Common use of Reduction of the Commitment Clause in Contracts

Reduction of the Commitment. The Borrower shall have the right, upon at least five Business Days' prior irrevocable written notice to the Bank, to terminate in whole, or permanently reduce in part, the unused portion of the Commitment; provided, that each partial reduction shall be in the amount of U.S. $100,000 or an integral multiple thereof.

Reduction of the Commitment. The Borrower shall have the right, upon at least five Business Days(5) days' prior irrevocable written notice to the BankLender, to terminate in whole, whole or permanently reduce in part, part the unused portion of the Revolving Commitment; provided, provided that each partial reduction of such Commitment shall be in the aggregate amount of U.S. five million dollars ($100,000 5,000,000) or an any greater integral multiple thereofof one million dollars ($1,000,000). The Borrower shall designate in its notice to the Lender the amount of the Revolving Commitment giving effect to such reduction.