Common use of Commitment Reductions, Generally Clause in Contracts

Commitment Reductions, Generally. No prepayment under Section 2.04 hereof, required prepayment under Section 2.05 hereof or commitment reductions under Sections 2.11(c) and (d) above shall reduce or relieve the scheduled reduction required by Section 2.11(b) above. To the extent the outstanding Revolver A Advances exceed the Revolver A Commitment after any reduction thereof, or the outstanding Revolver B Advances exceed the Revolver B Commitment after any reduction thereof, , the Borrower shall repay, on the date of such reduction, any such excess amount and all accrued interest thereon, the applicable Commitment Fee on the amount of such reduction and all amounts due. Once reduced or terminated, neither of the Commitments may be increased or reinstated, except with respect to the Revolver B Commitment, and only in accordance with Section 2.18 hereof. Application of all reductions in the Commitments shall be in accordance with the terms of Section 2.13(f) hereof.

Appears in 2 contracts

Sources: Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Pinnacle Holdings Inc)