Common use of Reduction of the Commitments Clause in Contracts

Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the A and B Advances then outstanding; and provided, further, that each partial reduction shall be in a minimum amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof. Any termination or reduction of the Commitments shall be irrevocable, and the Commitments shall not thereafter be reinstated. (b) On the Termination Date, and upon the occurrence of a Change of Control, the Commitments of the Lenders shall be reduced to zero.

Reduction of the Commitments. (aA) The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the A and B Advances then outstanding; and provided, further, that each partial reduction shall be in a minimum amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof. Any termination or reduction of the Commitments shall be irrevocable, and the Commitments shall not thereafter be reinstated. (b) On the Termination Date, and upon the occurrence of a Change of Control, the Commitments of the Lenders shall be reduced to zero.

Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the A and B Advances then outstanding; and provided, further, that each partial reduction shall be in a minimum amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof. Any termination or reduction of the Commitments shall be irrevocable, and the Commitments shall not thereafter be reinstated. (b) On the Termination Date, and upon the occurrence of a Change of Control, the Commitments of the Lenders shall be reduced to zero.

Reduction of the Commitments. (a) The Borrower shall have the right, upon at least three Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the A and B Advances then outstanding; and provided, further, that each partial reduction shall be in a minimum amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof. Any termination or reduction of the Commitments shall be irrevocable, and the Commitments shall not thereafter be reinstated. (b) On the Termination Date, and upon the occurrence of a Change of Control, the Commitments of the Lenders shall be reduced to zero.