Common use of Voluntary Reduction of the Commitments Clause in Contracts

Voluntary Reduction of the Commitments. The Borrower may from time to time, upon notice to Administrative Agent not later than 1:00 p.m., five Business Days in advance, terminate in whole or reduce in part either of the Commitments, as designated by the Borrower; provided, however, that the Borrower -------- ------- shall pay the accrued interest and the applicable Commitment Fee on the amount of such reduction and all amounts due, and any partial reduction shall be in an aggregate amount which is an integral multiple of $5,000,000. No voluntary reduction in the Commitments permitted by this Section 2.11(d) shall reduce or relieve the automatic scheduled reduction of the Commitments required by Section 2.11(b) above.