Common use of Reduction of Unfunded Commitment Clause in Contracts

Reduction of Unfunded Commitment. In connection with a public offering of the Company's Common Stock, any Cash Equity Investor may request that the Company reduce the Unfunded Commitment of such Cash Equity Investor upon the divestiture to the Company by such Cash Equity Investor (including by transferring to the Company shares of Common Stock which may be sold by the Company, including by the Company's sale of such shares in a registered offering in lieu of such Cash Equity Investor's otherwise allocable pro rata share of such registered offering) a number of shares of Company Stock having a value (based upon the gross proceeds per share of Common Stock to be received by the Company in such offering) equal to the amount by which the then present value of the Unfunded Commitment (determined by using the Applicable Federal Rate as the relevant discount rate) is to be reduced.

Reduction of Unfunded Commitment. In connection with a public -------------------------------- offering of the Company's Common Stock, any Cash Equity Investor may request that the Company reduce the Unfunded Commitment of such Cash Equity Investor upon the divestiture to the Company by such Cash Equity Investor (including by transferring to the Company shares of Common Stock which may be sold by the Company, including by the Company's sale of such shares in a registered offering in lieu of such Cash Equity Investor's otherwise allocable pro rata share of such registered offering) a number of shares of Company Stock having a value (based upon the gross proceeds per share of Common Stock to be received by the Company in such offering) equal to the amount by which the then present value of the Unfunded Commitment (determined by using the Applicable Federal Rate as the relevant discount rate) is to be reduced.