Common use of Reduction or Termination of the Commitment Amount Clause in Contracts

Reduction or Termination of the Commitment Amount. The Funds and Portfolios may from time to time, upon at least 30 calendar days' prior written or telephonic notice given by or on behalf of the Funds and Portfolios and received by the Operations Agent, permanently reduce the Commitment Amount, but only upon payment of the unpaid principal amount of the Loans, if any, in excess of the then-reduced amount of the Commitment Amount, plus (i) accrued interest to the date of such payment on the principal amount being repaid and (ii) any amount required to indemnify the Banks pursuant to Section 5.5 in respect of such payment. Any such reduction shall be in a minimum amount of $1,000,000 and in an integral multiple of $500,000 and shall be applied to each Bank according to its Pro Rata Share. The Funds and Portfolios may at any time on like notice terminate the Commitments upon payment in full of (a) the Loans, (b) accrued interest thereon to the date of such payment, (c) any amount required to indemnify the Banks pursuant to Section 5.5 in respect of such payment, and (d) any other liabilities of the Funds and Portfolios hereunder. The Funds and Portfolios shall promptly confirm any telephonic notice of reduction or termination of the Commitments in writing.

Reduction or Termination of the Commitment Amount. The Funds and Portfolios may from time to time, upon at least 30 calendar days' prior written or telephonic notice given by or on behalf of the Funds and Portfolios and received by the Operations Agent, permanently reduce the Commitment Amount, but only upon payment of the unpaid principal amount of the Loans, if any, in excess of the then-reduced amount of the Commitment Amount, plus (i) accrued interest to the date of such payment on the principal amount being repaid and (ii) any amount required to indemnify the Banks pursuant to Section 5.5 in respect of such payment. Any such reduction shall be in a minimum amount of $1,000,000 and in an integral multiple of $500,000 and shall be applied to each Bank according to its Pro Rata Share. The Funds and Portfolios may at any time on like notice terminate the Commitments upon payment in full of (a) the Loans, (b) accrued interest thereon to the date of such payment, (c) any amount required to indemnify the Banks pursuant to Section 5.5 in respect of such payment, and (d) any other liabilities of the Funds and Portfolios hereunder. The Funds and Portfolios shall promptly confirm any telephonic notice of reduction or termination of the Commitments in writing.

Reduction or Termination of the Commitment Amount. The Funds and Portfolios may from time to time, upon at least 30 calendar days' prior written or telephonic notice given by or on behalf of the Funds and Portfolios and received by the Operations Agent, permanently reduce the Commitment Amount, but only upon payment of the unpaid principal amount of the Loans, if any, in excess of the then-reduced amount of the Commitment Amount, plus (i) accrued interest to the date of such payment on the principal amount being repaid and (ii) any amount required to indemnify the Banks pursuant to Section SECTION 5.5 in respect of such payment. Any such reduction shall be in a minimum amount of $1,000,000 and in an integral multiple of $500,000 and shall be applied to each Bank according to its Pro Rata Share. The Funds and Portfolios may at any time on like notice terminate the Commitments upon payment in full of (a) the Loans, (b) accrued interest thereon to the date of such payment, (c) any amount required to indemnify the Banks pursuant to Section SECTION 5.5 in respect of such payment, and (d) any other liabilities of the Funds and Portfolios hereunder. The Funds and Portfolios shall promptly confirm any telephonic notice of reduction or termination of the Commitments in writing.