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).
Appears in 2 contracts
Samples: Senior Secured Debtor in Possession Credit Agreement, Senior Secured Debtor in Possession Credit Agreement
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- 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).
Appears in 2 contracts
Samples: Senior Secured Debtor in Possession Credit Agreement (Chemtura CORP), Senior Secured Debtor in Possession Credit Agreement (Chemtura CORP)
