Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments pursuant to this Section. Upon any reduction of unused Commitments, the Commitment of each Lender shall be reduced by such Lender’s ratable share of the amount of such reduction.
Application of Commitment Reductions. Upon each reduction of the applicable Facility pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Lenders or Term Lenders, as the case may be, shall be reduced by such Lender’s Pro Rata Share of the amount by which such Facility is reduced in accordance with the Lenders’ respective Commitments under such Facility.
Application of Commitment Reductions. Upon each reduction of the Revolving Credit Facility pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Lenders shall be reduced by such Revolving Credit Lender’s Pro Rata Share of the amount by which the Revolving Credit Facility is reduced in accordance with the Lenders’ respective Revolving Credit Commitments.
Application of Commitment Reductions. The Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit or the Revolving Commitment under this Section 2.5. Upon any reduction of the Revolving Commitments, unless otherwise permitted under this Section 2.5, the Revolving Commitment of each Revolving Lender shall be reduced by such Lender’s Pro Rata Share of such reduction amount. All fees in respect of the Revolving Commitment accrued until the effective date of any termination of such Revolving Commitment shall be paid on the effective date of such termination. In connection with the termination or reduction of any portion of the Revolving Credit Facility pursuant to this Section 2.5, Borrower shall prepay the Revolving Loans and L/C Advances of the Revolving Lenders whose Revolving Commitments have been so terminated or reduced to the extent necessary such that the Revolving Loans and L/C Advances of each Revolving Lender shall not exceed its Pro Rata Share of the Revolving Loans and L/C Advances after giving effect to such termination or reduction.
Application of Commitment Reductions. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.07).
Application of Commitment Reductions. Upon each reduction of the Rollup Revolving Credit Facility pursuant to this Section 2.05, the Rollup Revolving Credit Commitment of each of the Rollup Revolving Credit Lenders shall be reduced by such Rollup Revolving Credit Lender’s Pro Rata Share of the amount by which the Rollup Revolving Credit Facility is reduced in accordance with the Lenders’ respective Non-rollup Revolving Credit Commitments. Upon each reduction of the Non- rollup Revolving Credit Facility pursuant to this Section 2.05, the Non-rollup Revolving Credit Commitment of each of the Non-rollup Revolving Credit Lenders shall be reduced by such Non-rollup Revolving Credit Lender’s Pro Rata Share of the amount by which the Non-rollup Revolving Credit Facility is reduced in accordance with the Lenders’ respective Non-rollup Revolving Credit Commitments; provided that this sentence shall not apply to any repayment of Non-rollup Revolving Credit Advances on the Final Term Advance Date pursuant to the second sentence of Section 2.04(b).
Application of Commitment Reductions. Upon each reduction of a Facility (other than the Letter of Credit Facility) pursuant to this Section 2.05, the Commitment of each Lender under such Facility shall be reduced by such Lender's Pro Rata Share of the amount by which such Facility is reduced.
Application of Commitment Reductions. (i) Each reduction of the ------------------------------------ Facilities pursuant to clause (iv) or (v) of Section 2.04(b) shall be applied ratably to the Facilities and, in the case of the Term Facility, to the principal repayment installments thereof in inverse order of maturity until all such principal repayment installments are terminated in whole, and, in the case of each of the Revolving Credit Facilities, to the mandatory commitment reduction installments thereof on a pro rata basis until all such mandatory commitment reduction installments are terminated in whole; provided, however, that, after the Phase II Closing Date, any of the Term Lenders, at its option, may elect not to accept any such commitment reduction (and the corresponding prepayment thereto pursuant to Section 2.05(b)(i)), in which event the provisions set forth in the next three succeeding sentences of this clause (i) shall apply. Promptly upon receipt by the Administrative Agent of the amount of any Excess Cash Flow pursuant to clause (iv) of Section 2.04(b) or the amount of any Net Cash Proceeds pursuant to clause (v) of Section 2.04(b) (the date of each such receipt being a "RECEIPT DATE"), the Administrative Agent shall deposit the amount of such Excess Cash Flow or such Net Cash Proceeds, as the case may be, applicable to the reduction of the Term Facility (and available for the prepayment of the outstanding Term Advances upon such reduction pursuant to Section 2.05(b)(i)) into the Cash Collateral Account of Fox Kids (in the case of any such amount of Excess Cash Flow) or the Cash Collateral Account of the applicable Borrower (in the case of any such amount of Net Cash Proceeds), pending application of such amount on the related Mandatory Commitment Reduction Date, and promptly after such Receipt Date, the Administrative Agent shall give written notice to each of the Term Lenders of (A) the amount of Excess Cash Flow or Net Cash Proceeds, as the case may be, so prepaid that, pursuant to the terms of the immediately preceding sentence, is applicable to the reduction of the Term Facility (and available for the corresponding prepayment of the outstanding Term Advances pursuant to Section 2.05(b)(i)) (the "MANDATORY COMMITMENT REDUCTION AMOUNT") and (B) the date on which such commitment reduction shall be made (the "MANDATORY COMMITMENT REDUCTION DATE"), which date shall be no later than five Business Days after the Receipt Date. Any of the Term Lenders that wishes to decline its P...
Application of Commitment Reductions. PAYMENT OF FEES. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Term Commitment, the Letter of Credit Sublimit, or the unused Revolving Credit Commitment under this SECTION 2.06. Upon any reduction of unused Commitments under a Facility, the Commitment of each Lender under such Facility shall be reduced by such Lender's Pro Rata Share of the amount by which such Facility is reduced. All fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.
Application of Commitment Reductions. (i) Each reduction of the ------------------------------------ Facilities pursuant to clause (iii), (iv) or (v) of Section 2.04(b) shall be applied first, to the next two succeeding principal repayment installments of the Term Facility in direct order of maturity until such principal repayment installments are repaid in full, second, to the remaining principal repayment installments of the Term Facility on a pro rata basis, third, to the next two succeeding scheduled commitment reduction installments of the Revolving Credit Facility in direct order of maturity until such scheduled commitment reduction installments are reduced in whole and fourth, to the remaining scheduled commitment reduction installments of the Revolving Credit Facility on a pro rata basis.
