Common use of Effect of Reductions Clause in Contracts

Effect of Reductions. After each such reduction, the Commitment Fee shall be calculated upon the Revolving Credit Commitments of the Banks as so reduced, and the amount of the reduction of the Revolving Credit Commitments may not be reinstated.

Appears in 3 contracts

Samples: Credit Agreement (Zaring National Corp), Credit Agreement (Zaring National Corp), Credit Agreement (Federated Investors Inc /Pa/)

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Effect of Reductions. After each such reduction, the Commitment Facility Fee and the Usage Fee shall be calculated upon the Revolving Credit Commitments of the Banks as so reduced, and the amount of the reduction of the Revolving Credit Commitments may not be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Federated Investors Inc /Pa/), Senior Secured Credit Agreement (Federated Investors Inc /Pa/)

Effect of Reductions. After each such reduction, the -------------------- Commitment Fee shall be calculated upon the Revolving Credit Commitments of the Banks as so reduced, and the amount of the reduction of the Revolving Credit Commitments may not be reinstated.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Federated Investors Inc /Pa/)

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Effect of Reductions. After each such reduction, the Commitment Facility Fee shall be calculated upon the Revolving Credit Commitments of the Banks as so reduced, and the amount of the reduction of the Revolving Credit Commitments may shall not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

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