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

Voluntary Termination or Reduction of Commitment. At any time prior to the Maturity Date, Borrower may, upon not less than five (5) Business Days’ prior written notice to the Administrative Agent, terminate the Commitment in effect or permanently reduce the Commitment in effect by an aggregate minimum amount of Twenty Million Dollars ($20,000,000) or any multiple of Five Million Dollars ($5,000,000) in excess thereof, provided, however, that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayment of Advances made on the effective date of such termination or reduction, as the case may be, the then outstanding principal amount of the Advances would exceed the Commitment in effect; provided further, however, that once terminated or reduced in accordance with this Section 2.8, the Commitment in effect may not thereafter be reinstated or increased (provided that, if the Commitment is reduced (but not terminated) pursuant to this Section 2.8, the Commitment may thereafter be increased pursuant to Section 2.9) and provided further, however, that although the Commitment in effect may be terminated entirely pursuant to this Section 2.8, no partial termination shall result in the Commitment being reduced to below One Hundred Million Dollars ($100,000,000). All accrued and unpaid fees due under Section 2.5 with respect to the portion of the Commitment in effect being terminated or reduced shall be paid to the Administrative Agent on the funding date of such termination or reduction.

Voluntary Termination or Reduction of Commitment. At any time prior to the Maturity Date, Borrower may, upon not less than five (5) 5 Business Days’ ' prior written notice to the Administrative Agent, terminate the Commitment in effect or permanently reduce the Commitment in effect by an aggregate minimum amount of Twenty Million Dollars ($20,000,000) or any multiple of Five Million Dollars ($5,000,000) or any multiple of One Million Dollars ($1,000,000) in excess thereof; PROVIDED, provided, howeverHOWEVER, that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayment of Advances made on the effective date of such termination or reduction, as the case may be, the then outstanding principal amount of the Advances would exceed the Commitment in effect; provided furtherPROVIDED FURTHER, howeverHOWEVER, that once terminated or reduced in accordance with this Section SECTION 2.8, the Commitment in effect may not thereafter be reinstated or increased (provided thatincreased; and PROVIDED FURTHER, if the Commitment is reduced (but not terminated) pursuant to this Section 2.8, the Commitment may thereafter be increased pursuant to Section 2.9) and provided further, howeverHOWEVER, that although the Commitment in effect may be terminated entirely pursuant to this Section SECTION 2.8, no partial termination shall result in the Commitment being in effect shall not be reduced to below One Hundred Forty Million Dollars ($100,000,00040,000,000). All accrued and unpaid fees due under Section SECTION 2.5 with respect to the portion of the Commitment in effect being terminated or reduced shall be paid to the Administrative Agent on the funding effective date of such termination or reduction.

Voluntary Termination or Reduction of Commitment. At any time prior to the Maturity Date, Borrower may, upon not less than five (5) Business Days’ ' prior written notice to the Administrative Agent, terminate the Commitment in effect or permanently reduce the Commitment in effect by an aggregate minimum amount of Twenty Million Dollars ($20,000,000) or any multiple of Five Million Dollars ($5,000,000) in excess thereof, provided, however, that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayment of Advances made on the effective date of such termination or reduction, as the case may be, the then outstanding principal amount of the Advances would exceed the Commitment in effect; provided further, however, that once terminated or reduced in accordance with this Section 2.8, the Commitment in effect may not thereafter be reinstated or increased (provided that, if the Commitment is reduced (but not terminated) pursuant to this Section 2.8, the Commitment may thereafter be increased pursuant to Section 2.9) and provided further, however, that although the Commitment in effect may be terminated entirely pursuant to this Section 2.8, no partial termination shall result in the Commitment being in effect shall not be reduced to below One Hundred Million Dollars ($100,000,000). All accrued and unpaid fees due under Section 2.5 with respect to the portion of the Commitment in effect being terminated or reduced shall be paid to the Administrative Agent on the funding date of such termination or reduction.

Voluntary Termination or Reduction of Commitment. At any time prior to the Maturity Date, Borrower may, upon not less than five (5) 5 Business Days’ ' prior written notice to the Administrative Agent, terminate the Commitment in effect or permanently reduce the Commitment in effect by an aggregate minimum amount of Twenty Million Dollars ($20,000,000) or any multiple of Five Million Dollars ($5,000,000) or any multiple of One Million Dollars ($1,000,000) in excess thereof, ; provided, however, that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayment of Advances made on the effective date of such termination or reduction, as the case may be, the then outstanding principal amount of the Advances would exceed the Commitment in effect; provided further, however, that once terminated or reduced in accordance with this Section 2.8, the Commitment in effect may not thereafter be reinstated or increased (provided that, if the Commitment is reduced (but not terminated) pursuant to this Section 2.8, the Commitment may thereafter be increased pursuant to Section 2.9) increased; and provided further, however, that although the Commitment in effect may be terminated entirely pursuant to this Section 2.8, no partial termination shall result in the Commitment being in effect shall not be reduced to below One Hundred Fifty Million Dollars ($100,000,00050,000,000). All accrued and unpaid fees due owing under Section 2.5 with respect to the portion of the Commitment in effect being terminated or reduced shall be paid to the Administrative Agent on the funding effective date of such termination or reduction.

Voluntary Termination or Reduction of Commitment. At any time prior to the Maturity Date, Borrower may, upon not less than five (5) 5 Business Days’ ' prior written notice to the Administrative Agent, terminate the Commitment in effect or permanently reduce the Commitment in effect by an aggregate minimum amount of Twenty Twenty- Five Million Dollars ($20,000,00025,000,000) or any multiple of Five Million Dollars ($5,000,000) in excess thereof; PROVIDED, provided, howeverHOWEVER, that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayment of Advances made on the effective date of such termination or reduction, as the case may be, the then outstanding principal amount of the Advances would exceed the Commitment in effect; provided furtherPROVIDED FURTHER, howeverHOWEVER, that once terminated or reduced in accordance with this Section SECTION 2.8, the Commitment in effect may not thereafter be reinstated or increased (provided thatincreased; and PROVIDED FURTHER, if the Commitment is reduced (but not terminated) pursuant to this Section 2.8, the Commitment may thereafter be increased pursuant to Section 2.9) and provided further, howeverHOWEVER, that although the Commitment in effect may be terminated entirely pursuant to this Section SECTION 2.8, no partial termination shall result in the Commitment being in effect shall not be reduced to below One Hundred Million Dollars ($100,000,000). All accrued and unpaid fees due under Section SECTION 2.5 with respect to the portion of the Commitment in effect being terminated or reduced shall be paid to the Administrative Agent on the funding date of such termination or reduction.

Voluntary Termination or Reduction of Commitment. At any time prior to the Maturity Date, Borrower may, upon not less than five (5) 5 Business Days’ ' prior written notice to the Administrative Agent, terminate the Commitment in effect or permanently reduce the Commitment in effect by an aggregate minimum amount of Twenty Twenty-Five Million Dollars ($20,000,00025,000,000) or any multiple of Five Million Dollars ($5,000,000) in excess thereof, ; provided, however, that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayment of Advances made on the effective date of such termination or reduction, as the case may be, the then outstanding principal amount of the Advances would exceed the Commitment in effect; provided further, however, that once terminated or reduced in accordance with this Section 2.8, the Commitment in effect may not thereafter be reinstated or increased (provided that, if the Commitment is reduced (but not terminated) pursuant to this Section 2.8, the Commitment may thereafter be increased pursuant to Section 2.9) ); and provided further, however, that although the Commitment in effect may be terminated entirely pursuant to this Section 2.8, no partial termination shall result in the Commitment being in effect shall not be reduced to below One Hundred Million Dollars ($100,000,000). All accrued and unpaid fees due under Section 2.5 with respect to the portion of the Commitment in effect being terminated or reduced shall be paid to the Administrative Agent on the funding date of such termination or reduction.