Common use of Reductions in General Clause in Contracts

Reductions in General. Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender’s Revolving Credit Commitment Amount by an amount equal to such Lender’s Commitment Percentage of such reduction. Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount, the Borrower shall pay the Facility Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.

Appears in 4 contracts

Samples: Credit Agreement (KOHLS Corp), Credit Agreement (KOHLS Corp), Credit Agreement (KOHLS Corp)

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Reductions in General. Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender’s 's Revolving Credit Commitment Amount by an amount equal to such Lender’s 's Commitment Percentage of such reduction. Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount, the Borrower shall pay the Facility Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.

Appears in 2 contracts

Samples: Credit Agreement (Kohls Corporation), Day Credit Agreement (Kohls Corporation)

Reductions in General. Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender’s 's Revolving Credit Commitment Amount by an amount equal to such Lender’s 's Commitment Percentage of such reduction. Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount, the Borrower shall pay the Facility Commitment Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.

Appears in 1 contract

Samples: Credit Agreement (Camco International Inc)

Reductions in General. Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender’s 's Revolving Credit Commitment Amount by an amount equal to such Lender’s 's Commitment Percentage of such reduction. Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount, the Borrower shall pay the Facility Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.

Appears in 1 contract

Samples: Credit Agreement (Valmont Industries Inc)

Reductions in General. Each reduction of the Aggregate Revolving --------------------- Credit Commitment Amount shall be made by reducing each Lender’s 's Revolving Credit Commitment Amount by an amount equal to such Lender’s 's Commitment Percentage of such reduction. Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount, the Borrower shall pay the Facility Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.

Appears in 1 contract

Samples: Credit Agreement (Kohls Corporation)

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Reductions in General. Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender’s Revolving Credit Commitment Amount by an amount equal to such Lender’s Revolving Credit Commitment Percentage of such reduction. Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount, the Borrower shall pay the Facility Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.

Appears in 1 contract

Samples: Credit Agreement (Valmont Industries Inc)

Reductions in General. Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender’s 's Revolving Credit Commitment Amount by an amount equal to such Lender’s 's Commitment Percentage of such reduction. Simultaneously with each reduction of the Aggregate Revolving Credit Commitment AmountAmount under this Section, the Borrower shall pay the Facility Commitment Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Investment Corp)

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