Common use of Reduction of Revolver Commitments Clause in Contracts

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such datedate plus the Prepetition Obligations then outstanding and Reinstated Prepetition Obligations then outstanding, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,0005,000,000), shall be made by providing not less than 10 5 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,0005,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), 2.2(a) plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a2.10(a)). Each such reduction shall be in an amount which is not less than $10,000,000 5,000,000 (unless the Revolver Commitments are being reduced to zero and terminated and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,0005,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. Notwithstanding the foregoing, unless the Revolver Commitments are being reduced to zero and terminated, no such reduction shall result in the Revolver Commitments being reduced to an amount less than $30,000,000.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the earlier of (i) the Maturity DateDate and (ii) the date upon which Borrower has exercised its early termination rights as set forth in Section 3.6. Until the date of such termination, Borrower may reduce the Revolver Commitments to an amount (which may be zero) not less than the greater of (i) $15,000,000 and (ii) sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 2,500,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,0002,500,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity DateDate or earlier termination thereof pursuant to the terms of this Agreement. Borrower Borrowers may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,0005,000,000), shall be made by providing not less than 10 ten Business Days prior written notice to Agent, and shall be irrevocable. Once The Revolver Commitments, once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (Ai) the Revolver Usage as of such date, plus (Bii) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (Ciii) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,0005,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increasedincreased except in accordance with Section 2.17. Each such reduction of the Revolver Commitments shall reduce (A) the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereofPro Rata Share thereof and (B) the UK Advance Sublimit such that the ratio of the UK Advance Sublimit to the aggregate Revolver Commitments remains the same as prior to such reduction in Revolver Commitments.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower Borrowers may reduce the Revolver Commitments to an amount (which may be zero) not less than the greater of (i) $100,000,000 and (ii) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a); provided that the Borrowers may reduce the Revolver Commitment to $0 in connection with the payment in full of all Obligations and the termination of the Revolver Commitment in accordance with the terms hereof. Each such reduction shall be in an amount which is not less than $10,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,000)1,000,000, shall be made by providing not less than 10 3 Business Days prior written notice to Agent, Agent and shall be irrevocable. Once reduced, the Revolver Commitments may not be increasedincreased except in accordance with Section 2.17. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity DateDate or earlier termination thereof pursuant to the terms of this Agreement. Borrower Borrowers may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 5,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,0005,000,000), shall be made by providing not less than 10 ten Business Days prior written notice to AgentLender, and shall be irrevocable. Once The Revolver Commitments, once reduced, the Revolver Commitments may not be increased. Each such In connection with any reduction of in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall reduce deliver to Lender an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Revolver Commitments Borrowers, together with such other documentation as Lender shall reasonably request, in order to enable Lenders to comply with any of each Lender proportionately in accordance with its ratable share thereofthe requirements under Regulations T, U or X of the Federal Reserve Board.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Termination Date. Borrower Subject to Section 2.4(e)(i), Borrowers may reduce the Revolver Commitments Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (AI) the Revolver Usage as of such date, plus (BII) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrower Borrowers under Section 2.3(a), plus (CIII) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,000)5,000,000, shall be made by providing not less than 10 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. All mandatory prepayments pursuant to Section 2.4(e)(ii) shall permanently reduce the Maximum Revolver Amount.

Reduction of Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $10,000,000 [***] (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $10,000,000[***]), shall be made by providing not less than 10 5 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.