Common use of Effect of Cancellation or Reduction Clause in Contracts

Effect of Cancellation or Reduction. 8.5 Any cancellation or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made rateably among the Lenders in accordance with their respective Commitments.

Appears in 4 contracts

Samples: Credit Facility and Reimbursement Agreement (Xl Capital LTD), Agreement (Xl Capital LTD), Xl Capital LTD

AutoNDA by SimpleDocs

Effect of Cancellation or Reduction. 8.5 Any cancellation or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made rateably among the Lenders in accordance with their respective Commitments.. Fees Participation Fee

Appears in 1 contract

Samples: Xl Capital LTD

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.