Common use of Application of Commitment Reductions; Payment of Fees Clause in Contracts

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders under the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Type under this Section 2.06. Upon any reduction of unused Commitments of any Type, the Commitment of each Lender under the applicable Revolving Credit Facility of such Type shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 11.16). All Commitment Fees accrued until the effective date of any termination of the Commitments shall be paid on the effective date of such termination.

Appears in 5 contracts

Sources: Amendment and Restatement Agreement (Ardent Health Partners, LLC), Abl Credit Agreement (Ardent Health Partners, LLC), Abl Credit Agreement (Ardent Health Partners, LLC)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders under of the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Revolving Credit Commitments of under any Type Revolving Tranche under this Section 2.06. Upon any reduction of unused Commitments of any Typeunder a Facility or a Tranche thereof, the Commitment of each Lender under the applicable Revolving Credit such Facility of such Type or Tranche thereof shall be reduced by such Lender’s Applicable Pro Rata Share ratable share of the amount by which such Commitments are Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.08). All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination.

Appears in 5 contracts

Sources: Credit Agreement (KLDiscovery Inc.), Credit Agreement (KLDiscovery Inc.), Credit Agreement (KLDiscovery Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders under the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit, the Euro Sublimit or the Sterling Sublimit or the unused Commitments of any Type Class under this Section 2.062.06 as the Borrower may direct in its sole discretion. Upon any reduction of unused Commitments of any TypeClass, the Commitment of each Lender under the applicable Revolving Credit Facility of such Type Class shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination.

Appears in 4 contracts

Sources: Credit Agreement (Sensata Technologies Holding PLC), Credit Agreement (Sensata Technologies Holding PLC), Credit Agreement (Sensata Technologies Holding PLC)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders under of the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Type Revolving Credit Commitment under this Section 2.06. Upon any reduction of unused Commitments of any Typeunder a Facility or a Tranche thereof, the Commitment of each Lender under the applicable Revolving Credit such Facility of such Type or Tranche thereof shall be reduced by such Lender’s Applicable Pro Rata Share ratable share of the amount by which such Commitments are Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.08). All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination.

Appears in 4 contracts

Sources: Credit Agreement (Karman Holdings Inc.), Credit Agreement (Allison Transmission Holdings Inc), Credit Agreement (Allison Transmission Holdings Inc)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders under the applicable Revolving Credit Facility of any termination or reduction of unused portions portion of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Type Class under this Section 2.06. The amount of any such reduction of the Revolving Credit Commitments shall not be applied to the Letter of Credit Sublimit unless otherwise specified by the Borrower. Upon any reduction of unused Commitments of any TypeClass, the Commitment of each Lender under the applicable Revolving Credit Facility of such Type Class shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 11.16)reduced. All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination.

Appears in 3 contracts

Sources: Credit Agreement (Blucora, Inc.), Credit Agreement (Blucora, Inc.), Credit Agreement (Blucora, Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders under the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Letter of Credit Sublimit, Sublimit or the Swing Line Sublimit or the unused Commitments of any Type Class or Tranche (or Series thereof) under this Section 2.062.07. Upon any reduction of unused Commitments of any TypeClass or Tranche (or Series thereof), the Commitment of each Lender under the applicable Revolving Credit Facility of such Type Class or Tranche (or Series thereof) shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.09). All Commitment Fees facility fees accrued until the effective date of any termination of the Revolving Credit Commitments shall be paid on the effective date of such termination.

Appears in 3 contracts

Sources: Credit Agreement (Fidelity National Information Services, Inc.), Credit Agreement (Fidelity National Information Services, Inc.), Amendment and Restatement Agreement (Fidelity National Information Services, Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders under the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Term Commitment, the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Type Revolving Credit Commitment under this Section 2.06. Each reduction of the Term Commitments pursuant to Section 2.06(a) shall be applied to the applicable Term Facility. Upon any reduction of unused Commitments of any Typeunder a Facility, the Commitment of each Lender under the applicable Revolving Credit such Facility of such Type shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are Facility is reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

Appears in 2 contracts

Sources: Credit Agreement (United Industries Corp), Credit Agreement (United Industries Corp)

Application of Commitment Reductions; Payment of Fees. The Administrative Applicable Agent will promptly notify the applicable Lenders under of the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Type Revolving Credit Commitment under this Section 2.06. Upon any reduction of unused Commitments of any Typeunder a Facility or a Tranche thereof, the Commitment of each Lender under the applicable Revolving Credit such Facility of such Type or Tranche thereof shall be reduced by such Lender’s Applicable Pro Rata Share ratable share of the amount by which such Commitments are Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.08). All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination.

Appears in 1 contract

Sources: Credit Agreement (Atotech LTD)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders under the applicable Revolving Credit Facility of any termination or reduction of unused portions portion of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Type Class under this Section 2.06. The amount of any such reduction of the Revolving Credit Commitments shall not be applied to the Letter of Credit Sublimit unless otherwise specified by the Borrowers. Upon any reduction of unused Commitments of any TypeClass, the Commitment of each Lender under the applicable Revolving Credit Facility of such Type Class shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 11.16)reduced. All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination.

Appears in 1 contract

Sources: Credit Agreement (WisdomTree Investments, Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders under the applicable Revolving Credit Facility Lenders of any termination or reduction of unused portions of the Swing Line Sublimit, the Revolving Credit Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, Sublimit and all Lenders of the termination or the Swing Line Sublimit or the reduction of unused Commitments of any Type Class under this Section 2.06. Upon any reduction of unused Commitments of any TypeClass, the Commitment of each Lender under the applicable Revolving Credit Facility of such Type Class shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the any Revolving Credit Commitments shall be paid on the effective date of such termination.

Appears in 1 contract

Sources: Credit Agreement (SoulCycle Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders under of the applicable Revolving Credit Facility Tranche of any termination or reduction of unused portions of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of Revolving Credit Commitment under any Type Revolving Tranche under this Section 2.06. Upon any reduction of unused Commitments of any Typeunder a Facility or Tranche thereof, the Commitment of each Lender under the applicable Revolving Credit such Facility of such Type or Tranche thereof shall be reduced by such Lender’s Applicable Pro Rata Share ratable share of the amount by which such Commitments are Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.06). All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination.

Appears in 1 contract

Sources: First Lien Credit Agreement (Pivotal Acquisition Corp)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders under the applicable Revolving Credit Facility of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit, the Euro Sublimit or the Sterling Sublimit or the unused Commitments of any Type Class under this Section 2.062.06 as the relevant Borrower may direct in its sole discretion. Upon any reduction of unused Commitments of any TypeClass, the Commitment of each Lender under the applicable Revolving Credit Facility of such Type Class shall be reduced by such Lender’s Applicable Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 11.163.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination.

Appears in 1 contract

Sources: Credit Agreement (Sensata Technologies Holding PLC)