Common use of Permanent Prepayment or Reduction Clause in Contracts

Permanent Prepayment or Reduction. The Borrower shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days’ prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Revolving Loan Commitment on a pro rata basis among the Lenders in accordance with their respective Revolving Commitment Ratios, provided that any such partial reductions shall be made in minimum amounts of $5,000,000 and integral multiples of $1,000,000 in excess thereof. Notwithstanding the foregoing, the Borrower shall not cancel or reduce permanently the Revolving Loan Commitment to an amount less than the then outstanding Letter of Credit Obligations. As of the date of cancellation or reduction set forth in such notice, the Revolving Loan Commitment shall be permanently reduced to the amount stated in the Borrower’s notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the account of the Lenders the amount necessary to reduce the principal amount of the applicable type of Revolving Loans then outstanding to not more than the amount of the Revolving Loan Commitment as so reduced, together with accrued interest on the amount so prepaid and the facility fee set forth in Section 2.4(b) accrued through the date of the reduction with respect to the amount reduced, and shall reimburse the Administrative Agent and the Lenders for any loss or out-of-pocket expense incurred by any of them in connection with such payment as set forth in Section 2.9.

Permanent Prepayment or Reduction. The Borrower shall have Optional permanent prepayments of principal of the rightTerm Loans, and permanent reductions of the Revolving Commitment hereunder, may be made at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days’ ' prior irrevocable written notice to the Administrative Agent, without premium penalty or penalty, to cancel or reduce permanently all or a portion of the Revolving Loan Commitment on a pro rata basis among the Lenders in accordance with their respective Revolving Commitment Ratiospremium, provided that any such partial prepayments or reductions shall be made in minimum amounts of, (i) in the case of Base Rate Advances, $5,000,000 500,000 and integral multiples of $100,000, and (ii) in the case of Eurodollar Advances, $1,000,000 in excess thereofand integral multiples of $100,000. Notwithstanding Each prepayment of the foregoingTerm Loans shall permanently reduce the Term A Loans and the Term B Loans on a pro rata basis, with the amount allocated to the Term A Loans being applied to reduce, on a pro rata basis, the Borrower remaining scheduled installments of principal due under the Term A Loans as set forth in Section 2.6(b) hereof, and the amount allocated to the Term B Loans being applied to reduce, on a pro rata basis, the remaining scheduled installments of principal due under the Term B Loans as set forth in Section 2.6(c) hereof. Each such prepayment of a Eurodollar Advance shall not cancel or reduce permanently also be made together with accrued interest on the Revolving Loan Commitment to an amount less than the then outstanding Letter of Credit Obligationsso prepaid. As of the date of cancellation or reduction set forth in such noticeany notice thereof, the Revolving Loan Commitment shall be permanently reduced to the amount amounts stated in the Borrower’s 's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent Agent, for the account benefit of the Lenders Lenders, the amount necessary to reduce the principal amount of the applicable type of Revolving Loans then outstanding to not more than the amount of the Revolving Loan Commitment as so reduced, together with with, in the case of Eurodollar Advances, the accrued interest on the amount so prepaid and the facility fee set forth in Section 2.4(b) accrued through the date of the reduction with respect to the amount reduced. In connection with any such permanent repayment, and the Borrower shall reimburse the Administrative Agent and the Lenders Lenders, on demand, for any loss or out-of-pocket expense (other than solely a loss of profit) incurred by any of them in connection with such payment of Eurodollar Advances, as set forth in Section 2.92.10. Upon receipt of any notice of prepayment or reduction, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender's portion of the prepayment or the reduction, as applicable.

Permanent Prepayment or Reduction. The Borrower Borrowers shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days’ ' prior written notice to the Administrative AgentAgent by the Administrative Borrower, without premium or penalty, to cancel or reduce permanently all or a portion of the Revolving Loan Commitment on a pro rata basis among the Lenders in accordance with their respective Revolving Commitment Ratios, provided that any such partial reductions reduction shall be made in minimum amounts of an amount not less than $5,000,000 1,000,000 and in integral multiples of $1,000,000 500,000 in excess thereof. Notwithstanding the foregoing, the Borrower shall not cancel or reduce permanently the Revolving Loan Commitment to an amount less than the then outstanding Letter of Credit Obligations. As of the date of cancellation or reduction set forth in such notice, the Revolving Loan Commitment shall be permanently reduced to the amount stated in the Administrative Borrower’s 's notice for all purposes herein, and the Borrower Borrowers shall pay to the Administrative Agent for the account of the Lenders the amount necessary to reduce the principal amount of the applicable type of Revolving Loans then outstanding to not more than the amount of the Revolving Loan Commitment as so reduced, together with accrued interest on the amount so prepaid and the facility unused line fee set forth in Section 2.4(b) accrued through the date of the reduction with respect to the amount reduced, and shall reimburse the Administrative Agent and the Lenders for any loss or out-of-pocket expense incurred by any of them in connection with such payment as set forth in Section 2.9.

Permanent Prepayment or Reduction. The Borrower shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days’ ' prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the Revolving Loan Commitment Commitments on a pro rata basis among the Lenders in accordance with their respective Revolving Commitment Ratios, provided that any such partial reductions shall be made in minimum amounts of $5,000,000 and integral multiples of $1,000,000 in excess thereofthereof and the aggregate amount of all such partial reductions shall not exceed $60,000,000 during the term of this Agreement. Notwithstanding the foregoing, the Borrower shall not cancel or reduce permanently (i) the Revolving Loan Commitment to an amount less than the then outstanding Letter of Credit Obligations, or (ii) any portion of the Fixed Asset Commitment unless and until amount of the Current Asset Commitment shall be zero. As of the date of cancellation or reduction set forth in such notice, the applicable Revolving Loan Commitment shall be permanently reduced to the amount stated in the Borrower’s 's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent for the account of the Lenders the amount necessary to reduce the principal amount of the applicable type of Revolving Loans then outstanding to not more than the amount of the applicable Revolving Loan Commitment as so reduced, together with accrued interest on the amount so prepaid and the facility unused line fee set forth in Section 2.4(b) accrued through the date of the reduction with respect to the amount reduced, and shall reimburse the Administrative Agent and the Lenders for any loss or out-of-pocket expense incurred by any of them in connection with such payment as set forth in Section 2.9.

Permanent Prepayment or Reduction. The Borrower shall have Optional permanent prepayments of --------------------------------- principal of the rightTerm Loans, and permanent reductions of the Revolving Commitment hereunder, may be made at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days’ ' prior irrevocable written notice to the Administrative Agent, without premium penalty or penalty, to cancel or reduce permanently all or a portion of the Revolving Loan Commitment on a pro rata basis among the Lenders in accordance with their respective Revolving Commitment Ratiospremium, provided that any such partial prepayments or reductions shall be made in minimum amounts of, (i) in the case of Base Rate Advances, $5,000,000 500,000 and integral multiples of $100,000, and (ii) in the case of Eurodollar Advances, $1,000,000 in excess thereofand integral multiples of $100,000. Notwithstanding Each prepayment of the foregoingTerm Loans shall permanently reduce the Term A Loans and the Term B Loans on a pro rata basis, with the amount allocated to the Term A Loans being applied to reduce, on a pro rata basis, the Borrower remaining scheduled installments of principal due under the Term A Loans as set forth in Section 2.6(b) hereof, and the amount allocated to the Term B Loans being applied to reduce, on a pro rata basis, the remaining scheduled installments of principal due under the Term B Loans as set forth in Section 2.6(c) hereof. Each such prepayment of a Eurodollar Advance shall not cancel or reduce permanently also be made together with accrued interest on the Revolving Loan Commitment to an amount less than the then outstanding Letter of Credit Obligationsso prepaid. As of the date of cancellation or reduction set forth in such noticeany notice thereof, the Revolving Loan Commitment shall be permanently reduced to the amount amounts stated in the Borrower’s 's notice for all purposes herein, and the Borrower shall pay to the Administrative Agent Agent, for the account benefit of the Lenders Lenders, the amount necessary to reduce the principal amount of the applicable type of Revolving Loans then outstanding to not more than the amount of the Available Revolving Loan Commitment as so reduced, together with with, in the case of Eurodollar Advances, the accrued interest on the amount so prepaid and the facility fee set forth in Section 2.4(b) accrued through the date of the reduction with respect to the amount reduced. In connection with any such permanent repayment, and the Borrower shall reimburse the Administrative Agent and the Lenders Lenders, on demand, for any loss or out-of-pocket expense (other than solely a loss of profit) incurred by any of them in connection with such payment of Eurodollar Advances, as set forth in Section 2.92.10. Upon receipt of any notice of prepayment or reduction, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender's portion of the prepayment or the reduction, as applicable.

Permanent Prepayment or Reduction. The Borrower Borrowers shall have the right, at any time and from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days’ ' prior written notice to the Administrative AgentAgent by the Administrative Borrower, without premium or penalty, to cancel or reduce permanently all or a portion of the Revolving Loan Commitment Commitments on a pro rata basis among the Lenders in accordance with their respective Revolving Commitment Ratios, provided that any such partial reductions reduction shall be made in minimum amounts of an amount not less than $5,000,000 1,000,000 and in integral multiples of $1,000,000 500,000 in excess thereof. Notwithstanding the foregoing, the Borrower shall not cancel or reduce permanently the Revolving Loan Commitment to an amount less than the then outstanding Letter of Credit Obligations. As of the date of cancellation or reduction set forth in such notice, the Revolving Loan Commitment Commitments shall be permanently reduced to the amount stated in the Administrative Borrower’s 's notice for all purposes herein, and the Borrower Borrowers shall pay to the Administrative Agent for the account of the Lenders the amount necessary to reduce the principal amount of the applicable type of Revolving Loans then outstanding to not more than the amount of the Revolving Loan Commitment Commitments as so reduced, together with accrued interest on the amount so prepaid and the facility unused line fee set forth in Section 2.4(b) accrued through the date of the reduction with respect to the amount reduced, and shall reimburse the Administrative Agent and the Lenders for any loss or out-of-pocket expense incurred by any of them in connection with such payment as set forth in Section 2.9.