Sterling Allocation and Reallocation of the Commitments. Prior to any termination by the Borrower pursuant to Section 2.16 of its right to allocate a portion of the Total Committed Amount as the Sterling Allocated Total Commitment, the Borrower may by notice to the Administrative Agent allocate (or reallocate, if previously allocated) a portion of the aggregate Commitments specified therein as the Sterling Allocated Total Commitment; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 Noon five UK Business Days prior to the date such allocation or reallocation shall become effective, (ii) any such allocation or reallocation shall be in an aggregate amount of £5,000,000 or any whole multiple in excess thereof, not to exceed the Sterling Allocated Maximum Total Commitment, or shall be a reallocation to zero, (iii) the Borrower shall not allocate or reallocate any portion of the Commitments if, after giving effect thereto and to any concurrent prepayments hereunder (a) the Total Outstanding Amount would exceed the Total Committed Amount, (b) the Sterling Total Outstanding Amount would exceed the Sterling Allocated Total Commitment, (c) the sum of such Bank’s outstanding Advances plus such Bank’s Pro Rata Share of outstanding L/C Obligations would exceed such Bank’s Commitment, or (d) the sum of such UK Bank’s outstanding Sterling Advances plus such UK Bank’s Pro Rata Share of outstanding Sterling L/C Obligations would exceed such UK Bank’s Sterling Commitment, and (iv) the Borrower shall make not more than four allocations or reallocations of the Commitments in any calendar year. The Administrative Agent will promptly notify the Banks or their UK branches or Affiliates with Sterling Allocated Commitments of any such notice of allocation or reallocation of the Commitments and the amount of their respective Sterling Allocated Commitments, and shall notify all Banks of the Commitments and Sterling Allocated Total Commitment upon the effectiveness of such allocation or reallocation
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Sterling Allocation and Reallocation of the Commitments. Prior to any termination by the Borrower pursuant to Section 2.16 of its right to allocate a portion of the Total Committed Amount as the Sterling Allocated Total Commitment, the Borrower may by notice to the Administrative Agent allocate (or reallocate, if previously allocated) a portion of the aggregate Commitments specified therein as the Sterling Allocated Total Commitment; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 Noon 11:00 A.M. five UK Business Days prior to the date such allocation or reallocation shall become effective, (ii) any such allocation or reallocation shall be in an aggregate amount of £5,000,000 or any whole multiple in excess thereof, not to exceed the Sterling Allocated Maximum Total Commitment, or shall be a reallocation to zero, (iii) the Borrower shall not allocate or reallocate any portion of the Commitments if, after giving effect thereto and to any concurrent prepayments hereunder (a) the Total Outstanding Amount would exceed the Total Committed Amount, (b) the Sterling Total Outstanding Amount would exceed the Sterling Allocated Total Commitment, (c) the sum of such Bank’s outstanding Advances plus such Bank’s Pro Rata Share of outstanding L/C Obligations would exceed such Bank’s Commitment, or (d) the sum of such UK Bank’s outstanding Sterling Advances plus such UK Bank’s Pro Rata Share of outstanding Sterling L/C Obligations would exceed such UK Bank’s Sterling Commitment, and (iv) the Borrower shall make not more than four allocations or reallocations of the Commitments in any calendar year. The Administrative Agent will promptly notify the Banks or their UK branches or Affiliates with Sterling Allocated Commitments of any such notice of allocation or reallocation of the Commitments and the amount of their respective Sterling Allocated Commitments, and shall notify all Banks of the Commitments and Sterling Allocated Total Commitment upon the effectiveness of such allocation or reallocation
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Sterling Allocation and Reallocation of the Commitments. Prior to any termination by the Borrower pursuant to Section 2.16 of its right to allocate a portion of the Total Committed Amount as the Sterling Allocated Total Commitment, the Borrower may by notice to the Administrative Agent allocate (or reallocate, if previously allocated) a portion of the aggregate Commitments specified therein as the Sterling Allocated Total Commitment; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 Noon 11:00 a.m. five UK Business Days prior to the date such allocation or reallocation shall become effective, (ii) any such allocation or reallocation shall be in an aggregate amount of £5,000,000 GBP5,000,000 or any whole multiple in excess thereof, not to exceed the Sterling Allocated Maximum Total Commitment, or shall be a reallocation to zero, (iii) the Borrower shall not allocate or reallocate any portion of the Commitments if, after giving effect thereto and to any concurrent prepayments hereunder (a) the Total Outstanding Amount would exceed the Total Committed Amount, (b) the Sterling Total Outstanding Amount would exceed the Sterling Allocated Total Commitment, (c) the sum of such Bank’s 's outstanding Advances plus such Bank’s 's Pro Rata Share of outstanding L/C Obligations would exceed such Bank’s 's Commitment, or (d) the sum of such UK Bank’s 's outstanding Sterling Advances plus such UK Bank’s 's Pro Rata Share of outstanding Sterling L/C Obligations would exceed such UK Bank’s 's Sterling Commitment, and (iv) the Borrower shall make not more than four allocations or reallocations of the Commitments in any calendar year. The Administrative Agent will promptly notify the Banks or their UK branches or Affiliates with Sterling Allocated Commitments of any such notice of allocation or reallocation of the Commitments and the amount of their respective Sterling Allocated Commitments, and shall notify all Banks of the Commitments and Sterling Allocated Total Commitment upon the effectiveness of such allocation or reallocation
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Sterling Allocation and Reallocation of the Commitments. Prior to any termination by the Borrower pursuant to Section 2.16 of its right to allocate a portion of the Total Committed Amount as the Sterling Allocated Total Commitment, the Borrower may by notice to the Administrative Agent allocate (or reallocate, if previously allocated) a portion of the aggregate Commitments specified therein as the Sterling Allocated Total Commitment; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 Noon 11:00 a.m. five UK Business Days prior to the date such allocation or reallocation shall become effective, (ii) any such allocation or reallocation shall be in an aggregate amount of £5,000,000 or any whole multiple in excess thereof, not to exceed the Sterling Allocated Maximum Total Commitment, or shall be a reallocation to zero, (iii) the Borrower shall not allocate or reallocate any portion of the Commitments if, after giving effect thereto and to any concurrent prepayments hereunder (a) the Total Outstanding Amount would exceed the Total Committed Amount, (b) the Sterling Total Outstanding Amount would exceed the Sterling Allocated Total Commitment, (c) the sum of such Bank’s outstanding Advances plus such Bank’s Pro Rata Share of outstanding L/C Obligations would exceed such Bank’s Commitment, or (d) the sum of such UK Bank’s outstanding Sterling Advances plus such UK Bank’s Pro Rata Share of outstanding Sterling L/C Obligations would exceed such UK Bank’s Sterling Commitment, and (iv) the Borrower shall make not more than four allocations or reallocations of the Commitments in any calendar year. The Administrative Agent will promptly notify the Banks or their UK branches or Affiliates with Sterling Allocated Commitments of any such notice of allocation or reallocation of the Commitments and the amount of their respective Sterling Allocated Commitments, and shall notify all Banks of the Commitments and Sterling Allocated Total Commitment upon the effectiveness of such allocation or reallocation
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