Common use of Mandatory Reduction of Commitments Clause in Contracts

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October 31, 1997 unless the Effective Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Dominicks Supermarkets Inc), Pledge Agreement (Pool Energy Services Co)

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Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each BankBank with such a Commitment) shall terminate in their entirety on October 31August 3, 1997 1999 unless the Restatement Effective Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Reckson Services Industries Inc), And Assumption Agreement (Vantas Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the C Term Loan Commitment and B Revolving Loan Commitment of each BankBank with such a Commitment) shall terminate in their its entirety on October 31June 15, 1997 2000 and the Second Amended and Restated Credit Agreement shall continue in effect unless the Third Restatement Effective Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Frontline Capital Group), Credit Agreement (Hq Global Holdings Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitments (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October January 31, 1997 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Doubletree Corp), Pledge Agreement (Doubletree Corp)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October December 31, 1997 1996 unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 2 contracts

Samples: Credit Agreement (H-R Window Supply Inc), Credit Agreement (Atrium Companies Inc)

Mandatory Reduction of Commitments. (a) The Unless the Restatement Effective Date shall have occurred on or before February 28, 1997, the Total Revolving Commitment (and the Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October 31, 1997 unless the Effective Date has occurred on or before such dateits entirety.

Appears in 1 contract

Samples: Credit Agreement (Chancellor Broadcasting Co /De/)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October March 31, 1997 1998 unless the Restatement Effective Date has occurred on or before such date, and in the event of such termination this Agreement shall cease to be of any force or effect and the Original Credit Agreement shall continue to be effective, as the same may have been, or may thereafter be, amended, modified or supplemented from time to time.

Appears in 1 contract

Samples: Sitel Corp

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Term Loan Commitment and Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October 31July 7, 1997 unless the Third Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Furniture Brands International Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan ---------------------------------- Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their its entirety on October 31August 15, 1997 2000 unless the Effective Date has occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Nm Licensing LLC)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitments (and the Tranche A Term Loan Commitment, the Tranche C Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October 31January 15, 1997 1998 and the Original Credit Agreement shall continue in effect unless the Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Fairchild Semiconductor Corp)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitments (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their entirety on October 31November 30, 1997 1999 unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Southwest General Hospital Lp

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Term Loan Commitment (and the Revolving Loan Commitment of each BankBank with such a Commitment) shall terminate in their entirety on October December 31, 1997 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Scovill Holdings Inc)

Mandatory Reduction of Commitments. (a) The Unless the Second Restatement Effective Date shall have occurred on or before July 31, 1997, the Total Revolving Commitment (and the Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October 31, 1997 unless the Effective Date has occurred on or before such dateits entirety.

Appears in 1 contract

Samples: Credit Agreement (Chancellor Radio Broadcasting Co)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Term Loan Commitment (and the Revolving Loan Commitment of each BankBank with such a Commitment) shall terminate in their entirety on October 31May 15, 1997 1998 unless the Restatement Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Golden Sky Systems Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitments (and the Term Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their entirety on October 31September 15, 1997 1999 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Too Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment Commitments (and the Revolving First Priority Term Loan Commitment and the Second Priority Term Loan Commitment of each BankLender) shall terminate in their its entirety on October 31March 14, 1997 2003, unless the Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: General Maritime Corp/

Mandatory Reduction of Commitments. (a) The Total Revolving Commitments (and the Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October December 31, 1997 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Omniquip International Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October 31December 15, 1997 1994 unless the Restatement Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Staff Leasing Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment ---------------------------------- (and the Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October December 31, 1997 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Alliance Imaging of Michigan Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October July 31, 1997 1998 and the Existing Credit Agreement shall continue in effect (in accordance with its terms) unless the Fourth Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Furniture Brands International Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their its entirety on October March 31, 1997 1998 unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Tekni Plex Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the A Term Loan Commitment, the B Term Loan Commitment (and the Revolving Loan Commitment of each BankBank with such a Commitment) shall terminate in their entirety on October 31June 30, 1997 2000 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Ubiquitel Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitments (and the A Term Loan Commitment, the B Term Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their entirety on October 31April 15, 1997 2001 unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Pledge and Security Agreement (Flowers Foods Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment (and the Revolving Loan Commitment of each BankLender with such a Commitment) shall terminate in their its entirety on October 31April 30, 1997 2003 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Dole Food Company Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Term Loan Commitment, the Revolving Loan Commitment and the Capital Expenditure Loan Commitment of each BankBank with such a Commitment) shall terminate in their entirety on October 31March 28, 1997 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Moovies Inc)

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Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment and Swingline Commitment of each Bank) shall terminate in their its entirety on October 31August 30, 1997 1996 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Chartwell Leisure Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, the B Term Loan Commitment, the Revolving Loan Commitment and the Capital Expenditure Loan Commitment of each BankBank with such a Commitment) shall terminate in their entirety on October March 31, 1997 1998 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Video Update Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitments (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October 31April 2, 1997 unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (FSC Semiconductor Corp)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment ---------------------------------- (and the Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each BankBank with such a Commitment) shall terminate in their entirety on October 31November 15, 1997 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Physician Health Corp)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment ---------------------------------- (and the Tranche A Term Loan Commitment and Revolving Loan Commitment of each BankBank with such a Commitment) shall terminate in their its entirety on October 31June 30, 1997 1999 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Building One Services Corp)

Mandatory Reduction of Commitments. (a) The Total Revolving ---------------------------------- Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their entirety on October January 31, 1997 1999 unless the Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Sylvan Learning Systems Inc)

Mandatory Reduction of Commitments. (a) The Unless the Restatement Effective Date shall have occurred on or before August 31, 1997, the Total Revolving Loan Commitment (and the Term Loan Commitment and Revolving Loan Commitment of each Bank) shall terminate in their entirety on October 31, 1997 unless the Effective Date has occurred on or before such dateits entirety.

Appears in 1 contract

Samples: Credit Agreement (Capstar Radio Broadcasting Partners Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their its entirety on October 31December 14, 1997 2015, unless the Effective Date has occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Mobile Mini Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October December 31, 1997 1996 and the Original Credit Agreement shall continue in effect unless the Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Security Agreement (Howmet Corp /New/)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Tranche B Term Loan Commitment, the Tranche C Term Loan Commitment and the Credit- Linked Commitment of each BankLender with such a Commitment) shall terminate in their its entirety on October 31April 12, 1997 2006, unless the Restatement Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Dole Food Company Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the B Term Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their its entirety on October August 31, 1997 2003 unless the Effective Escrow Release Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Moore Corporation LTD)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment ---------------------------------- (and the Term Loan Commitment and Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October 31July 15, 1997 1999 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Pacer Express Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bankof the Banks) shall terminate in their entirety on October 31September 30, 1997 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: Pledge Agreement (Sky Chefs Argentine Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Term Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in their its entirety on October 31February 15, 1997 1996 unless the Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Interco Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Commitment (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in their its entirety on October August 31, 1997 2000 unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Tekni Plex Inc)

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