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

Optional Termination or Reduction of Revolving Commitments. The Borrower may at any time, upon at least three (3) Business Days' written notice to the Agent, terminate the Revolving Commitments in whole or reduce the Revolving Commitments in part up to the amount by which the Revolving Commitments exceed the aggregate principal amount of the Revolving Loans; provided, however, any such partial reduction shall be in a minimum amount of $5,000,000 (or such lesser aggregate amount of the Revolving Commitments as may then be in effect) or any larger multiple of $1,000,000, provided further, any such reduction shall be made ratably among the Banks.

Optional Termination or Reduction of Revolving Commitments. The Borrower may at any time, upon at least three (3) Business Days' written notice to the Agent, terminate the Revolving Commitments in whole or reduce the Revolving Commitments in part up to the amount by which the Revolving Commitments exceed the aggregate principal amount of the Revolving Loans; provided, however, any such partial reduction shall be in a minimum amount of $5,000,000 5,000,000.00 (or such lesser aggregate amount of the Revolving Commitments as may then be in effect) or any larger multiple of $1,000,0001,000,000.00, provided further, any such reduction shall be made ratably among the Banks.