Common use of Reductions of the Commitments Clause in Contracts

Reductions of the Commitments. (a) The Commitment shall be automatically reduced to zero on the Maturity Date. (b) In addition, the Borrower shall have the right, upon at least three Business Days' notice to the Lender, to terminate in whole or reduce ratably in part the unused portions of the Commitment, provided that each partial reduction shall be in a minimum aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, the Commitment may not be reinstated.

Reductions of the Commitments. (a) The Commitment of each Lender shall be automatically reduced to zero on the Maturity Commitment Termination Date. (b) In addition, the Borrower shall have the right, upon at least three Business Days' notice to the LenderAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the Commitmentrespective Commitments of the Lenders, provided that each partial reduction shall be in a minimum aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, the Commitment Commitments may not be reinstated.

Reductions of the Commitments. (a) The Commitment of each Lender shall be automatically reduced to zero on the Maturity Commitment Termination Date. (b) In addition, the Borrower shall have the right, upon at least three Business Days' ’ notice to the LenderAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the Commitmentrespective Commitments of the Lenders, provided that each partial reduction shall be in a minimum aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, the Commitment Commitments may not be reinstated.

Reductions of the Commitments. (a) The Commitment of each Lender shall be automatically reduced to zero on the Maturity Commitment Termination Date. (b) In addition, the Borrower shall have the right, upon at least three Business Days' ’ notice to the LenderAdministrative Agent, to terminate in whole or reduce ratably in part the unused portions of the Commitmentrespective Commitments of the Lenders, provided that each partial reduction shall be in a minimum aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, the Commitment Commitments may not be reinstated.. TERM LOAN AGREEMENT