Common use of Revolver Commitments Clause in Contracts

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000), shall be made by providing not less than five Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 25,000,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,00025,000,000), shall be made by providing not less than five ten Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve BoardBoard of Governors.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0005,000,000), shall be made by providing not less than five 3 Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 2,000,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0002,000,000), shall be made by providing not less than five ten Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the applicable Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers Administrative Borrower under Section 2.3(a), plus plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers Administrative Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 10,000,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0005,000,000), shall be made by providing not less than five Business Days seven (7) days’ prior written notice to Agent, and shall be irrevocable; provided, that such notice may provide that such reduction is conditioned upon the effectiveness of other credit facilities or other transactions specified herein, in which case such notice may be revoked or extended by Administrative Borrower (by notice to Agent on or prior to the specified effective date) if such condition is not satisfied. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the applicable Maturity Date, if any Loan Party or any of its Restricted Subsidiaries owns will acquire any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve BoardBoard of Governors.

Revolver Commitments. The Revolver Commitments shall terminate in full on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Subject to the Revolver Fee Letter, Borrowers may voluntarily reduce the Revolver Commitments, without premium or penalty, Commitments to an amount not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such datedate (giving effect to any Revolving Loans that are proposed to be contemporaneously prepaid with the proposed reduction on such day), plus (2B) the principal amount of all Revolving Loans not yet made as to which a request Notice of Borrowing has been given delivered by Borrowers under Section 2.3(a), plus (3) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such voluntary reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000zero), shall be made by providing not less than five three (3) Business Days prior written notice to Revolving Agent (with a copy to Agent) (or such later date as permitted by Revolving Agent in its sole discretion), and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In Notwithstanding anything to the contrary in this Agreement or otherwise and subject to the Revolver Fee Letter, on any date, if (A) the Term Loan is prepaid in connection with any reduction in an optional prepayment or a mandatory prepayment pursuant to Section 2.4(e)(iii), the Maximum Revolver Commitments prior Amount (and corresponding Revolver Commitments) shall be permanently reduced by an amount equal to the Maturity DatePro Rata Commitment Reduction Amount, if or (B) the aggregate outstanding principal balance of the Term Loan on such date is (or after giving effect to any Loan Party or any contemplated payment, will be) less than the Maximum Revolver Amount on such date, the Maximum Revolver Amount (and corresponding Revolver Commitments) shall be permanently reduced to the then outstanding principal balance of its Subsidiaries owns any Margin Stockthe Term Loan, and in each case, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered make any prepayment of Revolving Loans required by the Borrowers, together with this Agreement as a result of such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Boardreduction.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (Ax) $10,000,000 100,000,000 and (By) the sum of (1i) the Revolver Usage as of such date, plus (2ii) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3iii) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 100,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000105,000,000), shall be made by providing not less than five ten (10) Business Days Days’ prior written notice to Agent, Agent (or such shorter period as is acceptable to Agent in its discretion) and shall be irrevocableirrevocable provided that such reduction may be subject to a condition consisting of the closing and availability of funds under any financing facility or securities issuable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased, except in accordance with Section 2.4(g). Each Unless otherwise agreed in writing among Borrowers, Agent and each Lender directly affected thereby, each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (A) $10,000,000 and (B) the sum of (1a) the Revolver Usage as of such date, plus (2b) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3c) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is of $5,000,000 or a greater integral multiple of $1,000,000, shall not cause or result in the Revolver Commitments being less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 500,000,000 (unless the Revolver Commitments are being reduced to $10,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000zero), shall be made by providing not less than five Business Days ten days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to before the Maturity Date, if any Loan Party or any of its Restricted Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The U.S. Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the U.S. Revolver Commitments, without premium or penalty, to an amount not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the U.S. Revolver Usage as of such date, plus (2B) the principal amount of all U.S. Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all U.S. Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a); provided that if after any such reduction of the U.S. Revolver Commitments, the Australian Revolver Commitments will exceed the U.S. Revolver Commitments, such reduction shall be accompanied by a reduction of the Australian Revolver Commitments pursuant to Section 2.4(c)(ii) in the amount of such excess. Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the U.S. Revolver Commitments are being reduced to $10,000,000 zero and the amount of the U.S. Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0005,000,000), shall be made by providing not less than five 5 Business Days prior written notice to Agent, and shall be irrevocable; provided that such notice of termination may state that such notice is conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice may be revoked by Borrowers (by notice to Agent from Parent on or prior to the specified effective date) if such condition is not satisfied. The Revolver Commitments, once Once reduced, the U.S. Revolver Commitments may not be increased. Each such reduction of the U.S. Revolver Commitments shall reduce the U.S. Revolver Commitments of each U.S. Revolving Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (A) $10,000,000 40,000,000, and (B) the sum of (1x) the Revolver Usage as of such date, plus (2y) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3z) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a); provided that, in no event shall the Borrowers reduce the Revolver Commitments at any time to an amount which would be less than the outstanding principal amount of the Term Loan at such time. Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000)5,000,000, shall be made by providing not less than five 10 Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers Borrower may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers Borrower under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 500,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000500,000), shall be made by providing not less than five 10 Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers Borrower shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the BorrowersBorrower, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve BoardBoard of Governors.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater of (A) $10,000,000 and (B) the sum of (1d) the Revolver Usage as of such date, plus (2e) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3f) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 10,000,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,00010,000,000), shall be made by providing not less than five 10 Business Days Days’ prior written notice to Administrative Agent, and shall be irrevocable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Administrative Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Administrative Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board. (i) [Reserved].

Revolver Commitments. The US Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to Date. The Ex-Im Revolver Commitments shall terminate on the terms of this AgreementEx-Im Maturity Date. Borrowers may reduce the Revolver Commitments, in whole or in part, without premium or penalty; provided, that, Borrowers shall not at any time reduce the Ex-Im Revolver Commitments to an amount not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Ex-Im Revolver Usage as of such date, time plus (2B) the principal amount of all Revolving Loans Ex-Im Advances not yet made as of such time as to which a request has been given by Borrowers or Administrative Borrower; provided, further, that, Borrowers shall not at any time reduce the US Revolving Commitments to an amount less than the sum of (x) the US Revolver Usage as of such time, plus (y) the principal amount of all US Advances not yet made as of such time as to which a request has been given by Borrowers or Administrative Borrower under Section 2.3(a), plus (3z) the amount of all Letters of Credit not yet issued as of such time as to which a request has been given by Borrowers or Administrative Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 2,000,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0002,000,000), shall be made by providing not less than five ten (10) Business Days prior written notice to Agent (or such lesser number of Business Days as may be acceptable to Agent), which notice shall specify whether such reduction is in respect of the Ex-Im Revolver Commitment and/or the US Revolver Commitment and shall be irrevocable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share Pro Rata Share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0001,000,000), shall be made by providing not less than five 5 Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (A) $10,000,000 and 50,000,000 or (B) the sum of (1x) the Revolver Usage as of such date, plus (2y) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3z) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 the minimum amount set forth in the immediately preceding sentence and the amount of the Revolver Commitments in excess of such minimum amount in effect immediately prior to such reduction are is less than $15,000,0005,000,000), shall be made by providing not less than five ten Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (A) $10,000,000 and 50,000,000 or (B) the sum of (1x) the Revolver Usage as of such date, plus (2y) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3z) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 the minimum amount set forth in the immediately preceding sentence and the amount of the Revolver Commitments in excess of such minimum amount in effect immediately prior to such reduction are is less than $15,000,0005,000,000), shall be made by providing not less than five [AerSale] Amended and Restated Credit Agreement ​ ​ ​ ten Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve BoardFRB.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant Date. Subject to the terms of this Agreement. Section 2.6(e), Borrowers may reduce the Revolver Commitments, without premium or penalty, Commitments to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3c) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0005,000,000), shall be made by providing not less than five 10 Business Days Days’ prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U U, or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (A) $10,000,000 and (B1) the sum of (1A) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a)) and (2) $10,000,000; provided, that Borrowers may reduce the Revolver Commitments, without premium or penalty, to $0 if, after giving effect to such reduction and any current prepayments made hereunder, the Obligations shall have been paid in full. Each such reduction shall be in an amount which is not less than $5,000,000 1,000,000, and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000), shall be made by providing not less than five 10 Business Days prior written notice to Agent, and . Each such reduction notice shall be irrevocable; provided, that Borrowers may rescind or postpone any reduction notice if such reduction would have resulted from an anticipated refinancing and payment in full of all of the Obligations, which refinancing is not consummated or otherwise is delayed. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (A) $10,000,000 and 50,000,000 or (B) the sum of (1x) the Revolver Usage as of such date, plus (2y) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3z) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 the minimum amount set forth in the immediately preceding sentence and the amount of the Revolver Commitments in excess of such minimum amount in effect immediately prior to such reduction are is less than $15,000,0005,000,000), shall be made by providing not less than five ten Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party ​ or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve BoardFRB.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (Ax) $10,000,000 100,000,000 and (By) the sum of (1i) the Revolver Usage as of such date, plus (2ii) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3iii) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to 127255152_10 $10,000,000 100,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000105,000,000), shall be made by providing not less than five ten (10) Business Days Days’ prior written notice to Agent, Agent (or such shorter period as is acceptable to Agent in its discretion) and shall be irrevocableirrevocable provided that such reduction may be subject to a condition consisting of the closing and availability of funds under any financing facility or securities issuable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased, except in accordance with Section 2.4(g). Each Unless otherwise agreed in writing among Borrowers, Agent and each Lender directly affected thereby, each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater of (Ax) $10,000,000 100,000,000 and (By) the sum of (1i) the Revolver Usage as of such date, plus (2ii) the principal amount of all Revolving Loans Advances not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3iii) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 100,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000105,000,000), shall be made by providing not less than five ten (10) Business Days Days’ prior written notice to Agent, Agent (or such shorter period as is acceptable to Agent in its discretion) and shall be irrevocableirrevocable provided that such reduction may be subject to a condition consisting of the closing and availability of funds under any financing facility or securities issuable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased, except in accordance with Section 2.4(g). Each EachUnless otherwise agreed in writing among Borrowers, Agent and each Lender directly affected thereby, each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0005,000,000), shall be made by providing not less than five (5) Business Days prior written notice to Agent, and shall be irrevocable, provided, that, (x) a notice of reduction of the Revolver Commitments pursuant to this Section 2.4(c) may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked or modified by Administrative Borrower (by notice to Agent on or prior to the specified date of reduction) if such condition is not satisfied (in which case, a new notice shall be required to be sent in connection with any subsequent reduction) and (y) the Administrative Borrower may extend the date of reduction at any time with the consent of Agent. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve BoardBoard of Governors.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000)250,000, shall be made by providing not less than five (5) Business Days Days’ (or such shorter period as the Agent may agree) prior written notice to Agent, and shall shall, except as provided below, be irrevocable. The Revolver Commitments, once Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board. Any notice delivered pursuant to this Section 2.4(c) in connection with a Replacement Financing or an Approved Sale may state that such notice is conditioned upon the effectiveness of the other credit facility or receipt of proceeds from the issuance of new Indebtedness comprising such Replacement Financing or the consummation of such Approved Sale, in which case such notice may be revoked (by written notice to Agent on or prior to the specified effective date of termination) if such effectiveness, receipt of proceeds or Approved Sale does not occur.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,0005,000,000), shall be made by providing not less than five ten Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve BoardBoard of Governors.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this AgreementDate. Borrowers may reduce the Revolver Commitments, Commitments (without premium or penalty, penalty unless in connection with the prepayment in full of the Obligations) to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 500,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,000500,000), shall be made by providing not less than five ten Business Days prior written notice to Agent, and shall be irrevocable; provided that Borrowers may rescind any such notice relative to a proposed payment in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination). The Once reduced the Revolver Commitments, once reduced, Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.

Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the greater sum of (A) $10,000,000 and (B) the sum of (1) the Revolver Usage as of such date, plus (2B) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (3C) the amount of all Revolving Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof 10,000,000 (unless the Revolver Commitments are being reduced to $10,000,000 zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $15,000,00010,000,000), shall be made by providing not less than five three Business Days prior written notice to Agent, and shall be irrevocable. The Revolver Commitments, once reduced, may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. In connection with any reduction in the Revolver Commitments prior to the Maturity Date, if any Loan Party or any of its Subsidiaries owns any Margin Stock, Borrowers shall deliver to Agent an updated Form U-1 (with sufficient additional originals thereof for each Lender), duly executed and delivered by the Borrowers, together with such other documentation as Agent shall reasonably request, in order to enable Agent and the Lenders to comply with any of the requirements under Regulations T, U or X of the Federal Reserve Board.