Common use of Reduction of Commitments Clause in Contracts

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced, and (B) the Borrowing Base.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.04, the Borrower agrees to first, make a prepayment in respect of the outstanding amount of the Advances to and second, deposit funds into the Cash Collateral Account the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced, and (B) the Borrowing Base.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (Ai) the aggregate Commitments, as so reduced, and (Bii) if the Borrowing Base is in effect at such time, the Borrowing Base.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.042.1(c), the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances Loans to the extent, if any, that the aggregate unpaid principal amount of all Advances Loans plus the Letter of Credit Exposure exceeds the lesser aggregate Maximum Credit Amount of (A) the aggregate Commitments, as so reduced, and (B) the Borrowing Baseall Lenders.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.042.1(c), the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances Loans to the extent, if any, that the aggregate unpaid principal amount of all Advances Loans plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced, reduced and (B) the Borrowing Base.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced, and (B) the Borrowing Base.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments Maximum Credit Amounts pursuant to Section 2.042.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate CommitmentsMaximum Credit Amounts, as so reduced, reduced and (B) the Borrowing Base.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.042.1(e), the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances Loans to the extent, if any, that the aggregate unpaid principal amount of all Advances Loans plus the Letter of Credit Exposure exceeds the lesser aggregate New Money Commitment of (A) the aggregate Commitments, as so reduced, and (B) the Borrowing Baseall Lenders.