Common use of Commitment Reduction Clause in Contracts

Commitment Reduction. The last sentence of Section 2.7(c) of the Credit Agreement is hereby amended to state in its entirety as follows: "Once all of the Term Loans have been paid in full, any prepayment pursuant to this Section 2.7 shall be applied to the Revolving Loans; and the Revolving Loan Commitments shall be correspondingly reduced, except that no reduction of the Revolving Loan Commitments shall result from the issuance of the Senior Unsecured Notes."

Appears in 3 contracts

Sources: Credit Agreement (Nebco Evans Holding Co), Credit Agreement (Ameriserve Food Distribution Inc /De/), Credit Agreement (Ameriserve Food Distribution Inc)