Common use of Reduction Pro Rata; No Reinstatements Clause in Contracts

Reduction Pro Rata; No Reinstatements. Each reduction of the Commitments shall be applied to the respective Commitments of the Lenders according to their respective Pro Rata Shares. Commitments once terminated or reduced may not be reinstated.

Appears in 18 contracts

Samples: Credit Agreement (Golden State Water CO), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

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Reduction Pro Rata; No Reinstatements. Each reduction of the Commitments under a Facility shall be applied to the respective Commitments of the relevant Lenders according to their respective Pro Rata SharesShares of such Facility. Commitments once terminated or reduced may not be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (New Horizons Worldwide Inc), Credit Agreement (Modtech Holdings Inc)

Reduction Pro Rata; No Reinstatements. Each reduction of the Commitments under a Facility shall be applied to the respective Commitments of the relevant Lenders according to their respective Pro Rata SharesShares of the Facility. Commitments once terminated or reduced may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (California Steel Industries Inc)

Reduction Pro Rata; No Reinstatements. Each ------------------------------------- reduction of the Commitments shall be applied to the respective Commitments of the Lenders according to their respective Pro Rata Shares. Commitments once terminated or reduced may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (West Marine Inc)

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Reduction Pro Rata; No Reinstatements. Each reduction of the Commitments under the Facility shall be applied to the respective Commitments of the Lenders according to their respective Pro Rata SharesShares of the Facility. Commitments once terminated or reduced may not be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Keystone Automotive Industries Inc)

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