Common use of Commitment Reduction Clause in Contracts

Commitment Reduction. The Borrowers shall have the right, exercisable at any time and from time to time, upon two (2) Business Days written notice to the Agent (or telephonic notice promptly confirmed in writing), to terminate in whole or reduce in part the Commitments; provided that each partial reduction of the Commitments shall be in an amount of US$10,000,000 or integral multiples of US$1,000,000 in excess thereof and applied to reduce the Commitments of the Lenders ratably in accordance with their respective Commitments; and provided further that the Commitments may not be reduced to any amount less than the aggregate principal amount (without duplication) of all Loans and L/C Obligations Outstanding at the time of any such reduction.

Commitment Reduction. The Borrowers Borrower shall have the right, exercisable at any time and from time to time, upon two (2) Business Days written notice to the Agent (or telephonic notice promptly confirmed in writing), to terminate in whole or reduce in part the Commitments; provided that each partial reduction of the Commitments shall be in an amount of US$10,000,000 or integral multiples of US$1,000,000 in excess thereof and applied to reduce the Commitments of the Lenders ratably in accordance with their respective Commitments; and provided further that the Commitments may not be reduced to any amount less than the aggregate principal amount (without duplication) of all Loans and L/C Obligations Outstanding at the time of any such reduction.

Commitment Reduction. The Borrowers Borrower shall have the right, exercisable at any time and from time to time, upon two (2) Business Days written notice to the Administrative Agent (or telephonic notice promptly confirmed in writing), to terminate in whole or reduce in part the Commitments; Commitments; provided that each partial reduction of the Commitments shall be in an amount of US$10,000,000 at least $1,000,000 or integral multiples of US$1,000,000 $100,000 in excess thereof and applied to reduce the Commitments of the Lenders ratably in accordance with their respective Commitments; Commitments; and provided further that the Commitments may not be reduced to any amount less than the aggregate principal amount (without duplication) of all Loans and L/C Obligations Outstanding at the time of any such reduction.