Common use of Application of Commitment Reductions Clause in Contracts

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. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Term Commitments pursuant to under this SectionSection 2.06. Upon any reduction of unused CommitmentsTerm Commitments under the Term Facility, the Term Commitment of each Lender under such Term Facility shall be reduced by such Lender’s ratable share Pro Rata Share of the amount by which such Term Facility is reduced (other than the termination of such reductionthe Term Commitment of any Lender as provided in Section 3.07).

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused Term Commitments pursuant to of any Class under this SectionSection 2.04. Upon any reduction of unused CommitmentsTerm Commitments of any Class, the Term Commitment of each Lender of such Class shall be reduced by such Lender’s ratable share Applicable Percentage of the amount by which such Term Commitments are reduced (other than the termination of such reductionthe Term Commitment of any Lender as provided in Section 3.06).

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Aggregate Commitments pursuant to this Sectionunder Section 2.04(a) or (b)(i). Upon any Any reduction of unused Commitments, the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Commitment Percentage. Any reduction in (or termination of) the Aggregate Commitments shall be reduced by such Lender’s ratable share of the amount of such reductionpermanent and may not be reinstated.

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. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments pursuant to this SectionSection 2.6. Upon any reduction of unused Commitments, the Commitment of each Lender shall be reduced by such Lender’s ratable share Pro Rate Share of the amount of such reduction.

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Commitments pursuant to Term Commitments, under this SectionSection 2.04. Upon any reduction of unused CommitmentsTerm Commitments under the Term Facility, the Term Commitment of each Lender under such Term Facility shall be reduced by such Lender’s ratable share Pro Rata Share of the amount by which such Term Facility is reduced (other than the termination of such reductionthe Term Commitment of any Lender as provided in Section 3.07).

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.. [FS Investment] Loan and Security Agreement

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments Commitments, the L/C Sublimit or the Swingline Commitment pursuant to this Section. Upon any reduction of unused Total Available 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. 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 Revolving Commitments, the Revolving Commitment of each Revolving Lender shall be reduced by such Lender’s ratable share of the amount of such reduction.

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Term Commitments pursuant to under this SectionSection 2.04. Upon any reduction of unused CommitmentsTerm Commitments under any Class of the Term Facility, the Term Commitment of each Lender under such Class shall be reduced by such Lender’s ratable share Pro Rata Share of the amount by which such Class is reduced (other than the termination of such reductionthe Term Commitment of any Lender as provided in Section 3.07).

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments Commitments, the L/C Sublimit or the Swingline Sublimit pursuant to this Section. Upon any reduction of unused Revolving Commitments, the Revolving Commitment of each Revolving Lender shall be reduced by such Lender’s ratable share of the amount of such reduction. The amount of any such Aggregate Commitment reduction shall not be applied to the Alternative Currency Sublimit unless otherwise specified by the Borrower.

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments pursuant to this SectionSection 2.05. Upon any reduction of unused Unused Commitments, the Commitment of each Lender shall be reduced by such Lender’s ratable share of the amount of such reduction. All Commitment Fees accrued until the effective date of any termination shall be paid on the effective date of such termination.

Application of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments pursuant to clause (b) of this Section. Upon any reduction of unused the unfunded Commitments, the Commitment of each Lender shall be reduced by such Lender’s ratable share Pro Rata Share of the amount of such reduction.