Common use of Termination or Reduction of Commitment Clause in Contracts

Termination or Reduction of Commitment. The Borrower shall have the right, upon not less than three Business Days' irrevocable written notice, to terminate either Commitment or, from time to time, to reduce the amount of such Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $500,000 or an integral multiple of $100,000 in excess thereof, (ii) shall reduce permanently the amount of such Commitment then in effect, and (iii) shall be accompanied by prepayment of the applicable Revolving Credit Loans outstanding to the extent, if any, that the Loans then outstanding exceed the amount of such Commitment as then reduced, together with accrued interest on the amount so prepaid to and including the dates of each such prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder, and (b) any such termination of such Commitment shall be accompanied by prepayment in full of the applicable Revolving Credit Loans and all obligations in respect of SBLCs together with accrued interest thereon to and including the date of prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder.

Termination or Reduction of Commitment. The Borrower shall have the right, upon not less than three Business Days' irrevocable written notice, to terminate either Commitment or, from time to time, to reduce the amount of such Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $500,000 or an integral multiple of $100,000 in excess thereof, (ii) shall reduce permanently the amount of such Commitment then in effect, and (iii) shall be accompanied by prepayment of the applicable Revolving Credit Loans outstanding to the extent, if any, that the Loans then outstanding exceed the amount of such Commitment as then reduced, together with accrued interest on the amount so prepaid to and including the dates of each such prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder, and (b) any such termination of such Commitment shall be accompanied by prepayment in full of the applicable Revolving Credit Loans and all obligations in respect of SBLCs together with accrued interest thereon to and including the date of prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder.

Termination or Reduction of Commitment. The Borrower shall have the right, upon not less than three Business Days' irrevocable written notice, to terminate either the Commitment or, from time to time, to reduce the amount of such the Commitment; PROVIDED, provided that THAT (a) any such reduction (i) shall be in the minimum amount of $500,000 or an integral a multiple of $100,000 in excess thereof, (ii) shall reduce permanently the amount of such the Commitment then in effect, and (iii) shall be accompanied by prepayment of the applicable Revolving Credit Loans outstanding to the extent, if any, that the Loans then outstanding exceed the amount of such the Commitment as then reduced, together with accrued interest on the amount so prepaid to and including the dates of each such prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder, and (b) any such termination of such the Commitment shall be accompanied by prepayment in full of the applicable Revolving Credit Loans outstanding and all obligations in respect of SBLCs together with accrued interest thereon to and including the date of prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder.

Termination or Reduction of Commitment. The Borrower shall have the right, upon not less than three Business Days' irrevocable written notice, to terminate either the Commitment or, from time to time, to reduce the amount of such the Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $500,000 100,000 or an integral a multiple of $100,000 in excess thereof, (ii) shall reduce permanently the amount of such the Commitment then in effect, and (iii) shall be accompanied by prepayment of the applicable Revolving Credit Loans outstanding to the extent, if any, that the Loans then outstanding exceed the amount of such the Commitment as then reduced, together with accrued interest on or the amount so prepaid to and including the dates of each such prepayment and any amounts payable pursuant to Section 2.14 2.13 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder, and (b) any such termination of such the Commitment shall be accompanied by prepayment in full of the applicable Revolving Credit Loans outstanding and all obligations in respect of SBLCs together with accrued interest thereon to and including the date of prepayment and any amounts payable pursuant to Section 2.14 2.15 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder.

Termination or Reduction of Commitment. The Borrower shall have -------------------------------------- the right, upon not less than three Business Days' irrevocable written notice, to terminate either the Commitment or, from time to time, to reduce the amount of such the Commitment, provided that (a) any such reduction (i) shall be in the minimum amount of $500,000 100,000 or an integral a multiple of $100,000 in excess thereof, (ii) shall reduce permanently the amount of such the Commitment then in effect, and (iii) shall be accompanied by prepayment of the applicable Revolving Credit Loans outstanding to the extent, if any, that the Loans then outstanding exceed the amount of such the Commitment as then reduced, together with accrued interest on the amount so prepaid to and including the dates of each such prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder, and (b) any such termination of such the Commitment shall be accompanied by prepayment in full of the applicable Revolving Credit Loans and all obligations in respect of SBLCs Letters of Credit outstanding and together with accrued interest thereon to and including the date of prepayment and any amounts payable pursuant to Section 2.14 in connection therewith and the payment of any unpaid commitment fee applicable to such commitment then accrued hereunder.