Common use of Reductions of the Commitments Clause in Contracts

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) Unless previously terminated, the 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 respective 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 amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the total Revolving Exposure aggregate outstanding principal amount of all Loans and the aggregate Letter of Credit Exposures of the Lenders then outstanding and (iii) any such reduction shall be without prejudice to the terms of Sections 2.16(b2.18(b) and 2.16(e(e). Once terminated or reduced, the Commitments may not be reinstated.

Reductions of the Commitments. (a) Unless previously terminated, the 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 respective 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 amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the total Revolving Exposure aggregate outstanding principal amount of all Loans and the aggregate Letter of Credit Exposures of the Lenders then outstanding and (iii) any such reduction shall be without prejudice to the terms of Sections 2.16(b2.18(b) and 2.16(e(e). Once terminated or reduced, the Commitments may not be reinstated.