Maximum Amount Decrease Option Sample Clauses

Maximum Amount Decrease Option. From and after September 30, 2022 but prior to the Funding Expiration Date, Seller may, on one or more occasions but not more frequently than two (2) times during any calendar year, elect to decrease the Maximum Amount (the exercise of any such decrease option, a “Decrease Option”), in each case, by giving written notice thereof to Buyer; provided, that no Decrease Option shall be effective unless each of the following conditions are satisfied both before and after giving effect to such decrease: (i) Seller shall have delivered written notice of such decrease to Buyer at least three (3) Business Days’ prior to the proposed effective date therefor, which notice shall be signed by a Responsible Officer of Seller and shall specify the requested decrease amount; (ii) any such requested decrease shall be in minimum increments of $50,000,000, and (iii) after giving effect to such decrease, the Maximum Amount will not be an amount less than the greater of (x) $150,000,000 and (y) the then-current Aggregate Amount Outstanding.