Reductions of the Commitments. (a) On any Business Day during the Series 1998-2 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days' prior written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) reduce or terminate the Commitments (a "COMMITMENT REDUCTION") in an aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof; PROVIDED that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 1998-2 Invested Amount on such date, the Series 1998-2 Invested Amount would exceed the Aggregate Commitment Amount then in effect. Each APA Banks's Commitment shall be reduced by such APA Bank's Commitment Percentage of the amount of such Commitment Reduction. (b) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Servicer, the Trustee and each APA Bank.
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Reductions of the Commitments. (a) On any Business Day during the Series 19981999-2 A Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days' prior written notice to the Funding Agent (effective upon receipt) (), with copies to the Servicer and the Trustee) , reduce or terminate the Commitments (a "COMMITMENT REDUCTIONCommitment Reduction") in an aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 5,000,000 in excess thereof; PROVIDED provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 19981999-2 A Invested Amount (calculated without regard to clauses (d) and (e) of the definition of Series 1999-A Purchaser Invested Amount) on such date, the Series 19981999-2 A Invested Amount would exceed the Aggregate Commitment Amount then in effect. Each APA BanksPurchaser's Commitment shall be reduced by such APA BankPurchaser's Commitment Percentage of the amount of such Commitment Reduction.
(b) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank Purchaser and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Servicer, the Trustee and each APA BankPurchaser.
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Samples: Pooling Agreement (American Axle & Manufacturing Inc)
Reductions of the Commitments. (a) On any Business Day during the Series 19981997-2 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days' Days prior written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) reduce or terminate the Commitments (a "COMMITMENT REDUCTIONCommitment Reduction") in an aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 5,000,000 in excess thereof; PROVIDED provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 19981997-2 Invested Amount (calculated without regard to clauses (d) and (e) of the definition of Series 1997-2 Purchaser Invested Amount) on such date, the Series 19981997-2 Invested Amount would exceed the Aggregate Commitment Amount then in effect. Each APA BanksPurchaser's Commitment shall be reduced by such APA BankPurchaser's Commitment Percentage of the amount of such Commitment Reduction.. Series 1997-2 Supplement
(b) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank Purchaser and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Master Servicer, the Trustee and each APA BankPurchaser.
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Samples: Pooling Agreement (Lifestyle Furnishings International LTD)
Reductions of the Commitments. (a) On any Business Day during the Series 19982003-2 1 Revolving Period, the Company, on behalf of 34 the Trust, may, upon three ten Business Days' prior written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) reduce or terminate the Commitments (a "COMMITMENT REDUCTION") in an a minimum aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof; PROVIDED that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 19982003-2 1 Invested Amount on such date, the Series 19982003-2 1 Invested Amount would exceed the Aggregate Commitment Maximum Invested Amount then in effect. Each APA BanksBank's Commitment shall be reduced by such APA Bank's Commitment Percentage Pro Rata Share of the amount of such Commitment Reduction.
(b) Upon commencement of the Series 2003-1 Amortization Period, the Aggregate Commitment Amount shall be reduced to 102% of the Maximum Invested Amount, and the Maximum Invested Amount shall be reduced to the Series 2003-1 Invested Amount. Each APA Bank's commitment shall be reduced by such APA Bank's Pro Rata Share of the amount of such reduction.
(c) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Servicer, the Trustee and each APA Bank.
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