Ratable Reductions Sample Clauses
The Ratable Reductions clause establishes a method for proportionally decreasing certain amounts, obligations, or entitlements among parties when a reduction is required. In practice, this means that if a total amount—such as a loan commitment or available credit—is reduced, each party’s share is decreased in the same proportion as their original allocation. This ensures fairness and consistency, preventing any single party from bearing an unequal share of the reduction and thereby maintaining equitable treatment among all involved.
Ratable Reductions. Whirlpool may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in an amount of $25,000,000 or an integral multiple of $5,000,000 in excess thereof, upon at least three Business Days’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the Dollar Amount of the aggregate principal amount of the outstanding Advances plus the outstanding LOC Obligations.
Ratable Reductions. Any reduction in the Revolving Loan ------------------ Commitments in accordance with this Section 1.3 or otherwise shall result in a ----------- ratable reduction of each Lender's Revolving Loan Commitment.
Ratable Reductions. In the event that the aggregate funds required in connection with the public takeover bid (and to pay related fees and expenses and interest) are less than $450.0 million, ratable reductions shall be made in the amount of the funds to be provided by GL, PGI and ZBH described above.
Ratable Reductions. Whirlpool may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in an amount of $25,000,000 or an integral multiple of $5,000,000 in excess thereof, upon at least three Business Days’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Advances; provided further that any such notice may state by its terms that it is conditioned upon the effectiveness of other credit facilities, incurrences of Indebtedness, dispositions or other expected sources of funds, in which case such notice may be revoked by Whirlpool by notice to the Administrative Agent in the event that such condition is not satisfied.
Ratable Reductions. Each reduction of the Commitments shall be made ratably among the Lenders based on their respective Commitments. Schedule 2.01 shall be deemed amended to take into account any termination or reduction of the Commitments in accordance with this Section 2.07.