Common use of COMMITMENT REDUCTION DATES Clause in Contracts

COMMITMENT REDUCTION DATES. (i) The aggregate outstanding principal balance under the Commitment on the Final Maturity Date shall be due and payable on the Final Maturity Date. (ii) On June 30, 2000 and on the last Business Day of each March, June, September and December thereafter until September 30, 2005 (each, a "Commitment Reduction Date"), the Commitment shall be reduced by an amount equal to the outstanding principal balance on June 30, 2000 multiplied by the percentages set forth below. QUARTERLY COMMITMENT QUARTERLY COMMITMENT REDUCTION DATE REDUCTION -------------------- -------------------- 06/30/00 - 03/31/01 3.75% 06/30/01 - 03/31/02 4.25% 06/30/02 - 03/31/03 4.50% 06/30/03 - 03/31/04 4.75% 06/30/04 - 03/31/05 5.25% -24- 06/30/05 - 09/30/05 5.00%

COMMITMENT REDUCTION DATES. (i) The aggregate outstanding principal balance under the Commitment on the Final Maturity Date shall be due and payable on the Final Maturity Date. (ii) On June 30, 2000 2000, and on the last Business Day of each March, June, September September, and December thereafter until September June 30, 2005 2006 (each, a "Commitment Reduction DateCOMMITMENT REDUCTION DATE"), the Commitment shall be reduced by an amount equal to the outstanding principal balance Commitment as in effect on June 30, 2000 2000, multiplied by the percentages percentage set forth below. below corresponding to the respective Commitment Reduction Date: FOR THE PERIOD ENDING QUARTERLY COMMITMENT QUARTERLY COMMITMENT REDUCTION ON THE FOLLOWING DATE REDUCTION -------------------- -------------------- 06/30/00 --------------------- --------- 6/30/00 - 03/31/01 3.7512/31/2000 3.333% 06/30/01 - 03/31/02 4.2512/31/2001 3.750% 06/30/02 - 03/31/03 4.5012/31/2002 3.750% 06/30/03 - 03/31/04 4.7512/31/2003 4.375% 06/30/04 - 03/31/05 5.2512/31/2004 4.375% -24- 06/30/05 - 09/30/05 5.0012/31/2005 3.750% 6/30/2006 5.000%