Common use of Optional Changes in Facility Amount; Prepayments Clause in Contracts

Optional Changes in Facility Amount; Prepayments. (a) The Borrower shall be entitled at its option, at any time prior to the occurrence of a Termination Event, to terminate in whole or reduce in part the portion of the Facility Amount that exceeds the Advances Outstanding; provided, that, the Borrower (or the Servicer on its behalf) shall give prior written notice in the form of Exhibit A-3 of such reduction to the Deal Agent as provided in Section 2.4(b) and that any partial reduction of the Facility Amount shall be in an amount equal to $5,000,000 or integral multiples thereof in a minimum of $500,000. Any request for a reduction or termination pursuant to this Section 2.4(a) shall be irrevocable. The Commitment and the Alternative Currency Sub-Limit of each Conduit Lender and each Institutional Lender, as applicable, shall be reduced by an amount equal to its Pro Rata Share (prior to giving effect to any reduction of Commitments hereunder) of the aggregate amount of any reduction under this Section 2.4(a). The Deal Agent shall calculate each Lender’s new Pro Rata Share of the Commitments and Alternative Currency Sub-Limit.

Optional Changes in Facility Amount; Prepayments. (a) The Borrower shall be entitled at its option, at any time prior to the occurrence of a Termination Event, to terminate in whole or reduce in part the portion of the Facility Amount that exceeds the Advances Outstanding; provided, that, the Borrower (or the Servicer on its behalf) shall give prior written notice in the form of Exhibit A-3 of such reduction to the Deal Agent as provided in Section 2.4(b) and that any partial reduction of the Facility Amount shall be in an amount equal to $5,000,000 or integral multiples thereof in a minimum of $500,000. Any request for a reduction or termination pursuant to this Section 2.4(a) shall be irrevocable. The Commitment of each Conduit Lender and each Institutional Lender and the Alternative Currency Sub-Limit of each Conduit Institutional Lender and each Institutional Lender, as applicable, shall be reduced by an amount equal to its Pro Rata Share (prior to giving effect to any reduction of Commitments hereunder) of the aggregate amount of any reduction under this Section 2.4(a). The Deal Agent shall calculate each Lender’s new Pro Rata Share of the Commitments and Alternative Currency Sub-Limit.

Optional Changes in Facility Amount; Prepayments. (a) The Borrower shall be entitled at its option, at any time prior to the occurrence of a Termination Event, to terminate in whole or reduce in part the portion of the Facility Amount that exceeds the sum of the Advances Outstanding, accrued Interest, Breakage Costs and Hedge Breakage Costs; provided, that, the Borrower (or the Servicer on its behalf) shall give prior written notice in the form of Exhibit A-3 of such reduction to the Deal Agent as provided in Section 2.4(b) and that any partial reduction of the Facility Amount shall be in an amount equal to $5,000,000 or integral multiples thereof in to a minimum of $500,000. Any request for a reduction or termination pursuant to this Section 2.4(a) shall be irrevocable. The Commitment and the Alternative Currency Sub-Limit of each Conduit Lender and each Institutional Lender, as applicable, Lender shall be reduced by an amount equal to its Pro Rata Share (prior to giving effect to any reduction of Commitments hereunder) of the aggregate amount of any reduction under this Section 2.4(a). The Deal Agent shall calculate each Lender’s new Pro Rata Share of the Commitments and Alternative Currency Sub-Limit.