Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 9 contracts
Samples: First Lien Credit Agreement (ZoomInfo Technologies Inc.), First Lien Credit Agreement (ZoomInfo Technologies Inc.), First Lien Credit Agreement (ZoomInfo Technologies Inc.)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Revolving Credit Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 6 contracts
Samples: Credit Agreement (Axalta Coating Systems Ltd.), Credit Agreement (Axalta Coating Systems Ltd.), Credit Agreement (Axalta Coating Systems Ltd.)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, Swing Line Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Credit Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Credit Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Commitments under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be allocated ratably among the Revolving Tranchesreduced by such Lender’s ratable portion of such reduction amount.
Appears in 5 contracts
Samples: Credit Agreement (Nn Inc), Amendment and Restatement Agreement (Nn Inc), Credit Agreement (Nn Inc)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment facility fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 4 contracts
Samples: Credit Agreement (MeridianLink, Inc.), Credit Agreement (Instructure Holdings, Inc.), Credit Agreement (Instructure Holdings, Inc.)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility or Tranche of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 3 contracts
Samples: Fifth Amendment (Ortho Clinical Diagnostics Holdings PLC), Second Amendment (Ortho Clinical Diagnostics Holdings PLC), Amendment (Ortho Clinical Diagnostics Holdings PLC)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment Commitments under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Revolving Credit Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 3 contracts
Samples: Credit Agreement (Paya Holdings Inc.), Credit Agreement (Maravai Lifesciences Holdings, Inc.), Credit Agreement (Maravai Lifesciences Holdings, Inc.)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, the Swing Line Sublimit, the Alternative Currency Sublimit or the Revolving Credit Commitment Facility under this Section 2.062.07. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Credit Facility, the Revolving Credit Commitment of each Revolving Credit Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Credit Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Credit Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Commitments under this Section 2.06 (other than 2.07. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm Facility accrued until the effective date of any termination of the Term Facility shall be paid on the effective date of such termination.
Appears in 3 contracts
Samples: Credit Agreement (Corporate Property Associates 17 - Global INC), Credit Agreement (W. P. Carey Inc.), Credit Agreement (W P Carey & Co LLC)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Commitments, the Revolving Commitment of each Revolving Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Commitments under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm Facility accrued until the effective date of any termination of the Term Facility shall be paid on the effective date of such termination.
Appears in 3 contracts
Samples: Credit Agreement (Trecora Resources), Credit Agreement (Trecora Resources), Credit Agreement (Chase Corp)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Revolving Credit Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 2 contracts
Samples: Credit Agreement (Orion S.A.), Credit Agreement (Orion Engineered Carbons S.A.)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Appropriate Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, unused portions of the Letter of Credit Sublimit or the Revolving Credit Commitment Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments under a Facility or a Tranche thereofof any Class, the Commitment of each Lender under of such Facility or Tranche thereof Class shall be reduced by such Lender’s ratable share Pro Rata Share of the amount by which such Facility or Tranche thereof is Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubtdoubt and notwithstanding anything to the contrary contained in this Agreement, immediately following the Amendment No. 5 Effective Date the permanent reduction of any Revolving Credit Commitments may be applied on a non-pro rata basis among the outstanding Classes of Revolving Credit Commitments; provided that such reduction shall be made ratably among the Lenders of such Class except to the extent that a Class B Revolving Credit Lender declines any portion permanent reduction otherwise required by the penultimate sentence of Section 2.06(b) with respect to its Pro Rata Share of the Class B Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving TranchesCommitments.
Appears in 2 contracts
Samples: Credit Agreement (Delta Tucker Holdings, Inc.), Credit Agreement (Delta Tucker Holdings, Inc.)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.062.04. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Commitments, the Revolving Commitment of each Revolving Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Commitments under this Section 2.06 (other than 2.04. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm Facility accrued until the effective date of any termination of the Term Facility shall be paid on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Fabrinet), Credit Agreement (Fabrinet)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment Commitments under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Credit Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Credit Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Loan Commitments under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Loan Commitments, the Term Loan Commitment of each Term Loan Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm Loan Facility accrued until the effective date of any termination of the Term Loan Facility shall be paid on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Parker Drilling Co /De/), Credit Agreement (Parker Drilling Co /De/)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, Swing Line Sublimit or the Revolving Credit Commitment Commitments under this Section 2.06. Upon any reduction of the Revolving Credit Commitments under a Facility or a Tranche thereofof either Class, the Revolving Credit Commitment of each Revolving Credit Lender under such Facility or Tranche thereof of the applicable Class shall be reduced by such Lender’s ratable share Applicable Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Credit Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Revolving Credit Commitments and unpaid, of either Class shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term A Commitments under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term A Commitments, the Term A Commitment of each Term A Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm A Facility accrued until the effective date of any termination of the Term A Facility shall be paid on the effective date of such termination.
Appears in 2 contracts
Samples: Credit Agreement (Kinetic Concepts Inc /Tx/), Credit Agreement (Kinetic Concepts Inc)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.062.05. Upon any reduction of Commitments the Revolving Credit Commitments, unless otherwise permitted under a Facility or a Tranche thereofthis Section 2.05, the Revolving Credit Commitment of each Revolving Credit Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Credit Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Credit Facility shall be paid on the effective date of such termination. For In connection with the avoidance termination or reduction of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made Facility pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) 2.05, the Company shall be allocated ratably among prepay the Revolving TranchesCredit Loans and L/C Advances of the Revolving Credit Lenders whose Revolving Credit Commitments have been so terminated or reduced to the extent necessary such that the Revolving Credit Loans and L/C Advances of each Revolving Credit Lender shall not exceed its Applicable Revolving Credit Percentage of the Revolving Credit Loans and L/C Advances after giving effect to such termination or reduction.
Appears in 2 contracts
Samples: Credit Agreement (Cablevision Systems Corp /Ny), Credit Agreement (Cablevision Systems Corp /Ny)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.06). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii2.06(b)(iii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Revolving Credit Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.07). All commitment fees accrued until the effective date of any termination of the Aggregate Aggre- gate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated allocat- ed ratably among the Revolving Tranches.
Appears in 1 contract
Samples: Credit Agreement
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment Commitments under this Section 2.062.062.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.073.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 2.062.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii2.06(b)(ii)2.06(b)(ii)) shall be allocated ratably among the Revolving TranchesTranches (or more favorably to the existing tranches).
Appears in 1 contract
Samples: Credit Agreement (EngageSmart, Inc.)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of unused portions of the Commitments under any Term Loan Tranche, the Revolving Letter of Credit Sublimit or the Revolving Credit Commitment Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments under a Facility or a Tranche thereofof any Class, the Commitment of each Lender under of such Facility or Tranche thereof Class shall be reduced by such Lender’s ratable share Pro Rata Share of the amount by which such Facility or Tranche thereof is Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08)3.07) and, in the case of a termination or reduction of the Unused Synthetic L/C Commitments, the Administrative Agent shall return to the Synthetic L/C Lenders, from the Credit-Linked Deposit Account in accordance with their respective Synthetic L/C Pro Rata Shares, an amount equal to the amount by which the Credit-Linked Deposits exceed at such time (i) the aggregate amount of Synthetic L/C Commitments remaining (after giving effect to such reduction) minus (ii) the aggregate amount of Synthetic L/C Loans outstanding at such time. All commitment fees accrued until the effective date of any termination of the Aggregate Revolving Credit Commitments and unpaid, or the Delayed Draw Term Commitments shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of unused portions of the Commitments under any Term Loan TrancheCommitments, the Letter of Credit Sublimit Sublimit, or the unused Revolving Credit Commitment under this Section 2.06. Upon any reduction of unused Commitments under a Facility or a Tranche thereofFacility, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the initial Revolving TranchesCredit Facility and each new Specified Refinancing Debt revolving credit facility.
Appears in 1 contract
Samples: Credit Agreement (Rapid Roaming Co)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Revolving Credit Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Samples: Credit Agreement (Ortho Clinical Diagnostics Holdings PLC)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, Swing Line Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Credit Percentage of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08)reduction amount. All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Credit Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Commitments under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All unpaid fees in respect of the Revolving TranchesTerm Facility accrued until the effective date of any termination of the Term Facility shall be paid on the effective date of such termination.
Appears in 1 contract
Samples: Credit Agreement (Sanmina Corp)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment facility fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Samples: Credit Agreement (CarGurus, Inc.)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment facility fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Revolving Credit Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Revolving Credit Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Revolving Credit Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees Revolving Facility Fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment Commitments under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Samples: First Lien Credit Agreement (Maravai Lifesciences Holdings, Inc.)
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Appropriate Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving TranchesFacilities.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Revolving Credit Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.Section
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, Swing Line Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Credit Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Credit Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Loan Commitment under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Loan Commitment, the Term Loan Commitment of each Term Loan Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm Loan Facility accrued until the effective date of any termination of the Term Loan Facility shall be paid on the effective date of such termination.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment Commitments under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.083.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving TranchesTranches (or more favorably to the existing tranches).
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s 's ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment facility fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable Revolving Credit Facility or Tranche of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving Tranches.
Appears in 1 contract
Samples: Credit Agreement (Ortho Clinical Diagnostics Holdings PLC)
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility any such notice of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, Swing Line Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Commitments, the Revolving Commitment of each Revolving Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Percentage of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08)reduction amount. All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Commitments under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm Facility accrued until the effective date of any termination of the Term Facility shall be paid on the effective date of such termination.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Appropriate Lenders of the applicable Facility of any termination or reduction of the Commitments 83894470_5 under any Term Loan Tranche, the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination. For the avoidance of doubt, to the extent that any portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to this Section 2.06 (other than any prepayments of revolving Loans made pursuant to Section 2.06(b)(ii)) shall be allocated ratably among the Revolving TranchesFacilities.
Appears in 1 contract
Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any reduction of Commitments under a Facility or a Tranche thereofthe Revolving Commitments, the Revolving Commitment of each Revolving Lender under such Facility or Tranche thereof shall be reduced by such Lender’s ratable share Applicable Revolving Percentage of such reduction amount. All fees in respect of the amount by which such Revolving Facility or Tranche thereof is reduced (other than the termination of the Commitment of any Lender as provided in Section 3.08). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments and unpaid, Revolving Facility shall be paid on the effective date of such termination. For .
(ii) The Administrative Agent will promptly notify the avoidance Lenders of doubt, to any termination or reduction of the extent that any unused portion of the Revolving Credit Loans have been refinanced with one or more new revolving credit facilities constituting Specified Refinancing Debt, any prepayments of revolving Loans made pursuant to aggregate Term Commitments for the Term Loan under this Section 2.06 (other than 2.06. Upon any prepayments reduction of revolving Loans made pursuant to Section 2.06(b)(ii)) the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be allocated ratably among reduced by such Lender’s ratable portion of such reduction amount. All fees in respect of the Revolving TranchesTerm Facility accrued until the effective date of any termination of the Term Facility shall be paid on the effective date of such termination.
Appears in 1 contract