Common use of Reductions in General Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (Robotic Vision Systems Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Yankee Energy System Inc)

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

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Antec Corp)

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

Appears in 1 contract

Samples: Newtek Credit Agreement (Newtek Business Services Corp.)

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