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 ten (10) Business Days prior written notice to the Buyer, reduce or terminate the Buyer’s Committed Sum, with any such reduction in a minimum amount of Five Million Dollars ($5,000,000), or, if more, in an integral multiple of Five Million Dollars ($5,000,000); provided, however, that (a) the Seller may reduce the Buyer’s Committed Sum no more than once each calendar quarter, (b) at no time may the Aggregate Outstanding Purchase Price exceed the Buyer’s Committed Sum after giving effect to any such reduction, and (c) unless terminated in full, the Buyer’s Committed Sum shall not be reduced to less than Ten Million Dollars ($10,000,000). Upon termination of the Buyer’s Commitment pursuant to this Section 2.3, the Seller shall pay to the Buyer 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 ten five (105) Business Days prior written notice to the BuyerAgent, reduce or terminate the Buyer’s Committed SumMaximum Aggregate Commitment, ratably, with any such reduction in a minimum aggregate amount for all the Buyers of Five Million Dollars ($5,000,000), or, if more, in an integral multiple of Five Million or a larger integral multiple of One Hundred Thousand Dollars ($5,000,000100,000); provided, however, that (a) the Seller may reduce the Buyer’s Committed Sum no more than once each calendar quarter, (b) at no time may the Aggregate Outstanding Purchase Price exceed the Buyer’s Committed Sum Maximum Aggregate Commitment after giving effect to any such reduction, and (cb) unless terminated in full, the Buyer’s Committed Sum Maximum Aggregate Commitment shall not be reduced to less than Ten Thirty Million Dollars ($10,000,00030,000,000). Upon termination in full of the Buyer’s Commitment Buyers’ Commitments pursuant to this Section 2.32.6, the Seller shall pay to the Buyer 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 ten (10) Business Days prior written notice to the BuyerAgent, reduce or terminate the Buyer’s Committed SumMaximum Aggregate Commitment, ratably, with any such reduction in a minimum aggregate amount for all the Buyers of Five Million Dollars ($5,000,000), or, if more, in an integral multiple of Five Million Dollars ($5,000,000); provided, however, that (ai) the Seller may reduce the Buyer’s Committed Sum Maximum Aggregate Commitment no more than once each calendar quarter, (bii) at no time may the Aggregate Outstanding Purchase Price exceed the Buyer’s Committed Sum Maximum Aggregate Commitment after giving effect to any such reductionreduction and, and (ciii) unless terminated in full, the Buyer’s Committed Sum Maximum Aggregate Commitment shall not be reduced to less than Ten Million Dollars ($10,000,000)100,000,000. Upon termination of the Buyer’s Commitment Buyers’ Commitments pursuant to this Section 2.3Section, the Seller shall pay to the Buyer 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 ten (10) Business Days prior written notice to the BuyerAgent, reduce or terminate the Buyer’s Committed SumMaximum Aggregate Commitment, ratably, with any such reduction in a minimum aggregate amount for all the Buyers of Five Million Dollars ($5,000,000), or, if more, in an integral multiple of Five Million Dollars ($5,000,000); provided, however, that (ai) the Seller may reduce the Buyer’s Committed Sum Maximum Aggregate Commitment no more than once each calendar quarter, (bii) at no time may the Aggregate Outstanding Purchase Price exceed the Buyer’s Committed Sum Maximum Aggregate Commitment after giving effect to any such reductionreduction and, and (ciii) unless terminated in full, the Buyer’s Committed Sum Maximum Aggregate Commitment shall not be reduced to less than Ten Million Dollars ($10,000,000)25,000,000. Upon termination of the Buyer’s Commitment Buyers’ Commitments pursuant to this Section 2.3Section, the Seller shall pay to the Buyer Agent for the ratable benefit of the Buyers the full amount of all outstanding Obligations under the Repurchase Documents.