All Reductions of the Commitments Sample Clauses
The "All Reductions of the Commitments" clause defines the procedures and conditions under which the total amount of commitments made by lenders or parties in a financial agreement can be decreased. Typically, this clause outlines how and when a borrower may request a reduction, the required notice period, and any limitations or minimum thresholds for such reductions. Its core practical function is to provide a clear framework for adjusting the available credit or obligations, ensuring both parties understand how commitments can be scaled back and reducing the risk of disputes over the process.
All Reductions of the Commitments. All reductions of the Commitments shall reduce the Commitments ratably among the Lenders according to their respective Pro Rata Shares (excluding for such purposes any Loans attributable to PIK Interest or PIK Fees).
All Reductions of the Commitments. All reductions of the Commitments shall reduce the Commitments ratably among the Lenders according to their respective Pro Rata Shares.
All Reductions of the Commitments. All reductions of the Revolving Commitment Amount or the Line of Credit Commitment Amount, as the case may be, shall reduce the applicable Commitments pro rata among the Revolving Facility Banks and Line of Credit Banks according to their respective Pro Rata Shares of such facilities, as applicable.
All Reductions of the Commitments. All reductions of the Commitment Amount shall reduce the Commitments pro rata among the Banks according to their respective Percentages.
All Reductions of the Commitments. All reductions of the Aggregate Commitment Amount shall reduce the Commitments pro rata among the Lenders according to their respective Pro Rata Shares of the Total Facility, and all reductions of the aggregate amount of the Canadian Sub-Facility Commitments shall reduce the Canadian Sub-Facility Commitments pro rata among the Canadian Lenders according to their respective Pro Rata Shares of the Canadian Sub-Facility.