Common use of Mandatory Termination or Reduction of Commitments Clause in Contracts

Mandatory Termination or Reduction of Commitments. The Commitments shall terminate on the Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln Electric Co), Credit Agreement (Bemis Co Inc)

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Mandatory Termination or Reduction of Commitments. (a) The Commitments shall terminate on the Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 2 contracts

Samples: Credit Agreement (Litton Industries Inc), Bridge Credit Agreement (Bemis Co Inc)

Mandatory Termination or Reduction of Commitments. (a) The Commitments shall terminate on upon the earlier of (i) the borrowing of the Loans in accordance with Section 2.01 and (ii) the Commitment Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Bridge Credit Agreement (Rockwell Collins Inc)

Mandatory Termination or Reduction of Commitments. (a) The Commitments shall terminate on upon the earlier to occur (i) the borrowing of the Loans in accordance with Section 2.01 and (ii) the Commitment Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Bridge Credit Agreement (Rockwell Collins Inc)

Mandatory Termination or Reduction of Commitments. (a) The Commitments shall terminate on the Termination Date, and any all Loans then outstanding and all Letter of Credit Liabilities (in each case, together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Credit Agreement (Perini Corp)

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Mandatory Termination or Reduction of Commitments. (a) The Commitments shall terminate on the Termination Date, Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Bridge Loan Agreement (Venator Group Inc)

Mandatory Termination or Reduction of Commitments. (a) The Facility A Commitments shall terminate on the Facility A Termination Date, Date and any Facility A Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Papers Inc)

Mandatory Termination or Reduction of Commitments. The Commitments shall terminate on the Termination Date, Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Credit Agreement (Sed International Holdings Inc)

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