Reduction of Available Commitment. As of the opening of business on the day following the Liquidity Provider's receipt of written notice (which the Tender and Paying Agent will provide within two (2) Business Days of receipt of notice from the Fund) of any redemption or other repurchase of VRDP Shares consummated by the Fund, the Available Commitment shall automatically be reduced by the amount applicable to the VRDP Shares so redeemed or otherwise repurchased; and the Available Commitment in respect of such VRDP Shares shall be extinguished and shall not thereafter be revived, except with the prior written consent of the Liquidity Provider.
Reduction of Available Commitment. If a Bank's Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then the amount of that Advance shall be reduced accordingly.
Reduction of Available Commitment. (a) As of the opening of business on the day following the Liquidity Provider’s receipt of written notice (which the Fund will cause to be given) of any redemption or other repurchase of VRDP Shares consummated by the Fund, the Available Commitment shall automatically be reduced by the amount applicable to the VRDP Shares so redeemed or otherwise repurchased; and the Available Commitment in respect of such VRDP Shares shall be extinguished and shall not thereafter be revived, except with the prior written consent of the Liquidity Provider. Notwithstanding the foregoing, nothing herein is intended to expand the terms of the Purchase Obligation.
Reduction of Available Commitment. If a Swingline Facility Lender’s Swingline Facility Commitment is reduced in accordance with the terms hereof after the Agent has received the Utilisation Request for a Swingline Facility Advance and such reduction was not taken into account in the Available Swingline Facility, then both the Euro Amount of the relevant Swingline Facility Advance and the amount of that Swingline Facility Advance made or to be made shall be reduced accordingly.
Reduction of Available Commitment. If a Hotel Lender’s Available Tranche A Commitment or, as the case may be, Available Tranche B Commitment, Available Tranche C Commitment or Available Tranche D Commitment is reduced in accordance with the terms hereof or the Common Terms Agreement after the Intercreditor Agent or the Hotel Facility Agent has received an Advance Request for a Tranche A Advance or, as the case may be, a Tranche B Advance, a Tranche C Advance or a Tranche D Advance and such reduction was not taken into account in the Available Tranche A Facility or, as the case may be, the Available Tranche B Facility, the Available Tranche C Facility or the Available Tranche D Facility, then the amount of that Tranche A Advance or, as the case may be, Tranche B Advance, Tranche C Advance or Tranche D Advance shall be reduced accordingly.
Reduction of Available Commitment. Upon any Variable Rate Bond ceasing to be outstanding pursuant to the Authorizing Document or upon conversion to a Bond Interest Term Rate, a Long Rate or a Fixed Interest Rate of all or any portion of the principal amount of the Variable Rate Bonds, the aggregate Available Principal Commitment shall automatically be terminated by an amount equal to the principal amount of such Variable Rate Bonds ceasing to be outstanding or converted to a Bond Interest Term Rate, a Long Rate or a Fixed Interest Rate pursuant to the Authorizing Document.
Reduction of Available Commitment. Upon any --------------------------------- redemption, defeasance, repayment or other payment, or on the fifth day following conversion to a Fixed Rate of all or any portion of the principal amount of the Variable Rate Bonds, the aggregate Available Principal Commitment shall automatically be terminated by an amount equal to the principal amount of the Variable Rate Bonds so redeemed, defeased, repaid or otherwise paid or converted, as the case may be.
Reduction of Available Commitment. (a) As of the opening of business on the day following the Liquidity Provider’s receipt of written notice (which the Fund will cause to be given) of any redemption or other repurchase of LEARS consummated by the Fund, the Available Commitment shall automatically be reduced by the amount applicable to the LEARS so redeemed or otherwise repurchased; and the Available Commitment in respect of such LEARS shall be extinguished and shall not thereafter be revived, except with the prior written consent of the Liquidity Provider. Notwithstanding the foregoing, nothing herein is intended to expand the terms of the Purchase Obligation.
Reduction of Available Commitment. If a Lender’s Commitment is reduced pursuant to Clause 11 (Cancellation and Prepayment) or Clause 14 (Illegality) after the Facility Agent has received the Utilisation Request pursuant to this Clause 4 and such reduction was not taken into account in calculating the relevant Available Facility, then the amount of the relevant Revolving Advance shall be reduced accordingly.
Reduction of Available Commitment. If a Lender’s Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Utilisation for a Bank Guarantee and such reduction was not taken into account in the Available Facility, then both the Original Euro Amount and the amount of that Bank Guarantee shall be reduced accordingly.
