Reduction of Aggregate Commitment Sample Clauses

Reduction of Aggregate Commitment. Pursuant to Section 2.5.2 of the Credit Agreement, the Aggregate Commitment is hereby reduced from $550,000,000 to $200,000,000, allocated to each Lender’s Commitment ratably. The amounts of the reduced Commitments of the Lenders are set forth in Schedule I hereto. The text of Section 2.5.2 is numbered “(i)” and immediately thereafter, a new subsection (ii) is inserted to read as follows:

Reduction of Aggregate Commitment. The Company may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $10,000,000, upon at least five Business Days’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure.

Reduction of Aggregate Commitment. Provided (a) no draw request is pending that would result in the outstanding principal balance of the Loan exceeding the Aggregate Commitment, and (b) that immediately after such reduction the outstanding principal balance of the Loan is less than or equal to the Aggregate Commitment, (which for the purposes of this Section shall include any amounts requested under a pending draw request), Borrower may (in its sole and absolute discretion) permanently reduce the available Aggregate Commitment of the Loan (without the payment of any prepayment fee, other than break funding, including any sums owing under Section 2.13 hereof, and any charges relating to early termination of any Swap Contracts), by giving Administrative Agent irrevocable notice of such reduction at least two (2) Business Days prior to the indicated effective date of the reduction. Each such reduction shall (a) be in a minimum amount of $1,000,000 (and in increments of $500,000 thereafter), (b) in no event reduce the Aggregate Commitment below the amount of the outstanding principal balance of the Loan, and (c) permanently reduce the maximum Aggregate Commitment of the Loan available to Borrower.

Reduction of Aggregate Commitment. At the request of the Borrower, the amount of the Total Revolving Credit Commitment is hereby reduced to $1,650,000,000 and such reduction shall be allocated to each Lender’s Revolving Credit Commitment ratably in accordance with its Commitment Ratio. The Borrower represents, warrants and certifies that this reduction in the Total Revolving Credit Commitment is in accordance with Section 2.14 of the Credit Agreement.

Reduction of Aggregate Commitment. Each of the parties hereto hereby agrees that, as of the Effective Date, (a) the Aggregate Commitment shall be permanently reduced to $75,000,000, and (b) the Commitment of each Lender shall be correspondingly permanently reduced in accordance with such Lender’s Pro Rata Share.

Reduction of Aggregate Commitment. Upon the satisfaction of the conditions precedent set forth in Section 3 hereof, the Aggregate Commitment shall, pursuant to notice given by the Borrower to the Administrative Agent pursuant to Section 2.5 of the Credit Agreement, which notice is hereby acknowledged by the Administrative Agent, be permanently reduced to $300,000,000. By their execution of this Amendment, the Required Lenders waive the requirement set forth in Section 2.5 of the Credit Agreement that such notice be given five Business Days prior to the effective date of such reduction in the Aggregate Commitment. As a result of the ratable application of such reduction to each Lender, the Administrative Agent hereby notifies each Lender that its new Commitment is as set forth below: LENDER AMOUNT OF COMMITMENT BEFORE REDUCTION AMOUNT OF COMMITMENT AFTER REDUCTION Bank One, NA $ 52,500,000 $ 39,375,000 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Financing, Inc. $ 52,500,000 $ 39,375,000 KeyBank National Association $ 50,000,000 $ 37,500,000 Royal Bank of Canada $ 50,000,000 $ 37,500,000 Sumitomo Mitsui Banking Corporation $ 50,000,000 $ 37,500,000 Citicorp USA, Inc. $ 40,000,000 $ 30,000,000 U.S. Bank National Association $ 30,000,000 $ 22,500,000 ▇▇▇▇▇▇ Brothers Bank, FSB $ 25,000,000 $ 18,750,000 UFJ Bank Limited, New York Branch $ 25,000,000 $ 18,750,000 Union Bank of California $ 15,000,000 $ 11,250,000 Mizuho Corporate Bank, Ltd. $ 10,000,000 $ 7,500,000

Reduction of Aggregate Commitment. Section 1.1 of the Credit Agreement is hereby amended by deleting the reference to "Twenty-five Million Dollars ($25,000,000)" from the definition of "Aggregate Commitment" and inserting in lieu thereof "Ten Million Dollars ($10,000,000)."

Reduction of Aggregate Commitment. During the Availability Period, Borrower may, by written facsimile notice to the Administrative Agent on or before 10:00 A.M. (Central time) on any Banking Day, irrevocably reduce the Aggregate Commitment; provided that (a) such reduction must be in multiples of $1,000,000.00, and (b) Borrower must simultaneously make any principal payment necessary (along with any applicable Funding Losses on account of such principal payment) so that the principal amount outstanding under the Term Loan does not exceed the reduced Aggregate Commitment on the date of such reduction. In the event the Aggregate Commitment is reduced as provided in the preceding sentence, then the Individual Commitment of each Syndication Party shall be reduced in the same proportion as the Individual Commitment of such Syndication Party bears to the Aggregate Commitment before such reduction.

Reduction of Aggregate Commitment. The Borrower shall have the right, upon at least three (3) Banking Days' notice to the Agent, to reduce in increments of not less than $5,000,000.00 the unused portion of the Aggregate Commitment, provided that no reduction shall be permitted if, after giving effect thereto, and to any prepayment made therewith, the outstanding and unpaid principal amount of the Loans shall exceed the Aggregate Commitment. Any reduction in part of the unused portion of the Aggregate Commitment shall be made in the proportion that each Bank's Commitment bears to the total amount of the Aggregate Commitment. The Aggregate Commitment, once reduced or terminated, may not be reinstated.