Common use of Effect of Termination or Reduction Clause in Contracts

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 81 contracts

Samples: Senior Secured (Lafayette Square USA, Inc.), Credit Agreement (BlackRock TCP Capital Corp.), Senior Secured Revolving Credit Agreement (Monroe Capital Income Plus Corp)

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Effect of Termination or Reduction. Any termination or reduction of the Commitments of a any Class shall be permanent. Each reduction of the Commitments of a any Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 42 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc), Credit Agreement (Avangrid, Inc.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a any Class shall be permanent. Each reduction of the Commitments of a any Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsPro Rata Share of Commitments of such Class.

Appears in 21 contracts

Samples: Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.), Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.), First Lien Credit Agreement (Petco Health & Wellness Company, Inc.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class pursuant to clause (b) shall be permanent. Each reduction of the Commitments of a Class pursuant to clause (b) shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 13 contracts

Samples: Secured Revolving Credit Agreement (Bain Capital Private Credit), Secured Revolving Credit Agreement (Sixth Street Lending Partners), Revolving Credit Agreement (Bain Capital Private Credit)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably between the Multicurrency Commitments and the Dollar Commitments and ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of each Class.

Appears in 9 contracts

Samples: Senior Secured Revolving Credit Agreement (PGIM Private Credit Fund), Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp III), Senior Secured Revolving Credit Agreement (Owl Rock Core Income Corp.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 8 contracts

Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.), Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 6 contracts

Samples: Senior Secured Revolving Credit Agreement (Ares Capital Corp), Senior Secured Revolving Credit Agreement (Ares Capital Corp), Senior Secured Revolving Credit Agreement (Ares Capital Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a either Class shall be permanent. Each reduction of the Commitments of a either Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 6 contracts

Samples: Joint Venture Agreement (Nextel Partners Inc), Credit Agreement (Baldor Electric Co), Credit Facility Agreement (Great Wall Acquisition Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Ares Capital Corp), Senior Secured Credit Agreement (Ares Capital Corp), Senior Secured Credit Agreement (Ares Capital Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a any Class pursuant to clause (a) or (b) above shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (FS Energy & Power Fund), Senior Secured Credit Agreement (FS Energy & Power Fund)

Effect of Termination or Reduction. Any termination or reduction of the Revolving Commitments of a Class shall be permanent. Each reduction of the Revolving Commitments of a Class shall be made ratably between the Multicurrency Commitments and the Dollar Commitments and ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of each Class.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Blue Owl Capital Corp III)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.. 51

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (FS Investment CORP)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class pursuant to Section 2.08(b) shall be permanent. Each reduction of the Commitments of a Class pursuant to Section 2.08(b) shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (Prospect Floating Rate & Alternative Income Fund, Inc.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a any Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (FS Energy & Power Fund)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.. 42

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp)

Effect of Termination or Reduction. Any termination or reduction ---------------------------------- of the Commitments of a any Class shall be permanent. Each reduction of the Commitments of a any Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

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Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each Except to the extent as otherwise provided herein, each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (BlackRock Kelso Capital CORP)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.Commitments of such Class. (e)

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent; provided that the Commitments may subsequently be increased pursuant to the following Section 2.08(e)). Each Except for any reductions made pursuant to Section 2.18(b), each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (BlackRock TCP Capital Corp.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made allocated to any Class or Classes of Commitments as directed by the Company, and applied ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments under such Class or Classes.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Brunswick Corp)

Effect of Termination or Reduction. Any Except as set forth in Section 9.15, any termination or reduction of the Commitments of a any Class shall be permanent. Each reduction of the Commitments of a either Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a any Class shall be made ratably among the Lenders of such Class in accordance with their respective CommitmentsCommitments of such Class.

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme Doughnuts Inc)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class (other than any reduction of the Commitments on the Amendment No. 1 Effective Date as set forth in Schedule I to Amendment No. 1) shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 1 contract

Samples: Senior Secured (Apollo Investment Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.. 37 Revolving Credit Agreement

Appears in 1 contract

Samples: Secured Revolving Credit Agreement and Guarantee and Security Agreement (Owl Rock Capital Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.. 60 Revolving Credit Agreement

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Owl Rock Core Income Corp.)

Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class shall be permanent. Each Each; provided that the Commitments may subsequently be increased pursuant to the following Section 2.08(e)). Except for any reductions made pursuant to Section 2.18(b), each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (BlackRock TCP Capital Corp.)

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