Reductions of the Commitments Clause Samples

Reductions of the Commitments. (a) On any Business Day ----------------------------- during the Revolving Period, the Transferor, on behalf of the Trust, may, upon thirty (30) days' prior written notice (effective upon receipt) to the Agent (with a copy thereof to the Trustee) irrevocably reduce or terminate the Commitments (a "Commitment Reduction") in an aggregate amount equal to -------------------- $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided that no -------- such reduction shall be permitted if, after giving effect thereto and to any reduction in the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇ Invested Amount on such date, the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇ Invested Amount would exceed the Aggregate Commitment Amount then in effect or if the Commitments would be reduced to an amount less than $50,000,000. Each Series 1999-1 Certificateholder's Commitment shall be reduced by such Series 1999-1 Certificateholder's Commitment Percentage of the amount of such Commitment Reduction. (b) Once reduced, the Commitments may not be subsequently reinstated without the written consent of each Series 1999-1 Certificateholder. Upon effectiveness of any such reduction, the Agent shall prepare a revised Schedule -------- 1 to this Supplement in order to reflect the reduced Commitment of each Series - 1999-1 Certificateholder and Schedule 1 to this Supplement shall be deemed to be ---------- automatically superseded by such revised Schedule 1. The Agent shall promptly ---------- distribute such revised Schedule 1 to the Transferor, the Servicer, the Trustee ---------- and each Series 1999-1 Certificateholder.

Reductions of the Commitments. (a) On any Distribution Date during a Series 2000-1 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days' prior 25 30 written notice (effective upon receipt), reduce or terminate the Commitments (a "Commitment Reduction") in an aggregate amount equal to $5,000,000 or a whole multiple of $5,000,000 in excess thereof or terminate the Commitments in their entirety; provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 2000-1 Invested Amount (calculated without regard to clauses (d) and (e) of the definition of Series 2000-1 Purchaser Invested Amount) on such date, the Series 2000-1 Invested Amount would exceed the Aggregate Commitment Amount then in effect. Each Purchaser's Commitment shall be reduced by such Purchaser's Commitment Percentage of the amount of such Commitment Reduction. (b) Once reduced, the portion of the Aggregate Commitment Amount so reduced may not be subsequently reinstated. Upon effectiveness of any such reduction, the Agent shall prepare a revised Schedule 1 to this Supplement to reflect the reduced Commitment of each Purchaser and the existing Schedule 1 to this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Agent shall distribute such revised Schedule 1 to the Company, the Master Servicer, each Servicer, the Trustee and each Purchaser. Concurrently therewith, the Commitments of the Liquidity Banks shall be reduced and the Agent shall distribute a revised Annex I to the Liquidity Agreement to the Company, the Master Servicer, each Servicer and each Liquidity Banks.

Reductions of the Commitments. The Commitment of each ----------------------------- Lender shall be automatically reduced to zero at the close of business (New York time) on the Commitment Termination Date. In addition, the Borrower shall have the right, upon at least five Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that (i) the aggregate amount of -------- the Commitments of the Lenders shall not be reduced pursuant to this sentence to an amount which is less than the aggregate principal amount of the Loans then outstanding and (ii) each partial reduction shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.

Reductions of the Commitments. (a) The Commitment shall be automatically reduced to zero on the Maturity Date. (b) In addition, the Borrower shall have the right, upon at least three Business Days' notice to the Lender, to terminate in whole or reduce ratably in part the unused portions of the Commitment, provided that each partial reduction shall be in a minimum aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Once terminated or reduced, the Commitment may not be reinstated.

Reductions of the Commitments. (a) Unless previously terminated, the Commitment of each Lender shall be automatically reduced to zero on the Commitment Termination Date. (b) In addition, the Borrower shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce permanently and ratably in part the unused portions of the Commitments of the Lenders, provided that (i) each partial reduction shall be in a minimum aggregate amount of US$5,000,000 or an integral multiple of US$1,000,000 in excess thereof, (ii) the aggregate Commitments of the Lenders shall not be reduced to an amount that is less than the total Revolving Exposure of the Lenders then outstanding and (iii) any such reduction shall be without prejudice to the terms of Sections 2.16(b) and 2.16(e). Once terminated or reduced, the Commitments may not be reinstated.

Reductions of the Commitments. (a) On any Business Day during the Series 1998-2 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days' prior written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) reduce or terminate the Commitments (a "COMMITMENT REDUCTION") in an aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof; PROVIDED that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 1998-2 Invested Amount on such date, the Series 1998-2 Invested Amount would exceed the Aggregate Commitment Amount then in effect. Each APA Banks's Commitment shall be reduced by such APA Bank's Commitment Percentage of the amount of such Commitment Reduction. (b) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Servicer, the Trustee and each APA Bank.

Reductions of the Commitments. Borrower shall have the right to terminate or reduce the aggregate unused amount of the Commitments of Lenders (other than the portion of the Commitments applicable to Swing Line Loans or issued and outstanding LCs) at any time and from time to time without penalty or premium upon not less than two Business Days prior written notice to Administrative Agent of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction and shall be irrevocable once given and effective only upon receipt by Administrative Agent. Administrative Agent will promptly transmit such notice to each Lender. If a Commitment reduction is effected pursuant to this Section 2.12 at a time when the LC Commitment exceeds $100,000,000, or the Swing Line Commitment exceeds $50,000,000, then (a) the LC Commitment shall be automatically and permanently reduced by an amount equal to the lesser of (i) 16.66% of the amount of such Commitment reduction and (ii) the amount by which the LC Commitment exceeds $100,000,000 and (b) the Swing Line Commitment shall be automatically and permanently reduced by an amount equal to the lesser of (i) 8.33% of such Commitment reduction and (ii) the amount by which the Swing Line Commitment exceeds $50,000,000. Additionally, the Swing Line Commitment and the LC Commitment (as the case may be) shall be automatically and permanently reduced from time to time, on the date of any reduction in the Commitments of Lenders, by the amount, if any, by which the applicable Subfacility exceeds the aggregate Commitments of Lenders then in effect, after giving effect to such reduction of the Commitments. Additionally, the Commitments, once terminated or reduced, may not be increased or reinstated.

Reductions of the Commitments. (a) The Commitment of each Lender shall be automatically reduced to zero on the Commitment Termination Date.

Reductions of the Commitments. Each reduction of the Commitments under Section 2.12 shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof.