Mandatory Reduction of Commitments. (a) The Total Commitment (and the Commitment of each Bank) shall be terminated at 5:00 p.m. (New York time) on the Expiration Date unless the Effective Date has occurred on or before such date.
Appears in 3 contracts
Samples: Credit Agreement (Amerus Group Co/Ia), Credit Agreement (Amerus Life Holdings Inc), Credit Agreement (Amerus Group Co/Ia)
Mandatory Reduction of Commitments. (a) The Total Commitment (and the Commitment of each BankLender) shall be terminated at 5:00 p.m. (New York time) on the Expiration Date unless the Effective Date has occurred on or before such date.
Appears in 2 contracts
Samples: Credit Agreement (Endurance Specialty Holdings LTD), Credit Agreement (Endurance Specialty Holdings LTD)
Mandatory Reduction of Commitments. (a) The Total Commitment Commitments (and each of the Commitment Commitments of each BankLender) shall be terminated terminate in their entirety at 5:00 p.m. (New York time) on the Expiration Date January 29, 2010, unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.
Appears in 2 contracts
Samples: Credit Agreement (Vanguard Health Systems Inc), Credit Agreement (Vanguard Health Systems Inc)
Mandatory Reduction of Commitments. (a) The Total Commitment (and each of the Commitment Commitments of each Bank) shall be terminated terminate in its entirety at 5:00 p.m. 6:00 P.M. (New York time) on the Expiration Date December 15, 1998 unless the Effective Initial Borrowing Date has occurred on or before such date.
Appears in 1 contract
Samples: Credit Agreement (Scot Inc)
Mandatory Reduction of Commitments. (a) The Total Commitment (and the Commitment of each Bank) shall be terminated at 5:00 p.m. (New York time) on the Expiration Date unless the Restatement Effective Date has occurred on or before such date.
Appears in 1 contract
Mandatory Reduction of Commitments. (a) The Total Commitment (and the Term Loan Commitment and Revolving Loan Commitment of each BankLender) shall be terminated at 5:00 p.m. (New York time) on the Expiration Date unless the Effective Date has occurred on or before such date.
Appears in 1 contract
Samples: Credit Agreement (Usi Holdings Corp)
Mandatory Reduction of Commitments. (a) The Total Commitment (and the Commitment of each BankLender) shall be terminated at 5:00 p.m. (New York time) on the Expiration Date and the Original Credit Agreement shall continue in effect unless the Restatement Effective Date has occurred on or before such date.
Appears in 1 contract
Samples: Credit Agreement (Endurance Specialty Holdings LTD)
