Common use of Partial Reduction of Total Revolving Commitment Clause in Contracts

Partial Reduction of Total Revolving Commitment. Upon at least two Business Days’ prior irrevocable written notice (or telephonic notice confirmed in writing), the Borrowers shall have the right to partially and permanently reduce the Total Revolving Commitment; provided, however, that (i) any such reduction shall apply to proportionately (based on each Lender’s Revolving Facility Percentage) and permanently reduce the Revolving Commitment of each Lender, (ii) such reduction shall apply to proportionately and permanently reduce the LC Commitment Amount, but only to the extent that the Total Revolving Commitment would be reduced below the LC Commitment Amount, (iii) no such reduction shall be permitted if the Borrowers would be required to make a mandatory prepayment of Loans pursuant to Section 2.12(b)(i), and (iv) any partial reduction shall be in the amount of at least $1,000,000 (or, if greater, in integral multiples of $100,000).

Partial Reduction of Total Revolving Commitment. Upon at least two ten Business Days’ prior irrevocable written notice to the Administrative Agent at its Notice Office (or telephonic which notice confirmed in writingthe Administrative Agent shall promptly transmit to each of the Lenders), the Borrowers Borrower shall have the right to partially and permanently reduce the Total Revolving Commitment; provided, however, that (i) any such reduction shall apply to proportionately (based on each Lender’s Revolving Facility Percentage) and permanently reduce the Revolving Commitment of each Lender, (ii) such reduction shall apply to proportionately and permanently reduce the LC Commitment Amount, but only to the extent that the Unused Total Revolving Commitment would be reduced below the LC Commitment Amountany such limits, (iii) no such reduction shall be permitted if the Borrowers Borrower would be required to make a mandatory prepayment of Loans pursuant to Section 2.12(b)(i2.11(b)(ii) or (iii), and and, (iv) any partial reduction shall be in the amount of at least $1,000,000 5,000,000 (or, if greater, in integral multiples of $100,0001,000,000).

Partial Reduction of Total Revolving Commitment. Upon at least two Business Days’ prior irrevocable written notice (or telephonic notice confirmed in writing), the Borrowers Borrower shall have the right to partially and permanently reduce the Total Revolving Commitment; provided, however, that (i) any such reduction shall apply to proportionately (based on each Lender’s Revolving Facility Percentage) and permanently reduce the Revolving Commitment of each Lender, (ii) such reduction shall apply to proportionately and permanently reduce the LC Commitment Amount, but only to the extent that the Total Revolving Commitment would be reduced below the LC Commitment Amountany such limits, (iii) no such reduction shall be permitted if the Borrowers Borrower would be required to make a mandatory prepayment of Loans pursuant to Section 2.12(b)(i2.13(b)(ii)or(iii), and (iv) any partial reduction shall be in the amount of at least $1,000,000 (or, if greater, in integral multiples of $100,000500,000).