Commitment Reductions, Etc. (i) The Commitment of each Lender shall be automatically reduced to zero on the Termination Date of such Lender. In addition, the Company shall have the right, upon at least three 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 the Company may condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Commitments shall not be reduced pursuant to this sentence to an amount which is less than the Total Outstandings, (y) each partial reduction shall be in an aggregate amount of at least $10,000,000 and (z) a reduction in the Commitments shall not be allowed if, as a result thereof, the Commitments would be reduced to an amount which is less than the Total Swing Loan Commitments plus the Letter of Credit Facility. Each Commitment reduction pursuant to this Section 2.06(a)(i) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)). (ii) The Swing Loan Commitment of each Swing Loan Bank shall be automatically reduced to zero on the Termination Date of such Swing Loan Bank. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of Total Swing Loan Commitments, provided that the Company may FIFTH AMENDED AND RESTATED CREDIT AGREEMENT condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Swing Loan Commitments shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of the Swing Loans at such time, (y) the Swing Loan Commitment of any Swing Loan Bank shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of Swing Loans of such Swing Loan Bank at such time and (z) each partial reduction shall be in an aggregate amount of at least $10,000,000. Each Swing Loan Commitment reduction pursuant to this Section 2.06(a)(ii) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
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Commitment Reductions, Etc. (i) The Commitment of each Lender shall be automatically reduced to zero on the Termination Date of such Lender. In addition, the Company shall have the right, upon at least three 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 the Company may condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Commitments shall not be reduced pursuant to this sentence to an amount which is less than the Total Outstandings, (y) each partial reduction shall be in an aggregate amount of at least $10,000,000 and (z) a reduction in the Commitments shall not be allowed if, as a result thereof, the Commitments would be reduced to an amount which is less than the sum of the Total THIRD AMENDED AND RESTATED CREDIT AGREEMENT Dollar Swing Loan Commitments plus the Total Multicurrency Swing Loan Commitments plus the Letter of Credit Facility. Each Commitment reduction pursuant to this Section 2.06(a)(i) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
(ii) [Intentionally omitted].
(iii) The Dollar Swing Loan Commitment of each Dollar Swing Loan Bank shall be automatically reduced to zero on the Termination Date of such Dollar Swing Loan Bank. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of Total their respective Dollar Swing Loan CommitmentsCommitments of the Dollar Swing Loan Banks, provided that the Company may FIFTH AMENDED AND RESTATED CREDIT AGREEMENT condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Dollar Swing Loan Commitments shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of the Dollar Swing Loans at such time, time and (y) each partial reduction shall be in an aggregate amount of at least $10,000,000. Each Dollar Swing Loan Commitment reduction pursuant to this Section 2.06(a)(iii) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
(iv) The Multicurrency Swing Loan Commitment of any each Multicurrency Swing Loan Bank shall be automatically reduced to zero on the Termination Date of such Multicurrency Swing Loan Bank. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of their respective Multicurrency Swing Loan Commitments of the Multicurrency Swing Loan Banks, provided that the Company may condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Multicurrency Swing Loan Commitments shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of the Multicurrency Swing Loans of such Swing Loan Bank at such time and (zy) each partial reduction shall be in an aggregate amount of at least $10,000,000. Each Multicurrency Swing Loan Commitment reduction pursuant to this Section 2.06(a)(ii2.06(a)(iv) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
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Commitment Reductions, Etc. (i) The Commitment of each Lender shall be automatically reduced to zero on the Termination Date of such Lender. In addition, the Company shall have the right, upon at least three 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 the Company may condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Commitments shall not be reduced pursuant to this sentence to an amount which is less than the Total Outstandings, (y) each partial reduction shall be in an aggregate amount of at least $10,000,000 and (z) a reduction in the Commitments shall not be allowed if, as a result thereof, the Commitments would be reduced to an amount which is less than the sum of the Total Dollar Swing Loan Commitments plus the Total Multicurrency Swing Loan Commitments plus the Letter of Credit Facility. Each Commitment reduction pursuant to this Section 2.06(a)(i) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
(ii) The Swiss Franc/Sterling Commitment of each Swiss Franc/Sterling Lender shall be automatically reduced to zero on the Termination Date of such Lender. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of their respective Swiss/Franc Sterling Commitments of the Swiss Franc/Sterling Lenders, provided that (w) the Total Swiss Franc/Sterling Commitments shall not be reduced pursuant to this sentence to an amount which is less than the Total Swiss Franc/Sterling Outstandings, (x) each partial reduction shall be in an aggregate amount of at least $10,000,000, (y) a reduction in the Swiss Franc/Sterling Commitments shall not be allowed if, as a result thereof, the Swiss Franc/Sterling Commitments would be reduced to an amount which is less than the sum of the Total Multicurrency Swing Loan Commitments and (z) any reduction in the Swiss Franc/Sterling Commitments shall result in an automatic proportional reduction in the Multicurrency Swing Loan Commitments. Each Swiss Franc/Sterling Commitment reduction pursuant to this Section 2.06(a)(ii) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
(iii) The Dollar Swing Loan Commitment of each Dollar Swing Loan Bank shall be automatically reduced to zero on the Termination Date of such Dollar Swing Loan Bank. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of Total their respective Dollar Swing Loan CommitmentsCommitments of the Dollar Swing Loan Banks, provided that the Company may FIFTH AMENDED AND RESTATED CREDIT AGREEMENT condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Dollar Swing Loan Commitments shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of the Dollar Swing Loans at such time, time and (y) each partial reduction shall be in an aggregate amount of at least $10,000,000. Each Dollar Swing Loan Commitment reduction pursuant to this Section 2.06(a)(iii) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)). MARRIOTT CREDIT AGREEMENT
(iv) The Multicurrency Swing Loan Commitment of any each Multicurrency Swing Loan Bank shall be automatically reduced to zero on the Termination Date of such Multicurrency Swing Loan Bank. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of their respective Multicurrency Swing Loan Commitments of the Multicurrency Swing Loan Banks, provided that (x) the Total Multicurrency Swing Loan Commitments shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of the Multicurrency Swing Loans of such Swing Loan Bank at such time and (zy) each partial reduction shall be in an aggregate amount of at least $10,000,000. Each Multicurrency Swing Loan Commitment reduction pursuant to this Section 2.06(a)(ii2.06(a)(iv) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
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Commitment Reductions, Etc. (i) The Commitment of each Lender shall be automatically reduced to zero on the Termination Date of such Lender. In addition, the Company shall have the right, upon at least three 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 the Company may condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Commitments shall not be reduced pursuant to this sentence to an amount which is less than the Total Outstandings, (y) each partial reduction shall be in an aggregate amount of at least $10,000,000 and (z) a reduction in the Commitments shall not be allowed if, as a result thereof, the Commitments would be reduced to an amount which is less than the sum of the Total Dollar Swing Loan Commitments plus the Total Multicurrency Swing Loan Commitments plus the Letter of Credit Facility. Each Commitment reduction pursuant to this Section 2.06(a)(i) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
(ii) The Swiss Franc/Sterling Commitment of each Swiss Franc/Sterling Lender shall be automatically reduced to zero on the Termination Date of such Lender. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of their respective Swiss/Franc Sterling Commitments of the Swiss Franc/Sterling Lenders, provided that (w) the Total Swiss Franc/Sterling Commitments shall not be reduced pursuant to this sentence to an amount which is less than the Total Swiss Franc/Sterling Outstandings, (x) each partial reduction shall be in an aggregate amount of at least $10,000,000, (y) a reduction in the Swiss Franc/Sterling Commitments shall not be allowed if, as a result thereof, the Swiss Franc/Sterling Commitments would be reduced to an amount which is less than the sum of the Total Multicurrency Swing Loan Commitments and (z) any reduction in the Swiss Franc/Sterling Commitments shall result in an automatic proportional reduction in the Multicurrency Swing Loan Commitments. Each Swiss
(iii) The Dollar Swing Loan Commitment of each Dollar Swing Loan Bank shall be automatically reduced to zero on the Termination Date of such Dollar Swing Loan Bank. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of Total their respective Dollar Swing Loan
(iv) The Multicurrency Swing Loan CommitmentsCommitment of each Multicurrency Swing Loan Bank shall be automatically reduced to zero on the Termination Date of such Multicurrency Swing Loan Bank. In addition, the Company shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of their respective Multicurrency Swing Loan Commitments of the Multicurrency Swing Loan Banks, provided that the Company may FIFTH AMENDED AND RESTATED CREDIT AGREEMENT condition any such notice upon the consummation of an acquisition, disposition, financing or other event, provided further that (x) the Total Multicurrency Swing Loan Commitments shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of the Multicurrency Swing Loans at such time, (y) the Swing Loan Commitment of any Swing Loan Bank shall not be reduced pursuant to this sentence to an amount which is less than the aggregate outstanding principal amount of Swing Loans of such Swing Loan Bank at such time and (zy) each partial reduction shall be in an aggregate amount of at least $10,000,000. Each Multicurrency Swing Loan Commitment reduction pursuant to this Section 2.06(a)(ii2.06(a)(iv) shall be permanent (subject, however, to the rights of the Company under Section 2.06(b)).
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