Common use of Optional Terminations and Reductions Clause in Contracts

Optional Terminations and Reductions. At its option, Borrower may at any time terminate, or from time to time permanently reduce, the Commitments of any Class; provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $500,000 and not less than $2.5 million; (ii) the Tranche A Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Tranche A Revolving Loans in accordance with Section 2.09, the aggregate amount of Tranche A Revolving Exposures would exceed the aggregate amount of Tranche A Revolving Commitments; and (iii) the Tranche B Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Tranche B Revolving Loans in accordance with Section 2.09, the aggregate amount of Tranche B Revolving Exposures would exceed the aggregate amount of Tranche B Revolving Commitments.

Optional Terminations and Reductions. At its option, Borrower may may, at any time after the Closing Date, terminate, or from time to time permanently reduce, the Commitments of any Class; provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $500,000 250,000 and not less than $2.5 million; 500,000, (ii) the Tranche Class B Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Class B Revolving Loans in accordance with Section 2.10, the aggregate amount of Class B Revolving Exposures would exceed the aggregate amount of Class B Revolving Commitments and (iii) the Class A Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Tranche Class A Revolving Loans in accordance with Section 2.092.10, the aggregate amount of Tranche Class A Revolving Exposures would exceed the aggregate amount of Tranche Class A Revolving Commitments; and (iii) the Tranche B Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Tranche B Revolving Loans in accordance with Section 2.09, the aggregate amount of Tranche B Revolving Exposures would exceed the aggregate amount of Tranche B Revolving Commitments.