Common use of Reduction or Cancellation of Commitments Clause in Contracts

Reduction or Cancellation of Commitments. Upon five (5) Business Days prior written notice to Agent, Borrower may permanently reduce the Total Commitment by the amount of Five Million Dollars ($5,000,000) or integral multiples in excess thereof, or cancel the Total Commitment in its entirety; provided, however, that: (i) Borrower may not reduce the Total Commitment prior to the Maturity Date, if, after giving effect to such reduction, the aggregate principal amount of all Loans then outstanding plus the aggregate amount available for drawing under all Letters of Credit outstanding at such time plus the aggregate amount of all Reimbursement Obligations outstanding at such time would exceed the Total Commitment; and (ii) Borrower may not cancel the Total Commitment prior to the Maturity Date, if, after giving effect to such cancellation, any Loan, Reimbursement Obligation or Letter of Credit would then remain outstanding. Unless sooner terminated pursuant to this Agreement, the Commitments shall terminate on the Maturity Date.

Reduction or Cancellation of Commitments. Upon five (5) Business Days prior written notice to Agent, Borrower FIL may permanently reduce the Total Commitment by the Dollar amount or Dollar Equivalent (as applicable) amount of Five Million Dollars ($5,000,000) or integral multiples in excess thereof, or cancel the Total Commitment in its entirety; provided, however, that: (i) Borrower FIL may not reduce the Total Commitment prior to the Maturity Date, if, after giving effect to such reduction, the Dollar Amount or Dollar Equivalent (as applicable) of the aggregate principal amount of all Loans then outstanding plus the aggregate amount available for drawing under all Letters of Credit outstanding at such time plus the aggregate amount of all Reimbursement Obligations outstanding at such time would exceed the Total Commitment; and (ii) Borrower FIL may not cancel the Total Commitment prior to the Maturity Date, if, after giving effect to such cancellation, any Loan, Reimbursement Obligation or Letter of Credit would then remain outstanding. Unless sooner terminated pursuant to this Agreement, the Commitments shall terminate on the Maturity Date.

Reduction or Cancellation of Commitments. Upon five (5) Business Days prior written notice to Agent, Borrower Borrowers may permanently reduce the Total Commitment by the Dollar amount or Dollar Equivalent (as applicable) amount of Five Million Dollars ($5,000,000) or integral multiples in excess thereof, or cancel the Total Commitment in its entirety; provided, however, that: (i) Borrower Borrowers may not reduce the Total Commitment prior to the Maturity Date, if, after giving effect to such reduction, the Dollar Equivalent of the aggregate principal amount of all Loans then outstanding plus the aggregate amount available for drawing under all Letters of Credit outstanding at such time plus the aggregate amount of all Reimbursement Obligations outstanding at such time would exceed the Total Commitment; and (ii) Borrower Borrowers may not cancel the Total Commitment prior to the Maturity Date, if, after giving effect to such cancellation, any Loan, Reimbursement Obligation or Letter of Credit would then remain outstanding. Unless sooner terminated pursuant to this Agreement, the Commitments shall terminate on the Maturity Date.