Common use of Total Maximum Commitment After Extension Clause in Contracts

Total Maximum Commitment After Extension. If the Commitment Termination Date is extended pursuant to Section 2.3.1, the Total Maximum Commitment and the Total Revolving Commitments shall be permanently reduced (such reduction permanently reducing the amount resulting from each calculation of the Total Maximum Commitment and the Total Revolving Commitments thereafter) by an amount equal to the sum of the Commitments and the Revolving Commitments, respectively, of each Withdrawing Lender that has not assigned its Loans and Commitments in accordance with Section 2.3.4 on or prior to the Scheduled Commitment Termination Date (without giving effect to any extension).

Appears in 5 contracts

Samples: Credit Agreement (Special Value Continuation Partners, LP), Credit Agreement (Special Value Opportunities Fund LLC), Credit Agreement (Tennenbaum Opportunities Partners V, LP)

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