FairPoint Communications 2004 Annual Report Download - page 231

(c) The Total Delayed-Draw B Term Commitment (and the Delayed-Draw B Term Commitment of each Lender with such a
Commitment) shall terminate in its entirety (to the extent not theretofore terminated) on the Delayed-Draw B Term Commitment Termination Date (after giving
effect to any incurrence of Delayed-Draw B Term Loans on such date).
(d) The Total Delayed-Draw B Term Commitment shall (i) be reduced on each date on which Delayed-Draw B Term Loans are
incurred (after giving effect to the making of Delayed-Draw B Term Loans on such date) in an amount equal to the aggregate principal amount of the Delayed-
Draw B Term Loans incurred on such date and (ii) prior to the termination of the Total Delayed-Draw B Term Commitment as provided in Section 2.03(c) and
preceding clause (i), be reduced on each date on which both (x) no B Term Loans are outstanding (after giving effect to the application on or prior to such date
of the provisions of Sections 3.02(A)) and (y) B Term Loans, had there been any still outstanding, would have been required to be repaid pursuant to Sections
3.02(A)(b), (c), (d) or (e), by the amount, if any, by which the amount required to be applied pursuant to said Sections as a result of the events described
therein (determined as if an unlimited amount of B Term Loans were actually outstanding) exceeds the aggregate principal amount of B Term Loans being
repaid as a result of such events.
(e) The Total Incremental B Term Commitment (and the Incremental B Term Commitment of each Incremental B Term Lender with
such a Commitment) pursuant to an Incremental B Term Commitment Agreement shall terminate in its entirety on the related Incremental B Term Loan
Borrowing Date therefor (after giving effect to the making of Incremental B Term Loans on such date).
(f) The Total Revolving Commitment (to the extent outstanding) shall be reduced on each date on which both (x) no B Term Loans
are outstanding (after giving effect to the application on or prior to such date of the provisions of Sections 3.02(A)) and the Total Delayed-Draw B Term
Commitment has terminated (after giving effect to the application on or prior to such date of the provisions of Sections 2.03(c) and (d)) and (y) B Term Loans,
had there been any still outstanding, would have been required to be repaid pursuant to Sections 3.02(A)(b), (c), (d) or (e), by the amount, if any, by which
the amount required to be applied pursuant to said Sections as a result of the events described therein (determined as if an unlimited amount of B Term Loans
were actually outstanding) exceeds the sum of the Delayed-Draw B Term Commitments being terminated and the aggregate principal amount of B Term Loans
being repaid, in either case as a result of such events; provided, however, that in no event shall the Total Revolving Commitment be reduced below
$50,000,000 as a result of the application of this Section 2.03(f).
(g) The Total Revolving Commitment shall terminate in its entirety on the earlier of (x) the RF Maturity Date and (y) the date on
which a Change of Control occurs.
(h) Each partial reduction of the Commitments under a Facility pursuant to this Section 2.03 shall apply proportionately to reduce
the Commitment of each Lender under such Facility.
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