Common use of Reduction of Total Commitment Clause in Contracts

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three (3) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 or an integral multiple of $1,000,000 in excess thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3ss.2.3, the Administrative Agent will notify the Lenders Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders Banks the full amount of any Commitment Fee commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 500,000 or an integral multiple of $100,000 in excess thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section §2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral multiple multiples of $1,000,000 in excess thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders Banks shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3§3.3, the Administrative Agent will notify the Lenders Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders Banks the full amount of any Commitment Fee commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three (3) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral a whole multiple of $100,000 in excess thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section §2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3(S)2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 or an integral a whole multiple of $1,000,000 in excess thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section §2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Facility Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days Days’ prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, Commitment whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section §2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time prior to the Maturity Date upon three (3) Business Days Days' prior written notice to the Administrative Agent to reduce by $5,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments Commitment Amount of the Lenders each Lender shall be reduced pro rata PRO RATA in accordance with their respective its Commitment Percentages of Percentage by the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.32.6, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment the Facility Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments Total Commitment may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three one (31) Business Days Day prior written notice to the Administrative Agent to reduce by $5,000,000 500,000 or an integral multiple of $250,000 in excess thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders Banks shall be reduced pro rata PRO RATA in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Administrative Agent will notify the Lenders Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders Banks the full amount of any Commitment Fee commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Facility Agent to reduce by $5,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata PRO RATA in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3ss.2.3, the Administrative Facility Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Facility Agent for the respective accounts of the Lenders the full amount of any Commitment Fee commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days Days' prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, Commitment whereupon the Commitments of the Lenders shall be reduced pro rata PRO RATA in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower Borrowers shall have the right at any time and from time to time upon three (3) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 or an integral multiple of $1,000,000 in excess thereof or to terminate entirely the Total Commitment, Commitment whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower Borrowers delivered pursuant to this Section 2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower Borrowers shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower Borrowers shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower Borrowers delivered pursuant to this Section §2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower Borrowers shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Unused Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 500,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section §2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower Borrowers shall have the right at any time and from time to time upon three five (35) Business Days prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3ss.2.3, the Administrative Agent will notify the Lenders of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders the full amount of any Commitment Facility Fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

Reduction of Total Commitment. The Borrower shall have the right at any time and from time to time upon three five (35) Business Days Days' prior written notice to the Administrative Agent to reduce by $5,000,000 1,000,000 or an integral multiple thereof or to terminate entirely the Total Commitment, whereupon the Commitments of the Lenders Banks shall be reduced pro rata PRO RATA in accordance with their respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this Section 2.3ss.2.3, the Administrative Agent will notify the Lenders Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders Banks the full amount of any Commitment Fee commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments under this ss.2.3 may be reinstated.