Common use of Reduction or Termination of Revolving Commitments Clause in Contracts

Reduction or Termination of Revolving Commitments. During the Revolving Credit Period, the Borrower may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Revolving Commitments at any time, if the Total Outstanding Revolving Amount is equal to zero at such time or (ii) ratably reduce from time to time by an aggregate amount of $5,000,000 or a larger multiple of $1,000,000, the aggregate amount of the Revolving Commitments in excess of the Total Outstanding Revolving Amount at such time.