Common use of Mandatory Adjustments of Commitments, etc Clause in Contracts

Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Commitment of each Lender) shall terminate on the Facility Termination Date. (b) The Total Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of Loans are required to be made pursuant to Sections 5.2 (d), (e) or (f) in an amount equal to the required prepayment of principal of Loans that would be required to be made in such circumstance (whether or not any Loans are outstanding or any Letter of Credit Outstandings exist). Any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders. The Borrower will provide at least three Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), of any reduction of the Total Commitment pursuant to this Section 4.3(b), specifying the date and amount of the reduction. (c) The Total Commitment shall be permanently and automatically reduced, without notice of any kind, to $65,000,000 on the second anniversary of the Closing Date. Such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders.

Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Commitment of each Lender) shall terminate on the Facility Termination Date. (b) The Total Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of Loans are required to be made pursuant to Sections 5.2 (d), (e) or (f) in an amount equal to the required prepayment of principal of Loans that would be required to be made in such circumstance (whether or not any Loans are outstanding or any Letter of Credit Outstandings exist). Any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders. The Borrower will provide at least three Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), of any reduction of the Total Commitment pursuant to this Section 4.3(b), specifying the date and amount of the reduction. (c) The Total Commitment shall be permanently and automatically reduced, without notice of any kind, to (i) $70,000,000 on the first anniversary of the Closing Date, and (ii) $65,000,000 on the second anniversary of the Closing Date. Such Any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders.

Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Commitment of each Lender) shall terminate on the Facility Termination Date. (b) The Total Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of Loans are required to be made pursuant to Sections Section 5.2 (d), (e) or (fb) in an amount equal to the required prepayment of principal of Loans that would be required to be made in such circumstance (whether or not any Loans or Swingline Loans are outstanding or any Letter of Credit Outstandings exist). Any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders. The Borrower Representative will provide at least three Business Days’ ' prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), of any reduction of the Total Commitment pursuant to this Section 4.3(b), specifying the date and amount of the reduction. (c) The Total Commitment shall be permanently and automatically reduced, without notice of any kind, to $65,000,000 on the second anniversary of the Closing Date. Such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders.