Common use of Commitment Terminations Clause in Contracts

Commitment Terminations. The Borrowers shall have the right at any time and from time to time, upon five (5) Business Days’ prior written notice from the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty, in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000, and (ii) allocated ratably among the Lenders in proportion to their respective Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount of all Revolving Loans and Swing Loans and the U.S. Dollar Equivalent of all L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to the reduced aggregate amount of the Revolving Credit Commitments. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 3.7 may not be reinstated.

Commitment Terminations. The Borrowers Company shall have the right at any time and from time to time, upon five three (53) Business Days’ ' prior written notice from the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty, in whole or in part, the Commitments, any partial termination to be (i) made in an amount not less than $5,000,0001,000,000 or any larger amount that is an integral multiple of $1,000,000, and to reduce ratably each Bank's Commitment; provided that (i) no portion of the Term Commitments may be terminated unless all Revolving Commitments have been terminated, (ii) allocated ratably among the Lenders in proportion to their respective Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate Original Dollar Amount of all Committed Revolving Loans (whether Committed Revolving Loans or Bid Loans) and Swing Loans and the U.S. Dollar Equivalent of all L/C Obligations then outstanding and (iii) the Term Credit Commitment may not be reduced to an amount less than the aggregate Original Dollar Amount of Committed Term Loans then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swing Line Sublimit then in effect pursuant to this Section 4.6 may not be reinstated. No Facility Fee shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to the reduced aggregate amount of the Revolving Credit Commitments. The Administrative Agent shall give prompt notice to each Lender of accrue on any such termination of the Revolving Credit Commitments. Any termination portion of the Revolving Credit Commitments pursuant to this Section 3.7 may not be reinstatedthat has been terminated.

Commitment Terminations. The Borrowers Term Loan Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Term Loans on the Second Restatement Effective Date. The Borrower shall have the right at any time and from time to time, upon five three (53) Business Days’ Days prior written notice from the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty, in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000, 1.0 million or any greater amount that is an integral multiple of $0.1 million and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, ; provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount aggregate principal amount of all Revolving Loans and Loans, Swing Loans and the U.S. Dollar Equivalent of all L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to the reduced aggregate amount by a like amount. Any termination of the Revolving Credit CommitmentsCommitments below the Swing Line Sublimit then in effect shall reduce the Swing Line Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 3.7 2.10 may not be reinstated.

Commitment Terminations. The Borrowers shall have the right at any time and from time to time, upon five (5) Business Days’ Days prior written notice from the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty, penalty and in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000, 5,000,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of the Swing Loans, the Original Dollar Amount of all the Revolving Loans and Loans, Swing Loans Loans, and the U.S. Dollar Equivalent of all L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the Alternative Currency Sublimit, the L/C Sublimit or the Swing Line Sublimit then in effect shall reduce the Alternative Currency Sublimit, the L/C Sublimit and the Swing Line Sublimit, as applicable, to an amount equal to the reduced aggregate amount of the Revolving Credit Commitmentsby a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 3.7 1.13 may not be reinstated.

Commitment Terminations. The Borrowers Borrower Representative shall have the right at any time and from time to time, upon five three (53) Business Days’ prior written notice from the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty, and/or the Draw Term Loan Commitments in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000, 500,000 or any greater amount that is an integral multiple of $100,000 and (ii) allocated ratably among the Lenders in proportion to their respective Applicable Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum amount of the Original Dollar Amount aggregate Revolving Credit Exposures of all Revolving Loans and Swing Loans and the U.S. Dollar Equivalent of all L/C Obligations Lenders then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to the reduced aggregate amount by a like amount. Any termination of the Revolving Credit CommitmentsCommitments below the Swing Line Sublimit then in effect shall reduce the Swing Line Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments or the Draw Term Loan Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 3.7 2.10 may not be reinstated.

Commitment Terminations. The Borrowers Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date. The Borrower shall have the right at any time and from time to time, upon five three (53) Business Days’ Days prior written notice from the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty, in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000, 1.0 million or any greater amount that is an integral multiple of $0.1 million and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount aggregate principal amount of all Revolving Loans and Loans, Swing Loans and the U.S. Dollar Equivalent of all L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to the reduced aggregate amount by a like amount. Any termination of the Revolving Credit CommitmentsCommitments below the Swing Line Sublimit then in effect shall reduce the Swing Line Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 3.7 2.10 may not be reinstated.

Commitment Terminations. The Borrowers Term B Loan Commitments shall automatically terminate upon the making of the Term B Loans on the Closing Date. The Borrower shall have the right at any time and from time to time, upon five (5) three Business Days’ Days prior written notice from the Company to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium or penalty, in whole or in part, any partial termination to be (i) in an amount not less than $5,000,000, 1,000,000 or any greater amount that is an integral multiple of $100,000 and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount aggregate principal amount of all Revolving Loans and Loans, Swing Loans and the U.S. Dollar Equivalent of all L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, to an amount equal to the reduced aggregate amount by a like amount. Any termination of the Revolving Credit CommitmentsCommitments below the Swing Line Sublimit then in effect shall reduce the Swing Line Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 3.7 2.10 may not be reinstated.