Common use of Optional Reduction or Termination of Buyers’ Commitments Clause in Contracts

Optional Reduction or Termination of Buyers’ Commitments. The Seller may, at any time, without premium or penalty, upon not less than 10 Business Days’ prior written notice to the Administrative Agent, reduce or terminate the Maximum Aggregate Commitment, subject to the following conditions: (i) any such reduction in the Maximum Aggregate Commitment shall be in a minimum aggregate amount for all the Buyers of $25,000,000, or, if more, in an integral multiple of $25,000,000; (ii) the Seller may reduce the Maximum Aggregate Commitment no more than once each calendar quarter, (iii) at no time may the Aggregate Outstanding Purchase Price exceed the Maximum Aggregate Commitment after giving effect to any reduction in the Maximum Aggregate Commitment; and (iv) unless terminated in full, the Maximum Aggregate Commitment shall not be reduced to less than $100,000,000. Upon termination of the Buyers’ Commitments pursuant to this Section 2.6, the Seller shall pay to the Administrative Agent for the ratable benefit of the Buyers the full amount of all outstanding Obligations under the Repurchase Documents.

Optional Reduction or Termination of Buyers’ Commitments. The Seller may, at any time, without premium or penalty, upon not less than 10 ten (10) Business Days’ Days prior written notice to the Administrative Agent, reduce or terminate the Maximum Aggregate Commitment, subject to the following conditions: (i) ratably, with any such reduction in the Maximum Aggregate Commitment shall be in a minimum aggregate amount for all the Buyers of Five Million Dollars ($25,000,0005,000,000), or, if more, in an integral multiple of Five Million Dollars ($25,000,0005,000,000); provided, however, that (iii) the Seller may reduce the Maximum Aggregate Commitment no more than once each calendar quarter, (iiiii) at no time may the Aggregate Outstanding Purchase Price exceed the Maximum Aggregate Commitment after giving effect to any such reduction in the Maximum Aggregate Commitment; and and, (iviii) unless terminated in full, the Maximum Aggregate Commitment shall not be reduced to less than Twenty-Five Million Dollars ($100,000,00025,000,000). Upon termination of the Buyers’ Commitments pursuant to this Section 2.62, the Seller shall pay to the Administrative Agent for the ratable benefit of the Buyers the full amount of all outstanding Obligations under the Repurchase Documents.

Optional Reduction or Termination of Buyers’ Commitments. The Seller may, at any time, without premium or penalty, upon not less than 10 ten (10) Business Days’ Days prior written notice to the Administrative Agent, reduce or terminate the Maximum Aggregate Commitment, subject to the following conditions: (i) ratably, with any such reduction in the Maximum Aggregate Commitment shall be in a minimum aggregate amount for all the Buyers of $25,000,000, or, if more, in an integral multiple of $25,000,000; provided, however, that (iii) the Seller may reduce the Maximum Aggregate Commitment no more than once each calendar quarter, (iiiii) at no time may the Aggregate Outstanding Purchase Price exceed the Maximum Aggregate Commitment after giving effect to any such reduction in the Maximum Aggregate Commitment; and and, (iviii) unless terminated in full, the Maximum Aggregate Commitment shall not be reduced to less than $100,000,000. Upon termination of the Buyers’ Commitments pursuant to this Section 2.6Section, the Seller shall pay to the Administrative Agent for the ratable benefit of the Buyers the full amount of all outstanding Obligations under the Repurchase Documents.

Optional Reduction or Termination of Buyers’ Commitments. The Seller may, at any time, without premium or penalty, upon not less than 10 ten (10) Business Days’ Days prior written notice to the Administrative Agent, reduce or terminate the Maximum Aggregate Commitment, subject to the following conditions: (i) ratably, with any such reduction in the Maximum Aggregate Commitment shall be in a minimum aggregate amount for all the Buyers of Ten Million Dollars ($25,000,00010,000,000), or, if more, in an integral multiple of Five Million Dollars ($25,000,0005,000,000); provided, however, that (iia) the Seller may reduce the Maximum Aggregate Commitment no more than once each calendar quarter, (iiib) at no time may the Aggregate Outstanding Purchase Price exceed the Maximum Aggregate Commitment after giving effect to any such reduction in the Maximum Aggregate Commitment; and and, (ivc) unless terminated in full, the Maximum Aggregate Commitment shall not be reduced to less than Fifty Million Dollars ($100,000,00050,000,000). Upon termination of the Buyers’ Commitments pursuant to this Section 2.62.5, the Seller shall pay to the Administrative Agent for the ratable benefit of the Buyers the full amount of all outstanding Obligations under the Repurchase Documents.

Optional Reduction or Termination of Buyers’ Commitments. The Seller may, at any time, without premium or penalty, upon not less than 10 ten (10) Business Days’ Days prior written notice to the Administrative Agent, reduce or terminate the Maximum Aggregate Commitment, subject to the following conditions: (i) ratably, with any such reduction in the Maximum Aggregate Commitment shall be in a minimum aggregate amount for all the Buyers of Ten Million Dollars ($25,000,00010,000,000), or, if more, in an integral multiple of Ten Million Dollars ($25,000,00010,000,000); provided, however, that (iia) the Seller may reduce the Maximum Aggregate Commitment no more than once each calendar quarter, (iiib) at no time may the Aggregate Outstanding Purchase Price exceed the Maximum Aggregate Commitment after giving effect to any such reduction in the Maximum Aggregate Commitment; and and, (ivc) unless terminated in full, the Maximum Aggregate Commitment shall not be reduced to less than Fifty Million Dollars ($100,000,00050,000,000). Upon termination of the Buyers’ Commitments pursuant to this Section 2.6, the Seller shall pay to the Administrative Agent for the ratable benefit of the Buyers the full amount of all outstanding Obligations under the Repurchase Documents.