Common use of Reduction in Commitments Clause in Contracts

Reduction in Commitments. The Seller may, upon thirty days’ notice to the Agent and the Purchaser Agents, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Related Bank Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase Limit so that the Aggregate Commitment remains at least 102% of the Purchase Limit.

Reduction in Commitments. The Seller may, upon thirty days’ ' notice to the Agent and the Purchaser AgentsAgent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times equals at least as so reduced is no less than the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Related Bank Committed Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase Limit so that the Aggregate Commitment remains at least 102% of the Purchase LimitLimit and the Purchase Limit is no less than the outstanding Aggregate Investment.

Reduction in Commitments. The Seller may, upon thirty days’ ' notice to the Agent and the each Purchaser AgentsAgent, reduce the Aggregate Commitment in increments of $1,000,000, so long as the Aggregate Commitment at all times as so reduced equals at least the outstanding Matured Aggregate Investment. Each such reduction in the Aggregate Commitment shall reduce the Commitment of each Related Bank Purchaser in accordance with its Ratable Share and shall ratably reduce the Purchase Limit so that the Aggregate Commitment remains at least 102% of the Purchase LimitLimit and the Purchase Limit is not less than the outstanding Aggregate Investment.