Common use of Voluntary Reduction or Termination of Revolving Loan Commitment Clause in Contracts

Voluntary Reduction or Termination of Revolving Loan Commitment. Borrower may from time to time on at least five Business Days' prior written notice received by Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Loan Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $1,000,000 or a higher integral multiple of $500,000. Concurrently with any reduction of the Revolving Loan Commitment to zero, Borrower shall pay all interest on the Revolving Loans, all commitment fees and all letter of credit fees and shall cash collateralize in full all Obligations arising with respect to the Letters of Credit in a manner acceptable to Agent.

Voluntary Reduction or Termination of Revolving Loan Commitment. Borrower may from time to time on at least five two Business Days' ’ prior written notice received by Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Loan Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $1,000,000 or a higher integral multiple of $500,000. Concurrently with any reduction of the Revolving Loan Commitment to zero, Borrower shall pay all interest on the Revolving Loans, all commitment fees and all letter of credit fees and shall cash collateralize in full all Obligations arising with respect to the Letters of Credit in a manner acceptable to Agent.

Voluntary Reduction or Termination of Revolving Loan Commitment. Borrower may from time to time on at least five Business Days' prior written notice received by to Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Loan Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $1,000,000 500,000 or a higher integral multiple of $500,000100,000. Concurrently with any reduction of the Revolving Loan Commitment to zero, Borrower shall pay all interest on the Revolving Loans, all commitment fees and all letter of credit fees and shall cash collateralize in full all Obligations arising with respect to the Letters of Credit in a manner acceptable to Agent.

Voluntary Reduction or Termination of Revolving Loan Commitment. Borrower Borrowers may from time to time time, after the Term A Loan has been Paid in Full and on at least five Business Days' ’ prior written notice received by Agent (which shall promptly advise each Lender thereof) ), permanently reduce the Revolving Loan Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $1,000,000 or a higher integral multiple of $500,000. Concurrently with any reduction of the Revolving Loan Commitment to zero, Borrower Borrowers shall pay all interest on the Revolving Loans, all commitment fees and all letter of credit fees and shall cash collateralize in full all Obligations arising with respect to the Letters of Credit in a manner reasonably acceptable to Agent.

Voluntary Reduction or Termination of Revolving Loan Commitment. Borrower may from time to time on at least five three (3) Business Days' ’ prior written notice received by Agent (which shall promptly advise each Lender thereof) permanently reduce the Revolving Loan Commitment to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $1,000,000 or a higher integral multiple of $500,000. Concurrently with any reduction of the Revolving Loan Commitment to zero, Borrower shall pay all interest on the Revolving Loans, all commitment fees and all letter of credit fees and shall cash collateralize provide Letter of Credit Collateralization in full for all Obligations arising with respect to the Letters of Credit in a manner acceptable to AgentCredit.