Common use of Reduction of Revolving Commitment Amount Clause in Contracts

Reduction of Revolving Commitment Amount. The Company may from time to time by written notice delivered to the Bank by the Company at least five Business Days prior to the date of the requested reduction, reduce by integral multiples of Ten Thousand Dollars ($10,000) any unborrowed portion of the Revolving Commitment Amount. No reduction of the Revolving Commitment Amount shall be subject to reinstatement.

Appears in 2 contracts

Sources: Revolving Credit and Security Agreement (Sepracor Inc /De/), Revolving Credit and Security Agreement (Biosepra Inc)