Common use of Voluntary Termination of Unutilized Commitments Clause in Contracts

Voluntary Termination of Unutilized Commitments. (a) Upon at least two Business Days' prior notice from an Authorized Representative of the Borrowers to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate the Total Unutilized Commitment, in whole or in part, in integral multiples of $1,000,000, provided that (i) each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender, and (ii) the reduction to the Total Unutilized Commitment shall in no case be in an amount which would cause the Commitment of any Lender to be reduced (as required by preceding clause (i)) by an amount which exceeds the remainder of (x) the Unutilized Commitment of such Lender as in effect immediately before giving effect to such reduction minus (y) such Lender's Percentage of the aggregate principal amount of Swingline Loans then outstanding.

Voluntary Termination of Unutilized Commitments. (a) Upon at least two Business Days' prior notice from an Authorized Representative of the Borrowers to the Administrative Agent at the its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrowers Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate the Total Unutilized Commitment, in whole or in part, in integral multiples of $1,000,0001,000,000 in the case of partial reductions to the Total Unutilized Commitment, provided that (i) each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender, Lender and (ii) the reduction to the Total Unutilized Commitment shall in no case be in an amount which would cause the Commitment of any Lender to be reduced (as required by preceding clause (i)) by an amount which exceeds the remainder of (x) the Unutilized Commitment of such Lender as in effect immediately before giving effect to such reduction minus (y) such Lender's Adjusted Percentage of the aggregate principal amount of Swingline Loans then outstanding.

Voluntary Termination of Unutilized Commitments. (a) Upon at least two Business Days' ’ prior notice from an Authorized Representative of the Borrowers to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrowers shall have the right, at any time or from time to time, without premium or penalty, to terminate the Total Unutilized Commitment, in whole or in part, in integral multiples of $1,000,000, provided that (i) each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender, and (ii) the reduction to the Total Unutilized Commitment shall in no case be in an amount which would cause the Commitment of any Lender to be reduced (as required by preceding clause (i)) by an amount which exceeds the remainder of (x) the Unutilized Commitment of such Lender as in effect immediately before giving effect to such reduction minus (y) such Lender's ’s Percentage of the aggregate principal amount of Swingline Loans then outstanding.

Voluntary Termination of Unutilized Commitments. (a) Upon at least two three Business Days' prior notice from an Authorized Representative of the Borrowers Borrower to the Administrative Agent at the its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the LendersBanks), the Borrowers Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate the Total Unutilized CommitmentCommitment at such time, in whole or in part, in integral multiples of $1,000,0001,000,000 in the case of partial reductions, provided that (i) each such reduction shall apply proportionately to permanently reduce the Commitment of each Lender, Bank and (ii) the any reduction to the Total Unutilized Commitment shall in no case be in an amount which would cause the Commitment of any Lender Bank to be reduced (as required by preceding clause (i)) by an amount which exceeds the remainder of (x) the Unutilized Commitment of such Lender Bank as in effect immediately before giving effect to such reduction minus (y) such LenderBank's Adjusted Percentage of the aggregate principal amount of Swingline Loans then outstanding.