Any cancellation under this clause 7.2 (Voluntary Cancellation) shall reduce the Commitments of the ITM Lenders rateably.
The Upfront Fee shall be payable to the ITMFacility Agent (for the account of the ITM Lenders) as follows:(a) 50% by no later than the date falling 10 Business Days from the date of this Amendment and Restatement Agreement No. 2; and(b) 50% by no later than 30 September 2011.
No. 2 is dated 2 September 2011 and made in London BETWEEN: (1) ITALTRACTOR I.T.M. S.p.A. as Borrower; (2) TITAN EUROPE pic and ITALTRACTOR OPERATIONS S.p.A. as ITM Guarantors; (3) INTESA SANPAOLO S.p.A. as Arranger; (4) INTESA SANPAOLO S.p.A. as ITM Facility Agent; (5) INTESA SANPAOLO S.p.A. as lntercreditor Agent; and (6) THE FINANCIAL INSTITUTIONS listed in schedule 1 (The ITM Lenders), as ITM Lenders.