Common use of Optional Reduction of the Revolving Credit Committed Amounts Clause in Contracts

Optional Reduction of the Revolving Credit Committed Amounts. The Parent may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the sum of the aggregate Dollar Equivalent Amounts of the Revolving Credit Exposures and Competitive Bid Loans then outstanding plus the aggregate Dollar Equivalent Amount of all Revolving Credit Loans, Letters of Credit and Competitive Bid Loans not yet made as to which notice has been given by the Parent under Section 2.03, 2.11(b) or 3.02 hereof, as the case may be. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is an integral multiple of $20,000,000 or the Total Revolving Credit Commitment. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than three Business Days’ notice to such effect to the Administrative Agent. Such notice of reduction shall be irrevocable; provided that such a notice delivered by the Parent may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. After the date specified in such notice which is not so revoked the Commitment Fee shall be calculated upon the Revolving Credit Committed Amounts as so reduced. The Administrative Agent will promptly send copies of such notice to the Lenders.

Optional Reduction of the Revolving Credit Committed Amounts. The Parent may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the sum of the aggregate Dollar Equivalent Amounts of the Revolving Credit Exposures and Competitive Bid Loans then outstanding plus the aggregate Dollar Equivalent Amount of all Revolving Credit Loans, Letters of Credit and Competitive Bid Loans not yet made as to which notice has been given by the Parent under Section 2.03, 2.11(b2.10(b) or 3.02 hereof, as the case may be. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is an integral multiple of $20,000,000 or the Total Revolving Credit Commitment. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than three five Business Days’ notice to such effect to the Administrative Agent. Such notice of reduction shall be irrevocable; provided that such a notice delivered by the Parent may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. After the date specified in such notice which is not so revoked the Commitment Fee shall be calculated upon the Revolving Credit Committed Amounts as so reduced. The Administrative Agent will promptly send copies of such notice to the Lenders.

Optional Reduction of the Revolving Credit Committed Amounts. The Parent Borrower may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent of the sum of the aggregate Dollar Equivalent Amounts unpaid principal amount of the Revolving Credit Exposures Loans, Swingline Advances and Competitive Bid Loans then outstanding plus the aggregate Dollar Equivalent Amount principal amount of all Revolving Credit Loans, Letters of Credit Swingline Advances and Competitive Bid Loans not yet made as to which notice has been given by the Parent Borrower under Section 2.03, 2.11(b) or 3.02 2.07 hereof plus all Letter of Credit Obligations then outstanding plus the stated amount of all Letters of Credit not yet issued as to which notice has been given by Borrower under Section 2.06 hereof, as the case may be. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount not less than $10,000,000 which is an integral multiple of $20,000,000 or the Total Revolving Credit Commitment1,000,000. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than three two Business Days’ ' notice (which notice shall be irrevocable) to such effect to the Administrative Agent. Such notice of reduction shall be irrevocable; provided that such a notice delivered by the Parent may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. After the date specified in such notice which is not so revoked the Commitment Facility Fee shall be calculated upon the Revolving Credit Committed Amounts as so reduced. The Administrative Agent will promptly send copies of such notice to the Lenders.

Optional Reduction of the Revolving Credit Committed Amounts. The Parent Company may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent of the sum of the aggregate Dollar Equivalent Amounts unpaid principal amount of the Revolving Credit Exposures Loans, Swingline Advances and Competitive Bid Loans then outstanding plus the aggregate Dollar Equivalent Amount principal amount of all Revolving Credit Loans, Letters of Credit Swingline Advances and Competitive Bid Loans not yet made as to which notice has been given by the Parent Company under Section 2.03, 2.11(b) or 3.02 2.07 hereof plus all Letter of Credit Obligations then outstanding plus the stated amount of all Letters of Credit not yet issued as to which notice has been given by the Company under Section 2.06 hereof, as the case may be. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount not less than $10,000,000 which is an integral multiple of $20,000,000 or the Total Revolving Credit Commitment1,000,000. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than three two Business Days’ ' notice (which notice shall be irrevocable) to such effect to the Administrative Agent. Such notice of reduction shall be irrevocable; provided that such a notice delivered by the Parent may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. After the date specified in such notice which is not so revoked the Commitment Facility Fee shall be calculated upon the Revolving Credit Committed Amounts as so reduced. The Administrative Agent will promptly send copies of such notice to the Lenders.

Optional Reduction of the Revolving Credit Committed Amounts. The Parent may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the sum of the aggregate Dollar Equivalent Amounts of the Revolving Credit Exposures and Competitive Bid Loans then outstanding plus the aggregate Dollar Equivalent Amount of all Revolving Credit Loans, Letters of Credit and Competitive Bid Loans not yet made as to which notice has been given by the Parent under Section 2.03, 2.11(b) or 3.02 hereof, as the case may be. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount which is an integral multiple of $20,000,000 or the Total Revolving Credit Commitment. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than three Business Days’ notice to such effect to the Administrative Agent. Such notice of reduction shall be irrevocable; provided that such a notice delivered by the Parent may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent (by notice to the #89365364v21 Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. After the date specified in such notice which is not so revoked the Commitment Fee shall be calculated upon the Revolving Credit Committed Amounts as so reduced. The Administrative Agent will promptly send copies of such notice to the Lenders.

Optional Reduction of the Revolving Credit Committed Amounts. The Parent Borrower may at any time or from time to time reduce Pro Rata the Revolving Credit Committed Amounts of the Lenders to an aggregate amount (which may be zero) not less than the Dollar Equivalent of the sum of the aggregate Dollar Equivalent Amounts unpaid principal amount of the Revolving Credit Exposures Loans, Swingline Advances and Competitive Bid Loans then outstanding plus the aggregate Dollar Equivalent Amount principal amount of all Revolving Credit Loans, Letters of Credit Swingline Advances and Competitive Bid Loans not yet 17 26 made as to which notice has been given by the Parent Borrower under Section 2.03, 2.11(b) or 3.02 2.07 hereof plus all Letter of Credit Obligations then outstanding plus the stated amount of all Letters of Credit not yet issued as to which notice has been given by Borrower under Section 2.06 hereof, as the case may be. Any reduction of the Revolving Credit Committed Amounts shall be in an aggregate amount not less than $10,000,000 which is an integral multiple of $20,000,000 or the Total Revolving Credit Commitment1,000,000. Reduction of the Revolving Credit Committed Amounts shall be made by providing not less than three two Business Days’ ' notice (which notice shall be irrevocable) to such effect to the Administrative Agent. Such notice of reduction shall be irrevocable; provided that such a notice delivered by the Parent may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. After the date specified in such notice which is not so revoked the Commitment Facility Fee shall be calculated upon the Revolving Credit Committed Amounts as so reduced. The Administrative Agent will promptly send copies of such notice to the Lenders.. (d)