Common use of Facility Reduction Clause in Contracts

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be thirty million Dollars ($30,000,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars ($2,500,000), which shall leave the Final Balloon Payment as being payable on the Termination Date. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be three hundred and thirty million Dollars ($30,000,000330,000,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars ($2,500,000), which shall leave in accordance with the Final Balloon Payment as being payable on the Termination Datereduction schedule set out in Schedule 3. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.. \P1\3522333.10

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be thirty sixty million Dollars ($30,000,00060,000,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by five million two million five hundred thousand Dollars ($2,500,0005,200,000), which shall leave the Final Balloon Payment as being payable on the Termination Date. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower Borrowers for drawing under this Agreement shall shall, subject to the provisions of Clause 2.4.5, be thirty five hundred and fifty million Dollars ($30,000,000550,000,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the fourteen (14) Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by twenty two million five hundred thousand Dollars ($2,500,00022,500,000), which shall leave the Final Balloon Payment as being payable on the Termination Date. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower Borrowers for drawing under this Agreement shall be one hundred and thirty seven million five hundred thousand Dollars ($30,000,000137,500,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the seventeen (17) Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars an amount equal to one thirty first ($2,500,000), which 1/31st) of the Maximum Facility Amount as at the Execution Date. In the event of a Change of Control the amount of the Facility available for drawing shall leave the Final Balloon Payment as being payable on the Termination Datebe reduced to zero and any outstanding Drawings shall be immediately repayable. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the The mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 5.2, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any Any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be thirty twenty five million Dollars ($30,000,00025,000,000) (less the LC Amount from time to time) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five one hundred and fifty thousand Dollars ($2,500,0002,150,000), which shall leave the Final Balloon Payment as being payable on the Termination Date. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be three hundred and thirty million Dollars ($30,000,000330,000,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars ($2,500,000), which shall leave in accordance with the Final Balloon Payment as being payable on the Termination Datereduction schedule set out in Schedule 3. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be thirty four hundred and fifty five million Dollars ($30,000,000455,000,000) during the period (reduced from the Execution Date initial Facility of five hundred and fifty million Dollars $550,000,000) which shall be available for drawing from 5 October 2006 until the First Reduction Date. On the First Reduction Date and on each of the fifteen Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars ($2,500,000), which in accordance with the schedule of reductions set forth in Schedule 8. In the event of a Change of Control the amount of the Facility available for drawing shall leave the Final Balloon Payment as being payable on the Termination Datebe reduced to zero and any outstanding Drawings shall be immediately repayable. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the The mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 2.4.5, Clause 5.2, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any Any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be thirty eighty five million Dollars ($30,000,00085,000,000) (less the LC Amount from time to time) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two seven million five three hundred thousand Dollars ($2,500,0007,300,000), which shall leave the Final Balloon Payment as being payable on the Termination Date. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be thirty sixty million Dollars ($30,000,00060,000,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two five million five one hundred and fifty thousand Dollars ($2,500,0005,150,000), which shall leave the Final Balloon Payment as being payable on the Termination Date. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.

Facility Reduction. 2.4.1 The aggregate amount of the Facility available to the Borrower for drawing under this Agreement shall be thirty five hundred and fifty million Dollars ($30,000,000550,000,000) during the period from the Execution Date until the First Reduction Date. On the First Reduction Date and on each of the eight Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars ($2,500,000), which an amount equal to one eighteenth of the Maximum Facility Amount. In the event of a Change of Control the amount of the Facility available for drawing shall leave the Final Balloon Payment as being payable on the Termination Datebe reduced to zero and any outstanding Drawings shall be immediately repayable. On the Termination Date the Facility available shall be reduced to zero. Subject to the proviso hereto, the The mandatory reductions in the amount of the Facility available for drawing required pursuant to this Clause will be made in the amounts and at the times specified whether or not the Maximum Facility Amount is reduced pursuant to Clause 2.4.2, Clause 2.4.3, Clause 2.4.4, Clause 5.2, Clause 15.7 or Clause 15.8. PROVIDED ALWAYS THAT any Any mandatory reductions pursuant to Clause 2.4.2 (voluntary reductions), Clause 2.4.3 (sale) or Clause 2.4.4 (Total Loss) shall be applied to the remaining mandatory reductions hereunder on a pro rata basis.