Common use of Scheduled reductions of Commitments to a Tranche Clause in Contracts

Scheduled reductions of Commitments to a Tranche. 4.2.1 Subject to the second paragraph of this Clause 4.2.1, on each of the Reduction Dates the relevant Maximum Tranche Amount as at the date of the Third Supplemental Deed shall be reduced by the relevant amount set out in the fifth column (Revised Reductions) of the relevant table in Schedule 8, as such Revised Reductions are reduced to reflect any relevant prepayments. If the Borrower exercises the currency option contained in Clause 3 after the first Reduction Date in respect of a Tranche the amounts of the reductions to be made in Dollars on the Reduction Dates in respect of that Tranche falling after the first Currency Conversion Date in respect of that Tranche shall be calculated on the first of such Reduction Dates by dividing the relevant Maximum Tranche Amount as at the relevant Reduction Date by the number of one thirtieths (1/30ths) of the Tranche which have not been reduced prior to that Reduction Date. A reduction schedule setting out the amounts of the reductions to be made in Dollars on the Reduction Dates remaining after the first Currency Conversion Date in respect of that Tranche shall be agreed between the Agent and the Borrower on the first Currency Conversion Date in respect of that Tranche and shall from such date be deemed to be a part of this Agreement. Any reduction to be made on a Reduction Date in respect of a Tranche falling on or prior to the first Currency Conversion Date in respect of that Tranche shall be made in euro. The Borrower shall pay to the Agent in euro or in Dollars (as the case may be) all accrued interest on the reduction amount to that Reduction Date. Amounts repaid by the Borrower pursuant to this Clause 4.2.1 shall not be available for reborrowing. 4.2.2 Without prejudice to any other provision of this Agreement, the Commitments to a Tranche shall be reduced to zero on the relevant Final Maturity Date.

Scheduled reductions of Commitments to a Tranche. 4.2.1 Subject to the second paragraph of this Clause 4.2.1, on each of the first twenty three (23) Reduction Dates in respect of a Tranche the relevant Maximum Tranche Amount as at the date of the Third Supplemental Deed relevant Delivery Date shall be reduced in euro by one thirtieth (1/30th) and on the Final Maturity Date the relevant amount set out in the fifth column (Revised Reductions) of Maximum Tranche Amount as at the relevant table Delivery Date shall be reduced in Schedule 8, as such Revised Reductions are reduced to reflect any relevant prepaymentseuro by seven thirtieths (7/30ths). If the Borrower exercises the currency option contained in Clause 3 after the first Reduction Date in respect of a Tranche the amounts of the reductions to be made in Dollars on the Reduction Dates in respect of that Tranche falling after the first Currency Conversion Date in respect of that Tranche shall be calculated on the first of such Reduction Dates by dividing the relevant Maximum Tranche Amount as at the relevant Reduction Date by the number of one thirtieths (1/30ths) of the Tranche which have not been reduced prior to that Reduction Date. A reduction schedule setting out the amounts of the reductions to be made in Dollars on the Reduction Dates remaining after the first Currency Conversion Date in respect of that Tranche shall be agreed between the Agent and the Borrower on the first Currency Conversion Date in respect of that Tranche and shall from such date be deemed to be a part of this Agreement. Any reduction to be made on a Reduction Date in respect of a Tranche falling on or prior to the first Currency Conversion Date in respect of that Tranche shall be made in euro. The Borrower shall pay to the Agent in euro or in Dollars (as the case may be) all accrued interest on the reduction amount to that Reduction Date. Amounts repaid by the Borrower pursuant to this Clause 4.2.1 shall not be available for reborrowing. 4.2.2 Without prejudice to any other provision of this Agreement, the Commitments to a Tranche shall be reduced to zero on the relevant Final Maturity Date.