Common use of Termination or Reduction of Commitment Clause in Contracts

Termination or Reduction of Commitment. (a) The Revolving Credit Commitment shall automatically terminate at 5:00 p.m. Boston time on the Maturity Date. The Borrower, upon notice to the Agent and each Lender in accordance with Section 4.4 and the repayment in full of the outstanding principal balance of the Loans (and accrued interest thereon) and the payment in full of any expenses or other fees owed by the Borrower to the Agent or any Lender under or pursuant to this Agreement, may elect to terminate the Revolving Credit Commitment permanently, whereupon the Commitments of the Lenders shall be terminated entirely. If any Letters of Credit would remain outstanding after the effective date of any such termination, in addition to the satisfaction of all other applicable terms and conditions of this Agreement, the Borrower shall either deposit with and pledge to the Agent cash in an amount equal to 100% of the Letter of Credit Usage at the effective date of such termination, or (ii) arrange for the termination of such Letters of Credit and the return thereof to the Issuing Bank. No such termination may be reinstated. (b) The Borrower may also, upon notice to the Agent and each Lender in accordance with Section 4.4, reduce the Revolving Credit Commitment in integral multiples of $500,000, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages by the aggregate amount specified in such notice. If, as a result of any such reduction, the aggregate outstanding balance of Revolving Credit Loans, Swing Line Advances plus the Letter of Credit Usage would exceed the Revolving Credit Commitment, the Borrower shall, as a condition precedent to any such reduction, deposit with and pledge to the Agent cash in an amount equal to 100% of such excess or to make repayments of outstanding Revolving Credit Loans and/or Swing Line Advances in an aggregate amount equal to such excess. No such reduction may be reinstated.

Termination or Reduction of Commitment. (a) The Revolving Credit Commitment shall automatically terminate at 5:00 p.m. Boston time on the Maturity Date. The Borrower, upon notice to the Agent and each Lender in accordance with Section 4.4 and the repayment in full of the outstanding principal balance of the Revolving Credit Loans (and accrued interest thereon) and the payment in full of any expenses or other fees owed by the Borrower to the Agent or any Lender under or pursuant to this Agreement, may elect to terminate the Revolving Credit Commitment permanently, whereupon the Commitments of the Lenders shall be terminated entirely. If any Letters of Credit would remain outstanding after the effective date of any such termination, in addition to the satisfaction of all other applicable terms and conditions of this Agreement, the Borrower shall either deposit with and pledge to the Agent cash in an amount equal to 100% of the Letter of Credit Usage at the effective date of such termination, or (ii) arrange for the termination of such Letters of Credit and the return thereof to the Issuing Bank. No such termination may be reinstated. (b) . The Borrower may also, upon notice to the Agent and each Lender in accordance with Section 4.4, reduce the Revolving Credit Commitment in integral multiples of $500,000, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages by the aggregate amount specified in such notice. If, as a result of any such reduction, the aggregate outstanding balance of Revolving Credit Loans, Swing Line Advances Loans plus the Letter of Credit Usage would exceed the Revolving Credit Commitment, the Borrower shall, as a condition precedent to any such reduction, deposit with and pledge to the Agent cash in an amount equal to 100% of such excess or to make repayments of outstanding Revolving Credit Loans and/or Swing Line Advances in an aggregate amount equal to such excess. No such reduction may be reinstated.. Several Obligations. The failure of any Lender to make any Loan to be made ------------------- by it on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan on such date, but neither the Agent nor any Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender. [Intentionally Omitted]

Termination or Reduction of Commitment. (a) The Revolving Credit Commitment shall automatically terminate at 5:00 p.m. Boston time on the Maturity Date. The BorrowerBorrower may, upon notice to the Agent and each Lender in accordance with Section 4.4 and the repayment in full of the outstanding principal balance of the Loans (and accrued interest thereon) and the payment in full of any expenses or other fees owed by the Borrower to the Agent or any Lender under or pursuant to this Agreementfrom Borrower, may elect to terminate the Revolving Credit Commitment permanentlyLoan Commitment, whereupon or from time to time permanently reduce the Commitments Revolving Loan Commitment; provided that (i) any such notice shall be received by Agent not later than 12:00 p.m. (Chicago 29 [[7932149]] (b) Borrower may, upon notice to Agent from Borrower, terminate the Delayed Draw Term Loan Commitment, or from time to time permanently reduce the Delayed Draw Term Loan; provided that (i) any such notice shall be received by Agent not later than 12:00 p.m. (Chicago time) three (3) Business Days prior to the date of termination or reduction (or such shorter period of time as Agent may agree in its sole discretion) and (ii) any such reduction shall be in an aggregate amount of $250,000 or any whole multiple of $50,000 in excess thereof. Agent will promptly notify the Lenders of any such notice of termination or reduction of the Lenders applicable Delayed Draw Term Loan Commitment. Any reduction of the Delayed Draw Term Loan Commitment shall be terminated entirelyapplied to the Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender according to its Pro Rata Share of the Delayed Draw Term Loan Commitment. If any Letters of Credit would remain outstanding after All fees accrued until the effective date of any such termination, in addition to the satisfaction of all other applicable terms and conditions of this Agreement, the Borrower shall either deposit with and pledge to the Agent cash in an amount equal to 100% termination of the Letter of Credit Usage at Delayed Draw Term Loan Commitment shall be paid on the effective date of such termination, or (ii) arrange for the termination of such Letters of Credit and the return thereof to the Issuing Bank. No such termination may be reinstated. (c) The First Amendment Term Loan Commitments shall terminate as set forth in the First Amendment. (cd) Notwithstanding the foregoing, if such commitment termination pursuant to Section 1.15(a) or (b) The above is expressly conditioned upon the occurrence of any event, then Borrower may also, upon revoke such notice to and/or extend the Agent and each Lender in accordance with Section 4.4, reduce the Revolving Credit Commitment in integral multiples of $500,000, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages termination or reduction date set forth therein by the aggregate amount specified in not more than ten (10) Business Days if such notice. If, as a result of any such reduction, the aggregate outstanding balance of Revolving Credit Loans, Swing Line Advances plus the Letter of Credit Usage would exceed the Revolving Credit Commitment, the Borrower shall, as a condition precedent to any such reduction, deposit with and pledge to the Agent cash in an amount equal to 100% of such excess or to make repayments of outstanding Revolving Credit Loans and/or Swing Line Advances in an aggregate amount equal to such excess. No such reduction may be reinstatedis not satisfied.

Termination or Reduction of Commitment. (a) The Revolving Credit Commitment shall automatically terminate at 5:00 p.m. Boston time on the Maturity Date. The Borrower, upon notice to the Agent and each Lender in accordance with Section 4.4 and the repayment in full of the outstanding principal balance of the Revolving Credit Loans (and accrued interest thereon) and the payment in full of any expenses or other fees owed by the Borrower to the Agent or any Lender under or pursuant to this Agreement, may elect to terminate the Revolving Credit Commitment permanently, whereupon the Commitments of the Lenders shall be terminated entirely. If any Letters of Credit would remain outstanding after the effective date of any such termination, in addition to the satisfaction of all other applicable terms and conditions of this Agreement, the Borrower shall either deposit with and pledge to the Agent Fleet cash in an amount equal to 100% of the Letter of Credit Usage at the effective date of such termination, or (ii) arrange for the termination of such Letters of Credit and the return thereof to the Issuing BankFleet. No such termination may be reinstated. (b) The Borrower may also, upon notice to the Agent and each Lender in accordance with Section 4.4, reduce the Revolving Credit Commitment in integral multiples of $500,000, whereupon the Commitments of the Lenders shall be reduced pro rata in accordance with their respective Commitment Percentages by the aggregate amount specified in such notice. If, as a result of any such reduction, the aggregate outstanding balance of Revolving Credit Loans, Swing Line Advances Loans plus the Letter of Credit Usage would exceed the Revolving Credit Commitment, the Borrower shall, as a condition precedent to any such reduction, deposit with and pledge to the Agent Fleet cash in an amount equal to 100% of such excess or to make repayments of outstanding Revolving Credit Loans and/or Swing Line Advances in an aggregate amount equal to such excess. No such reduction may be reinstated.