Common use of Voluntary Termination/Reduction of Commitments Clause in Contracts

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days’ prior irrevocable written notice (or telephonic notice confirmed in writing) to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right to: (a) terminate in whole the Total Commitment, provided that all outstanding Loans are contemporaneously prepaid in accordance with Section 4.2; or (b) partially and permanently reduce the Unutilized Total Commitment, provided that (i) any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the Lenders; and (ii) any partial reduction of the Unutilized Total Commitment pursuant to this Section 3.3(b) shall be in the amount of at least $10,000,000 (or, if greater, in integral multiples of $500,000).

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days’ ' prior irrevocable written notice (or telephonic notice confirmed in writing) to the Administrative Agent at the its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right right, without premium or penalty, to: (a) terminate in whole the Total Commitment, provided PROVIDED that all outstanding Loans are contemporaneously prepaid in accordance with Section 4.2section 5.1 and no Letters of Credit remain outstanding; orand/or (b) partially and permanently reduce the Unutilized Total Commitment, provided PROVIDED that (i) any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the Lenders; and (ii) any partial reduction of the Unutilized Total Commitment pursuant to this Section 3.3(bsection 4.2(b) shall be in the amount of at least $10,000,000 5,000,000 (or, if greater, in integral multiples of $500,0001,000,000).

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days’ ' prior irrevocable written notice (or telephonic notice confirmed in writing) to the Administrative Agent at the its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right right, without premium or penalty, to: (a) terminate in whole the Total Commitment, provided PROVIDED that all outstanding Loans are contemporaneously prepaid in accordance with Section 4.2section 5.1; orand (b) partially and permanently reduce the Unutilized Total General Revolving Commitment, provided that (i) PROVIDED that: any such reduction shall apply to proportionately and permanently reduce the General Revolving Commitment of each of the Lenders; and (ii) any partial reduction of the Unutilized Total General Revolving Commitment pursuant to this Section 3.3(bsection 4.1(b) shall be in the amount of at least $10,000,000 1,000,000 (or, if greater, in integral multiples of $500,0001,000,000).