Common use of Voluntary Commitment Reduction Clause in Contracts

Voluntary Commitment Reduction. Without premium or penalty, and upon giving not less than ten Business Days prior written and irrevocable notice to Administrative Agent, Borrower may terminate in whole or in part the unused portion of the Revolver Commitment; provided that: (i) each partial termination of the Revolver Commitment shall be in an amount of not less than $5,000,000 or a greater integral multiple of $1,000,000; (ii) on any date of determination, the amount of the Revolver Commitment may not be reduced below the Revolver Commitment Usage; and (iii) each reduction of the Total Commitment shall be allocated ratably among the Lenders' Revolver Commitments. At the time of any commitment termination under this Section 2.3, Borrower shall pay to Administrative Agent, for the account of each Revolver Lender all accrued and unpaid fees then due and payable under this Agreement and the interest attributable to the amount of that reduction.

Voluntary Commitment Reduction. Without premium or penalty, and upon giving not less than ten Business Days prior written and irrevocable notice to Administrative Agent, Borrower may terminate in whole or in part the unused portion of the Revolver Commitment; provided that: (i) each partial termination of the Revolver Commitment shall be in an amount of not less than $5,000,000 or a greater integral multiple of $1,000,000; and (ii) on any date of determination, the amount of the Revolver Commitment may not be reduced below the Revolver Commitment Usage; and (iii) each reduction of the Total Commitment shall be allocated ratably among the Lenders' Revolver Commitments. At the time of any commitment termination under this Section SECTION 2.3, Borrower shall pay to Administrative Agent, for the account of each Revolver Lender Lender, as applicable, all accrued and unpaid fees then due and payable under this Agreement Agreement, all accrued and the unpaid interest attributable to the amount of that reduction, and any related Consequential Loss. Any part of the Revolver Commitment that is terminated may not be reinstated.

Voluntary Commitment Reduction. Without premium or penalty, and upon giving not less than ten three Business Days prior written and irrevocable notice to Administrative Agent, Borrower may terminate in whole or in part the unused portion of the Revolver Commitment; , provided that: (i) each partial termination of the Revolver Commitment shall be in an amount of not less than $5,000,000 or a greater integral multiple of $1,000,000; and (ii) on any date of determination, the amount of the Revolver Commitment may not be reduced below the Revolver Commitment Usage; and (iii) each reduction of the Total Commitment shall be allocated ratably among the Lenders' Revolver Commitments. At the time of any commitment termination under this Section 2.3SECTION 2.2, Borrower shall pay to Administrative Agent, for the account of each Revolver Lender any amounts that may then be due under SECTION 3.3(c), all accrued and unpaid fees then due and payable under this Agreement and Agreement, the interest attributable to the amount of that reduction., and any related Consequential Loss. Any part of the Commitment that is terminated may not be reinstated. NBPLP CREDIT AGREEMENT