Common use of Reduction of the Total Commitment Clause in Contracts

Reduction of the Total Commitment. Subject to the prior consent of the Original Syndicate Members the Company may, by written notice to the Syndicate Members, reduce the Total Commitment by an amount up to the Total Available Commitment. Clause 7.3 shall apply mutatis mutandis.

Appears in 2 contracts

Sources: Portfolio Hedge Agreement (Eksportfinans Asa), Portfolio Hedge Agreement (Eksportfinans Asa)