Common use of Ratable Reduction of Commitments Clause in Contracts

Ratable Reduction of Commitments. Each reduction in Commitments pursuant to this Section 1.7 shall permanently reduce the appropriate Commitment of each Lender by an amount equal to its Proportionate Share of such reduction.

Ratable Reduction of Commitments. Each reduction in Commitments pursuant to this Section 1.7 shall permanently reduce the appropriate Commitment of each Lender Bank by an amount equal to its Proportionate Share of such reduction.