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

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 or any multiple of $5,000,000 in excess thereof; UNLESS, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business (5) Banking Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 5,000,000 or any multiple of $5,000,000 1,000,000 in excess thereof; UNLESS, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans PLUS all outstanding L/C Obligations would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business three (3) Banking Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 5,000,000 or any multiple of $5,000,000 1,000,000 in excess thereof; UNLESS, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans PLUS all outstanding L/C Obligations would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum Dollar Equivalent amount of $10,000,000 5,000,000 or any Dollar Equivalent multiple of $5,000,000 1,000,000 in excess thereof; UNLESSunless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal Dollar Equivalent amount of the Loans and L/C Obligations would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increasedincreased except pursuant to Section 2.17 or 11.01. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility commitment fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business 5 Banking Days' ’ prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 or any multiple of $5,000,000 1,000,000 in excess thereof; UNLESSunless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans plus the L/C Obligations would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.11, the Commitments may not be increased, except pursuant to Section 2.10. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued facility fees (including Non-use Fees and utilization fees due and owing, pursuant to Section 2.11 hereof, Facility Fees) to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Banking Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 or any multiple of $5,000,000 1,000,000 in excess thereofEXCESS THEREOF; UNLESS, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans plus the L/C Obligations would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.11, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility commitment fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five three Business Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum Dollar Equivalent amount of $10,000,000 5,000,000 or any Dollar Equivalent multiple of $5,000,000 1,000,000 in excess thereof; UNLESSunless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-then outstanding principal Dollar Equivalent amount of the Loans and L/C Obligations would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this SectionSection 2.06, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility commitment fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five 3 Business Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 or any multiple of $5,000,000 1,000,000 in excess thereof; UNLESS, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount Effective Amount of the all Revolving Loans and L/C Obligations together would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility commitment and letter of credit fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including including, the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five ten (10) Business Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments and Total Credit Facility by an aggregate minimum amount of $10,000,000 5,000,000 or any multiple of $5,000,000 1,000,000 in excess thereof; UNLESSunless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans and the outstanding amount of LC Obligations would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be reinstated or increased. Any reduction of the Commitments shall be applied to each Bank Lender according to its Pro Rata Share. All accrued facility fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company may, upon not less than five Business Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 or any multiple of $5,000,000 1,000,000 in excess thereof; UNLESSunless, after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of the Loans plus the aggregate amount of all Letter of Credit Outstandings would exceed the amount of the combined Commitments then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Bank according to its Pro Rata Share. All accrued facility commitment fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including the effective date of any reduction or termination of Commitments, shall be paid on the effective date of such reduction or termination.

Voluntary Termination or Reduction of Commitments. The Company Borrower may, upon not less than five three Business Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum amount of $10,000,000 5,000,000 or any multiple of $5,000,000 1,000,000 in excess thereof; UNLESS, unless after giving effect thereto and to any prepayments of Committed Loans made on the effective date thereof, the then-outstanding principal amount of all Loans plus the Loans Matured Value of all outstanding Advances would exceed the amount of the combined Commitments Aggregate Commitment then in effect. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Commitments Aggregate Commitment shall be applied to each Bank Lender according to its Pro Rata Share. All accrued facility commitment fees and utilization fees due and owing, pursuant to Section 2.11 hereof, to, but not including including, the effective date of any reduction or termination of Commitments, Commitments shall be paid on the effective date of such reduction or terminationnext quarter end date.