Common use of Application of Commitment Reductions Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Dana Inc), Credit and Guaranty Agreement (Dana Inc), Credit and Guaranty Agreement (Dana Inc)

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Application of Commitment Reductions. Upon each reduction of the applicable a Facility pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Lenders or Term Lenders, as the case may be, Lender under such Facility shall be reduced by such Lender’s 's Pro Rata Share of the amount by which such Facility is reduced in accordance with the Lenders’ respective Commitments under such Facilityreduced.

Appears in 3 contracts

Samples: Credit Agreement (Alpharma Inc), Credit Agreement (Medcath Corp), Credit Agreement (Medcath Corp)

Application of Commitment Reductions. Upon each reduction of the applicable a Facility pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Lenders or Term Lenders, as the case may be, Appropriate Lender under such Facility 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 Facilityreduced.

Appears in 3 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

Application of Commitment Reductions. Upon each reduction of any of the applicable Facility Facilities pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Appropriate Lenders or Term Lenders, as the case may be, under such Facility shall be reduced by such Lender’s 's Pro Rata Share of the amount by which such Facility is reduced in accordance with the Lenders’ respective Commitments under such Facilityreduced.

Appears in 3 contracts

Samples: Credit Agreement (Caremark Rx Inc), Credit Agreement (Caremark Rx Inc), Credit Agreement (Caremark Rx Inc)

Application of Commitment Reductions. Upon each reduction of the applicable a Facility pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Lenders or Term Lenders, as the case may be, Appropriate Lender under such Facility shall be reduced by such Lender’s 's Pro Rata Share of the amount by which such Facility is reduced in accordance with the Lenders’ respective Commitments under such Facilityreduced.

Appears in 2 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

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 the Facility is reduced in accordance with the Lenders’ respective Commitments under such the Facility.

Appears in 1 contract

Samples: 364 Day Bridge Facility and Guaranty Agreement (Dana Inc)

Application of Commitment Reductions. Upon each reduction of the applicable Working Capital Facility pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Lenders or Term Lenders, as the case may be, under such Facility 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 Working Capital Commitments under with respect to such Facility.

Appears in 1 contract

Samples: Possession Credit Agreement (Worldcom Inc)

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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 LenderXxxxxx’s Pro Rata Share of the amount by which such Facility is reduced in accordance with the Lenders’ respective Commitments under such Facility.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Dana Inc)

Application of Commitment Reductions. Upon each reduction of any Facility (other than the applicable Facility Letter of Credit Facility) pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Lenders or Term Lenders, as the case may be, Lender under such Facility shall be reduced by such Lender’s 's Pro Rata Share of the amount by which such Facility is reduced in accordance with the Lenders’ respective Commitments under such Facilityreduced.

Appears in 1 contract

Samples: Credit Agreement (Signature Brands Inc)

Application of Commitment Reductions. Upon each reduction of any of the applicable Facility Facilities pursuant to this Section 2.05, the Commitment of each of the Revolving Credit Appropriate Lenders or Term Lenders, as the case may be, under such Facility shall be reduced by such Lender’s Pro Rata Share 's ratable share of the amount by which such Facility is reduced in accordance with the Appropriate Lenders' respective Commitments under with respect to such Facility.

Appears in 1 contract

Samples: Credit Agreement (Desa Holdings Corp)

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