Common use of Reduction or Termination of Commitments Clause in Contracts

Reduction or Termination of Commitments. The Company may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount not less than the Total Outstandings; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of the Dollar Equivalent Amount of $10,000,000 or any whole multiple of the Dollar Equivalent Amount of $1,000,000 in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Applicable Percentage. All facility fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

Reduction or Termination of Commitments. The Company may, upon notice Borrower may at any time or from time to the Administrative Agent, time reduce or terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount Commitment of each Bank by giving not less than ten (10) full Business Days' prior written notice to such effect to the Total Outstandings; Agent, provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of the Dollar Equivalent Amount of $10,000,000 or any whole multiple of the Dollar Equivalent Amount of $1,000,000 in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of $1,000,000.00 or an integral multiple thereof. Concurrently with each such reduction or termination, all amounts in excess of the Aggregate Commitments, such Sublimit reduced Commitments shall be automatically reduced by due and payable and it is a condition to the effectiveness of such reduction that the Borrower shall immediately prepay the entire amount of such excessexcess together with all accrued interest thereon and such other amounts that may be required to be paid in consequence of such prepayment under Section 2.3(d). The Administrative Agent shall promptly notify Promptly after the Lenders Agent's receipt of any such notice of reduction or termination reduction, the Agent shall notify each Bank of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any proposed reduction of the Aggregate Commitments and such reduction shall be applied effective on the date specified in the Borrower's notice with respect to such reduction and shall reduce the Commitment of each Lender according to Bank proportionately in accordance with its Applicable Pro Rata Percentage. All facility fees accrued until After each such reduction, the effective commitment fee shall be calculated upon the Commitments as so reduced. The Commitment of each Bank shall automatically terminate on the Maturity Date or in the event of acceleration of the maturity date of any termination the Notes. Each reduction of the Aggregate Commitments Commitment hereunder shall be paid on the effective date of such terminationirrevocable.

Reduction or Termination of Commitments. The Company maymay at any time or from time to time reduce ratably in proportion to their respective 50 Commitments and Swingline Commitments or terminate in whole, upon the respective Commitments and Swingline Commitments of the Banks hereunder by giving not less than three full Business Days' prior written notice to such effect to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount not less than the Total Outstandings; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of the Dollar Equivalent Amount not less than $5,000,000 and an integral multiple of $10,000,000 or any whole multiple 1,000,000; provided, further, that the Commitments may not be reduced to an amount less than the sum of the Dollar Equivalent Amount of $1,000,000 in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate CommitmentsSwingline Exposure, the Letter of Credit SublimitExposure and the aggregate principal amount of Loans outstanding at such time, unless simultaneously therewith the Company shall make a prepayment in accordance with Section 3.02(a) hereof. In the event of any prepayment of the Loans outstanding hereunder pursuant to Section 3.02(b) or (c), the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit Commitments shall be automatically ratably reduced by the amount of such excessprepayment to the extent provided in Section 3.02(b) or (c). The Administrative Agent shall promptly notify the Lenders each Bank of any such notice its Pro Rata Share of reduction or termination and of the Aggregate date of each reduction of the Commitments. Once reduced After each such reduction, the Commitment Fees and Utilization Fees owing to each Bank shall be calculated upon the Commitment of such Bank as so reduced. In the event of acceleration of the date on which any Loan is payable in accordance with this SectionArticle X, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any reduction hereunder of the Aggregate Commitments Banks shall be applied to the Commitment of each Lender according to its Applicable Percentagethereupon automatically terminate without notice. All facility fees accrued until the effective date of Each reduction or any termination of the Aggregate Commitments Commitments, and each notice thereof, under this Agreement shall be paid on the effective date of such terminationirrevocable.

Reduction or Termination of Commitments. The Company may, upon notice Borrower may at any time or from time to the Administrative Agent, time reduce or terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount Commitment of each Bank by giving not less than ten (10) full Business Days’ prior written notice to such effect to the Total Outstandings; Agent, provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate the amount of the Dollar Equivalent Amount of $10,000,000 or any whole multiple of the Dollar Equivalent Amount of $1,000,000 or an integral multiple thereof. Concurrently with each such reduction or termination, all amounts in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit reduced Commitments shall be automatically reduced by due and payable and it is a condition to the effectiveness of such reduction that the Borrower shall immediately prepay the entire amount of such excessexcess together with all accrued interest thereon and such other amounts that may be required to be paid in consequence of such prepayment under Section 2.04. The Administrative Agent shall promptly notify Promptly after the Lenders Agent’s receipt of any such notice of reduction or termination reduction, the Agent shall notify each Bank of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any proposed reduction of the Aggregate Commitments and such reduction shall be applied effective on the date specified in the Borrower’s notice with respect to such reduction and shall reduce the Commitment of each Lender according Bank proportionately in accordance with its Pro Rata Percentage (and such reduction shall also ratably reduce the Commitments related to its Applicable PercentageFacility Letters of Credit). All facility fees accrued until After each such reduction, the effective commitment fee shall be calculated upon the Commitments as so reduced. The Commitment of each Bank shall automatically terminate on the Maturity Date or in the event of acceleration of the maturity date of any termination the Notes. Each reduction of the Aggregate Commitments Commitment hereunder shall be paid on the effective date of such terminationirrevocable.

Reduction or Termination of Commitments. The Company maymay at any time or from time to time reduce ratably in proportion to their respective Commitments or terminate in whole, upon the respective Commitments of the Banks hereunder by giving not less than five full Business Days' prior written notice to such effect to the Administrative Agent, terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount not less than the Total Outstandings; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of the Dollar Equivalent Amount not less than $3,000,000 and an integral multiple of $10,000,000 or 250,000; provided, further, that, the Commitments may not be reduced to an amount less than the aggregate principal amount of Discretionary Loans and Conventional Loans outstanding at such time, unless simultaneously therewith the Company shall make a prepayment in accordance with Section 3.02(a) hereof. In the event of any whole multiple prepayment of the Dollar Equivalent Amount of $1,000,000 in excess thereof and (iii) if, after giving effect Loans outstanding hereunder pursuant to any reduction of the Aggregate CommitmentsSection 3.02(b)(ii), the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit Commitments shall be automatically ratably reduced by the amount of such excessprepayment to the extent provided in Section 3.02(b)(ii). The Administrative Agent shall promptly notify the Lenders each Bank of any such notice its Pro Rata Share of reduction or termination and of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any date of each reduction of the Aggregate Commitments Commitments. After each such reduction, the Commitment Fees owing to each Bank shall be applied to calculated upon the Commitment of each Lender according to its Applicable Percentagesuch Bank as so reduced. All facility fees accrued until In the effective event of acceleration of the maturity date of any Loan, the Commitments hereunder of the Banks shall thereupon automatically terminate without notice. Each reduction or any termination of the Aggregate Commitments hereunder shall be paid on irrevocable. Application of Proceeds The Company agrees that the effective date proceeds of such terminationthe Loans hereunder shall be used by the Company for general corporate purposes, including the repayment of maturing commercial paper.

Reduction or Termination of Commitments. The Company may, upon notice Borrower may at any time or from time to the Administrative Agent, time reduce or terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount Commitment of each Bank by giving not less than ten (10) full Business Days' prior written notice to such effect to the Total Outstandings; Agent, provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of the Dollar Equivalent Amount of $10,000,000 or any whole multiple of the Dollar Equivalent Amount of $1,000,000 in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of $1,000,000.00 or an integral multiple thereof. Concurrently with each such reduction or termination, all amounts in excess of the Aggregate Commitments, such Sublimit reduced Commitments shall be automatically reduced by due and payable and it is a condition to the effectiveness of such reduction that the Borrower shall immediately prepay the entire amount of such excessexcess together with all accrued interest thereon and such other amounts that may be required to be paid in consequence of such prepayment under Section 2.3(d). The Administrative Agent shall promptly notify Promptly after the Lenders Agent's receipt of any such notice of reduction or termination reduction, the Agent shall notify each Bank of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any proposed reduction of the Aggregate Commitments and such reduction shall be applied effective on the date specified in the Borrower's notice with respect to such reduction and shall reduce the Commitment of each Lender according to Bank proportionately in accordance with its Applicable Pro Rata Percentage. All facility fees accrued until After each such reduction, the effective commitment fee shall be calculated upon the Commitments as so reduced. The Commitment of each Bank shall automatically terminate on the Maturity Date or in the event of acceleration of the maturity date of the Notes. Additionally, as provided for under Section 2.1(a), each Bank's unused Commitment shall automatically terminate without notice to the Borrower or any termination other Person on the earlier to occur of October 31, 2000 or immediately after the Agent has received and disbursed to the Borrower such Bank's Pro Rata Percentage of the Aggregate Commitments fourth new Loan advance requested hereunder by the Borrower. Each reduction of the Commitment hereunder shall be paid on the effective date of such terminationirrevocable.

Reduction or Termination of Commitments. The Company may, upon notice Borrower --------------------------------------- may at any time or from time to the Administrative Agent, time reduce or terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount Com- mitment of each Bank by giving not less than ten (10) full Busi- ness Days' prior written notice to such effect to the Total Outstandings; Agent, provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of the Dollar Equivalent Amount of $10,000,000 or any whole multiple of the Dollar Equivalent Amount of $1,000,000 in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of $1,000,000.00 or an integral multiple thereof. Concurrently with each such reduction or termination, all amounts in excess of the Aggregate Commitments, such Sublimit reduced Commitments shall be automatically reduced by due and payable and it is a condition to the effectiveness of such reduction that the Borrower shall immediately prepay the entire amount of such excessexcess together with all accrued interest thereon and such other amounts that may be required to be paid in consequence of such prepayment under Section 2.3(d). The Administrative Agent shall promptly notify Promptly after the Lenders Agent's receipt of any such notice of reduction or termination reduction, the Agent shall notify each Bank of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any proposed reduction of the Aggregate Commitments and such reduction shall be applied effective on the date specified in the Borrower's notice with respect to such reduction and shall reduce the Commitment of each Lender according to Bank proportionately in accordance with its Applicable Pro Rata Percentage. All facility fees accrued until After each such reduction, the effective commitment fee shall be calculated upon the Commitments as so reduced. The Commitment of each Bank shall automatically terminate on the Maturity Date or in the event of acceleration of the maturity date of any termination the Notes. Each reduction of the Aggregate Commitments Commitment hereunder shall be paid on the effective date of such terminationirrevocable.

Reduction or Termination of Commitments. The Company may, upon notice Borrower may at any time or from time to the Administrative Agent, time reduce or terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount Commitment of each Bank by giving not less than ten (10) full Business Days’ prior written notice to such effect to the Total Outstandings; Agent, provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate the amount of the Dollar Equivalent Amount of $10,000,000 or any whole multiple of the Dollar Equivalent Amount of $1,000,000 or an integral multiple thereof. Concurrently with each such reduction or termination, all amounts in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit reduced Commitments shall be automatically reduced by due and payable and it is a condition to the effectiveness of such reduction that the Borrower shall immediately prepay the entire amount of such excessexcess together with all accrued interest thereon and such other amounts that may be required to be paid in consequence of such prepayment under Section 2.03. The Administrative Agent shall promptly notify Promptly after the Lenders Agent’s receipt of any such notice of reduction or termination reduction, the Agent shall notify each Bank of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any proposed reduction of the Aggregate Commitments and such reduction shall be applied effective on the date specified in the Borrower’s notice with respect to such reduction and shall reduce the Commitment of each Lender according Bank proportionately in accordance with its Pro Rata Percentage (and such reduction shall also ratably reduce the Commitments related to its Applicable PercentageFacility Letters of Credit). All facility fees accrued until After each such reduction, the effective commitment fee shall be calculated upon the Commitments as so reduced. The Commitment of each Bank shall automatically terminate on the Maturity Date or in the event of acceleration of the maturity date of any termination the Notes. Each reduction of the Aggregate Commitments Commitment hereunder shall be paid on the effective date of such terminationirrevocable.

Reduction or Termination of Commitments. The Company may, upon notice Borrower --------------------------------------- may at any time or from time to the Administrative Agent, time reduce or terminate the Aggregate Commitments, or permanently reduce the Aggregate Commitments to an amount Com- mitment of each Bank by giving not less than ten (10) full Busi- ness Days' prior written notice to such effect to the Total Outstandings; Agent, provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon one Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of the Dollar Equivalent Amount of $10,000,000 or any whole multiple of the Dollar Equivalent Amount of $1,000,000 in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit, the Offshore Currency Committed Loan and Swing Line Loan Sublimit or the Offshore Currency Committed Loan, Swing Line Loan or Letter of Credit Sublimit exceeds the amount of $1,000,000.00 or an integral multiple thereof. Concurrently with each such reduction or termination, all amounts in excess of the Aggregate Commitments, such Sublimit reduced Commitments shall be automatically reduced by due and payable and it is a condition to the effectiveness of such reduction that the Borrower shall immediately prepay the entire amount of such excessexcess together with all accrued interest thereon and such other amounts that may be required to be paid in consequence of such prepayment under Section 2.3(d). The Administrative Agent shall promptly notify Promptly after the Lenders Agent's receipt of any such notice of reduction or termination reduction, the Agent shall notify each Bank of the Aggregate Commitments. Once reduced in accordance with this Section, the Aggregate Commitments may not be increased except in accordance with Section 2.03. Any proposed reduction of the Aggregate Commitments and such reduction shall be applied effec- tive on the date specified in the Borrower's notice with respect to such reduction and shall reduce the Commitment of each Lender according Bank proportionately in accordance with its Pro Rata Percentage (and such reduction shall also ratably reduce the Commitments related to its Applicable PercentageFacility Letters of Credit). All facility fees accrued until After each such reduction, the effective commitment fee shall be calculated upon the Commitments as so reduced. The Commitment of each Bank shall automatically termi- nate on the Maturity Date or in the event of acceleration of the maturity date of any termination the Notes. Each reduction of the Aggregate Commitments Commitment hereunder shall be paid on the effective date of such terminationirrevocable.