Common use of Commitment Termination or Reduction Clause in Contracts

Commitment Termination or Reduction. (i) subject to the last sentence of this Section 2.04(b), TCG shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the Commitments; provided that (x) each partial reduction shall be in a minimum aggregate amount of $5,000,000 (and in minimum multiples of $1,000,000 in excess thereof) and (y) after giving effect to such termination or reduction, (A) the Total Credit Exposure does not exceed the Aggregate Facility Amount, (B) the total 2024 Tranche Revolving Credit Exposures does not exceed the aggregate 2024 Tranche Commitments, (C) the total 2027 Tranche Revolving Credit Exposures does not exceed the aggregate 2027 Tranche Commitments and (D) the L/C Exposure does not exceed the Letter of Credit Facility Amount. Once terminated or reduced, the Commitments may not be reinstated; and

Commitment Termination or Reduction. (i) subject to the last sentence of this Section 2.04(b), TCG shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the Commitments; provided that (x) each partial reduction shall be in a minimum aggregate amount of $5,000,000 (and in minimum multiples of $1,000,000 in excess thereof) and (y) after giving effect to such termination or reduction, (A) the Total Credit Exposure does not exceed the Aggregate Facility Amount, (B) the total 2024 2026 Tranche Revolving Credit Exposures does not exceed the aggregate 2024 2026 Tranche Commitments, (C) the total 2027 Tranche Revolving Credit Exposures does not exceed the aggregate 2027 Tranche Commitments and (D) the L/C Exposure does not exceed the Letter of Credit Facility Amount. Once terminated or reduced, the Commitments may not be reinstated; and

Commitment Termination or Reduction. (i) subject to the last sentence of this Section 2.04(b), TCG shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the Commitments; provided that (x) each partial reduction shall be in a minimum aggregate amount of $5,000,000 (and in minimum multiples of $1,000,000 in excess thereof) and (y) after giving effect to such termination or reduction, (A) the Total Credit Exposure does not exceed the Aggregate Facility Amount, (B) the total 2024 2025 Tranche Revolving Credit Exposures does not exceed the aggregate 2024 2025 Tranche Commitments, (C) the total 2027 Tranche Revolving Credit Exposures does not exceed the aggregate 2027 Tranche Commitments and (D) the L/C Exposure does not exceed the Letter of Credit Facility Amount. Once terminated or reduced, the Commitments may not be reinstated; and