REDUCTION OF COMMITMENTS BY COBANK Clause Samples

REDUCTION OF COMMITMENTS BY COBANK. CoBank shall have the right to, from time to time, reduce, pursuant to the criteria set forth on Exhibit 2.3, the ----------- System Committed Loan Amount and the Bank System Loan Percentage upon receipt of Borrower's notification pursuant to Subsection 12.2.6 or 12.2.7 that (a) the projected or actual Underlying Borrower Maximum Financing Need has decreased 20% or more from the estimate previously submitted by Borrower to CoBank, or (b) the Underlying Borrower's percen tage ownership of a Licensee will decrease. In the event of any reduction of a System Committed Loan Amount or a Bank System Loan Percentage under this Section 2.3, CoBank shall promptly revise the Table to reflect such reduction.