Common use of Automatic Reduction and Termination Clause in Contracts

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

Appears in 3 contracts

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

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

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Blackstone Secured Lending Fund)