Common use of Mandatory Reduction of Commitments Clause in Contracts

Mandatory Reduction of Commitments. The Initial Term Loan Commitment of each Lender shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 5 contracts

Samples: Credit Agreement (J.Jill, Inc.), Loan Credit Agreement (J.Jill, Inc.), Loan Credit Agreement (J.Jill, Inc.)

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Mandatory Reduction of Commitments. The Initial Term Loan Commitments (and the Initial Loan Commitment of each Lender Lender) shall terminate permanently in its entirety on the Closing Effective Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 2 contracts

Samples: Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.), Intercreditor Agreement (AdvancePierre Foods Holdings, Inc.)

Mandatory Reduction of Commitments. The Initial Term Loan Commitment of each Lender shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 1 contract

Samples: Joinder Agreement (Informatica Inc.)

Mandatory Reduction of Commitments. (a) The Total Initial Term Loan Commitment (and the Initial Loan Commitment of each Lender Lender) shall terminate permanently in its entirety on the Closing Date or Restatement Date, as applicable (after giving effect to the incurrence of the Initial Term Loans on such datedates).

Appears in 1 contract

Samples: Credit Agreement (HUGHES Telematics, Inc.)

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Mandatory Reduction of Commitments. (a) The Total Initial Term Loan Commitment (and the Initial Loan Commitment of each Lender Lender) shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such datedates).

Appears in 1 contract

Samples: Credit Agreement (HUGHES Telematics, Inc.)

Mandatory Reduction of Commitments. (a) The Initial Term Loan Commitment of each Lender shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ancestry.com LLC)

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