Common use of Voluntary Termination or Reduction of Commitment Clause in Contracts

Voluntary Termination or Reduction of Commitment. The Company may, upon not less than ninety (90) days' prior written notice to the Administrative Agent, terminate the Banks' commitment to make Loans to the Company, or permanently reduce the Maximum Commitment Amount by a minimum amount of $1,000,000.00 or any multiple of $1,000,000.00 in excess thereof; provided, however, that the Company shall reduce the Maximum Commitment Amount from time to time so as not to exceed the "Maximum Commitment Amount" under and as defined in the Secured Loan Agreement. Once reduced in accordance with this Section 2.5, the Maximum Commitment Amount may not be increased. Any reduction of the commitment amounts shall be applied to each Bank according to its Pro Rata Share.

Voluntary Termination or Reduction of Commitment. The Company may, upon not less than ninety (90) days' prior written notice to the Administrative Agent, terminate the Banks' commitment to make Loans to the Company, or permanently reduce the Maximum Commitment Amount by a minimum amount of $1,000,000.00 or any multiple of $1,000,000.00 in excess thereof; provided, however, that the Company shall reduce the Maximum Commitment Amount from time to time so as not to exceed the "Maximum Commitment Amount" under and as defined in the Secured Loan Agreement. Once reduced in accordance with this Section 2.52.6, the Maximum Commitment Amount may not be increased. Any reduction of the commitment amounts shall be applied to each Bank according to its Pro Rata Share.

Voluntary Termination or Reduction of Commitment. The Company may, upon not less than ninety (90) daysfive Business Days' prior written notice to the Administrative AgentAgent (which shall promptly notify each Bank thereof), terminate the Banks' commitment to make Loans to the CompanyCommitment, or permanently reduce the Maximum Commitment Amount by a an aggregate minimum amount of $1,000,000.00 5,000,000 or any multiple of $1,000,000.00 1,000,000 in excess thereof; providedunless, howeverafter giving effect thereto and to any prepayments of Revolving Loans made on the effective date thereof, that the Company shall reduce then-outstanding principal amount of the Maximum Commitment Amount from time to time so as not to Revolving Loans would exceed the "Maximum amount of the Commitment Amount" under and as defined then in the Secured Loan Agreementeffect. Once reduced in accordance with this Section 2.5, the Maximum Commitment Amount may not be increased. Any reduction of the commitment amounts Commitment shall be applied to each Bank according to its Pro Rata Share.