Common use of Reductions in Aggregate Commitment Clause in Contracts

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment and/or the Letter of Credit Sublimit in whole, or in part ratably (except as provided in Section 2.19) among the Lenders in integral multiples of $10,000,000, upon at least three (3) Business Days’ prior written notice to the Administrative Agent of such reduction, which notice shall specify the amount of any such reduction; provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure and (ii) the Borrower shall not terminate or reduce the Letter of Credit Sublimit if after giving effect thereto the outstanding amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit. If after giving effect to any reduction or termination of Commitments under this Section, the Letter of Credit Sublimit exceeds the Aggregate Commitment at such time, the Letter of Credit Sublimit shall be automatically reduced by the amount of such excess. All accrued Facility Fees and Letter of Credit Fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Revolving Loans and participate in L/C Obligations and of the L/C Issuers to issue Letters of Credit hereunder.

Reductions in Aggregate Commitment. The Borrower WBA may permanently reduce the Aggregate Commitment and/or the Letter of Credit Sublimit in whole, or in part ratably (except as provided in Section 2.192.18) among the Lenders Lenders, in integral multiples of $10,000,000, upon at least three (3) Business Days’ prior written notice to by giving the Administrative Agent notice of such reductionreduction not later than 11:00 a.m. (New York time) on any Business Day, which notice shall specify the amount of any such reduction; provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure and (ii) the Borrower WBA shall not terminate or reduce the Letter of Credit Sublimit if after giving effect thereto the Dollar Equivalent of the outstanding amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit. If after giving effect to any reduction or termination of Commitments under this Section, the Letter of Credit Sublimit exceeds the Aggregate Commitment at such time, the Letter of Credit Sublimit shall be automatically reduced by the amount of such excess. All accrued Facility Commitment Fees and Letter of Credit Fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Revolving Loans and participate in L/C Obligations and of the applicable L/C Issuers to issue Letters of Credit hereunder.

Reductions in Aggregate Commitment. The Borrower Parent may permanently reduce the Aggregate Commitment and/or the Letter of Credit Sublimit in whole, or in part ratably (except as provided in Section 2.19) among the Lenders Lenders, in integral multiples of $10,000,000, upon at least three (3) Business Days’ prior written notice to by giving the Administrative Agent notice of such reductionreduction not later than 11:00 a.m. (New York time) on any Business Day, which notice shall specify the amount of any such reduction; provided, however, that (i) the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure and (ii) the Borrower Parent shall not terminate or reduce the Letter of Credit Sublimit if after giving effect thereto the Dollar Equivalent of the outstanding amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit. If after giving effect to any reduction or termination of Commitments under this Section, the Letter of Credit Sublimit exceeds the Aggregate Commitment at such time, the Letter of Credit Sublimit shall be automatically reduced by the amount of such excess. All accrued Facility Commitment Fees and Letter of Credit Fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Revolving Loans and participate in L/C Obligations and of the applicable L/C Issuers to issue Letters of Credit hereunder.

Reductions in Aggregate Commitment. The Borrower Parent may permanently reduce the Aggregate Commitment and/or the Letter of Credit Sublimit in whole, or in part ratably (except as provided in Section 2.19) among the Lenders in integral multiples of $10,000,00010,000,000 (or the Approximate Equivalent Amount if denominated in an Agreed Currency other than Dollars), upon at least three (3) Business Days’ prior written notice to the Administrative Agent of such reductionAgent, which notice shall specify the amount of any such reduction; provided, however, provided that (i) the amount of the Aggregate Commitment may not be reduced below the Dollar Amount of the Aggregate Outstanding Credit Exposure and (ii) the Borrower shall not terminate or reduce the Letter of Credit Sublimit if after giving effect thereto the outstanding amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit. If after giving effect to any reduction or termination of Commitments under this Section, the Letter of Credit Sublimit exceeds the Aggregate Commitment at such time, the Letter of Credit Sublimit shall be automatically reduced by unless the amount of such excessthe excess of the Dollar Amount of the Aggregate Outstanding Credit Exposure over the amount of the reduced Aggregate Commitment is repaid concurrently with the reduction of the Aggregate Commitment. All accrued Facility Fees and Letter of Credit Commitment Fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Revolving Loans and participate in L/C Obligations and Credit Extensions hereunder. If, after giving effect to any reduction of the L/C Issuers to issue Letters Aggregate Commitments, the sum of Credit hereunderthe aggregate LC Commitments or Swing Line Commitments exceeds the amount of the Aggregate Commitments, such LC Commitments or Swing Line Commitments, as the case may be, shall be automatically ratably reduced by the amount of such excess.