Common use of Reduction or Cancellation of Commitments Clause in Contracts

Reduction or Cancellation of Commitments. Upon three Business Days' prior written and irrevocable notice to the Administrative Agent, EDS may from time to time permanently reduce in whole or in part the Aggregate Committed Sum, provided that, any reduction in part must be in the amount of at least $5,000,000 or a greater integral multiple of $1,000,000; provided, further, that no such notice may be given or become effective at any time when a Notice of Advance is outstanding; provided, further, that no such reduction shall cause the Aggregate Committed Sum to be less than the total principal amount of all Loans then outstanding. Any such reduction shall be effective as of the date set forth in the notice and shall reduce the Committed Sum of each Lender in proportion to each Lender's Percentage unless such reduction shall be made pursuant to Section 3.17. Any reduction in the Aggregate Committed Sum shall have no effect upon any Loans then outstanding hereunder.

Reduction or Cancellation of Commitments. Upon three Business Days' ’ prior written and irrevocable notice to the Administrative Agent, EDS may from time to time permanently reduce in whole or in part the Aggregate Committed Sum, provided that, any reduction in part must be in the amount of at least $5,000,000 or a greater integral multiple of $1,000,000; provided, further, that no such notice may be given or become effective at any time when a Notice of Advance is outstanding; provided, further, that no such reduction shall cause the Aggregate Committed Sum to be less than the total principal amount of all Loans then outstandingCredit Exposure at the time. Any such reduction shall be effective as of the date set forth in the notice and shall reduce the Committed Sum of each Lender in proportion to each Lender's ’s Percentage unless such reduction shall be made pursuant to Section 3.17. Any reduction in the Aggregate Committed Sum shall have no effect upon any Loans or LC Exposure then outstanding hereunder.

Reduction or Cancellation of Commitments. Upon three Business Days' ’ prior written and irrevocable notice to the Administrative Agent, EDS may from time to time permanently reduce in whole or in part the Aggregate Committed Sum, provided that, any reduction in part must be in the amount of at least $5,000,000 or a greater integral multiple of $1,000,000; provided, further, that no such notice may be given or become effective at any time when a Notice of Advance is outstanding; provided, further, that no such reduction shall cause the Aggregate Committed Sum to be less than the total principal amount of all Loans then outstanding. Any such reduction shall be effective as of the date set forth in the notice and shall reduce the Committed Sum of each Lender in proportion to each Lender's ’s Percentage unless such reduction shall be made pursuant to Section 3.17. Any reduction in the Aggregate Committed Sum shall have no effect upon any Loans then outstanding hereunder.