Common use of Automatic Reduction and Termination Clause in Contracts

Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.

Appears in 20 contracts

Samples: Credit and Security Agreement (Blue Owl Technology Income Corp.), Credit and Security Agreement (Saratoga Investment Corp.), Credit and Security Agreement (SLR Private Credit BDC II LLC)

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Automatic Reduction and Termination. The Subject to the provisions of Section 8.04, the Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.

Appears in 12 contracts

Samples: Credit Agreement (Main Street Capital CORP), Credit and Security Agreement (Main Street Capital CORP), Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.)

Automatic Reduction and Termination. (i) The Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.

Appears in 6 contracts

Samples: Credit and Security Agreement (Diameter Credit Co), Credit and Security Agreement (Cim Real Estate Finance Trust, Inc.), Credit and Security Agreement (CION Investment Corp)

Automatic Reduction and Termination. The Subject to the provisions of Section 8.04, the Commitments of all Lenders each Lender shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.

Appears in 3 contracts

Samples: Credit and Security Agreement (Blackstone Secured Lending Fund), Credit and Security Agreement (Blackstone Secured Lending Fund), Credit and Security Agreement (Blackstone / GSO Secured Lending Fund)

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Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.. (b)

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit Agreement (Newtek Business Services Corp.)

Automatic Reduction and Termination. The Subject to the provisions of Section 8.04, the Commitments of all Lenders Lenderseach Lender shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Blackstone Secured Lending Fund)

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