Common use of Reductions of Total Commitment Clause in Contracts

Reductions of Total Commitment. After the Effective Date, the Company shall have the right, upon at least three Business Days' prior irrevocable written notice to the Administrative Agent, who will promptly notify the Banks thereof, by telephone confirmed in writing, without premium or penalty, to reduce or terminate the Total Commitment, in whole at any time or in part from time to time, in minimum aggregate amounts of $10,000,000 (unless the Total Commitment at such time is less than $10,000,000, in which case, in an amount equal to the Total Commitment at such time) and, if such reduction is greater than $10,000,000, in integral multiples of $5,000,000 in excess of such amount, provided that (a) any such reduction of the Total Commitment shall apply to the Commitment of each Bank in accordance with its pro rata Share of the aggregate of such reduction, (b) any such reduction in the Total Commitment shall be permanent and (c) after giving effect to any such reduction, the Total Commitment shall equal or exceed an amount equal to the sum of the aggregate outstanding principal amount of Loans denominated in Dollars and the Currency Equivalent in Dollars of all outstanding Loans denominated in Alternative Currencies.

Reductions of Total Commitment. After the Effective Date, the Company shall have the right, upon at least three Business Days' prior irrevocable written notice to the Administrative Agent, who will promptly notify the Banks thereof, by telephone confirmed in writing, without premium or penalty, to reduce or terminate the Total Commitment, in whole at any time or in part from time to time, in minimum aggregate amounts of $10,000,000 (unless the Total Commitment at such time is less than $10,000,000, in which case, in an amount equal to the Total Commitment at such time) and, if such reduction is greater than $10,000,000, in integral multiples of $5,000,000 in excess of such amount, provided that (a) any such reduction of the Total Commitment shall apply to the Commitment of each Bank in accordance with its pro rata Share of the aggregate of such reduction, (b) any such reduction in the Total Commitment shall be permanent (it being understood that nothing in this Section 2.10(a) shall prevent an increase in the Commitments in accordance with Section 2.02(d)(ii)) and (c) after giving effect to any such reduction, the Total Commitment shall equal or exceed an amount equal to the sum of the aggregate outstanding principal amount of Loans denominated in Dollars and the Currency Equivalent in Dollars of all outstanding Loans denominated in Alternative CurrenciesTotal Outstanding Amount.

Reductions of Total Commitment. After the Effective Date, the Company Borrower shall have the right, upon at least three Business Days' ’ prior irrevocable written notice to the Administrative Agent, who will promptly notify the Banks Lenders thereof, by telephone confirmed in writing, without premium or penalty, to permanently reduce or terminate the Total Commitment, in whole at any time or in part from time to time, in minimum aggregate amounts of $10,000,000 (unless the Total Commitment at such time is less than $10,000,000, in which case, in an amount equal to the Total Commitment at such time) and, if such reduction is greater than $10,000,000, in integral multiples of $5,000,000 in excess of such amount, provided that (ai) any such reduction of the Total Commitment shall apply to the Commitment of each Bank Lender in accordance with its pro rata Share of the aggregate of such reduction, (bii) any such reduction in the Total Commitment shall be permanent and (ciii) after giving effect to any such reduction, the Total Commitment shall equal or exceed an amount equal to the sum of the aggregate outstanding principal amount of Loans denominated in Dollars and the Currency Equivalent in Dollars of all outstanding Loans denominated in Alternative CurrenciesTotal Outstanding Amount.

Reductions of Total Commitment. After the Effective Date, the Company shall have the right, upon at least three Business Days' ’ prior irrevocable written notice to the Administrative Agent, who will promptly notify the Banks thereof, by telephone confirmed in writing, without premium or penalty, to reduce or terminate the Total Commitment, in whole at any time or in part from time to time, in minimum aggregate amounts of $10,000,000 (unless the Total Commitment at such time is less than $10,000,000, in which case, in an amount equal to the Total Commitment at such time) and, if such reduction is greater than $10,000,000, in integral multiples of $5,000,000 in excess of such amount, provided that (a) any such reduction of the Total Commitment shall apply to the Commitment of each Bank in accordance with its pro rata Share of the aggregate of such reduction, (b) any such reduction in the Total Commitment shall be permanent and (c) after giving effect to any such reduction, the Total Commitment shall equal or exceed an amount equal to the sum of the aggregate outstanding principal amount of Loans denominated in Dollars and the Currency Equivalent in Dollars of all outstanding Loans denominated in Alternative CurrenciesTotal Outstanding Amount.

Reductions of Total Commitment. After the Effective Date, the Company Borrower shall have the right, upon at least three Business Days' ’ prior irrevocable written notice to the Administrative Agent, who will promptly notify the Banks Lenders thereof, by telephone confirmed in writing, without premium or penalty, to permanently reduce or terminate the Total Commitment, in whole at any time or in part from time to time, in minimum aggregate amounts of $10,000,000 (unless the Total Commitment at such time is less than $10,000,000, in which case, in an amount equal to the Total Commitment at such time) and, if such reduction is greater than $10,000,000, in integral multiples of $5,000,000 in excess of such amount, provided that (ai) any such reduction of the Total Commitment shall apply to the Commitment of each Bank Lender in accordance with its pro rata Share of the aggregate of such reduction, (bii) any such reduction in the Total Commitment shall be permanent and (ciii) after giving effect to any such reduction, the Total Commitment shall equal or exceed an amount equal to the sum of the aggregate outstanding principal amount of Loans denominated in Dollars and the Currency Equivalent in Dollars of all outstanding Loans denominated in Alternative CurrenciesTotal Outstanding Amount.

Reductions of Total Commitment. After the Effective Date, the Company Borrower shall have the right, upon at least three Business Days' ’ prior irrevocable written notice to the Administrative Agent, who will promptly notify the Banks Lenders thereof, by telephone confirmed in writing, without premium or penalty, to permanently reduce or terminate the Total Commitment, in whole at any time or in part from time to time, in minimum aggregate amounts #96109338v22 of $10,000,000 (unless the Total Commitment at such time is less than $10,000,000, in which case, in an amount equal to the Total Commitment at such time) and, if such reduction is greater than $10,000,000, in integral multiples of $5,000,000 in excess of such amount, provided that (ai) any such reduction of the Total Commitment shall apply to the Commitment of each Bank Lender in accordance with its pro rata Share of the aggregate of such reduction, (bii) any such reduction in the Total Commitment shall be permanent and (ciii) after giving effect to any such reduction, the Total Commitment shall equal or exceed an amount equal to the sum of the aggregate outstanding principal amount of Loans denominated in Dollars and the Currency Equivalent in Dollars of all outstanding Loans denominated in Alternative CurrenciesTotal Outstanding Amount.