Common use of Effect of Reduction of Commitment Clause in Contracts

Effect of Reduction of Commitment. If, at any time: --------------------------------- (a) the Commitment of any Bank is reduced to zero in accordance with the terms of this Agreement; (b) all indebtedness and other amounts owed to such Bank by Borrower hereunder or in connection herewith have been satisfied in full; and (c) such Bank is under no further actual or contingent obligation hereunder, then such Bank shall cease to be a party hereto and a Bank for the purposes hereof; provided, however, that the obligations of Borrower under Sections 3.1, -------- ------- 3.2, 3.3, 11.14, 11.15 and 11.16 shall survive the cancellation of the Commitment and the termination of this Agreement.

Effect of Reduction of Commitment. If, at any time: --------------------------------- (ai) the Commitment of any Bank is reduced to zero in accordance with the terms of this Agreement; (bii) all indebtedness and other amounts owed to such Bank by Borrower the Obligors hereunder or in connection herewith have been satisfied in full; and (ciii) such Bank is under no further actual or contingent obligation hereunder, then such Bank shall cease to be a party hereto and a Bank for the purposes hereof; provided, however, that the obligations of Borrower the Obligors under Sections -------- ------- 2.15, 2.16, 3.1, -------- ------- 3.2, 3.3, 11.1411.13, 11.14 and 11.15 and 11.16 shall survive the cancellation of the Commitment and the termination of this Agreement.

Effect of Reduction of Commitment. If, at any time: ------------------------------------------------------------------------------- (a) the Commitment of any Bank is reduced to zero in accordance with the terms of this Agreement; (b) all indebtedness and other amounts owed to such Bank by Borrower hereunder or in connection herewith have been satisfied in full; and (c) such Bank is under no further actual or contingent obligation hereunder, then such Bank shall cease to be a party hereto and a Bank for the purposes hereof; provided, however, that the obligations of Borrower under Sections 3.1, -------- ------- 3.2, 3.3, 11.14, 11.15 and 11.16 shall survive the cancellation of the Commitment and the termination of this Agreement.

Effect of Reduction of Commitment. If, at any time: --------------------------------- (a) the Commitment of any Bank is reduced to zero in accordance with the terms of this Agreement; (b) all indebtedness and other amounts owed to such Bank by Borrower hereunder or in connection herewith have been satisfied in full; and (c) such Bank is under no further actual or contingent obligation hereunder, then such Bank shall cease to be a party hereto and a Bank for the purposes hereof; provided, however, that the obligations of Borrower and such Bank under -------- ------- Sections 3.1, -------- ------- 3.2, 3.3, 11.14, 11.15 and 11.16 shall survive the cancellation of the Commitment and the termination of this Agreement.

Effect of Reduction of Commitment. If, at any time: --------------------------------- (ai) the Commitment of any Bank is reduced to zero in accordance with the terms of this Agreement; (bii) all indebtedness and other amounts owed to such Bank by Borrower the Obligors hereunder or in connection herewith have been satisfied in full; and (ciii) such Bank is under no further actual or contingent obligation hereunder, then such Bank shall cease to be a party hereto and a Bank for the purposes hereof; provided, however, that the obligations of Borrower the Obligors under -------- ------- Sections 2.15, 2.16, 3.1, -------- ------- 3.2, 3.3, 11.1411.13, 11.14 and 11.15 and 11.16 shall survive the cancellation of the Commitment and the termination of this Agreement.