Common use of Voluntary Reduction or Termination Clause in Contracts

Voluntary Reduction or Termination. On or after the Closing Date, Borrower may upon at least three Banking Days' notice to Agent at the Agency Office, terminate in whole at any time, or ratably reduce from time to time by an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof, the then unutilized Commitments of the Banks. If the Commitments are terminated in their entirety, all accrued Fees thereon shall be payable on the effective date of such termination.