Common use of Effect of Reductions Clause in Contracts

Effect of Reductions. Simultaneously with each voluntary permanent -------------------- reduction, the Borrower shall make a payment of the outstanding Loans equal to the excess, if any, of (A) the aggregate principal amount of the outstanding Loans and the Stated Amount of any Letters of Credit over (B) the Commitment, as so reduced. Notice of a reduction, once given, shall be irrevocable. All such reductions shall be without penalty or premium (except for amounts owing pursuant to Subsection 2.2e, if any).

Effect of Reductions. Simultaneously with each voluntary -------------------- permanent -------------------- reduction, the Borrower shall make a payment of the outstanding Revolving Credit Loans equal to the excess, if any, of (A) the aggregate principal amount of the outstanding Revolving Credit Loans and the Stated Amount of any Letters of Credit over (B) the Revolving Credit Commitment, as so reduced. Notice of a reduction, once given, shall be irrevocable. All such reductions shall be without penalty or premium (except for amounts owing pursuant to Subsection 2.2eSection 2.2e(iv), if any).

Effect of Reductions. Simultaneously with each voluntary permanent -------------------- reduction, the Borrower shall make a payment of the outstanding Revolving Credit Loans equal to the excess, if any, of (A) the aggregate principal amount of the outstanding Revolving Credit Loans and the Stated Amount of any Letters of Credit over (B) the CommitmentRevolving Credit Loan Commitments, as so reduced. Notice of a reduction, once given, shall be irrevocable. All such reductions shall be without penalty or premium (except for amounts owing pursuant to Subsection 2.2e, if any)premium.

Effect of Reductions. Simultaneously with each voluntary permanent -------------------- reduction, the Borrower shall make a payment of the outstanding Revolving Credit Loans equal to the excess, if any, of (A) the aggregate principal amount of the outstanding Revolving Credit Loans and the Stated Amount of any Letters of Credit over (B) the Revolving Credit Commitment, as so reduced. Notice of a reduction, once given, shall be irrevocable. All such reductions shall be without penalty or premium (except for amounts owing pursuant to Subsection 2.2eSection 2.3e(iv), if any).

Effect of Reductions. Simultaneously with each voluntary -------------------- permanent -------------------- reduction, the Borrower shall make a payment of the outstanding Loans equal to the excess, if any, of (A) the aggregate principal amount of the outstanding Loans and the Stated Amount of any Letters of Credit over (B) the Commitment, as so reduced. Notice of a reduction, once given, shall be irrevocable. All such reductions shall be without penalty or premium (except for amounts owing pursuant to Subsection 2.2e, if any).