Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.
Automatic Reduction and Termination. Subject to the provisions of Section 8.04, the Individual Lender Maximum Funding Amounts of each Lender shall be automatically reduced to zero at 5:00 p.m. on the Facility Termination Date.
Automatic Reduction and Termination. The Total Commitment (and the Commitment of each Lender) shall be automatically reduced to zero at the close of business on the Commitment Termination Date. The Borrower shall not terminate or reduce the Total Commitment (including, without limitation, pursuant to Section 2.05(b)) if, to the extent that after giving effect to such reduction or termination, a Commitment Shortfall shall exist.
Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the Amortization Date.
Automatic Reduction and Termination. The Total Commitment (and the applicable Term Commitment or Revolving Commitment of each Term Lender or Revolving Lender) shall be automatically reduced (i) in part, with respect to the Term Commitment of each Term Lender, to the extent provided in connection with any optional or mandatory prepayments of Term Loan Advances made pursuant to Section 2.05(a) or Section 2.05(b), as applicable, and (ii) to zero at the close of business on the Commitment Termination Date. The Borrower shall not terminate or reduce the Total Commitment if, to the extent that after giving effect to such reduction or termination, a Commitment Shortfall shall exist.
Automatic Reduction and Termination. The Allocated Facility Amounts of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Conversion Date.
Automatic Reduction and Termination. The Total Commitment (and the Commitment of each Lender) shall be automatically reduced to the Net Aggregate Exposure Commitment Amount at the close of each business day (New York City time) on and after the Commitment Termination Date and shall be automatically terminated on the first date following the Commitment Termination Date on which the Exposure Amount has been permanently reduced to zero, as set forth in a written notice from the Collateral Servicer to the Administrative Agent and the Trustee.
Automatic Reduction and Termination. The Total Class A-R Commitment (and the Class A-R Commitment of each Class A-R Lender) shall be automatically reduced to zero at the close of business (New York City time) on the last day of the Class A-R Commitment Period. Upon the making of the Class A-T Loans on the Closing Date or on any other agreed date pursuant to an Increased Commitment, the amount of the Class A-T Commitments shall each be reduced to zero. The Borrower shall provide written notice of such reduction of the Total Class A-R Commitment to the Administrative Agent at least three Business Days prior thereto. In addition, the Borrower may reduce the Maximum Class A Loan Amount from time to time by an amount specified by the Borrower (such amount, the "MCALA Reduction Amount") upon at least five Business Days' notice to the Agents if there are Revolving Loans then outstanding or, if there are no Revolving Loans outstanding at such time, upon at least four Business Days' notice to the Agents, whereupon the Total Class A-R Commitment shall be reduced by an amount equal to the Revolving Loan Commitment Reduction Amount on the date set forth in such notice of reduction, provided that (i) immediately after giving effect to such reduction, the undrawn and available portion of the Total Class A-R Commitment shall not be less than the aggregate principal amount of Swingline Loans then outstanding, (ii) the Borrower shall prepay Loans in connection with such reduction of the Maximum Class A Loan Amount pursuant to Section 2.7(c) and (iii) if such reduction would result in a Commitment Shortfall, the Borrower shall, as a condition to such reduction becoming effective, deposit the amount of such Commitment Shortfall in the Future Funding Reserve Account, and the Borrower shall provide notice of such deposit to the Collateral Agent. Upon the occurrence and continuation of any Trigger Event, the Majority Lenders may reduce each of the undrawn and available portion of the Total Class A-R Commitment and the undrawn and available portion of the Total Class A-T Commitment to zero; provided that, if such reduction of the Total Class A-R Commitment leads to a Commitment Shortfall, such reduction shall be limited to the extent that it would not cause a Commitment Shortfall.
Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to (i) the aggregate outstanding principal balance of the Advances at 5:00 p.m. on the Scheduled Termination Date or (ii) zero on the date selected by the Required Lenders following acceleration as a result of the occurrence of an Event of Default pursuant to Section 6.02.
Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date; provided that if the Reinvestment Period is terminated upon the occurrence of a Specified Key Individual Event, the Reinvestment Period shall be reinstated automatically upon the date on which such individual specified in the definition of “Specified Key Individual Event” is replaced with a successor individual reasonably acceptable to the Administrative Agent, without any further action by any party hereto.
