Common use of Reduction or Termination of the Credit Clause in Contracts

Reduction or Termination of the Credit. The Company may from time to time, upon at least five (5) Banking Days' prior written notice received by the Agent (which shall promptly advise each Bank thereof), permanently reduce the amount of the Credit (such reduction to be made among the Banks according to their respective pro rata share of the Credit), but only upon payment of the outstanding principal of the Notes in excess of the then reduced amount of the Credit, plus accrued interest to the date of such payment on the principal amount being repaid; PROVIDED, HOWEVER, that any reduction of the Credit which would require payment of a Eurodollar Advance may be made only on the last day of the relevant Interest Period for such Eurodollar Advance. Any such reduction shall be in a minimum amount of $1,000,000 or in an integral multiple of $1,000,000. The Company may at any time on like notice terminate the Credit upon payment in full of the outstanding Notes and other liabilities of the Company hereunder.

Reduction or Termination of the Credit. The Company may from time to time, upon at least five (5) Banking Days' prior written notice received by the Agent (which shall promptly advise each Bank thereof), permanently reduce the amount of the Credit (such reduction to be made among the Banks according to their respective pro rata share of the Credit), but only upon payment of the outstanding principal of the Notes in excess of the then reduced amount of the Credit, plus accrued interest to the date of such payment on the principal amount being repaid; PROVIDEDprovided, HOWEVERhowever, that any reduction of the Credit which would require payment of a Eurodollar Advance may be made only on the last day of the relevant Interest Period for such Eurodollar Advance. Any such reduction shall be in a minimum amount of $1,000,000 or in an integral multiple of $1,000,000. The Company may at any time on like notice terminate the Credit upon payment in full of the outstanding Notes and other liabilities of the Company hereunder.