Common use of Reduction of the Commitment Amount Clause in Contracts

Reduction of the Commitment Amount. The U.S. Borrower may, from time to time on any Business Day, voluntarily reduce the amount of the Commitment Amount; provided, however, that all such reductions shall be binding on each Borrower, shall require at least three Business Days' prior notice to the Administrative Agent and shall be permanent.

Reduction of the Commitment Amount. The U.S. Borrower may, from time to time on any Business Day, voluntarily reduce the amount of the Commitment Amount; provided, however, that all such reductions shall will be binding on each the Borrower, shall will require at least three Business Days' prior notice to the Administrative Agent and shall will be permanent.

Reduction of the Commitment Amount. The U.S. Borrower may, from time to time on any Business Day, voluntarily reduce the amount of the Commitment Amount; provided, however, that all such reductions shall be binding on each Borrowerboth Borrowers, shall require at least three Business Days' prior notice to the Administrative Agent and shall be permanent.

Reduction of the Commitment Amount. The U.S. Borrower may, from time to time on any Business Day, (subject to the terms of the Loan Documents) voluntarily and shall, as required pursuant to the terms of the Loan Documents, mandatorily reduce the amount of the Commitment Amount; provided, however, that all such voluntary reductions shall not (prior to the Trade Termination Date), adversely affect the rights of either Fronting Bank, be binding on each BorrowerObligor, shall require at least three Business Days' prior notice to the Administrative Agent and shall be permanent.