Common use of Borrowings, Commitment Reductions, Etc Clause in Contracts

Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein (including in Section 2.3.3), (a) each Borrowing and each reduction of the Total Commitment shall be made or allocated among the Lenders pro rata according to their respective Proportionate Shares then in effect, (b) each payment of principal and interest on the Loans shall be made pro rata among the holders of the Loans according to the respective principal amounts of the Loans held by them and (c) each payment of Commitment Fees and Lenders Letter of Credit Fees shall be shared among the Lenders pro rata according to their respective Proportionate Shares; provided, that for purposes of the sharing of Commitment Fees, the Proportionate Shares shall be calculated as if the Commitment Increase Period was in effect unless and until a Commitment Decrease Event shall have occurred after a Commitment Increase Event shall have occurred.