Common use of Reduction of Revolver Commitments Clause in Contracts

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (a) $30,000,000 and (b) the sum of (1) the Revolver Usage as of such date, plus (2) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 3.02(a), plus (3) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 3.10(a). Each such reduction shall be in an amount which is not less than $1,000,000, shall be made by providing not less than 5 days prior written notice to Administrative Agent, and shall be irrevocable (provided that, to the extent that such notice states that it is conditioned upon the consummation of any other transaction or the occurrence of any event (including an acquisition or a Change of Control), such notice may be revoked by the Parent Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied). Once reduced, the Revolver Commitments 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 Termination Date. Borrower Subject to Section 2.4(e)(i), Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (a) $30,000,000 and (b) the sum of (1I) the Revolver Usage as of such date, plus (2II) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower Borrowers under Section 3.02(a2.3(a), plus (3III) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 3.10(a2.11(a). Each such reduction shall be in an amount which is not less than $1,000,0005,000,000, shall be made by providing not less than 5 days 10 Business Days prior written notice to Administrative Agent, and shall be irrevocable (provided that, to the extent that such notice states that it is conditioned upon the consummation of any other transaction or the occurrence of any event (including an acquisition or a Change of Control), such notice may be revoked by the Parent Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied)irrevocable. Once reduced, the Revolver Commitments 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. All mandatory prepayments pursuant to Section 2.4(e)(ii) shall permanently reduce the Maximum Revolver Amount.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the earlier of (i) the Maturity DateDate and (ii) the date upon which Borrower has exercised its early termination rights as set forth in Section 3.6. Until the date of such termination, Borrower may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount not less than the greater of (ai) $30,000,000 15,000,000 and (bii) the sum of (1A) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 3.02(a2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 3.10(a2.11(a). Each such reduction shall be in an amount which is not less than $1,000,0002,500,000 (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 $2,500,000), shall be made by providing not less than 5 days 10 Business Days prior written notice to Administrative Agent, Agent and shall be irrevocable (provided that, to the extent that such notice states that it is conditioned upon the consummation of any other transaction or the occurrence of any event (including an acquisition or a Change of Control), such notice may be revoked by the Parent Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied)irrevocable. Once reduced, the Revolver Commitments 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 Pro Rata Share thereof.