 4.2 2.2. shall be in the amount of at least $5,000,000 1,000,000, and in integral multiples (iii) after giving effect to any such partial reduction of the aggregate Commitments, the aggregate Commitments shall be at least $1,000,000 in excess thereof5,000,000.

Voluntary Reduction of Commitments. Upon at least three two Business Days Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, on any day, to permanently to terminate or reduce the unused Commitments in whole or in part, ; provided that (ai) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders and Lenders, (bii) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $5,000,000 1,000,000 and in integral multiples (iii) after giving effect to any such partial reduction of the Total Commitment, the Total Commitment shall be at least $1,000,000 in excess thereof5,000,000.

Voluntary Reduction of Commitments. Upon at least three (3) Business Days Days' prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s 's Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, on any day, permanently to terminate or reduce the Commitments in whole or in part, ; provided that (a) any such reduction shall apply proportionately and permanently to reduce the Commitment Commitments of each of the Lenders and (b) any partial reduction pursuant to this Section 4.2 3.2 shall be in the amount of at least $5,000,000 and in integral multiples of $1,000,000 in excess thereof1.0 million.

Voluntary Reduction of Commitments. Upon at least three two Business Days Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, on any day, to permanently to terminate or reduce the Commitments in whole or in part, ; provided that (a) any such reduction shall apply proportionately and permanently to reduce the Commitment of each of the Lenders and (b) any partial reduction pursuant to this Section 4.2 4.1 shall be in the amount of at least $5,000,000 and in integral multiples of $1,000,000 in excess thereof1,000,000.

Voluntary Reduction of Commitments. Upon at least three (3) Business Days Days’ prior irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date partially and the making of the Loans hereunder, without premium or penalty, permanently to terminate or reduce the Commitments in whole or in partUnutilized Total Commitment, provided that that: (ai) any such reduction shall apply to proportionately and permanently to reduce the Commitment Commitments of each of the Lenders and Lenders; and (bii) any partial reduction of the Unutilized Commitment pursuant to this Section 4.2 2.09 shall be in the amount of at least $5,000,000 and 10,000,000 (or, if greater, in integral multiples of $1,000,000 in excess thereof10,000,000).

Voluntary Reduction of Commitments. Upon at least three Business Days Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Company (on behalf of each of the Borrowers) shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, permanently to terminate or reduce the Commitments terminate, in whole part or in partwhole, the Total Unutilized Commitment; provided that (ax) any such reduction termination shall apply to proportionately and permanently to reduce the Commitment of each of the Lenders Banks, and (by) any partial reduction pursuant to this Section 4.2 3.02 shall be in the amount of at least $5,000,000 and in integral multiples of $1,000,000 in excess thereof5,000,000.

Voluntary Reduction of Commitments. Upon at least three Business Days Days' prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, permanently to terminate or partially reduce the Commitments in whole or in partUnutilized Total Commitment, provided that (ai) any such reduction termination shall apply to proportionately and permanently to reduce the Commitment Commitment, if any, of each of the Lenders Lenders, and (bii) any partial reduction pursuant to this Section 4.2 section 3.2 shall be in the amount of at least $5,000,000 and 10,000,000 (or, if greater, in integral multiples of $1,000,000 in excess thereof1,000,000).

Voluntary Reduction of Commitments. Upon at least three one Business Days Day's prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at the Administrative Agent’s 's Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Company (on behalf of each of the Borrowers) Borrower shall have the right at any time prior to the Signing Date and the making of the Loans hereunderright, without premium or penalty, on any day, permanently to terminate or reduce the Commitments in whole or in part, provided that (a) any such reduction shall apply proportionately and permanently to reduce the Commitment Commitments of each of the Lenders Lenders, and (b) any partial reduction pursuant to this Section 4.2 shall be in the amount of at least $5,000,000 and in integral multiples of $1,000,000 in excess thereof1,000,000.