Reduction or Termination of Revolving Committed Amount. Upon at least three Business Days’ notice to the Administrative Agent, the Borrowers shall have the right to permanently terminate or reduce the aggregate unused amount of the Revolving Committed Amount at any time or from time to time; provided that # each partial reduction shall be in an aggregate amount at least equal to $5,000,000 and in integral
ReductionSECTION # Termination or TerminationReduction of Revolving Committed Amount. Upon at leastCredit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Borrowers shall have the rightRevolving Credit Commitments or, from time to permanently terminate ortime, to reduce the aggregate unused amount of the Revolving Committed Amount atCredit Commitments (it being understood and agreed that any timesuch notice may be conditioned on the occurrence of a transaction and, if such condition is not satisfied on or from timeprior to time;the date of such termination or reduction, may be revoked by the Borrower in a written notice to the Administrative Agent); provided that # eachno such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any partial reduction shall be in an aggregate amount at least equal to $5,$1,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in integraleffect.
Reduction or Termination of Revolving Committed Amount. Upon at least three (3) Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent,Agent (which notice shall be irrevocable), the Borrowers shall have the right to permanently terminate orBorrower may reduce the aggregate unused amount ofAggregate Revolving Commitments in part or terminate the Aggregate Revolving Committed Amount at any time or from time to time;Commitments in whole; provided that # eachany partial reduction shall apply to reduce proportionately and permanently the Revolving Commitment of each Lender, # any partial reduction pursuant to this Section shall be in an aggregate amount of at least equal to $5,000,000 and any larger multiple of $1,000,000, and # no such reduction shall be permitted which would reduce the Aggregate Revolving Commitment Amount to an amount less than the aggregate outstanding Revolving Credit Exposure of all Lenders. Any such reduction in integralthe Aggregate Revolving Commitment Amount below the principal amount of the Swingline Commitment and the LC Commitment shall result in a dollar-for-dollar reduction in the Swingline Commitment and the LC Commitment.
Reduction or Termination of Aggregate Revolving Committed Amount. UponCommitments. The Company may permanently reduce the Aggregate Revolving Commitment in whole (thereby terminating all Revolving Commitments of the Lenders), or from time to time in part ratably among the Lenders in integral multiples of $10,000,000, upon at least three Business Days’Days written notice to the Administrative Agent, which notice shall specify the Borrowers shall haveamount of any such reduction and may be conditioned upon the right to permanently terminate or reduceconsummation of replacement financing; provided that the aggregate unused amount of the Aggregate Revolving Committed Amount at any time or from time to time; provided that # each partial reduction shallCommitment may not be in an aggregate amount at least equal to $5,000,000 and in integralreduced below the Aggregate Outstanding Revolving Credit Exposure.
Section # Termination or Reduction or Termination of Revolving Committed Amount. UponCommitments. The Borrower may, upon at least three Business Days’ irrevocable notice to the Administrative Agent, terminate the Borrowers shall have the rightCommitments at any time, if no Loans are outstanding at such time, or ratably reduce from time to permanently terminatetime by an aggregate amount of $5,000,000 or reducea larger multiple of $1,000,000, the aggregate unused amount of the Revolving Committed Amount at any time or from timeCommitments in excess of the Total Outstanding Amount. Promptly after receiving a notice pursuant to time; provided that #this subsection, the Administrative Agent shall notify each partial reduction shall be in an aggregate amount at least equal to $5,000,000 and in integralLender of the contents thereof.
Voluntary Termination or Reduction or Termination of Revolving Committed Amount. Upon at least three Business Days’Commitments. Borrower may, upon written notice to the Administrative Agent, the Borrowers shall have the right to permanently terminate or reduce the aggregate unused amount of the Revolving Committed Amount at any timeCredit Commitments or the Term Loan Commitments, or from time to time;time permanently reduce the Revolving Credit Commitments or Term Loan Commitments; provided that # eachany such notice shall be received by Administrative Agent not later than 11:00 a.m. three (3) Business Days (or such shorter period as Administrative Agent may agree in its sole discretion) prior to the date of termination or reduction, # any such partial reduction shall be in an aggregate amount at least equalof $1,000,000 or any whole multiple of $1,000,000 in excess thereof, and # Borrower shall not terminate or reduce the Revolving Credit Commitments if, after giving effect thereto and to $5,000,000 and in integralany concurrent prepayments hereunder, the Revolving Credit Exposure of all Revolving Credit Lenders would exceed the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders. Administrative Agent will promptly notify Revolving Credit Lenders of any such notice of termination or reduction of the Revolving Credit Commitments. Any reduction of the
Reduction or Termination of Revolving Committed Amount. Upon at least three Business Days’The Borrower may, upon notice to the Administrative Agent, terminate the Borrowers shall haveAggregate Revolving Commitments and/or the right to permanently terminate or reduce the aggregate unused amount of the Revolving Committed Amount at any timeAggregate Term Loan Commitments, or from time to time;time permanently reduce such Commitments (with respect to the Aggregate Revolving Commitments, to an amount not less than the Outstanding Amount of Revolving Loans and L/C Obligations); provided that # eachany such notice shall be received by the Administrative Agent not later than 11:00 a.m. five (5) Business Days prior to the date of termination or reduction, # any such partial reduction shall be in an aggregate amount at least equalof $10,000,000 or any whole multiple of $1,000,000 in excess thereof, # the Borrower shall not terminate or reduce the Aggregate Revolving Commitments if, after giving effect thereto and to $5,000,000any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments and in integral# if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Commitments, such Swing Line Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the of any such notice of termination or reduction of such Commitments. Any reduction of Commitments shall be applied to the applicable Commitment of each Lender according to its Applicable Percentage. All fees accrued with respect thereto until the effective date of any termination of the Commitments shall be paid on the effective date of such termination.
Partial Reduction or Termination of Total Revolving Committed Amount.Commitment. Upon at least three Business Days’ prior irrevocable written notice (or telephonic notice confirmed in writing) to the Administrative Agent,Agent at its Notice Office (which notice the BorrowersAdministrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right to partially and permanently terminate or reduce the aggregate unused amount ofUnused Total Revolving Commitment; provided, however, that # any such reduction shall apply to proportionately, except as set forth in Sections 2.18 (based on each Lender’s Revolving Facility Percentage) and permanently reduce the Revolving Committed Amount atCommitment of each Lender, # such reduction shall apply to proportionately, except as set forth in Sections 2.18, and permanently reduce the LC Commitment Amount, but only to the extent that the Unused Commitment would be reduced below any timesuch limits, # no such reduction shall be permitted if the Borrower would be required to make a mandatory prepayment of Loans or from timecash collateralize Letters of Credit pursuant to time; provided that[Section 2.13], and # eachany partial reduction shall be in an aggregatethe amount of at least equal to $5,000,000 and(or, if greater, in integral multiples of $1,000,000).
Section # Optional Termination or Reduction or Termination of Commitments. During the Revolving Committed Amount. UponCredit Period, the Company may, upon at least three Business Days’ notice to the Administrative Agent, the Borrowers shall have the right to permanently terminate orratably reduce the aggregate unused amount of the Revolving Committed Amount at any time or from time to time; provided that # each partial reduction shall be intime by an aggregate amount at least equal toof $25,000,000 or any larger multiple of $5,000,000 andthe Aggregate Commitments in integralexcess of the Aggregate Outstanding Amount. Once reduced or terminated, the Aggregate Commitments may not be reinstated. The Administrative Agent shall provide each Bank with prompt notice of any reduction or termination of the Aggregate Commitments.
Voluntary Termination or Reduction or Termination of Revolving Committed Amount. Upon at least three Business Days’Commitments. Borrower may, upon written notice to the Administrative Agent, the Borrowers shall have the right to permanently terminate or reduce the aggregate unused amount of the Revolving Committed Amount at any timeCredit Commitments or the Term Loan Commitments, or from time to time;time permanently reduce the Revolving Credit Commitments or Term Loan Commitments; provided that # eachany such notice shall be received by Administrative Agent not later than 11:00 a.m. three (3) Business Days (or such shorter period as Administrative Agent may agree in its sole discretion) prior to the date of termination or reduction, # any such partial reduction shall be in an aggregate amount at least equalof $1,000,000 or any whole multiple of $1,000,000 in excess thereof, and # Borrower shall not terminate or reduce the Revolving Credit Commitments if, after giving effect thereto and to $5,000,000 and in integralany concurrent prepayments hereunder, the Revolving Credit Exposure of all Revolving Credit Lenders would exceed the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders. Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction. Any reduction of the Revolving Credit Commitments or Term Loan Commitments shall be applied to the Revolving Credit Commitment of each Revolving Credit Lender or the Term Loan Commitment of each Term Loan Lenders, as applicable, according to its relevant Applicable Percentage. All fees accrued until the effective date of any termination of the Revolving Credit Commitments or Term Loan Commitments shall be paid on the effective date of such termination.
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