Common use of Effect of Commitment Reductions Clause in Contracts

Effect of Commitment Reductions. From the effective date of any reduction of the 364-Day Commitment or the Thirty-Month Commitment, the Commitment Fees shall be computed on the basis of the 364-Day Commitment or the Thirty-Month Commitment as so reduced. Once reduced or cancelled, the 364-Day Commitment, the Thirty-Month Commitment and the Total Commitment may not be increased or reinstated without the prior written consent of Lessor and all Participants. Any reduction of the 364-Day Commitment, the Thirty-Month Commitment or the Total Commitment pursuant to this Paragraph 2.08 shall be applied ratably to reduce each Participant's Commitment pro rata in accordance with its Proportionate Share.

Effect of Commitment Reductions. From the effective date of any reduction of the 364-Day Commitment or the ThirtyTwo-Month Year Commitment, the Commitment Fees shall be computed on the basis of the 364-Day Commitment or the ThirtyTwo-Month Year Commitment as so reduced. Once reduced or cancelled, the 364-Day Commitment, the ThirtyTwo-Month Year Commitment and the Total Commitment may not be increased or reinstated without the prior written consent of Lessor and all Participants. Any reduction of the 364-Day Commitment, the Thirty-Month Two- Year Commitment or the Total Commitment pursuant to this Paragraph 2.08 shall be applied ratably to reduce each Participant's Commitment pro rata in accordance with its Proportionate Share.

Effect of Commitment Reductions. From the effective date of any reduction of the 364-Day Commitment or the ThirtyTwo-Month Year Commitment, the Commitment Fees shall be computed on the basis of the 364-Day Commitment or the ThirtyTwo-Month Year Commitment as so reduced. Once reduced or cancelled, the 364-Day Commitment, the ThirtyTwo-Month Year Commitment and the Total Commitment may not be increased or reinstated without the prior written consent of Lessor and all Participants. Any reduction of the 364-Day Commitment, the ThirtyTwo-Month Year Commitment or the Total Commitment pursuant to this Paragraph 2.08 shall be applied ratably to reduce each Participant's Commitment pro rata in accordance with its Proportionate Share.