Common use of Partial Reduction of Facility Clause in Contracts

Partial Reduction of Facility. The Borrowers may permanently reduce the Maximum Revolver Amount in increments of $25,000,000 but in no event shall the Maximum Revolver Amount be less than $300,000,000 (the amount of such reduction, the “Partial Termination Amount”) upon at least ten (10) days’ notice to the Agent, upon the payment in full of any Revolving Loans, together with accrued interest thereon, to the extent such Revolving Loans exceed the Maximum Revolver Amount (after giving effect to such reduction). Once reduced in accordance with this Section 3.2(b), the Maximum Revolver Amount may not be increased.

Partial Reduction of Facility. The On and after September 8, 2009, the Borrowers may permanently reduce the Maximum Revolver Amount in increments of $25,000,000 but in no event shall the Maximum Revolver Amount be less than $300,000,000 (the amount of such reduction, the “Partial Termination Amount”) upon at least ten (10) days’ notice to the Agent, upon the payment in full of any Revolving Loans, together with accrued interest thereon, to the extent such Revolving Loans exceed the Maximum Revolver Amount (after giving effect to such reduction). Once reduced in accordance with this Section 3.2(b), the Maximum Revolver Amount may not be increased.