Application of Payments; Commitment Reduction Sample Clauses
Application of Payments; Commitment Reduction. All payments made pursuant to 2.10 shall be applied to reduce the outstanding principal amount of the Loans and the outstanding principal amount of the "Loans" and "Unpaid Reimbursement Obligations" under and as defined in the Revolving Credit Agreement by such amount pro rata based on the then outstanding principal amount of the Loans and the then outstanding principal amount of "
Application of Payments; Commitment Reduction. All payments made pursuant to 2.10 shall be applied to reduce the outstanding principal amount of the Loans and Unpaid Reimbursement Obligations by such amount pro rata based on the then outstanding principal amount of the Loans and Unpaid Reimbursement Obligations. Such mandatory repayments shall be allocated among the Banks in proportion, as nearly as practicable, to the respective outstanding amounts of each Bank's Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Amounts repaid pursuant to 2.10(a)(A) or 2.10(a)(C) may not be reborrowed. The Total Commitment shall be reduced by an amount equal to the amount so repaid pursuant to 2.10(a)(A) or 2.10(a)(C). No reduction of the Total Commitment made pursuant to this 2.11 may be reinstated.
Application of Payments; Commitment Reduction. All payments made pursuant to section 2.10 shall be applied to reduce the outstanding principal amount of the Loans and Unpaid Reimbursement Obligations by such amount pro rata based on the then outstanding principal amount of the Loans and Unpaid Reimbursement Obligations. Such mandatory repayments shall be allocated among the Banks in proportion, as nearly as practicable, to the respective outstanding amounts of each Bank's Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Amounts repaid pursuant to section 2.10(a)(A) or section 2.10(a)(C) may not be reborrowed. The Total Commitment shall be reduced by an amount equal to the amount so repaid pursuant to section 2.10(a)(A) or section 2.10(a)(C). No reduction of the Total Commitment made pursuant to this section 2.11 may be reinstated.