Common use of Commitment Reduction Clause in Contracts

Commitment Reduction. At the option of Lessee, exercisable from time to time by written notice to Certificate Trustee and Administrative Agent, Lessee may request Administrative Agent to reduce the aggregate unused portion of the Participants' respective Commitments, whereupon Administrative Agent shall notify the Participants of such request, and the Commitment of each Participant shall thereby be so reduced, subject to the following provisions:

Commitment Reduction. At the option of the Lessee, one time during the Commitment Period, exercisable from time to time by written notice to Certificate Trustee and Administrative the Agent, the Lessee may request Administrative the Agent to reduce the aggregate unused portion of the Participants' respective Commitments, whereupon Administrative Available Commitments and the Agent shall notify the Participants of such request, request and the Commitment Participants shall each reduce the unused portion of each Participant shall thereby be so reducedtheir respective Commitments, subject to the following provisions: