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Common use of Ratable Reduction of Lessor Parties Commitments Clause in Contracts

Ratable Reduction of Lessor Parties Commitments. Any reduction in the Lessor Parties Commitments shall be on a ratable basis among all Lessor Parties.

Appears in 4 contracts

Sources: Fourth Amendment to Certain Operative Agreements (Big Lots Inc), Fourth Amendment to Certain Operative Agreements (Big Lots Inc), Operative Agreements (Big Lots Inc)

Related Clauses

  • Termination and Reduction of Revolving Commitments
  • Termination or Reduction of Revolving Commitments
  • Provisions Related to Extended Revolving Credit Commitments
  • Termination or Reduction of Revolving Credit Commitments
  • Increase in Revolving Commitments

Parent Clauses

  • Amendments to UCC Financing Statements
  • WHEREAS
  • Governing Law
  • FUNDING OF LESSOR ADVANCES; CONDITIONS PRECEDENT;

Sub-Clauses

  • Conversion and Continuation Options Respecting the Lessor Advances
  • Scheduled Return of Lessor Advance
  • Early Return of Lessor Advances; Maturity Date Payment of Lessor Advances
  • Notice of Amounts Payable; Mandatory Assignment
  • Pro Rata Treatment and Payments
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