Common use of Effect of Commitment Reductions Clause in Contracts

Effect of Commitment Reductions. From the effective date of any reduction of the Total Revolving Loan Commitment, the Revolving Loan Commitment Fees payable pursuant to Subparagraph 2.03(b) shall be computed on the basis of the Total Revolving Loan Commitment as so reduced. Once reduced or cancelled, the Total Revolving Loan Commitment may not be increased or reinstated without the prior written consent of all Banks. Any reduction of the Total Revolving Loan Commitment pursuant to this Paragraph 2.02 shall be applied to reduce the Banks' respective Revolving Loan Commitments pro rata according to their respective Proportionate Shares at the time of such reduction.

Effect of Commitment Reductions. From the effective date of any reduction of the Total Revolving Loan Commitment, the Revolving Loan Commitment Fees payable pursuant to Subparagraph 2.03(b) shall be computed on the basis of the Total Revolving Loan Commitment as so reduced. Once reduced or cancelled, the Total Revolving Loan Commitment may not be increased or reinstated without the prior written consent of all BanksLenders. Any reduction of the Total Revolving Loan Commitment pursuant to this Paragraph 2.02 2.03 shall be applied to reduce the BanksLenders' respective Revolving Loan Commitments pro rata according to their respective Proportionate Shares at the time of such reduction.

Effect of Commitment Reductions. From the effective date of any reduction of the Total Revolving Loan Commitment, the Revolving Loan Commitment Fees payable pursuant to Subparagraph 2.03(b) shall be computed on the basis of the Total Revolving Loan Commitment as so reduced. Once reduced or cancelled, the Total Revolving Loan Commitment may not be increased or reinstated without the prior written consent of all Banks. Any reduction of the Total Revolving Loan Commitment pursuant to this Paragraph 2.02 2.03 shall be applied to reduce the Banks' respective Revolving Loan Commitments pro rata according to their respective Proportionate Shares at the time of such reduction.