Common use of Termination or Reduction of Revolving Credit Commitments Clause in Contracts

Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Revolving Credit Commitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect. Upon receipt of any notice pursuant to this Section 2.9, the Administrative Agent shall promptly notify each Revolving Credit Lender of the contents thereof.

Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments then in effectCommitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect. Upon receipt of any such notice pursuant to this Section 2.9from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender of the contents thereof.

Termination or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days' ’ notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans and Swing Line Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments then in effectCommitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect. Upon receipt of any such notice pursuant to this Section 2.9from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender of the contents thereof.

Termination or Reduction of Revolving Credit Commitments. The Borrower Company shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans and Swing Line Loans made on the effective date thereof, (a) the Total Revolving Aggregate Outstanding Extensions of Credit would exceed the Revolving Credit Commitments then in effect or (b) the Outstanding Revolving Extensions of Credit of any Lender would exceed such Lender's Revolving Credit Commitment then in effect. Any such reduction shall be in an amount equal to $1,000,000, 1,000,000 or a whole multiple thereof, thereof and shall reduce permanently the Revolving Credit Commitments then in effect. Upon receipt of any notice pursuant referred to this Section 2.9above, the Administrative Agent shall promptly notify each Revolving Credit Lender of the contents thereof.