Common use of Reduction of Revolver Commitments Clause in Contracts

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by an Authorized Person under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than five (5) Business Days prior written notice to Agent, and shall be irrevocable, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity DateDate or earlier termination thereof pursuant to the terms of this Agreement. Borrowers The Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request Borrowing Request has been given by an Authorized Person the Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Borrower pursuant to Section 2.11(a2.02(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000zero), shall be made by providing not less than five (5) Business Days Days’ prior written notice to the Administrative Agent, and shall be irrevocable. Once reduced, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the greater of (i) $50,000,000 and (ii) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by an Authorized Person Administrative Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Administrative Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than five (5) 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers Revolving Loan Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by an Authorized Person Revolving Loan Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Revolving Loan Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than five (5) Business Days prior written notice to Agent, and shall be irrevocable, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased; provided, that, the Revolver Commitments may not be reduced to an amount less than the outstanding principal amount of the Term Loan.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers Borrower may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by an Authorized Person Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than five (5) 5 Business Days prior written notice by Borrower to Agent, Agent and shall be irrevocable. Once reduced, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers Borrower may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by an Authorized Person Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 [***] (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000[***]), shall be made by providing not less than five (5) 5 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers Borrower may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the greater of (i) $40,000,000 and (ii) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by an Authorized Person Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount an integral multiple of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000)1,000,000, shall be made by providing not less than five (5) 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers Borrower may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by an Authorized Person Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 1,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,0001,000,000), shall be made by providing not less than five (5) 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. Notwithstanding the foregoing, unless the Revolver Commitments are being reduced to zero in respect of an early termination pursuant to Section 3.5, the Revolver Commitments may not be reduced to less than $5,000,000.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrowers Borrower may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by an Authorized Person Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by a Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than five (5) 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, except to the extent set forth in Section 3.5. The Revolver Commitments once reduced may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its Pro Rata Share thereof.