Common use of Effect of Commitment Reductions Clause in Contracts

Effect of Commitment Reductions. From the effective date of any reduction of the Total Facility A Commitment or the Total Facility B Commitment, the Commitment Fees payable pursuant to Subparagraph 2.06(b) shall be computed on the basis of the Total Facility A Commitment and/or the Total Facility B Commitment as so reduced. Once reduced or cancelled, the Total Facility A Commitment or the Total Facility B Commitment may not be increased or reinstated without the prior written consent of all Facility A Lenders or Facility B Lenders, as applicable. Any reduction of the Total Facility A Commitment shall be applied ratably to reduce each Facility A Lender's Facility A Commitment in accordance with Subparagraph 2.11(a)(i). Any reduction of the Total Facility B Commitment shall be applied to reduce each Facility B Lender's Facility B Commitment in accordance with Subparagraph 2.11(a)(ii).

Appears in 2 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

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Effect of Commitment Reductions. From the effective date of any reduction of the Total Facility A Commitment or the Total Facility B Commitment, the Commitment Fees payable pursuant to Subparagraph 2.06(b) shall be computed on the basis of the Total Facility A Commitment and/or the Total Facility B Commitment as so reduced. Once reduced or cancelled, the Total Facility A Commitment or the Total Facility B Commitment may not be increased or reinstated without the prior written consent of all Facility A Lenders or Facility B Lenders, as applicable. Any reduction of the Total Facility A Commitment pursuant to Subparagraph 2.05(c) shall be applied ratably to reduce each Facility A Lender's Facility A Commitment in accordance with clause (i) of Subparagraph 2.11(a)(i2.09(a). Any reduction of the Total Facility B Commitment pursuant to Subparagraph 2.05(c) shall be applied ratably to reduce each Facility B Lender's Facility B Commitment in accordance with clause (ii) of Subparagraph 2.11(a)(ii2.11(a).

Appears in 1 contract

Samples: Assignment Agreement (Flextronics International LTD)

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Effect of Commitment Reductions. From the effective date of any reduction of the Total Facility A Commitment or the Total Facility B Commitment, the Commitment Fees payable pursuant to Subparagraph 2.06(b) shall be computed on the basis of the Total Facility A Commitment and/or the Total Facility B Commitment as so reduced. Once reduced or cancelled, the Total Facility A Commitment or the Total Facility B Commitment may not be increased or reinstated without the prior written consent of all Facility A Lenders or Facility B Lenders, as applicable. Any reduction of the Total Facility A Commitment pursuant to Subparagraph 2.05(b) shall be applied ratably to reduce each Facility A Lender's Facility A Commitment in accordance with clause (i) of Subparagraph 2.11(a)(i2.09(a). Any reduction of the Total Facility B Commitment pursuant to Subparagraph 2.05(b) shall be applied ratably to reduce each Facility B Lender's Facility B Commitment in accordance with clause (ii) of Subparagraph 2.11(a)(ii2.11(a).

Appears in 1 contract

Samples: Assignment Agreement (Flextronics International LTD)

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