Supercuts 2008 Annual Report Download - page 206

effect from the last day of the Interest Period with respect to any such Offshore Currency Loans. The Administrative Agent will promptly notify
the Company of any such redenomination and conversion request.
2.07 Voluntary Termination or Reduction of Revolving Loan Commitments. (a) The Company may, upon not less than five Business
Days' prior notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments by an aggregate minimum
amount of $5,000,000 or any multiple of $1,000,000 in excess thereof; unless , after giving effect thereto and to any prepayments of Loans made
on the effective date thereof, (a) the then outstanding Dollar Equivalent Effective Amount of all Revolving Loans, Swing Line Loans and L/C
Obligations together would exceed the amount of the Aggregate Commitment then in effect, (b) the Effective Amount of all L/C Obligations
then outstanding would exceed the L/C Commitment or (c) the sum of the Effective Amount of all outstanding Offshore Currency Loans and the
Effective Amount of all outstanding Swing Line Loans would exceed the Offshore Currency Loan Sublimit. Once reduced in accordance with
this Section, the Commitments may not be increased. Any reduction of the Commitments shall be applied to each Lender according to its Pro
Rata Share. If and to the extent specified by the Company in the notice to the Administrative Agent, some or all of the reduction in the
Aggregate Commitment shall be applied to reduce the L/C Commitment and/or the Offshore Currency Loan Sublimit. All accrued commitment
fees and letter of credit fees to, but not including, the effective date of any reduction or termination of Commitments, shall be paid on the
effective date of such reduction or termination.
(b) At no time shall the Swing Line Commitment exceed the Aggregate Commitment, and any reduction of the Aggregate Commitment
which reduces the Aggregate Commitment below the then-current amount of the Swing Line Commitment shall result in an automatic
corresponding reduction of the Swing Line Commitment to the amount of the Aggregate Commitment, as so reduced, without any action on the
part of the Swing Line Lender. At no time shall the Swing Line Commitment exceed the Commitment of the Swing Line Lender, and any
reduction of the Aggregate Commitment which reduces the Commitment of the Swing Line Lender below the then-current amount of the Swing
Line Commitment shall result in an automatic corresponding reduction of the Swing Line Commitment to the amount of the Commitment of the
Swing Line Lender, as so reduced, without any action on the part of the Swing Line Lender.
2.08 Prepayments. (a) Subject to Section 4.04 , the Company may, at any time or from time to time, upon not less than four Business
Days' irrevocable notice to the Administrative Agent in the case of Offshore Rate Loans, and not later than 12:00 noon on the prepayment date,
in the case of Base Rate Loans, prepay Revolving Loans ratably among the Lenders in whole or in part, in minimum Dollar Equivalent amounts
of $500,000 or any Dollar Equivalent multiple of $100,000 in excess thereof. Such notice of prepayment shall specify the date and amount of
such prepayment and whether such prepayment is of Base Rate Loans or Offshore Rate Loans, or any combination thereof, and the Applicable
Currency. Such notice shall not thereafter be revocable by the Company and the Administrative Agent will promptly notify each Lender of its
receipt of any such notice, and of such Lender's Pro Rata Share of such prepayment. If such notice is given by the Company, the Company shall
make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, together, in the
case of Offshore Rate Loans, with accrued interest to each such date on the amount prepaid and any amounts required pursuant to Section 4.04 .
(b) Subject to Section 4.04 , if on any Computation Date the Administrative Agent shall have determined that the Dollar Equivalent
Effective Amount of all Loans then outstanding exceeds the combined Commitments of the Lenders by more than $250,000 due to a change in
applicable rates of exchange between Dollars and the Offshore Currency, then the Administrative Agent may and at the direction of the Required
Lenders shall give notice to the Company that a prepayment is required under this Section, and the Company agrees thereupon to promptly (but
in no event later than three
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