Reduction of Available Commitments. The Borrower may terminate the Available Commitment of any Lender that is a Defaulting Lender in accordance with Section 2.08(b).
Reduction of Available Commitments. The Borrower may terminate the Available Commitment of any Lender that is a Defaulting Lender upon not less than three Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 8.16(a)(ii) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, any LC Issuing Bank, or any Lender may have against such Defaulting Lender.
Reduction of Available Commitments. If a Lender's Available Commitments are reduced in accordance with the terms hereof after the Facility Agent has received a Drawdown Request for an Advance and such reduction was not taken into account in the respective Available Facility, then the amount of that Advance shall be reduced accordingly.
Reduction of Available Commitments. While each such Bid Rate Loan is outstanding hereunder, the outstanding principal amount thereof shall reduce correspondingly availability under either or both of (i) the Long Term Revolving Credit Commitment and (ii) the Short Term Revolving Credit Commitment, as applicable, and shall reduce, as to each Bank availability under either or both of (i) that Bank’s Long Term Revolving Credit Commitment or (ii) that Bank’s Short Term Revolving Credit Commitment, as applicable, by an amount equal to such Bank’s Pro Rata share of the aggregate outstanding principal balance of Bid Rate Loans issued by any Bank.
Reduction of Available Commitments. While each such Swingline Loan is outstanding hereunder, the outstanding principal amount thereof shall correspondingly reduce availability first under the Long Term Revolving Credit Commitment and first shall reduce, as to each Lender availability under the Lender's Long Term Revolving Credit Commitment by an amount equal to such Lender's Long Term Revolving Credit Commitment Percentage share of the aggregate outstanding principal balance of Swingline Loans issued by the Agent. If at any time the sum of the Long Term Revolving Credit Loans outstanding plus the Swingline Loans outstanding exceed the Long Term Revolving Credit Commitment, such excess shall correspondingly reduce availability under the Short Term Revolving Credit Commitment and shall reduce, as to each Lender availability under the Lender's Short Term Revolving Credit Commitment by an amount equal to such Lender's Short Term Revolving Credit Commitment Percentage share of such excess.
Reduction of Available Commitments
