Common use of Reductions in Revolving Loan Commitments Clause in Contracts

Reductions in Revolving Loan Commitments. U.S. Borrower may at any time on at least five (5) days' prior written notice to Agent permanently reduce (but not terminate) a portion of the U.S. Revolving Loan Commitment; provided that (A) any such reduction shall be in a minimum amount in Dollar Equivalents of $5,000,000 and integral Dollar Equivalent multiples of $1,000,000 in excess of such amount, (B) the U.S. Revolving Loan Commitment shall not be reduced to an amount less than $25,000,000, and (C) after giving effect to such reduction, U.S. Borrower shall comply with Section 1.3(b)(i). Any reduction in the U.S. Revolving Loan Commitment shall result in pro rata reductions in the Alternative Currency Sublimit and the U.S. L/C Sublimit. In addition, U.S. Borrower and European Borrower, may at any time on at least ten (10) days' prior written notice to Agent and Fronting Lender terminate the U.S. Revolving Loan Commitment and the European Revolving Loan Commitment respectively; provided that the U.S. Revolving Loan Commitment and European Revolving Loan Commitment shall be terminated simultaneously; and provided further that upon such terminations, all Loans and other Obligations shall be immediately due and payable in full and all European Letter of Credit Obligations and all U.S. Letter of Credit Obligations shall be cash collateralized in, at Agent's or Fronting Lender's option, an interest bearing account pursuant to documentation satisfactory to the Agent or Fronting Lender or otherwise satisfied in accordance with Annex B hereto. Any reduction of the U.S. Revolving Loan Commitment or termination of the U.S. Revolving Loan Commitment and European Revolving Loan Commitment must be accompanied by the payment of any LIBOR or Euribor, as applicable, funding breakage costs (if any) in accordance with Section 1.13(b). Upon any such reduction or termination, the right of the U.S. Borrower and/or the Borrowers, as the case may be, to request U.S. Revolving Credit Advances and/or European Revolving Credit Advances, as the case may be, or request that U.S. Letter of Credit Obligations and/or European Letter of Credit Obligations, as the case may be, be incurred on its behalf or request U.S. Swing Line Advances shall simultaneously be permanently reduced or terminated, as the case may be. Each notice of partial reduction and related prepayment (if any) shall designate the Loans or other Obligations to which such prepayment is to be applied.

Reductions in Revolving Loan Commitments. U.S. Borrower may at any time upon at least two (2) Business Days’(or such shorter period as is acceptable to Agent) prior notice by Borrower to Agent permanently reduce (but not terminate) the Aggregate Revolving Loan Commitment; provided, that (a) such prepayments or reductions shall be in an amount greater than or equal to $1,000,000, (b) the Revolving Loan Commitment shall not be reduced to an amount less than the greater of (i) $50,000,000 and (ii) the sum of the aggregate outstanding principal balance of Revolving Loans, Swing Loans plus Letter of Credit Obligations outstanding and (c) any reduction in the Revolving Credit Agreement shall cause a corresponding pro rata reduction in the Swingline Commitment. In addition, Borrower may at any time on at least five (5) days' ’ prior written notice by Borrower to Agent permanently reduce (but not terminate) a portion of terminate the U.S. Aggregate Revolving Loan Commitment; provided that (A) any such reduction shall be in a minimum amount in Dollar Equivalents of $5,000,000 and integral Dollar Equivalent multiples of $1,000,000 in excess of such amountprovided, (B) the U.S. Revolving Loan Commitment shall not be reduced to an amount less than $25,000,000, and (C) after giving effect to such reduction, U.S. Borrower shall comply with Section 1.3(b)(i). Any reduction in the U.S. Revolving Loan Commitment shall result in pro rata reductions in the Alternative Currency Sublimit and the U.S. L/C Sublimit. In addition, U.S. Borrower and European Borrower, may at any time on at least ten (10) days' prior written notice to Agent and Fronting Lender terminate the U.S. Revolving Loan Commitment and the European Revolving Loan Commitment respectively; provided that the U.S. Revolving Loan Commitment and European Revolving Loan Commitment shall be terminated simultaneously; and provided further that upon such terminationstermination, all Loans and other Obligations shall be immediately due and payable in full and all European Letter of Credit Obligations and all U.S. Letter of Credit Obligations shall be cash collateralized in, at Agent's or Fronting Lender's option, an interest bearing account pursuant to documentation satisfactory to the Agent or Fronting Lender or otherwise satisfied in accordance herewith. Optional reductions or terminations of the Revolving Loan Commitment shall be without premium or penalty except as provided in Section 10.4. All reductions of the Aggregate Revolving Loan Commitment shall be allocated pro rata among all Lenders with Annex B heretoa Revolving Loan Commitment. Any A permanent reduction of the U.S. Revolving Loan Commitment or termination of shall not require a corresponding pro rata reduction in the U.S. Revolving Loan Commitment and European Revolving Loan Commitment must be accompanied by the payment of any LIBOR or Euribor, as applicable, funding breakage costs (if any) in accordance with Section 1.13(b). Upon any such reduction or termination, the right of the U.S. Borrower and/or the Borrowers, as the case may be, to request U.S. Revolving Credit Advances and/or European Revolving Credit Advances, as the case may be, or request that U.S. Letter of Credit Obligations and/or European Letter of Credit Obligations, as the case may be, be incurred on its behalf or request U.S. Swing Line Advances shall simultaneously be permanently reduced or terminated, as the case may be. Each notice of partial reduction and related prepayment (if any) shall designate the Loans or other Obligations to which such prepayment is to be appliedL/C Sublimit.

Reductions in Revolving Loan Commitments. U.S. Borrower Borrowers may at any time on at least five (5) 5 days' prior written notice by Borrowers to Agent permanently reduce (but not terminate) a portion of the U.S. Revolving Loan Commitment; provided provided, that (A) any such reduction prepayments or reductions shall be in a minimum amount in Dollar Equivalents of $5,000,000 500,000 and integral Dollar Equivalent multiples of $1,000,000 100,000 in excess of such amount, amount and (B) the U.S. Revolving Loan Commitment shall not be reduced to an amount less than $25,000,000, and (C) after giving effect to such reductionreductions, U.S. Borrower Borrowers shall comply with Section 1.3(b)(i). Any reduction in the U.S. Revolving Loan Commitment shall result in pro rata reductions in the Alternative Currency Sublimit and the U.S. L/C Sublimit. In addition, U.S. Borrower and European Borrower, Borrowers may at any time on at least ten (10) 10 days' prior written notice by Borrowers to Agent and Fronting Lender terminate the U.S. Revolving Loan Commitment and the European Revolving Loan Commitment respectivelyCommitment; provided that the U.S. Revolving Loan Commitment and European Revolving Loan Commitment shall be terminated simultaneously; and provided further provided, that upon such terminationstermination, all Loans and other Obligations shall be immediately due and payable in full and all European Letter of Credit Obligations and all U.S. Letter of Credit Obligations shall be cash collateralized in, at Agent's or Fronting Lender's option, an interest bearing account pursuant to documentation satisfactory to the Agent or Fronting Lender or otherwise satisfied in accordance with Annex B hereto. Any voluntary prepayment and any reduction of the U.S. Revolving Loan Commitment or termination of the U.S. Revolving Loan Commitment and European Revolving Loan Commitment must be accompanied by the payment of any LIBOR or Euribor, as applicable, funding breakage costs (if any) in accordance with Section 1.13(b). Upon any such reduction or termination, the right termination of the U.S. Borrower and/or the BorrowersRevolving Loan Commitment, as the case may be, each Borrower's right to request U.S. Revolving Credit Advances and/or European Revolving Credit Advances, as the case may be, or request that U.S. Letter of Credit Obligations and/or European Letter of Credit Obligations, as the case may be, be incurred on its behalf or request U.S. Swing Line Advances behalf, shall simultaneously be permanently reduced or terminated, as the case may be. Each notice ; provided, that a permanent reduction of partial the Revolving Loan Commitment shall require a corresponding pro rata reduction and related prepayment (if any) shall designate in the Loans or other Obligations to which such prepayment is to be appliedL/C Sublimit.

Reductions in Revolving Loan Commitments. U.S. Borrower may at any time on at least five (5) days' prior written notice by Borrower to Agent permanently reduce (but not terminate) a portion of the U.S. Revolving Loan Commitment; provided that (A) any such reduction reductions shall be in a minimum amount in Dollar Equivalents of $5,000,000 and integral Dollar Equivalent multiples of $1,000,000 250,000 in excess of such amount, (B) the U.S. Revolving Loan Commitment shall not be reduced to an amount less than $25,000,000, the amount of the Revolving Loan and Swing Line Loan then outstanding and (C) after giving effect to such reductionreductions, U.S. Borrower shall comply with Section 1.3(b)(i). Any reduction in the U.S. Revolving Loan Commitment shall result in pro rata reductions in the Alternative Currency Sublimit and the U.S. L/C Sublimit. In addition, U.S. Borrower and European Borrower, may at any time on at least ten (10) days' prior written notice by Borrower to Agent and Fronting Lender terminate the U.S. Revolving Loan Commitment and the European Revolving Loan Commitment respectivelyCommitment; provided that the U.S. Revolving Loan Commitment and European Revolving Loan Commitment shall be terminated simultaneously; and provided further that upon such terminationstermination, (i) all Loans and other Obligations shall be immediately due and payable in full and (ii) all European Letter of Credit Obligations and all U.S. Letter of Credit Obligations shall be cash collateralized in, at Agent's or Fronting Lender's option, an interest bearing account pursuant to documentation satisfactory to the Agent or Fronting Lender or otherwise satisfied in accordance with Annex B hereto. B. Any voluntary reduction of the U.S. Revolving Loan Commitment or termination of the U.S. Revolving Loan Commitment and European Revolving Loan Commitment must be accompanied by (A) payment of the Fee required by Section 1.9(c) on the amount by which the Revolving Loan Commitment was reduced or terminated, plus (B) the payment of any LIBOR or Euribor, as applicable, funding breakage costs (if any) in accordance with Section 1.13(b), plus (C) the accrued but unpaid Fee required by Section 1.9(b) on the amount by which the Revolving Loan Commitment was reduced or terminated, as applicable, through the date of such reduction or termination, respectively. Upon any such reduction or termination, the right termination of the U.S. Borrower and/or the BorrowersRevolving Loan Commitment, as the case may be, Borrower's right to request U.S. Revolving Credit Advances and/or European Revolving Credit or Swing Line Advances, as the case may be, or to request that U.S. Letter of Credit Obligations and/or European Letter of Credit Obligations, as the case may be, be incurred on its behalf or request U.S. Swing Line Advances on behalf of any other Account Party, shall simultaneously be permanently reduced or terminated, as the case may be. Each notice ; provided that a permanent reduction of partial the Revolving Loan Commitment shall require a corresponding pro rata reduction and related prepayment (if any) shall designate in the Loans or other Obligations to which such prepayment is to be appliedL/C Sublimit.

Reductions in Revolving Loan Commitments. U.S. Borrower Borrowers may at any time on at least five (5) days' ’ prior written notice by Borrower Representative to Agent permanently reduce (but not terminateterminate in whole) a portion of the U.S. Revolving Loan Commitment; provided that (A) any such reduction reductions shall be in a minimum amount in Dollar Equivalents of $5,000,000 and integral Dollar Equivalent multiples of $1,000,000 in excess of such amount, (B) the U.S. Revolving Loan Commitment shall not be reduced to an amount less than $25,000,000, and (C) after giving effect to such reductionreductions, U.S. Borrower Borrowers shall comply with Section 1.3(b)(i). Any reduction in the U.S. Revolving Loan Commitment shall result in pro rata reductions in the Alternative Currency Sublimit and the U.S. L/C Sublimit. In addition, U.S. Borrower and European Borrower, Borrowers may at any time on at least ten (10) days' ’ prior written notice by Borrower Representative to Agent and Fronting Lender terminate the U.S. Revolving Loan Commitment and the European Revolving Loan Commitment respectivelyCommitment; provided that the U.S. Revolving Loan Commitment and European Revolving Loan Commitment shall be terminated simultaneously; and provided further that upon such terminationstermination, all Loans and other Obligations shall be immediately due and payable in full and all European Letter of Credit Obligations and all U.S. Letter of Credit Obligations shall be cash collateralized in, at Agent's or Fronting Lender's option, an interest bearing account pursuant to documentation satisfactory to the Agent or Fronting Lender or otherwise satisfied in accordance with Annex B hereto. Any reduction of the U.S. Revolving Loan Commitment or termination of the U.S. Revolving Loan Commitment and European Revolving Loan Commitment must be accompanied by payment of the Fee required by Section 1.7(c), if any, plus the payment of any LIBOR or Euribor, as applicable, funding breakage costs (if any) in accordance with Section 1.13(b1.11(b). Upon any such reduction or termination, the right termination of the U.S. Borrower and/or the BorrowersRevolving Loan Commitment, as the case may be, each Borrower’s right to request U.S. Revolving Credit Advances and/or European Revolving Credit Advances, as the case may be, or request that U.S. Letter of Credit Obligations and/or European Letter of Credit Obligations, as the case may be, be incurred on its behalf behalf, or request U.S. Swing Line Advances Advances, shall simultaneously be permanently reduced or terminated, as the case may be. Each notice ; provided that a permanent reduction of partial the Revolving Loan Commitment shall require a corresponding pro rata reduction and related prepayment (if any) shall designate in the Loans or other Obligations to which such prepayment is to be appliedL/C Sublimit.

Reductions in Revolving Loan Commitments. U.S. Borrower Borrowers may at any time on at least five (5) 5 days' prior written notice by Borrowers to Agent permanently reduce (but not terminate) a portion of the U.S. Revolving Loan Commitment; provided provided, that (A) any such reduction prepayments or reductions shall be in a minimum amount in Dollar Equivalents of $5,000,000 500,000 and integral Dollar Equivalent multiples of $1,000,000 100,000 in excess of such amount, (B) the U.S. Revolving Loan Commitment shall not be reduced to an amount less than the lesser of (i) $25,000,00020,000,000 and (ii) the amount of the Revolving Loan then outstanding, and (C) after giving effect to such reductionreductions, U.S. Borrower Borrowers shall comply with Section 1.3(b)(i). Any reduction in the U.S. Revolving Loan Commitment shall result in pro rata reductions in the Alternative Currency Sublimit and the U.S. L/C Sublimit. In addition, U.S. Borrower and European Borrower, Borrowers may at any time on at least ten (10) 10 days' prior written notice by Borrowers to Agent and Fronting Lender terminate the U.S. Revolving Loan Commitment and the European Revolving Loan Commitment respectivelyCommitment; provided that the U.S. Revolving Loan Commitment and European Revolving Loan Commitment shall be terminated simultaneously; and provided further provided, that upon such terminationstermination, all Loans and other Obligations shall be immediately due and payable in full and all European Letter of Credit Obligations and all U.S. Letter of Credit Obligations shall be cash collateralized in, at Agent's or Fronting Lender's option, an interest bearing account pursuant to documentation satisfactory to the Agent or Fronting Lender or otherwise satisfied in accordance with Annex B hereto. Any voluntary prepayment and any reduction of the U.S. Revolving Loan Commitment or termination of the U.S. Revolving Loan Commitment and European Revolving Loan Commitment must be accompanied by the payment of any LIBOR or Euribor, as applicable, funding breakage costs (if any) in accordance with Section 1.13(b). Upon any such reduction or termination, the right termination of the U.S. Borrower and/or the BorrowersRevolving Loan Commitment, as the case may be, each Borrower's right to request U.S. Revolving Credit Advances and/or European Revolving Credit Advances, as the case may be, or request that U.S. Letter of Credit Obligations and/or European Letter of Credit Obligations, as the case may be, be incurred on its behalf or request U.S. Swing Line Advances behalf, shall simultaneously be permanently reduced or terminated, as the case may be. Each notice ; provided, that a permanent reduction of partial the Revolving Loan Commitment shall require a corresponding pro rata reduction and related prepayment (if any) shall designate in the Loans or other Obligations to which such prepayment is to be appliedL/C Sublimit.