Common use of Application of Revolving Credit Commitment Reductions; Payment of Fees Clause in Contracts

Application of Revolving Credit Commitment Reductions; Payment of Fees. Upon any reduction of unused Revolving Credit Commitments, the Revolving Credit Commitment of each Lender shall be reduced by such Lender’s Pro Rata Share of the amount by which the Revolving Credit Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 2.16(a)). All commitment fees accrued until the effective date of any termination of the Revolving Credit Commitments shall be paid on the effective date of such termination.

Application of Revolving Credit Commitment Reductions; Payment of Fees. Upon any reduction of unused Revolving Credit Commitments, the Revolving Credit Commitment of each Lender shall be reduced by such Lender’s Pro Rata Share of the amount by which the Revolving Credit Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 2.16(a2.16(c)). All commitment fees accrued until the effective date of any termination of the Revolving Credit Commitments shall be paid on the effective date of such termination.