Common use of Voluntary Reduction or Termination of the Revolving Commitment Amount Clause in Contracts

Voluntary Reduction or Termination of the Revolving Commitment Amount. Voluntary Reduction of the Term Loan A Maximum Amount. (a) The Funds Administrator may, from time to time on at least five (5) Business Days' prior written notice received by the Agent (which shall promptly advise each Lender thereof), permanently reduce the Revolving Commitment Amount to an amount not less than the Revolving Outstandings. Any such reduction shall be in an amount not less than $100,000 or a higher integral multiple of $100,000. Concurrently with any reduction of the Revolving Commitment Amount to zero, the Borrowers shall pay all interest on such Loans, all non-use fees and all letter of credit fees and shall Cash Collateralize in full all obligations arising with respect to the Letters of Credit. (b) At any time prior to September 1, 2000, the Funds Administrator may, on at least five (5) Business Days' prior written notice received by the Agent (which shall promptly advise each Lender thereof), permanently reduce the Term Loan A Maximum Amount to an amount not less than the then outstanding principal amount of the Term Loans A. Any such reduction shall be in an amount not less than $100,000 or a higher integral multiple of $100,000. Concurrently with any reduction of the Term Loan A Maximum Amount to the then outstanding principal amount of the Term Loans A, the Borrowers shall pay all accrued but unpaid non-use fees in respect thereof.