Certain Rig Sales. If (A) the Company or any Restricted Subsidiary has received any Net Cash Proceeds from an Asset Sale of (w) any Effective Date Collateral Rig, (x) any Rig acquired by the Company or any Restricted Subsidiary after the Effective Date in reliance on clause (c) of the definition of “Permitted Acquisition”, (y) the Equity Interests of any Restricted Subsidiary or Local Content Entity who directly or indirectly owns any Rig referred to in clause (w) or (x) above, or (z) any Rig acquired by the Company or any Restricted Subsidiary after the Effective Date with Net Cash Proceeds of an Asset Sale of any Rig or Equity Interests referred to in clause (w), (x) or (y) above or an Event of Loss with respect to any Rig referred to in clause (w) or (x) above, and (B) a prepayment is required to be made under Section 2.10(c) in respect of all or a portion of such Net Cash Proceeds (for the avoidance of doubt, after giving effect to the reinvestment rights set forth in Section 2.10(c)), then the Commitments then in effect shall be reduced by an amount equal to the product of 1.00 multiplied by the amount of such required prepayment (or, if less, by the total amount of Commitments then in effect). Any reduction of the Commitments pursuant to this Section 2.13(b)(iv) shall be allocated ratably among the Lenders in proportion to their respective Percentages. The Administrative Agent shall give prompt notice to each Lender of any such reduction of the Commitments. Any termination of Commitments pursuant to this Section 2.13(b)(iv) is permanent and may not be reinstated.