Common use of Corresponding Reductions Clause in Contracts

Corresponding Reductions. Each partial permanent reduction permitted or required pursuant to this Section 2.7 shall (i) permanently reduce the Lenders' Commitments pro rata in accordance with their respective Commitment Percentages and (ii) permanently reduce the Alternative Currency Commitment pro rata in accordance with the relative amount of the Alternative Currency Commitment and the Aggregate Commitment.

Appears in 1 contract

Sources: Credit Agreement (Compx International Inc)

Corresponding Reductions. Each partial permanent reduction permitted or required pursuant to this Section 2.7 shall (i) permanently reduce the Lenders' Commitments pro rata in accordance with their respective Commitment Percentages and (ii) permanently reduce the Alternative Currency Commitment pro rata in accordance with the relative amount of the Alternative Currency Commitment and the Aggregate Commitment.

Appears in 1 contract

Sources: Credit Agreement (Compx International Inc)

Corresponding Reductions. Each partial permanent reduction permitted or required pursuant to this Section 2.7 shall (i) permanently reduce the Lenders' ’ Commitments pro rata in accordance with their respective Commitment Percentages and (ii) permanently reduce the Alternative Currency Commitment pro rata in accordance with the relative amount of the Alternative Currency Commitment and the Aggregate Commitment.

Appears in 1 contract

Sources: Credit Agreement (Compx International Inc)