Common use of Permanent Reduction of Facility Amount Clause in Contracts

Permanent Reduction of Facility Amount. (a) The Borrower may (or as required by Section 2.4(b)(iv) shall), at any time upon five Business Days’ prior written notice delivered in accordance with Section 17.3 to the Facility Agent and each Agent subject to the fees set forth in Section 2.5(b), permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount.

Permanent Reduction of Facility Amount. (a) The Borrower may (or as required by Section 2.4(b)(iv) shall), at any time (x) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent or (y) after the end of the Revolving Period, in each case upon five Business Days’ prior written notice delivered in accordance with Section 17.3 to the Facility Agent and each Agent subject to the fees set forth in Section 2.5(b)Administrative Agent, permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances Advances) or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount.

Permanent Reduction of Facility Amount. (a) The Borrower may (or as required by Section 2.4(b)(iv) shall)may, at any time upon five Business Days’ prior written notice delivered in accordance with Section 17.3 to the Facility Agent and each Agent (with a copy to the Collateral Agent) subject to the fees set forth in Section 2.5(b), permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount.

Permanent Reduction of Facility Amount. (a) The Borrower may may, (or as required by Section 2.4(b)(ivx) shall), at any time after the end of the Revolving Period and upon five Business Days’ Days prior written notice delivered in accordance with Section 17.3 to the Facility Administrative Agent, or (y) at any time that the Administrative Agent and each Agent subject fails to the fees set forth in Section 2.5(b)approve an Extension Request, permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances Advances) or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount.