Common use of Changes of Commitment Amounts Clause in Contracts

Changes of Commitment Amounts. The Company, for itself and as agent for the other Borrowers, hereby notifies the Administrative Agent and each Lender, pursuant to subsection 3.3 of the Credit Agreement, that, effective on the date hereof, the total Revolving Credit Commitments shall be permanently reduced from $150,000,000 to $60,000,000, and each Lender, by its execution and delivery of its respective Consent Letter, hereby consents and agrees that such permanent reduction shall be effective on the date hereof and that such reduction shall be made pro rata according to the respective Revolving Credit Percentages of the Lenders.

Appears in 1 contract

Sources: Credit Agreement (Harborside Healthcare Corp)

Changes of Commitment Amounts. The Company, for itself and as agent for the other Borrowers, hereby notifies the Administrative Agent and each Lender, pursuant to subsection 3.3 of the Credit Agreement, that, effective on the date hereof, the total Revolving Credit Commitments shall be permanently reduced from $150,000,000 250,000,000 to $60,000,000150,000,000, and each Lender, by its execution and delivery of its respective Lender Consent Letter, hereby consents and agrees that such permanent reduction shall be effective on the date hereof and that such reduction shall be made pro rata according to the respective Revolving Credit Percentages of the Lenders.

Appears in 1 contract

Sources: Credit Agreement (Harborside Healthcare Corp)