Common use of Reduction or Termination of the Commitment Clause in Contracts

Reduction or Termination of the Commitment. Borrower may, upon ------------------------------------------ prior notice to Lender, terminate in whole or reduce in part, as of the date specified by Borrower in such notice, any then unused portion of the Commitment. From the effective date of any reduction or termination, any commitment fee payable pursuant to the Schedule shall be computed on the basis of the Commitment as so reduced or terminated. Once reduced or terminated, the Commitment may not be increased or otherwise reinstated.

Reduction or Termination of the Commitment. Borrower may, upon ------------------------------------------ prior notice ------------------------------------------ to Lender, terminate in whole or reduce in part, as of the date specified by the Borrower in such notice, any then unused portion of the Commitment. From the effective date of any reduction or termination, any commitment fee payable pursuant to the Schedule shall be computed on the basis of the Commitment as so reduced or terminated. Once reduced or terminated, the Commitment may not be increased or otherwise reinstated.