Common use of Effect of Termination or Reduction Clause in Contracts

Effect of Termination or Reduction. The Commitments of the Lenders once terminated or reduced may not be reinstated. Each reduction of the Facility Amount pursuant to this Section 2.06 shall be applied ratably among the Lenders in accordance with their respective Commitments.

Appears in 43 contracts

Samples: Amendment No. 2 to Facility Documents (Blue Owl Technology Income Corp.), Revolving Credit and Security Agreement (Logan Ridge Finance Corp.), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.)

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Effect of Termination or Reduction. The Commitments of the Lenders once terminated or reduced may not be reinstated. Each reduction of the Facility Amount pursuant to this Section 2.06 2.07 shall be applied ratably among the Lenders in accordance with their respective Commitments.

Appears in 8 contracts

Samples: Revolving Credit and Security Agreement (Blackstone Secured Lending Fund), Revolving Credit and Security Agreement (Blackstone Secured Lending Fund), Revolving Credit and Security Agreement (Blackstone Secured Lending Fund)

Effect of Termination or Reduction. The Commitments Total Commitment (and the Commitment of the Lenders each Lender) once terminated or reduced may not be reinstated. Each reduction of the Facility Amount Total Commitment pursuant to this Section 2.06 shall be applied ratably among the Lenders in accordance with their respective Commitments.

Appears in 4 contracts

Samples: Credit and Security Agreement (TPG Specialty Lending, Inc.), Revolving Credit and Security Agreement (TPG Specialty Lending, Inc.), Revolving Credit and Security Agreement (WhiteHorse Finance, LLC)

Effect of Termination or Reduction. The Commitments of the Lenders once terminated or reduced may not be reinstatedreinstated unless by mutual consent. Each reduction of the Facility Commitment Amount pursuant to this Section 2.06 shall be applied ratably among the Lenders in accordance with their respective Commitments.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Compass, Inc.), Revolving Credit and Security Agreement (Compass, Inc.)

Effect of Termination or Reduction. The Commitments of the Lenders once terminated or reduced may not be reinstatedreinstated (other than in connection with a termination of the Reinvestment Period solely in connection with a Specified Key Individual Event). Each reduction of the Facility Amount pursuant to this Section 2.06 shall be applied ratably among the Lenders in accordance with their respective Commitments.

Appears in 1 contract

Samples: Credit and Security Agreement (TICC Capital Corp.)

Effect of Termination or Reduction. The Commitments of the Lenders once terminated or reduced may not be reinstated. Each reduction of the Facility Amount pursuant to this Section 2.06 shall be applied ratably among the Lenders in accordance with their respective Commitments. Section 2.07. Maximum Lawful RateSection 2.07.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.)

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Effect of Termination or Reduction. The Commitments of the Lenders once terminated or reduced may not be reinstated. Each reduction of the Facility Amount pursuant to this Section 2.06 shall be applied ratably among the Lenders in accordance with their respective Commitments.. - 43- 34881204v6 110062879

Appears in 1 contract

Samples: Credit Agreement (Newtek Business Services Corp.)

Effect of Termination or Reduction. The Commitments of the Lenders once terminated or reduced may not be reinstated. Each reduction of the Facility Amount pursuant to this Section 2.06 shall be applied ratably among the Lenders in accordance with their respective Commitments.. 750499896 22723957

Appears in 1 contract

Samples: Credit Agreement (Main Street Capital CORP)

Effect of Termination or Reduction. The Commitments of the Committed Lenders once terminated or reduced may not be reinstatedreinstated unless otherwise approved by the Administrative Agent, the Funding Agents and the Lenders. Each termination or reduction of the Facility Commitment Amount pursuant to this Section 2.06 2.05 shall be applied ratably among the Committed Lenders in accordance with their respective Commitments.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (ACV Auctions Inc.)

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