Commitment Reduction Percentage
Commitment Reduction Percentage. (a) On or prior to October 21, 2012, a rate per annum equal to 3.0%, (b) after October 21, 2012 and on or prior to October 21, 2013, a rate per annum equal to 2.0%, (c) after October 21, 2013 and on or prior to August 28, 2014, a rate per annum equal to 1.0% and (d) after August 28, 2014, zero.
Commitment Reduction Percentage. (a) On or prior to October 27, 2012, a rate per annum equal to 3.0%, (b) after October 27, 2012 and on or prior to October 27, 2013, a rate per annum equal to 2.0%, (c) after October 27, 2013 and on or prior to October 27, 2014, a rate per annum equal to 1.0% and (d) after October 27, 2014, zero.
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