Commitment Reduction. Pursuant to Section 2.12 of the Credit Agreement, the Borrower is irrevocably reducing the Revolving Credit Commitments by $11,000,000 as of the Seventh Amendment Effective Date. The Administrative Agent and Lenders acknowledge and agree that this reduction shall satisfy the Revolving Credit Commitment reduction requirements of Section 2.12(iv) of the Credit Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Royal Energy Resources, Inc.), Credit Agreement (Rhino Resource Partners LP), Credit Agreement