Common use of Reduction of the Commitments Clause in Contracts

Reduction of the Commitments. The Borrower shall have the right, upon at least two Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce in part the unused portion of the Commitments; provided that each partial reduction shall be in a minimum amount of $3,000,000 and in integral multiples of $1,000,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and shall be permanent, with no obligation of the Lenders to reinstate such Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower shall have the right, upon at least two Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Commitments; provided that (i) each partial reduction shall be in a minimum the aggregate amount of $3,000,000 and 5,000,000 or in integral multiples of $1,000,000 in excess thereof, and (ii) any reduction and/or termination of Commitments shall not result in the outstanding Advances or the Borrowing Base exceeding the aggregate Commitments. Any reduction or and termination of the Commitments pursuant to this Section 2.1(c) 2.04 shall be applied ratably to each Lender’s Commitment and shall be permanent, with no obligation of the Lenders to reinstate such Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days’ ' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Commitments; provided PROVIDED that each partial reduction shall be in a minimum the aggregate amount of $3,000,000 and 5,000,000 or in integral multiples of $1,000,000 5,000,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and 2.05 shall be permanent, with no obligation of the Lenders to reinstate such Commitments, Commitments and the applicable Commitment Fees commitment fees provided for in Section 2.04(a) shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower Borrowers shall have the right, upon at least two three Business Days’ ' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Commitments; provided PROVIDED that each partial reduction shall be in a minimum the aggregate amount of $3,000,000 and 1,000,000 or in integral multiples of $1,000,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and 2.12 shall be permanent, with no obligation of the Lenders to reinstate such Commitments, Commitments and the applicable Commitment Fees commitment fees provided for in Section 2.13 shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days’ ' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Revolving Credit Commitments; provided that each partial reduction shall be in a minimum the aggregate amount of $3,000,000 5,000,000.00 and in an integral multiples multiple of $1,000,000 1,000,000.00 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and shall be permanent, with no obligation of the Lenders Banks to reinstate such Commitments, Commitments and the applicable Commitment Fees commitment fees provided for in Section 2.5(a) shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days’ ' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Tranche A Commitments or the Tranche B Commitments; provided that each partial reduction shall be in a minimum the aggregate amount of $3,000,000 and 5,000,000 or in integral multiples of $1,000,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and 2.04 shall be permanent, with no obligation of the Lenders Banks to reinstate such Commitments, Commitments and the applicable Commitment Fees commitment fees provided for in Section 2.03(a) shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower Borrowers shall have the right, upon at least two three Business Days’ ' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Commitments; provided that each partial reduction shall be in a minimum the aggregate amount of $3,000,000 and 1,000,000 or in integral multiples of $1,000,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and 2.12 shall be permanent, with no obligation of the Lenders to reinstate such Commitments, Commitments and the applicable Commitment Fees provided for in Section 2.13 shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days’ ' irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Commitments; provided PROVIDED that each partial reduction shall be in a minimum the aggregate amount of $3,000,000 and 5,000,000 or in integral multiples of $1,000,000 5,000,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and 2.05 shall be permanent, with no obligation of the Lenders to reinstate such Commitments, Commitments and the applicable Commitment Fees commitment fees provided for in Section 2.04(a) shall thereafter be computed on the basis of the Commitments, as so reduced.

Reduction of the Commitments. The Borrower shall have the right, upon at least two three Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce in part the unused portion of the Commitments; provided that each partial reduction shall be in a minimum amount of $3,000,000 500,000 and in integral multiples of $1,000,000 100,000 in excess thereof. Any reduction or termination of the Commitments pursuant to this Section 2.1(c) shall be applied ratably to each Lender’s Commitment and shall be permanent, with no obligation of the Lenders to reinstate such Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the Commitments, as so reduced.