Common use of Commitment Reduction, Generally Clause in Contracts

Commitment Reduction, Generally. Each reduction in the Commitment hereunder shall be made ratably among the Lenders in accordance with their respective Pro Rata Percentages of the Commitment. The Borrower shall pay, to the Administrative Agent for the account of the applicable Lenders, on the date of each termination or reduction, the Commitment Fees on the amount of the Commitment so terminated or reduced accrued to but excluding the date of such termination or reduction.

Commitment Reduction, Generally. Each reduction in the Commitment Commitments hereunder shall be made ratably among the Lenders in accordance with their respective Pro Rata Percentages of the CommitmentCommitments. The Borrower shall pay, to the Administrative Agent for the account of the applicable Lenders, on the date of each termination or reduction, the Commitment Fees on the amount of the Commitment Commitments so terminated or reduced accrued to but excluding the date of such termination or reduction.