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

Mandatory Termination or Reduction of Commitments. (a) The Total Revolving Commitment shall terminate at 5:00 p.m. (New York City time) on the Termination Date.

Appears in 5 contracts

Samples: Credit Agreement (California Resources Corp), Credit Agreement, Credit Agreement (California Resources Corp)

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Mandatory Termination or Reduction of Commitments. (a) The Total Revolving Commitment Commitments of all the Lenders shall automatically terminate at 5:00 p.m. (p.m., New York City time) , on the Termination Final Maturity Date.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Gci Inc), Credit, Guaranty, Security and Pledge Agreement (Gci Inc)

Mandatory Termination or Reduction of Commitments. (a) The Total Revolving Commitment shall terminate at 5:00 p.m. (New York City time) on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Concho Resources Inc)

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Mandatory Termination or Reduction of Commitments. (a) The Total Revolving Commitment shall terminate at 5:00 p.m. (New York City time) on the Termination Date.

Appears in 1 contract

Samples: Pledge Agreement (Roan Resources, Inc.)

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