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 aggregate amount of the Revolving Commitments; provided that (i) each reduction of the aggregate amount of the Revolving Commitments shall be in an amount that is an integral multiple of $500,000 and not less than $1.0 million and (ii) the Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.09, the aggregate amount of Revolving Exposures would exceed the aggregate amount of Revolving Commitments.

Optional Terminations and Reductions. At its their option, Borrower the Borrowers may at any time terminate, or from time to time permanently reduce, without premium or penalty (but always subject to Section 2.13), the aggregate amount Commitments of the Revolving Commitmentsany Class; provided that (i) each reduction of the aggregate amount Commitments of the Revolving Commitments any Class shall be in an amount that is an integral multiple of $500,000 100,000 and not less than $1.0 million and (ii) the Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.092.10, the aggregate amount of Revolving Exposures would exceed the aggregate amount of Revolving Commitments.