Common use of Effect of Termination or Reduction Clause in Contracts

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

Appears in 112 contracts

Samples: Guarantee and Security Agreement (Franklin BSP Capital Corp), Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp), Credit Agreement (Best Buy Co Inc)

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Effect of Termination or Reduction. Any termination or reduction of the Revolving Commitments shall be permanent; provided that any such termination or reduction shall not reduce the Maximum Increase Amount. Each reduction of the Revolving Commitments shall be made ratably among the Revolving Lenders in accordance with their respective Revolving Commitments.

Appears in 5 contracts

Samples: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co), Management Agreement (Macerich Co)

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

Appears in 5 contracts

Samples: Credit Agreement (Cambrex Corp), Credit Agreement (NYSE Group, Inc.), Credit Facility Agreement (Welund Fund Inc)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. Notwithstanding any termination or reduction of the Commitments pursuant to this Section 2.2(e), the Commitment Fee shall not be reduced in any event unless otherwise set forth in the Fee Letters.

Appears in 5 contracts

Samples: Accession Agreement (Vivint Solar, Inc.), Accession Agreement (Vivint Solar, Inc.), Accession Agreement (Solarcity Corp)

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

Appears in 4 contracts

Samples: Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Sierra Pacific Power Co)

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

Appears in 3 contracts

Samples: Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.)

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

Appears in 3 contracts

Samples: Credit Agreement (Old Dominion Electric Cooperative), Credit Agreement (Old Dominion Electric Cooperative), Credit Agreement (Old Dominion Electric Cooperative)

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

Appears in 3 contracts

Samples: Revolving Loan Agreement (Harte Hanks Inc), Term Loan Agreement (Harte Hanks Inc), Term Loan Agreement (Harte Hanks Inc)

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

Appears in 3 contracts

Samples: Credit Agreement (First American Financial Corp), Credit Agreement (Nationwide Health Properties Inc), Credit Agreement (First American Financial Corp)

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

Appears in 3 contracts

Samples: Senior Secured Revolving Credit Agreement (Stellus Capital Investment Corp), Assignment and Assumption (Stellus Capital Investment Corp), Secured Revolving Credit Agreement (Stellus Capital Investment Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders (including with respect to Extending Lenders and Non-Extending Lenders) in accordance with their respective Commitments.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Revolving Credit Agreement (Oaktree Specialty Lending Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. All commitment fees accrued on the portion of the Commitments terminated until the effective date of such termination of the Commitments shall be paid on the effective date of such termination.

Appears in 1 contract

Samples: Credit Agreement (WestRock Co)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. [Intentionally omitted].

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)

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

Appears in 1 contract

Samples: www.sec.gov

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. Notwithstanding any termination or reduction of the Commitments pursuant to this Section 2.02(e), the Commitment Fee shall not be reduced in any event unless otherwise set forth in the Fee Letters.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Solarcity Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective CommitmentsCommitments with the effect that the Tranche A Commitments and the Tranche B Commitments shall be reduced in a ratio of 2:1.

Appears in 1 contract

Samples: Credit Agreement (Chugach Electric Association Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Oaktree Specialty Lending Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Resources)

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Effect of Termination or Reduction. Any termination or ---------------------------------- reduction of the Commitments shall be permanent. Each Except as otherwise provided in Section 2.06(e) (i), each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective CommitmentsApplicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Effect of Termination or Reduction. Any termination or ---------------------------------- reduction of the Commitments shall be permanent. Each Except as otherwise provided in Section 2.06(e)(i), each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective CommitmentsApplicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with Three-Year Credit Agreement 24 their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (Harte Hanks Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Oaktree Strategic Credit Fund)

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

Appears in 1 contract

Samples: Bridge Credit Agreement (Frontier Communications Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. [Intentionally Omitted].

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp)

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

Appears in 1 contract

Samples: Capital Agreement (Somerset Power LLC)

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

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Varagon Capital Corp)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Term Loan Commitments or the Revolving Loan Commitments shall be made ratably among the Lenders in accordance with their respective Term Loan Commitments or Revolving Loan Commitments, respectively.

Appears in 1 contract

Samples: Guarantee Assumption Agreement (Student Advantage Inc)

Effect of Termination or Reduction. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.. (e) [Intentionally Omitted]. (f)

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Capital Southwest Corp)

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