Common use of Application of Commitment Reductions; Payment of Fees Clause in Contracts

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Commitment under this Section 2.06. All fees in respect of the Revolving Facility accrued until the effective date of any termination of the Revolving Facility shall be paid on the effective date of such termination.

Appears in 4 contracts

Samples: Credit Agreement (Digital Turbine, Inc.), Credit Agreement (Digital Turbine, Inc.), Credit Agreement (Digital Turbine, Inc.)

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Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the Lenders of any notice of termination or reduction of the Letter Revolving Credit Facility. Any reduction of Credit Sublimit, Swingline Sublimit or the Revolving Credit Facility shall be applied to the Revolving Credit Commitment under this Section 2.06of each Revolving Credit Lender according to its Applicable Revolving Credit Percentage. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 4 contracts

Samples: Credit Agreement (BWX Technologies, Inc.), Credit Agreement (Babcock & Wilcox Co), Credit Agreement (Babcock & Wilcox Co)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Revolving Credit Sublimit, Swingline Sublimit or the Revolving Commitment Facility under this Section 2.06. Upon any reduction of the Revolving Credit Facility, the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 4 contracts

Samples: Credit Agreement (Carriage Services Inc), Credit Agreement (Carriage Services Inc), Credit Agreement (Carriage Services Inc)

Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the Lenders of any notice of termination or reduction of the Letter Revolving Credit Facility. Any reduction of Credit Sublimit, Swingline Sublimit or the Revolving Credit Facility shall be applied to the Commitment under this Section 2.06of each Lender according to its Applicable Percentage. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 3 contracts

Samples: Credit Agreement (Babcock & Wilcox Enterprises, Inc.), Credit Agreement (Babcock & Wilcox Co), Credit Agreement (Babcock & Wilcox Enterprises, Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Letter Aggregate Revolving Credit Commitments. Any reduction of the Aggregate Revolving Credit Sublimit, Swingline Sublimit or Commitments shall be applied to the Revolving Credit Commitment under this Section 2.06of each Lender according to its Applicable Percentage. All fees in respect of the Revolving Facility accrued until the effective date of any termination of the Aggregate Revolving Facility Credit Commitments shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (TreeHouse Foods, Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Revolving Credit Lenders of any termination or reduction of the Letter unused portions of Credit Sublimit, Swingline Sublimit or the Revolving Credit Commitment under this Section 2.06Section. Upon any reduction of the unused Revolving Credit Commitment, the Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Pro Rata Share of the amount by which the Revolving Credit Commitment is reduced. All fees in respect of the Revolving Facility accrued until the effective closing date of any termination of the Revolving Facility Aggregate Commitments shall be paid on the effective closing date of such termination.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Reliant Energy Inc)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Revolving Credit Sublimit, Swingline Sublimit or the Revolving Commitment Commitments under this Section 2.06. Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (MSCI Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of unused Revolving Credit Sublimit, Swingline Sublimit or the Revolving Commitment under this Section 2.062.07. Upon any reduction of the unused Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the Revolving Facility accrued until the effective date of any termination of the Revolving Facility Commitments shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Ipsco Inc)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Revolving Credit Sublimit, Swingline Sublimit or the Revolving Commitment under this Section 2.062.05. Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.. 2.06

Appears in 1 contract

Samples: Credit Agreement (Perella Weinberg Partners)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Commitment Credit Facility under this Section 2.06. Upon any reduction of the Revolving Credit Facility, the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Benihana Inc)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Revolving Credit Sublimit, Swingline Sublimit or the Revolving Commitment Commitments under this Section 2.06. Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment of each Lender shall be reduced by such Lender’s Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Darden Restaurants Inc)

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Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline the Swing Line Sublimit or the Revolving Commitment Credit Facility under this Section 2.06. Upon any reduction of the Revolving Credit Facility, the Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (GENTHERM Inc)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Revolving Credit Sublimit, Swingline Sublimit or the Revolving Commitment under this Section 2.062.062.05. Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Perella Weinberg Partners)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Revolving Credit Lenders of any termination or reduction of the Letter unused portions of Credit Sublimit, Swingline Sublimit or the Revolving Credit Commitment under this Section 2.06Section. Upon any reduction of the unused Revolving Credit Commitment, the Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Pro Rata Share of the amount by which the Revolving Credit Commitment is reduced. All fees in respect of the Revolving Facility accrued until the effective date of any termination of the Revolving Facility Aggregate Commitments shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Reliant Energy Inc)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Commitment Credit Commitments under this Section 2.062.05. Any reduction of the Aggregate Revolving Credit Commitments shall be applied to the Revolving Credit Commitment of each Revolving Credit Lender according to its Applicable Percentage. All fees in respect of the Revolving Facility accrued until the effective date of any termination of the Aggregate Revolving Facility Credit Commitments shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Braemar Hotels & Resorts Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Commitment Facility under this Section 2.062.04. Upon any reduction of the Credit Facility, the Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (FreightCar America, Inc.)

Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the Lenders of any notice of (or mandatory) termination or reduction of the Letter Revolving Credit Facility. Any reduction of Credit Sublimit, Swingline Sublimit or the Revolving Credit Facility shall be applied to the Commitment under this Section 2.06of each Lender according to its Applicable Percentage. All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Babcock & Wilcox Enterprises, Inc.)

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of any Revolving Credit Sublimit, Swingline Sublimit or the Revolving Commitment Commitments under this Section 2.062.05. Upon any reduction of any Revolving Credit Commitments, the applicable Revolving Credit Commitment of each applicable Revolving Credit Lender shall be reduced by such Lender's Applicable Percentage of such reduction amount. All fees in respect of the each Revolving Credit Facility accrued until the effective date of any termination of the such Revolving Credit Facility shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (Wiley John & Sons Inc)

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