Voluntary Reduction or Termination of the Commitments. The Company may at any time prior to the making of the Loans, on at least two Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Bank thereof), permanently reduce the Commitment Amount by an amount not less than $10,000,000 or a higher integral multiple of $1,000,000. Once reduced pursuant to this Section, no Commitment may be increased. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
Voluntary Reduction or Termination of the Commitments. The Borrower may from time to time prior to the Termination Date on at least three (3) Business Days' prior written or telephonic notice (promptly confirmed in writing) received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the amount of the Commitments (such reduction to be pro rata among the Lenders according to their respective Percentages) to an amount not less than the aggregate unpaid principal amount of the Loans then outstanding. Any such reduction shall be in an aggregate amount of $2,000,000 or an integral multiples of $500,000 in excess thereof. The Borrower may at any time on at least thirty (30) Business Days' prior written notice permanently terminate the Commitments upon payment in full of the Loans (and any fees or interest accrued thereon) and all other Liabilities.
Voluntary Reduction or Termination of the Commitments. The Company may from time to time on at least two Business Days’ prior written notice received by the Agent (which shall promptly advise each Bank thereof) permanently reduce (i) the Revolving Commitment Amount to an amount not less than the Revolving Outstandings or (ii) the Line of Credit Commitment Amount to an amount not less than the Line of Credit Outstandings. Any such reduction shall be in an amount not less than $3,000,000 or a higher integral multiple of $500,000. Concurrently with any reduction of the Revolving Commitment Amount or the Line of Credit Commitment Amount, the Company shall pay all interest on the applicable Loans, all applicable facility fees and, in the case of any reduction of the Revolving Commitment Amount, all Letter of Credit Fees.
Voluntary Reduction or Termination of the Commitments. The Company may from time to time on at least five Business Days' prior written notice received by the Administrative Agent (which shall promptly advise each Bank thereof) permanently reduce the Commitment Amount to an amount not less than the Total Outstandings. Any such reduction shall be in an amount not less than $10,000,000 or a higher integral multiple of $1,000,000. The Company may at any time on like notice terminate the Commitments upon payment in full of all Revolving Loans and Swing Line Loans and all other obligations of the Company hereunder in respect of such Loans and cash collateralization in full, pursuant to documentation in form and substance reasonably satisfactory to the applicable Issuing Banks, of all obligations arising with respect to the Letters of Credit. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
Voluntary Reduction or Termination of the Commitments. Borrower may from time to time on at least three Business Days' prior written notice received by the Agent (which shall promptly advise each Bank thereof) permanently reduce the amount of the Aggregate Commitment in respect of any Facility to an amount not less than the Aggregate Outstanding Credit Exposure for such Facility. Any such reduction shall be in an amount of at least $5,000,000 or in a larger integral multiple of $1,000,000 and shall be pro rata among the Banks holding Commitments in such Facility. Borrower may at any time on like notice terminate the Commitments upon payment in full of all Loans and all other Obligations of Borrower under the Financing Documents and Cash Collateralization in full of the Letters of Credit.
Voluntary Reduction or Termination of the Commitments. The Borrower may from time to time on at least three (3) Business Days' prior written or telegraphic notice received by the Administrative Agent (which shall promptly advise each Lender thereof) permanently reduce the Commitment Amount or the Letter of Credit Commitment Amount (such reduction to be made PRO RATA among the Lenders according to their respective Percentages) but only upon repayment of the amount, if any, by which the aggregate outstandings under such facility exceeds the then reduced Commitment Amount in accordance with SECTION 5.7; PROVIDED, HOWEVER, that (i) if as a result thereof, the Borrower shall prepay Eurodollar Loans on any day other than the last day of the relevant Eurodollar Interest Period for such Eurodollar Loans then it shall also pay any loss or expense pursuant to SECTION 4.14 and (ii) any permanent reduction shall be in a minimum principal amount of $5,000,000 and in integral multiples of $100,000. The Borrower may at any time on like notice, terminate all of the Commitments upon payment in full of the Notes, all other Obligations with respect to the Loans and all Letter of Credit Liabilities (including, without limitation, all increased costs pursuant to SECTION 2.6, breakage fees pursuant to SECTION 4.14 and all other fees, costs and expenses) owing under this Agreement. Additionally, any election by the Borrower to reduce the Total Committed Amount pursuant to SECTION 2.7(C)(I), (II) or (III) shall be deemed to be a permanent reduction of the Total Committed Amount and the Commitment Amount (such reduction to be made among the Accepting Lenders and the Reduced Declining Lenders according to such SECTION 2.7(C)(I), (II) or (III), as the case may be).
Voluntary Reduction or Termination of the Commitments. (7) The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Bank thereof) permanently reduce the Commitment Amount to an amount not less than the Total Outstandings. Any such reduction shall be in an amount not less than $10,000,000 or a higher integral multiple of $1,000,000; provided that the Commitment Amount may not be reduced to an amount that is less than the sum of (i) the outstanding Dollar Equivalent principal amount of Revolving Loans and Swing Line Loans (after giving effect to any concurrent prepayment thereof), and (ii) the Stated Amount of all Letters of Credit. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
Voluntary Reduction or Termination of the Commitments. The Borrower may from time to time on at least three Business Days' prior written notice received by the Administrative Agent (which shall promptly advise each Bank thereof) permanently reduce the amount of the Aggregate Commitment in respect of any Facility to an amount not less than the Aggregate Outstanding Credit Exposure for such Facility. Any such reduction shall be in an amount of at least $5,000,000 or in a larger integral multiple of $1,000,000 and shall be pro rata among the Banks holding Commitments in such Facility. The Borrower may at any time on like notice terminate the Commitments upon payment in full of all Loans and all other Obligations of the Borrower under the Financing Documents and Cash Collateralization in full of the Letters of Credit. If, after giving effect to any reduction of the Aggregate Commitment for Facility A, the LC Sublimit or the Swing Line Commitment exceeds the amount of the Aggregate Commitment for Facility A, the LC Sublimit or the Swing Line Commitment, as applicable, shall be automatically reduced by the amount of such excess.
Voluntary Reduction or Termination of the Commitments. The Company may from time to time on at least five Business Days’ prior written notice received by the Administrative Agent (which shall promptly advise each Bank thereof) permanently reduce the Commitment Amount to an amount not less than the Total Outstandings. Any such reduction shall be in an amount not less than $10,000,000 or a higher integral multiple of $1,000,000; provided that the Commitment Amount may not be reduced to an amount that is less than the sum of (i) the outstanding principal amount of Revolving Loans and Swing Line Loans (after giving effect to any concurrent prepayment thereof), (ii) the unused portion of the Swing Line Commitment, (iii) the aggregate amount of Fronted Offshore Currency Commitments and (iv) the Stated Amount of all Letters of Credit. The Company may at any time on like notice terminate the Commitments upon payment in full of all Revolving Loans and Swing Line Loans and all other obligations of the Company hereunder in respect of such Loans and Cash Collateralization in full or the provision of other Backup Support, pursuant to documentation in form and substance reasonably satisfactory to the Issuing Bank, of all obligations arising with respect to the Letters of Credit. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
Voluntary Reduction or Termination of the Commitments. The Company may from time to time on at least five Business Days' prior written notice received by the Agent (which shall promptly advise each Bank thereof) permanently reduce the Commitment Amount to an amount not less than the Total Outstandings. Any such reduction shall be in an amount not less than $5,000,000 or a higher integral multiple of $1,000,000. The Company may at any time on like notice terminate the Commitments upon payment in full of all Loans and all other obligations of the Company hereunder and cash collateralization in full, pursuant to documentation in form and substance reasonably satisfactory to the Banks, of all obligations arising with respect to the Letters of Credit.
