Common use of Mandatory Adjustments of Commitments, etc Clause in Contracts

Mandatory Adjustments of Commitments, etc. (a) The Total Commitment shall terminate on the earlier of (i) the Maturity Date and (ii) unless the Required Banks otherwise consent, the date on which any Change of Control occurs.

Appears in 2 contracts

Samples: Credit Agreement (Diamond Offshore Drilling Inc), Credit Agreement (Noble Drilling Corp)

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Mandatory Adjustments of Commitments, etc. (a) The Total Commitment shall terminate on the earlier of (i) the Maturity Date and (ii) unless the Required Banks Lenders otherwise consent, the date on which any Change of Control occurs.

Appears in 1 contract

Samples: Credit Agreement (Noble Drilling Corp)

Mandatory Adjustments of Commitments, etc. (a) The Total Commitment shall terminate on the earlier of (i) the Maturity Date and Date, (ii) February 28, 1998, unless the Effective Date has occurred on or before such date, (iii) unless the Required Banks otherwise consent, the date on which any Change of Control occursoccurs and (iv) the date upon which long term financing for the Drillship is obtained.

Appears in 1 contract

Samples: Credit Agreement (R&b Falcon Corp)

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Mandatory Adjustments of Commitments, etc. (a) a The Total Commitment shall terminate on the earlier of (i) the Maturity Date, (ii) July 31, 1997, unless the Restatement Effective Date has occurred on or before such date and (iiiii) unless the Required Banks otherwise consent, the date on which any Change of Control occurs.

Appears in 1 contract

Samples: Credit Agreement (R&b Falcon Corp)

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