Maximum Borrowing Amounts. (a) The Alternate Currency Lender Maximum Borrowing Amount for each Alternate Currency Lender party to this Addendum is set forth on Schedule I. The Alternate Currency Facility Maximum Borrowing Amount under this Addendum is set forth on Schedule I. (b) Upon at least 2 Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, the Company may from time to time reduce (including to zero) the aggregate Alternate Currency Lender Maximum Borrowing Amounts under this Addendum; provided, however, that (i) each partial reduction shall be in an integral multiple of [$1,000,000] and in a minimum principal amount of [ ] and (ii) no such reduction shall be permitted if, after giving effect thereto, to any repayments of Loans made on the effective date thereof and to any adjustments under Section 2.24(a) and (b) of the Credit Agreement (A) the Dollar Equivalent of all Loans outstanding under this Addendum would exceed the Alternate Currency Facility Maximum Borrowing Amount under this Addendum or (B) the Dollar Equivalent of all Loans of any Alternate Currency Lender outstanding under this Addendum would exceed the Alternate Currency Lender Maximum Borrowing Amount of such Alternate Currency Lender. Any such reduction shall be allocated pro rata among all the Alternate Currency Lenders party to this Addendum by reference to their respective Alternate Currency Lender Maximum Borrowing Amounts hereunder (and without taking into account Section 2.24 of the Credit Agreement).
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Sources: Competitive Advance and Revolving Credit Facility Agreement (Readers Digest Association Inc)
Maximum Borrowing Amounts. (a) The Alternate amount of the Local Currency Lender Maximum Borrowing Amount Commitment for each Alternate Local Currency Lender Bank party to this Addendum is set forth on Schedule I. I or in the Assignment and Acceptance pursuant to which such Local Currency Bank became a party hereto, in each case as such amount may be modified pursuant to subsection (b) below or pursuant to an assignment made in accordance with Section 4.02. The Alternate Local Currency Facility Maximum Borrowing Amount under this Addendum Aggregate Commitment as of the date hereof is set forth on Schedule I.I and the Local Currency Facility Aggregate Commitment as at any other time shall be the sum of all of the Local Currency Commitments at such time.
(b) Upon at least 2 three (3) Business Days' Days prior irrevocable written or telecopy notice to the Administrative Agent, the Company may from time to time permanently reduce (including to zero) the aggregate Alternate Local Currency Lender Maximum Borrowing Amounts Commitments under this AddendumAddendum in whole, or in part ratably among the Local Currency Banks, in an aggregate minimum and integral amounts of [$1,000,000]; provided, however, that (i) each partial reduction shall the amount of the Local Currency Commitments may not be in an integral multiple of [$1,000,000] and in a minimum reduced below the aggregate principal amount of [ ] and (ii) no such the outstanding Local Currency Advances with respect thereto. Any reduction in the Local Currency Commitments shall be permitted if, after giving effect thereto, to any repayments of Loans made on the effective date thereof and to any adjustments under Section 2.24(a) and (b) an automatic reduction of the Credit Agreement (A) the Dollar Equivalent of all Loans outstanding under this Addendum would exceed the Alternate Local Currency Facility Maximum Borrowing Amount under this Addendum or (B) the Dollar Equivalent of all Loans of any Alternate Currency Lender outstanding under this Addendum would exceed the Alternate Currency Lender Maximum Borrowing Amount of such Alternate Currency LenderAggregate Commitment. Any such reduction shall be allocated pro rata among all the Alternate Local Currency Lenders Banks party to this Addendum by reference to their respective Alternate Local Currency Lender Maximum Borrowing Amounts hereunder (and without taking into account Section 2.24 of the Credit Agreement)Commitments.
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