Common use of Reduction of the Commitments Clause in Contracts

Reduction of the Commitments. (a) Subject to Section 2.18(c), the Borrowers shall have the right, upon at least three (3) Business Days’ notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments; provided, that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple thereof. Any such reduction of each Bank’s Commitment will be an automatic reduction of such Bank’s Revolving Credit Commitment in an identical amount.

Reduction of the Commitments. (a) Subject to Section 2.18(c), the Borrowers The Borrower shall have the right, upon at least three (3) Business Days’ ' irrevocable notice to the AgentBank, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments; providedCommitment, provided that each partial reduction shall be in the aggregate amount of $5,000,000 1,000,000 or an integral multiple thereof. Any such reduction or termination of each Bank’s the Commitment will shall be an automatic reduction permanent, with no obligation of the Bank to reinstate such Bank’s Revolving Credit Commitment and the commitment fees provided for in an identical amountSection 2.03(a) shall thereafter be computed on the basis of the Commitment as so reduced.

Reduction of the Commitments. (a) Subject to Section 2.18(c), the Borrowers shall have the rightThe Borrower may, upon at least three (3) Business Days’ prior notice to the Administrative Agent, to permanently terminate in whole or permanently reduce ratably in part the unused portions Commitments of the respective CommitmentsBanks; provided, however, that (i) each partial reduction shall be in the aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Any , and (ii) no such reduction shall result in the Total Commitments of each Bank’s Commitment will be an automatic reduction of such Bank’s Revolving Credit Commitment in an identical amountthe Banks being less than $100,000,000 unless the Commitments have been permanently terminated.

Reduction of the Commitments. (a) Subject to Section 2.18(c), the Borrowers The Borrower shall have the right, upon at least three (3) Business Days’ notice to the Agent, Funds Administrator to terminate in whole or reduce ratably in part the unused portions of the respective Commitments; Commitments of the Banks, provided, that each partial reduction shall be in the aggregate amount of $5,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof. Any such reduction of each Bank’s Commitment will be an automatic reduction of such Bank’s Revolving Credit Commitment in an identical amount.

Reduction of the Commitments. (a) Subject to Section 2.18(c), the Borrowers The Borrower shall have the right, upon at least three (3) Business Days’ ' irrevocable notice to the Agent, to terminate in whole or reduce ratably in part the unused portions portion of the respective Commitments; provided, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral a greater multiple thereofof $1,000,000. Any reduction or termination of the Commitments pursuant to this Section 2.04 shall be permanent, with no obligation of the Banks to reinstate such reduction Commitments and the commitment fees provided for in Section 2.03(a) shall thereafter be computed on the basis of each Bank’s Commitment will be an automatic reduction of such Bank’s Revolving Credit Commitment in an identical amountthe Commitments, as so reduced.

Reduction of the Commitments. (a) Subject to Section 2.18(c), the Borrowers The Borrower shall have the ------------------------------ right, upon at least three (3) Business Days’ ' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments; providedCommitments of the Banks, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple thereofthereafter of $1,000,000. Any such termination or reduction pursuant to this Section 2.05 shall be a permanent termination or reduction of each Bank’s Commitment will be an automatic reduction of such Bank’s Revolving Credit Commitment in an identical amountthe Commitments.

Reduction of the Commitments. (a) Subject to Section 2.18(c), the Borrowers The Borrower shall have the right, upon at least three (3) Business Days’ Days irrevocable notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments; provided, provided that each partial reduction shall be in the aggregate amount of $5,000,000 1,000,000 or an integral multiple thereof. Any such reduction or termination of each Bank’s Commitment will the Commitments shall be an automatic reduction permanent, with no obligation on the part of the Banks to reinstate such Bank’s Revolving Credit Commitment Commitments and the commitment fees provided for in an identical amountSection 2.03(a) shall thereafter be computed on the basis of the Commitments as so reduced.