Common use of Additional Reductions Clause in Contracts

Additional Reductions. The commitment under the LC Subfacility shall be reduced from time to time on the date of any mandatory or voluntary reduction of the Commitment by the amount, if any, by which such LC Subfacility exceeds the Commitment after giving effect to such reduction of the Commitment.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Northern Border Partners Lp), Revolving Credit Agreement (Northern Border Partners Lp), Revolving Credit Agreement (Northern Border Partners Lp)

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Additional Reductions. The commitment under the LC Subfacility shall each be reduced from time to time on the date of any mandatory or voluntary reduction of the Revolver Commitment by the amount, if any, by which either such LC Subfacility exceeds the Revolver Commitment after giving effect to such reduction of the Revolver Commitment.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

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Additional Reductions. The commitment commitments under the LC Subfacility shall each be reduced from time to time on the date of any mandatory or voluntary reduction of the Revolver Commitment by the amount, if any, by which such LC Subfacility exceeds the Revolver Commitment after giving effect to such reduction of the Revolver Commitment.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

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