Common use of Reduction and Termination of the Commitments Clause in Contracts

Reduction and Termination of the Commitments. (a) The -------------------------------------------- Company shall have the right, upon at least four (4) days' notice to the Administrative Agent to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that the aggregate -------- amount of the Commitments of the Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Uncommitted Advances then outstanding and provided, further, that each partial reduction shall be in an -------- ------- aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof. (b) Provided that no Event of Default shall have occurred and be continuing, the Company may at any time replace any Bank, in whole but not in part, by (i) giving such Bank and the Administrative Agent not less than ten (10) Business Days' prior notice thereof, which notice shall be irrevocable and effective only when received by such Bank and the Administrative Agent and shall specify the effective date of such replacement, and (ii) effecting an assignment of all of the Bank's Commitment and Advances in accordance with Section 9.07. ------------ (c) On the Termination Date, if the Company has made the Term Loan Election in accordance with Section 2.06(a) prior to such date, and from time to --------------- time thereafter upon each prepayment of the Advances, the aggregate Commitments of the Banks shall be automatically and permanently reduced on a pro rata basis --- ---- by an amount equal to the amount by which (i) the aggregate Commitments immediately prior to such reduction exceeds (ii) the aggregate unpaid principal ------- amount of all Advances (determined in the case of any Advances denominated in an Alternative Currency by reference to the Dollar Amount) outstanding at such time.

Reduction and Termination of the Commitments. (a) The -------------------------------------------- Company shall have the right, upon at least four (4) daysBusiness Days' notice to the Administrative Agent to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that the aggregate -------- amount of the Commitments of the Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Uncommitted Advances then outstanding and provided, further, that each partial reduction shall be in an -------- ------- aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof. (b) Provided that no Event of Default shall have occurred and be continuing, the Company may at any time replace any Bank, in whole but not in part, by (i) giving such Bank and the Administrative Agent not less than ten (10) Business Days' prior notice thereof, which notice shall be irrevocable and effective only when received by such Bank and the Administrative Agent and shall specify the effective date of such replacement, and (ii) effecting an assignment of all of the Bank's Commitment and Advances in accordance with Section 9.07. ------------9.03. (c) On the Termination Date, if the Company has made the Term Loan Election in accordance with Section 2.06(a) prior to such date, and from time to --------------- time thereafter upon each prepayment of the Advances, the aggregate Commitments of the Banks shall be automatically and permanently reduced on a pro rata basis --- ---- by an amount equal to the amount by which (i) the aggregate Commitments immediately prior to such reduction exceeds (ii) the aggregate unpaid principal ------- amount of all Advances (determined in the case of any Advances denominated in an Alternative Currency by reference to the Dollar Amount) outstanding at such time.

Reduction and Termination of the Commitments. (a) The -------------------------------------------- Company shall have the right, upon at least four (4) days' notice to the Administrative Agent to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Banks, provided that the aggregate -------- amount of the Commitments of the Banks shall not be reduced to an amount which is less than the aggregate principal amount of the Uncommitted Advances then outstanding and provided, further, that each partial reduction shall be in an -------- ------- aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof. (b) Provided that no Event of Default shall have occurred and be continuing, the Company may at any time replace any Bank, in whole but not in part, by (i) giving such Bank and the Administrative Agent not less than ten (10) Business Days' prior notice thereof, which notice shall be irrevocable and effective only when received by such Bank and the Administrative Agent and shall specify the effective date of such replacement, and (ii) effecting an assignment of all of the Bank's Commitment and Advances in accordance with Section 9.07. ------------. (c) On the Termination Date, if the Company has made the Term Loan Election in accordance with Section 2.06(a) prior to such date, and from time to --------------- time thereafter upon each prepayment of the Advances, the aggregate Commitments of the Banks shall be automatically and permanently reduced on a pro rata basis --- ---- by an amount equal to the amount by which (i) the aggregate Commitments immediately prior to such reduction exceeds (ii) the aggregate unpaid principal ------- amount of all Advances (determined in the case of any Advances denominated in an Alternative Currency by reference to the Dollar Amount) outstanding at such time.