Common use of Effect of Commitment Reductions Clause in Contracts

Effect of Commitment Reductions. From the effective date of any reduction of the Total Commitment, the Commitment Fees payable pursuant to Subparagraph 2.06(b) shall be computed on the basis of the Total Commitment as so reduced. Once reduced or canceled (except as set forth in Subparagraph 2.05(d)), the Total Commitment may not be increased or reinstated without the prior written consent of all Lenders. Any reduction of the Total Commitment shall be applied ratably to reduce each Lender’s Commitment in accordance with Subparagraph 2.11(a)(i). Any increase in the Total Commitment shall be pursuant to Subparagraph 2.05(d) and shall be applied to increase each Lender’s Commitment pro rata according to such Lender’s Proportionate Share as determined in accordance with Subparagraph (a) of the definition of such term.

Effect of Commitment Reductions. From the effective date of any reduction of the Total Commitment, the Commitment Fees payable pursuant to Subparagraph 2.06(b) shall be computed on the basis of the Total Commitment as so reduced. Once reduced or canceled (except as set forth in Subparagraph 2.05(d2.05(e)), the Total Commitment may not be increased or reinstated without the prior written consent of all Lenders. Any reduction of the Total Commitment shall be applied ratably to reduce each Lender’s Commitment in accordance with Subparagraph 2.11(a)(i). Any increase in the Total Commitment shall be pursuant to Subparagraph 2.05(d2.05(e) and shall be applied to increase each Lender’s Commitment pro rata according to such Lender’s Proportionate Share as determined in accordance with Subparagraph (a) of the definition of such term.