Revolving Commitment Reductions Clause Samples

Revolving Commitment Reductions. Borrowers may at any time on at least 10 days’ prior written notice by Borrower Representative to Agent terminate the Aggregate Revolving Commitment; provided, that upon such termination, all Obligations shall be immediately due and payable in full and all Letter of Credit Obligations shall be cash collateralized or otherwise satisfied in accordance herewith. Such termination of the Aggregate Revolving Commitment shall be without premium or penalty except as provided in Section 1.15(d) and Section 11.04.

Revolving Commitment Reductions. In connection with any reductions of Revolving Commitments made pursuant to Section 1.10, Section 2.01(c) and Section 10.02(a), the Borrowers shall pay to the Revolving Agent a prepayment premium (the "Commitment Reduction Fee") for the benefit of the Revolving Lenders in an amount equal to the reduction of the Total Revolving Commitment multiplied by the percentage set forth below: B. Amendment to Section 6.01. Section 6.01(a)(iii) is hereby amended to read in full as follows: "[intentionally omitted]"

Revolving Commitment Reductions. As a condition precedent to any Transfer of any Capital Stock in any Restricted Subsidiary as provided in Section 6.18(c) (or deemed Transfer or required availability reduction in accordance with Sections 2.22(b) and 2.22(c)), the Revolving Commitments or availability thereunder, as applicable, shall be automatically reduced as follows (whether such reduction occurs before or after the effectiveness of any Additional Revolving Commitment and whether or not such reduction is permanent) (each, a “Reduction Amount”): (i) in the case of a Transfer of a Controlling Interest in (or availability reduction in respect thereof) any Large Restricted Operating Company Subsidiary, an immediate and automatic reduction by thirty five million Dollars ($35,000,000); (ii) in the case of a Transfer of a Controlling Interest in (or availability reduction in respect thereof) any Medium Restricted Operating Company Subsidiary, an immediate and automatic reduction by thirty five million Dollars ($35,000,000); (iii) in the case of a Transfer of a Controlling Interest in (or availability reduction in respect thereof) any Small Restricted Operating Company Subsidiary, an immediate and automatic reduction by twenty five million Dollars ($25,000,000); and (iv) in the case of the Transfer of a Non-Controlling Interest in any Restricted Subsidiary, other than a Transfer in respect of Gulf Wind Holdings in accordance with Section 6.18(c)(iv), an immediate and automatic reduction in an amount equal to the product of (A) the percentage of the total interest so Transferred and (B) the applicable Reduction Amount set forth in clauses (i) through (iv) above depending upon whether the applicable Restricted Subsidiary subject to such Transfer or availability reduction is a Large Restricted Operating Company Subsidiary, Medium Restricted Operating Company Subsidiary or Small Restricted Operating Company Subsidiary.

Revolving Commitment Reductions. (a) On each day on which the Aggregate Revolving Loan Commitment is reduced for any reason, Group shall prepay or shall cause the other Borrowers to prepay, the Revolving Loans and/or the Swing Line Loans to the extent, if any, that the sum of the outstanding principal amount of (i) the Revolving Loans plus (ii) the Swing Line Loans exceeds such reduced Aggregate Revolving Loan Commitment minus the Facility Letter of Credit Obligations at such time. (b) Group shall prepay or shall cause the other Borrowers to prepay the Revolving Loans and/or the Swing Line Loans as required pursuant to Section 2.2(b). In addition, to the extent, at any time and for any reason, the Aggregate Revolving Loan Commitment minus the sum of the outstanding aggregate principal amount of (i) the Revolving Loans plus (ii) the Swing Line Loans is less than the Facility Letter of Credit Obligations at such time, Group shall or shall cause the other Borrowers to cash collateralize the Facility Letter of Credit Obligations in such amount as may be necessary to eliminate such excess. Such cash collateralization shall be provided to the Agent, for the benefit of the Lenders, pursuant to documentation in form and substance acceptable to the Agent.

Revolving Commitment Reductions. All fees accrued pursuant to Section 2.07 until the effective date of any termination or reduction of the Revolving Commitment shall be paid on the effective date of such termination or reduction.

Revolving Commitment Reductions. In connection with any reductions of Revolving Commitments made pursuant to Section 1.10, Section 2.01(c) and Section 10.02(a), the Borrowers shall pay to the Revolving Agent a prepayment premium (the “Commitment Reduction Fee”) for the benefit of the Revolving Lenders in an amount equal to the aggregate principal amount to be repaid multiplied by the percentage set forth below: On or prior to September 28, 2007 1.0 % After September 28, 2007 0 %

Revolving Commitment Reductions