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

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, to: (a) terminate the Total General Revolving Commitment, PROVIDED that (i) the Total Term Loan Commitment and the Total Swing Line Revolving Commitment are each simultaneously terminated; and

Voluntary Termination/Reduction of Commitments. Upon at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, without premium or penalty, right to: (a) terminate the Total General Revolving Commitment, PROVIDED that (i) the Total Term Loan Commitment and the Total Swing Line Revolving Commitment are each simultaneously terminated; and