Common use of Decrease in Commitment Clause in Contracts

Decrease in Commitment. Notwithstanding anything to the contrary herein or in any of the Loan Documents, and so long as no Event of Default exists, Borrower may decrease, but not increase, the maximum principal amount available for borrowing under Line of Credit B (a "Decreased Commitment-Line of Credit B"), subject to all terms, conditions and limitations set forth herein and in Line of Credit Note B, upon ten (10) days prior written notice to Bank in accordance with the provisions of Section 7.2 hereof, provided that (i) a proportionate decrease has been requested to Line of Credit A pursuant to the provisions of Section 1.1(d) hereof, based upon the total commitments then outstanding under Line of Credit A and Line of Credit B; and (ii) at the time that Borrower requests the Decreased Commitment-Line of Credit B and at all times thereafter until implementation of the decrease by Bank, the outstanding principal balance of Line of Credit B is equal to or less than the Decreased Commitment. Borrower agrees to execute and deliver any documents reasonably requested by Bank to effectuate such Decreased Commitment.

Decrease in Commitment. Notwithstanding anything to the contrary herein or in any of the Loan DocumentsDocuments (as defined in Section 2.2 hereof), and so long as no Event of Default exists, Borrower may decrease, but not increase, the maximum principal amount available for borrowing under Line of Credit B A (a "Decreased Commitment-Line of Credit BA"), subject to all terms, conditions and limitations set forth herein and in Line of Credit Note BA, upon ten (10) days prior written notice to Bank in accordance with the provisions of Section 7.2 hereof, provided that that: (i) a proportionate decrease has been requested to Line of Credit A B (as defined in Section 1.2(a) below) pursuant to the provisions of Section 1.1(d1.2(d) hereof, based upon the total commitments then outstanding under Line of Credit A and Line of Credit B; and (ii) at the time that Borrower requests the Decreased Commitment-Line of Credit B A and at all times thereafter until implementation of the decrease by Bank, the outstanding principal balance of Line of Credit B A is equal to or less than the Decreased Commitment. Borrower agrees to execute and deliver any documents reasonably requested by Bank to effectuate such Decreased Commitment.