Common use of Voluntary Reduction of Commitments Clause in Contracts

Voluntary Reduction of Commitments. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. three (3) Business Days (or such shorter period agreed to by the Administrative Agent in writing) prior to the date of termination or reduction and (ii) any such partial reduction shall be in an aggregate amount of $1,000,000 or any whole multiple of $1,000,000 in excess thereof.

Voluntary Reduction of Commitments. The Commitments may be terminated or permanently reduced in whole or in part by the Borrower may, upon three (3) Business Days' prior written notice to the Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) after giving effect to any such notice voluntary reduction the aggregate amount of Obligations shall be received by not exceed the Administrative Agent not later than 11:00 a.m. three (3) Business Days (or such shorter period agreed to by the Administrative Agent in writing) prior to the date of termination or reduction Aggregate Revolving Committed Amount, as reduced, and (ii) any such partial reduction reductions shall be in an aggregate a minimum principal amount of $1,000,000 or any whole multiple 5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Voluntary Reduction of Commitments. The Borrower may, At any time upon at least five Business Days' prior notice to the Administrative AgentAgent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Banks), terminate the Aggregate CommitmentsBorrower shall have the right, without premium or from time penalty, to time permanently reduce the Aggregate Commitments; Total Commitment in whole or in part, in integral multiples of $5,000,000, provided that (i) any no such notice reduction shall be received by exceed the Administrative Agent not later than 11:00 a.m. three (3) Business Days (or such shorter period agreed to by the Administrative Agent in writing) prior amount equal to the date amount of termination or reduction and (ii) any the Total Unutilized Commitment as in effect immediately before giving effect to such partial reduction. Any such reduction shall be in an aggregate amount apply proportionately to reduce the Commitment of $1,000,000 or any whole multiple of $1,000,000 in excess thereofeach Bank.

Voluntary Reduction of Commitments. The Commitments may be terminated or permanently reduced in whole or in part by the Borrower may, upon three Business Days prior written notice to the Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) after giving effect to any such notice voluntary reduction the aggregate amount of Obligations shall be received by not exceed the Administrative Agent not later than 11:00 a.m. three (3) Business Days (or such shorter period agreed to by the Administrative Agent in writing) prior to the date of termination or reduction Aggregate Revolving Committed Amount, as reduced, and (ii) any such partial reduction reductions shall be in an aggregate a minimum principal amount of $1,000,000 or any whole multiple 1 million, and in integral multiples of $1,000,000 100,000 in excess thereof.