Common use of Reductions of Commitments Clause in Contracts

Reductions of Commitments. (a) Unless previously reduced to zero, the Total Commitment and each LC Commitment shall be reduced to zero on the Commitment Termination Date. (b) The Borrower may at any time or from time to time reduce the Total Commitment; provided that (i) each reduction of the Total Commitment (other than a reduction of the Total Commitment to zero) shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not reduce the Total Commitment if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the aggregate Credit Exposures would exceed the Total Commitment. (c) The Borrower shall notify the Administrative Agent of any election to reduce the Total Commitment under paragraph (b) of this Section at least three Business Days prior to the effective date of such reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of reduction of the Total Commitment to zero delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or financings, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any reduction of the Total Commitment shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.

Reductions of Commitments. (a) Unless previously reduced to zeroterminated, all the Total Commitment Commitments and each LC Commitment shall be reduced to zero terminated on the Commitment Termination Date. (b) The Borrower may at any time or from time to time reduce or terminate the Total CommitmentCommitments; provided that (i) each reduction of the Total Commitment Commitments (other than a reduction the termination of all the Total Commitment to zeroCommitments) shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not reduce the Total Commitment Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the aggregate Credit Exposures would exceed the Total Commitment. (c) The Borrower shall notify the Administrative Agent of any election to reduce the Total Commitment Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of reduction termination of all the Total Commitment to zero Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or financings, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any reduction of the Total Commitment Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.

Reductions of Commitments. (a) Unless previously reduced to zero, the Total Commitment and each LC Commitment shall be reduced to zero on the Commitment Termination Date. (b) The Borrower may at any time or from time to time reduce the Revolving Total Commitment or the DF Total Commitment; provided that (i) each reduction of the Revolving Total Commitment or the DF Total Commitment (other than a reduction of the Total Commitment to zero) shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not reduce (A) the Revolving Total Commitment if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.082.09, the aggregate Revolving Credit Exposures would exceed the Revolving Total Commitment or (B) the DF Total Commitment if, after giving effect to any concurrent prepayment of the DF Loans in accordance with Section 2.09, the aggregate DF Credit Exposures would exceed the DF Total Commitment. (c) The Borrower shall notify the Administrative Agent of any election to reduce the Revolving Total Commitment or the DF Total Commitment under paragraph (b) of this Section at least three Business Days prior to the effective date of such reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of reduction of the Revolving Total Commitment or the DF Total Commitment to zero delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or financings, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any reduction of the Revolving Total Commitment or the DF Total Commitment shall be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective CommitmentsCommitments of such Class.