Automatic Reductions to Commitment Amounts Clause Samples

Automatic Reductions to Commitment Amounts. Any optional or mandatory reduction of the Revolving Loan Commitment Amount pursuant to the terms of this Agreement which reduces the Revolving Loan Commitment Amount below the sum of (i) the Swing Line Loan Commitment Amount and (ii) the Letter of Credit Commitment Amount shall result in an automatic and corresponding reduction of (x) first, the Swing Line Loan Commitment Amount, and (y) second, the Letter of Credit Commitment Amount (unless, in each case, otherwise directed by a Borrower in a notice to the Administrative Agent delivered together with the notice of such voluntary reduction in the Revolving Loan Commitment Amount that such Commitment Amounts shall be reduced in a different manner), to an aggregate amount not in excess of the Revolving Loan Commitment Amount, as so reduced, without any further action on the part of the Swing Line Lender or any Issuer.