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Voluntary Termination or Reduction
Voluntary Termination or Reduction contract clause examples

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of either Class of Commitment; provided that # each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof (or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with [Section 2.10], the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of either 1">Class of Commitment;1">Class; provided that # each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof (or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class3"> of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with [Section 2.10], the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of either 1">Class of Commitment;1">Class; provided that # each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof (or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class3"> of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with [Section 2.10], the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of either Class of Commitment; provided that # each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof1"> (or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with [Section 2.10], the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of either Class of Commitment; provided that # each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof1"> (or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with [Section 2.10], the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of either Class of Commitment; provided that # each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof1"> (or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with [Section 2.10], the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of either Class of Commitment; provided that # each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $5,000,000 in excess thereof 1">(or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with 3">[Section3">Section 2.5">10],5">10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

Voluntary Termination or Reduction. The Borrower may at any time terminate, or from time to time reduce, the Commitments of 1">either Class of Commitment;1">any Class; provided that # each reduction of the Commitments of a Class shall be in an amount that is 3">$10,3">$5,000,000 (or, if less, the entire 5">remaining amount of the Commitments of 7">such7">any Class) or a larger multiple of $5,000,000 in excess thereof9"> (or, if less, the entire amount of the Commitments of such Class) and # the Borrower shall not terminate or reduce the Commitments of either Class11"> of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with [Section 2.10], the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.13"> Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under [Section 2.04(a)(i)] and the Letters of Credit permitted under [Section 2.05(c)(i)] shall result in a dollar-for-dollar reduction of such amounts as applicable.

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