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 unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees accrued until the effective date of any termination of the Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect 3.07); provided that the Borrower may elect to reduce the amount of Original Maturity Revolving Credit Commitments independently of any reduction reductions in the amount of Extended Maturity Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit Aggregate Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Revolving Credit Lenders of any termination or reduction of unused portions of the Swing Line Sublimit, the Revolving Credit Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, Sublimit and all Lenders of the termination or the Swing Line Sublimit or the reduction of unused Commitments of any Class under this Section 2.062.06 (provided that no such notice shall be required in connection with any termination pursuant to Section 2.06(b)). Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced3.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the any Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions portion of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. The amount of any such reduction of the Revolving Credit Commitments shall not be applied to the Letter of Credit Sublimit unless otherwise specified by the Borrower. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination. Any termination or reduction of the Delayed Draw Term A Loan Commitments shall be permanent.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line Sublimit or the unused Term Loan Commitments of any Class or New Loan Commitments under this Section 2.062.05. Upon any reduction of unused Commitments of any ClassTerm Loan Commitments, the Commitment of each Term Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment Commitments of any Lender as provided in Section 3.06) (and with respect to 3.07). Upon any reduction of Revolving Credit any unused New Loan Commitments, the Commitment each New Loan Lender shall be reduced by such Lender’s percentage Pro Rata Share of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit such Commitments are reducedreduced (other than the termination of Commitments of any Lender as provided in Section 3.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit any Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the Lenders of the applicable Class of any termination or reduction of unused portions of the Letter of Credit Sublimit, the Revolving Commitment or the Swing Line Sublimit or the unused Commitments of any Class Term A Commitment under this Section 2.062.05. Upon any reduction of unused the Revolving Commitments, the Revolving Commitment of each Revolving Lender shall be reduced by such Lender’s Applicable Revolving Percentage of such reduction amount. Upon any reduction of the Term A Commitments of any Class, the Term A Commitment of each Term A Lender of such the applicable Class shall be reduced by such Lender’s Applicable Term A Percentage of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced)amount. All Commitment Fees fees in respect of a Facility accrued until the effective date of any termination of the Revolving Credit Commitments such Facility shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions portion of the Letter of Credit Sublimit, the Swing Line Sublimit, or the unused Commitments of any Class under this Section 2.06. The amount of any such reduction of the Revolving Credit Commitments shall not be applied to the Letter of Credit Sublimit, or the Swing Line Sublimit or unless otherwise specified by the unused Commitments of any Class under this Section 2.06Borrower Representative. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced). All Commitment Fees commitment fees accrued until the effective date of any termination of the Revolving Credit Aggregate Commitments of any Class shall be paid to the Appropriate Lenders on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, or the Swing Line IF " DOCVARIABLE "SWDocIDLocation" 2" = "1" " DOCPROPERTY "SWDocID" CG&R Draft Current date: 09/27/2022 11:30 PM 68241056v1" "" Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced3.07). All Commitment Fees accrued until the effective date of any termination of the Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Revolving Credit Lenders of any termination or reduction of unused portions of the Swing Line Sublimit, the Revolving Credit Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, Sublimit and all Lenders of the termination or the Swing Line Sublimit or the reduction of unused 123 Commitments of any Class under this Section 2.062.06 (provided that no such notice shall be required in connection with any termination pursuant to Section 2.06(b)). Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Applicable Percentage Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.06) (and with respect to any reduction of Revolving Credit Commitments, such Lender’s percentage of the amount by which its 2018 Revolving Credit Commitments and/or 2020 Revolving Credit Commitments are reduced3.07). All Commitment Fees commitment fees accrued until the effective date of any termination of the any Revolving Credit Commitments shall be paid on the effective date of such termination.