Common use of Voluntary Reduction of Commitment Clause in Contracts

Voluntary Reduction of Commitment. Upon at least three (3) Business Days' prior written notice, the Company shall have the right, without premium or penalty, to reduce or terminate the Commitments, in whole or in part, in the amount of $5,000,000.00 or integral multiples thereof.

Voluntary Reduction of Commitment. Upon at least three five (35) Business Days' prior written notice, the Company shall have the right, without premium or penalty, to reduce ratably in part or terminate the Commitments, in whole or in part, the unused portions of the respective Commitments of the Banks provided that each partial reduction shall be in the aggregate amount of $5,000,000.00 5,000,000 or any integral multiples multiple of $1,000,000 in excess thereof.

Voluntary Reduction of Commitment. Upon at least three (3) Business Days' prior written notice, the Company shall have the right, without premium or penalty, to reduce or terminate terminate: (i) the Revolving Loan Credit Commitments, in whole or in part, in the amount of $5,000,000.00 1,500,000.00 or integral multiples thereof, and (ii) the Acquisition Loan Commitment, in whole or in part, in the amount of $3,000,00.00.

Voluntary Reduction of Commitment. Upon at least three (3) Business Days' prior written notice, the Company shall have the right, without premium or penalty, to reduce or terminate the Commitments, Commitment in whole part or in partwhole, provided, that any reduction shall be in the amount of $5,000,000.00 500,000.00 or integral multiples thereofthereof and, provided, further, the Company shall have made comparable provisions reducing the outstanding principal balance owing on its Indebtedness owing to the Other Senior Lenders in accordance with the terms of the Intercreditor Agreement.