Application of Reduction of Incremental Term Facility Commitment. Each reduction to, and/or termination of the total Incremental Term Facility Commitment under a given Tranche pursuant to this Clause 4.2 shall be applied proportionately and permanently to reduce, and/or terminate the Incremental Term Facility Commitment of each Lender with such a Commitment under such Tranche provided that any mandatory reduction to the Incremental Term Facility Commitments pursuant to Clause 13.3 (Application of Mandatory Prepayments) shall be applied proportionately and permanently to reduce the Incremental Term Facility Commitments of all Lenders for all Tranches on a pro rata basis (based on the then remaining amounts of such Incremental Term Facility Commitments).
Appears in 5 contracts
Samples: Senior Facilities Agreement (Corporate Express N.V.), Agreement (Buhrmann Nv), Conformed Copy (Buhrmann Nv)
