Common use of Commitment Reduction Clause in Contracts

Commitment Reduction. On the date of a reduction of the Commitment pursuant to Section 2.11 hereof, the aggregate amount of outstanding Revolving Advances in excess of such Commitment as reduced shall be immediately due and payable (which such principal repayments may not be made by means of Refinancing Advances).

Appears in 2 contracts

Samples: Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc)

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Commitment Reduction. On the date of a reduction of the Commitment pursuant to Section 2.11 hereof, the aggregate amount of outstanding Revolving Advances in excess of such Commitment as reduced shall be immediately due and payable, and the aggregate amount of outstanding Swingline Advances in excess of the Swingline Commitment as reduced shall be immediately due and payable (which neither of such principal repayments may not be made by means of Refinancing Advances).

Appears in 1 contract

Samples: Credit Agreement (Telco Communications Group Inc)

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Commitment Reduction. On the date of a reduction of the Commitment pursuant to Section 2.11 hereof, the aggregate amount of outstanding Revolving Advances in excess of such the Commitment as reduced shall in each case be immediately due and payable (which payable. Each such principal repayments repayment may not be made by means of Refinancing Advances).

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International Inc)

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