Common use of Termination and Reduction of Revolving Facility Commitments Clause in Contracts

Termination and Reduction of Revolving Facility Commitments. (a) Unless previously terminated, the Revolving Facility Commitments, if any, of any Class shall terminate on the Revolving Facility Maturity Date with respect to such Class. (b) The Borrower may at any time terminate, or from time to time reduce, the Revolving Facility Commitments, if any, of any Class; provided, that (i) each such reduction of the Revolving Facility Commitments of any Class shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000 (or, if less, the remaining amount of such Class of Revolving Facility Commitments) and (ii) the Borrower shall not terminate or reduce the Revolving Facility Commitments of any Class if, after giving effect to any concurrent prepayment of the Revolving Facility Loans in accordance with Section 2.11 under such Revolving Facility, the Revolving Facility Credit Exposure of such Class (excluding any Cash Collateralized Letter of Credit) would exceed the total Revolving Facility Commitments of such Class. (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Facility Commitments of any Class under clause (b) of this Section at least three Business Days prior to the effective date of such termination or reduction (or such shorter period acceptable to the Administrative Agent), specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided, that a notice of termination or reduction of the Revolving Facility Commitments of any Class delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the applicable Lenders in accordance with their respective Commitments of such Class.

Termination and Reduction of Revolving Facility Commitments. (a) Unless previously terminated, the Revolving Facility Commitments, if any, of any Class Commitments shall terminate on the Revolving Facility Maturity Date with respect to such ClassDate. (b) The Borrower Borrowers may at any time terminate, or from time to time permanently reduce, the Revolving Facility Commitments and/or the Incremental the Revolving Facility Commitments, if any, of any Class; provided, provided that (i) each such reduction of the Revolving Facility Commitments of any Class and/or the Incremental Revolving Facility Commitments shall be in an amount that is an integral multiple of $500,000 5,000,000 and not less than $1,000,000 10,000,000 (or, if less, the remaining amount of such Class of the Revolving Facility Commitments and/or the Incremental Revolving Facility Commitments) and and), (ii) the Borrower Borrowers shall not terminate or reduce the Revolving Facility Commitments of any Class and/or the Incremental Revolving Facility Commitments if, after giving effect to any concurrent prepayment of the Revolving Facility Loans in accordance with Section 2.11 under such Revolving Facility2.11, the Revolving Facility Credit Exposure of such Class (excluding any Cash Collateralized Letter of Credit) would exceed the total Revolving Facility Commitments of such ClassMaximum CreditRevolving Loan Limit, and (iii) it is after the Final Term Loan Funding Date and no Term Loans are outstanding. (c) The Borrower Borrowers shall notify the Administrative Agent of any election to terminate or permanently reduce the Revolving Facility Commitments of any Class and/or the Incremental Revolving Facility Commitments under clause paragraph (b) of this Section 2.08 at least three Business Days prior to the effective date of such termination or reduction (or such shorter period acceptable to the Administrative Agent)reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the Borrower Borrowers pursuant to this Section shall be irrevocable; providedprovided that, that notwithstanding the foregoing, a notice of termination or reduction of the Revolving Facility Commitments of any Class and/or the Incremental Revolving Facility Commitments delivered by the Borrower Borrowers may state that such notice is conditioned upon the happening or non-happening of one or more events, including, without limitation, the effectiveness of other credit facilities, indentures receivables financing facilities or similar agreements or other transactionsthe consummation of a Change in Control, in which case such notice may be revoked by the Borrower Borrowers (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the applicable Lenders in accordance with their respective Commitments of such ClassCommitments.

Termination and Reduction of Revolving Facility Commitments. (a) Unless previously terminated, the Revolving Facility Commitments, if any, of any Class Commitments shall terminate on the Revolving Facility Maturity Date with respect to such ClassDate. (b) The Borrower Borrowers may at any time terminate, terminate or from time to time reduce, permanently reduce the Revolving Facility Commitments, if any, of any Class; provided, provided that (i) each such reduction of the Revolving Facility Commitments of any Class shall be in an amount that is an integral multiple of $500,000 5,000,000 and not less than $1,000,000 10,000,000 (or, if less, the remaining amount of such Class of the Revolving Facility Commitments) and ), (ii) the Borrower Borrowers shall not terminate or reduce the Revolving Facility Commitments of any Class if, after giving effect to any concurrent prepayment of the Revolving Facility Loans in accordance with Section 2.11 under such Revolving Facility2.11, the Revolving Facility Credit Exposure of such Class (excluding any Cash Collateralized Letter of Credit) would exceed the total Revolving Facility Commitments of such ClassLoan Limit, and (iii) it is after the Final Term Loan Funding Date and no Term Loans are outstanding. (c) The Borrower Borrowers shall notify the Administrative Agent of any election to terminate or permanently reduce the Revolving Facility Commitments of any Class under clause paragraph (b) of this Section 2.08 at least three Business Days prior to the effective date of such termination or reduction (or such shorter period acceptable to the Administrative Agent)reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the Borrower Borrowers pursuant to this Section shall be irrevocable; providedprovided that, that notwithstanding the foregoing, a notice of termination or reduction of the Revolving Facility Commitments of any Class delivered by the Borrower Borrowers may state that such notice is conditioned upon the happening or non-happening of one or more events, including, without limitation, the effectiveness of other credit facilities, indentures receivables financing facilities or similar agreements or other transactionsthe consummation of a Change in Control, in which case such notice may be revoked by the Borrower Borrowers (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the applicable Lenders in accordance with their respective Commitments of such Class.Commitments. 85