Automatic Reduction and Termination. The Total Commitment (and the applicable Term Commitment or Revolving Commitment of each Term Lender or Revolving Lender) shall be automatically reduced (i) in part, with respect to the Term Commitment of each Term Lender, to the extent provided in connection with any optional or mandatory prepayments of Term Loan Advances made pursuant to Section 2.05(a) or Section 2.05(b), as applicable, and (ii) to zero at the close of business on the Commitment Termination Date. The Borrower shall not terminate or reduce the Total Commitment if, to the extent that after giving effect to such reduction or termination, a Commitment Shortfall shall exist.
Appears in 2 contracts
Sources: Credit and Security Agreement (WhiteHorse Finance, Inc.), Credit and Security Agreement (WhiteHorse Finance, Inc.)