Common use of Reduction of Commitments Clause in Contracts

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c), the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(b)(ii) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.11 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(b)(ii) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion, subject to Section 2.14(a)(ii).

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(b)(iii) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(b)(iii) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion, subject to Section 2.16(a)(ii).

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders provided in their sole discretionSection 2.10(a).

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to first, make a prepayment in respect of the outstanding amount of the Advances to and second, deposit funds into the Cash Collateral Account the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and reduced. (Bii) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c), the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances Loans to the extent, if any, that the aggregate unpaid principal amount of all Advances Loans plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d) shall be applied to the Advances Loans as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. . (ii) Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. . (ii) Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (Ai) the aggregate Commitments, as so reduced reduced, and (Bii) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c), the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(b) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(b) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders provided in their sole discretionSection 2.10(a).

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment in respect of Advances under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.6, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Revolving Loan Advances to the extent, if any, that the aggregate unpaid principal amount of all Revolving Loan Advances plus the Letter of Credit Exposure exceeds the lesser of (Ai) the aggregate Commitments, as so reduced and (Bii) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.7(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.17 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.7(c) shall be applied to the Revolving Loan Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Revolving Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders provided in their sole discretionSection 2.10(a).

Reduction of Commitments. On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. Each prepayment pursuant to this Section 2.5(d2.05(b)(iii) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(b)(iii) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion, subject to Section 2.15(c).

Reduction of Commitments. (i) On the date of each reduction of the aggregate Commitments pursuant to Section 2.1(c)2.04, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the aggregate Commitments, as so reduced reduced, and (B) the Borrowing Base. . (ii) Each prepayment pursuant to this Section 2.5(d2.05(c) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 2.12 as a result of such prepayment being made on such date. Each prepayment under this Section 2.5(d2.05(c) shall be applied to the Advances as determined by the Administrative Agent and agreed to by the Lenders in their sole discretion.. 38