Common use of Revolver Commitments Clause in Contracts

Revolver Commitments. The US Revolver Commitments and the Canadian Revolver Commitments shall terminate on the Maturity Date. Borrowers may reduce the US Revolver Commitments to an amount not less than the sum of (A) the US Revolver Usage as of such date, plus (B) the principal amount of all US Advances not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (C) the amount of all US Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Borrowers may reduce the Canadian Revolver Commitments to an amount not less than the sum of (A) the Canadian Revolver Usage as of such date, plus (B) the principal amount of all Canadian Advances not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (C) the amount of all Canadian Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Notwithstanding anything to the contrary contained in this Section 2.4(c)(i), Borrower may not reduce the US Revolver Commitments to an aggregate amount less than $30,000,000. Each such reduction shall be in an amount which is not less than $5,000,000 unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,000,000), shall be made by providing not less than 10 Business Days prior written notice to Agent, which notice shall specify whether such reduction is in respect of the US Revolver Commitments or the Canadian Revolver Commitments and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

Revolver Commitments. The US Revolver Commitments and the Canadian Revolver Commitments shall terminate on the Maturity Date. Borrowers may reduce With the US Revolver Commitments to an amount not less than prior written consent of the sum of (A) U.S. Agent, the US Revolver Usage as of such date, plus (B) the principal amount of all US Advances not yet made as to which a request has been given by Borrowers under Section 2.3(a), plus (C) the amount of all US Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a). Borrowers Canadian Borrower may reduce the Canadian Revolver Commitments to an amount {which may be zero) not less than the sum of (A) the Canadian Revolver Usage as of such date, plus (B) the principal amount of all Canadian Advances not yet made as to which a request has been given by Borrowers Canadian Borrower under Section 2.3(a). With the prior written consent of the U.S. Agent, the U.S. Borrower may reduce the U.S. Revolver Commitments to an amount (which may be zero) not less than the sum of (A) the U.S. Revolver Usage as of such date, plus (B) the principal amount of all U.S. Advances not yet made as to which a request has been given by U.S. Borrower under Section 2.3(a), plus (C) the amount of all Canadian Letters of Credit not yet issued as to which a request has been given by Borrowers Borrower pursuant to Section 2.11(a). Notwithstanding anything to the contrary contained in this Section 2.4(c)(i), Borrower may not reduce the US Revolver Commitments to an aggregate amount less than $30,000,000. Each request for such reduction shall be in an amount which is not less than an integral multiple of (x) in the case of U.S. Revolver Commitments, $5,000,000 1,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the U.S. Revolver Commitments in effect immediately prior to such reduction are less than $5,000,00025,000,000), or (y) in the case of Canadian Revolver Commitments, C$500,000 (unless the Canadian Revolver Commitments in effect immediately prior to such reduction are less than C$10,000,000), shall be made by providing not less than 10 Business Days prior written notice of such request to Agent, which notice shall specify whether such reduction is in respect of the US Revolver Commitments or the Canadian Revolver Commitments applicable Agent and shall be irrevocable. Once reduced, the applicable Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the applicable Revolver Commitments of each each. Lender proportionately in accordance with its ratable share Pro Rata Share thereof.

Revolver Commitments. The US Revolver Commitments and the Canadian Revolver Commitments shall terminate on the Maturity Date. Canadian Borrowers may reduce the Canadian Revolver Commitments to an amount (which may be zero) not less than the sum of (A) the Canadian Revolver Usage as of such date, plus (B) the principal amount of all Canadian Revolving Loans not yet made as to which a request has been given by Canadian Borrowers under Section 2.3(a), plus (C) the amount of all Canadian Letters of Credit not yet issued as to which a request has been given by Canadian Borrowers pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $250,000 (unless the Canadian Revolver Commitments are being reduced to zero and the amount of the Canadian Revolver Commitments in effect immediately prior to such reduction are less than $250,000), shall be made by providing not less than 10 Business Days prior written notice to Canadian Agent, and shall be irrevocable. Once reduced, the Canadian Revolver Commitments may not be increased. Each such reduction of the Canadian Revolver Commitments shall reduce the Canadian Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. US Borrowers may reduce the US Revolver Commitments to an amount (which may be zero) not less than the sum of (A) the US Revolver Usage as of such date, plus (B) the principal amount of all US Advances Revolving Loans not yet made as to which a request has been given by US Borrowers under Section 2.3(a), plus (C) the amount of all US Letters of Credit not yet issued as to which a request has been given by US Borrowers pursuant to Section 2.11(a). Borrowers may reduce the Canadian Revolver Commitments to an amount not less than the sum of ) plus (AD) the Canadian Revolver Usage as of such date, plus (BE) the Dollar Equivalent of the principal amount of all Canadian Advances Revolving Loans not yet made as to which a request has been given by Canadian Borrowers under Section 2.3(a), plus (CF) the Dollar Equivalent of the amount of all Canadian Letters of Credit not yet issued as to which a request has been given by Canadian Borrowers pursuant to Section 2.11(a). Notwithstanding anything to the contrary contained in this Section 2.4(c)(i), Borrower may not reduce the US Revolver Commitments to an aggregate amount less than $30,000,000. Each such reduction shall be in an amount which is not less than $5,000,000 1,000,000 (unless the US Revolver Commitments are being reduced to zero and the amount of the US Revolver Commitments in effect immediately prior to such reduction are less than $5,000,0001,000,000), shall be made by providing not less than 10 Business Days prior written notice to US Agent, which notice shall specify whether such reduction is in respect of the US Revolver Commitments or the Canadian Revolver Commitments and shall be irrevocable. Once reduced, the US Revolver Commitments may not be increased. Each such reduction of the US Revolver Commitments shall reduce the US Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.