Common use of Mandatory Clause in Contracts

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.

Appears in 61 contracts

Samples: Credit Agreement (Greif Inc), Credit Agreement (Zeta Global Holdings Corp.), Security Agreement (USD Partners LP)

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Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing.

Appears in 21 contracts

Samples: Credit Agreement (Del Monte Foods Co), Credit Agreement (Michael Foods Inc/New), Credit Agreement (Michael Foods Inc/New)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.

Appears in 15 contracts

Samples: Credit Agreement (Advanced Energy Industries Inc), Credit Agreement (DineEquity, Inc), Credit Agreement (Amylin Pharmaceuticals Inc)

Mandatory. (i) The aggregate Term Commitments under any Term Facility shall be automatically and permanently reduced to zero on the date of the a Term Borrowing under such Term Facility (after giving effect to such Term Borrowing).

Appears in 9 contracts

Samples: Credit Agreement (Alliant Techsystems Inc), Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.)

Mandatory. (i) The aggregate Term Commitments under the Initial Term Facility and any Incremental Term Facility shall be automatically and permanently reduced to zero on the date of the applicable Term Borrowing.

Appears in 8 contracts

Samples: Credit Agreement (Madison Square Garden Co), Credit Agreement (Madison Square Garden Entertainment Corp.), Credit Agreement (Madison Square Garden Entertainment Corp.)

Mandatory. (i) The aggregate Term Loan Commitments shall be automatically and permanently reduced to zero on the date of the Term Loan Borrowing.

Appears in 6 contracts

Samples: Assignment and Assumption (Diamond Foods Inc), Credit Agreement (Swift Transportation Co), Credit Agreement (Main Street Acquisition CORP)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowing after giving effect thereto.

Appears in 6 contracts

Samples: Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust), Assignment and Assumption (Acadia Realty Trust)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowing after giving effect thereto.

Appears in 6 contracts

Samples: Assignment and Assumption (Apple Hospitality REIT, Inc.), Credit Agreement (CIM Commercial Trust Corp), Credit Agreement (CIM Commercial Trust Corp)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero immediately following the Term Borrowing on the date of the Term BorrowingClosing Date.

Appears in 5 contracts

Samples: Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Integra Lifesciences Holdings Corp)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on after the date making of the Term Borrowing, if any, on the Closing Date.

Appears in 5 contracts

Samples: First Lien Credit Agreement (Evoqua Water Technologies Corp.), First Lien Credit Agreement (Evoqua Water Technologies Corp.), Intellectual Property Security Agreement (EWT Holdings I Corp.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on after the date making of the Term Borrowing, if any, on the Closing Date.

Appears in 4 contracts

Samples: Intellectual Property Security Agreement (GMS Inc.), Intellectual Property Security Agreement (GMS Inc.), Assignment and Assumption (At Home Group Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date Closing Date upon the funding of the Term BorrowingLoans under the Term Facility.

Appears in 3 contracts

Samples: Credit Agreement (RigNet, Inc.), Credit Agreement (RigNet, Inc.), Credit Agreement (RigNet, Inc.)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero after giving effect to the Term A Loans borrowed (if any) on the date of the Term BorrowingClosing Date.

Appears in 3 contracts

Samples: Credit Agreement (MGM Growth Properties LLC), Credit Agreement (MGM Growth Properties Operating Partnership LP), Credit Agreement (MGM Growth Properties Operating Partnership LP)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.

Appears in 3 contracts

Samples: Amended and Restated Credit Agreement (Monster Worldwide Inc), Credit Agreement (Monster Worldwide, Inc.), Credit Agreement (Monster Worldwide, Inc.)

Mandatory. (i) The aggregate Term Commitments in respect of the Initial Term Loans shall be automatically and permanently reduced to zero (0) on the date of the Term BorrowingBorrowing of the Initial Term Loans.

Appears in 3 contracts

Samples: Credit Agreement (DHX Media Ltd.), First Lien Credit Agreement (Keyw Holding Corp), Credit Agreement (Keyw Holding Corp)

Mandatory. (i) The aggregate Term Commitments under each Term Facility shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowings in respect of such Facility.

Appears in 3 contracts

Samples: Reaffirmation Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of of, and after giving effect to, the Term Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Helix Energy Solutions Group Inc), Credit Agreement (Cal Dive International, Inc.), Credit Agreement (Helix Energy Solutions Group Inc)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero following the funding of the entire Term Loan on the date of the Term BorrowingClosing Date.

Appears in 3 contracts

Samples: Credit Agreement (Tile Shop Holdings, Inc.), Credit Agreement (Tile Shop Holdings, Inc.), Credit Agreement (Tile Shop Holdings, Inc.)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero (0) on the date of the Term A Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Ichor Holdings, Ltd.), Credit Agreement (Ichor Holdings, Ltd.)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on upon the date funding of the Term BorrowingA Commitments on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (On Assignment Inc), Credit Agreement (On Assignment Inc)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of of, and after giving effect to, the Term Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.. 2.07

Appears in 2 contracts

Samples: Credit Agreement (Helen of Troy LTD), Credit Agreement (Mueller Industries Inc)

Mandatory. (i) The aggregate Term Commitments under the Term Facility shall be automatically and permanently reduced to zero on the date of the Borrowings in respect of such Term BorrowingFacility.

Appears in 2 contracts

Samples: Credit Agreement (Neustar Inc), Credit Agreement (Neustar Inc)

Mandatory. (i) The aggregate Total Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (National Financial Partners Corp), Credit Agreement (National Financial Partners Corp)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of immediately after the Term A Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (MSCI Inc.), Credit Agreement (MSCI Inc.)

Mandatory. (i) The then-existing aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the each Term A Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Government Properties Income Trust), Pledge Agreement (Government Properties Income Trust)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on immediately after the date funding of the Term BorrowingLoan on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)

Mandatory. (i) i. The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (United Components Inc), Credit Agreement (NV5 Global, Inc.)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing, which shall be no later than the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Acco Brands Corp), Credit Agreement (Post Holdings, Inc.)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date Amendment No. 3 Effective Date upon the Borrowing of the Term BorrowingA Loans on such date.

Appears in 2 contracts

Samples: Credit Agreement (TreeHouse Foods, Inc.), Credit Agreement (TreeHouse Foods, Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero upon the Term Borrowing on the date of the Term BorrowingClosing Date.

Appears in 2 contracts

Samples: Credit Agreement (Toro Co), Credit Agreement (Toro Co)

Mandatory. (i) The aggregate Company Term Commitments shall be automatically and permanently reduced to zero on the date of the Company Term Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Amerigon Inc), Credit Agreement (GENTHERM Inc)

Mandatory. (i) The aggregate Term Commitments under each Term Facility shall be automatically and permanently reduced to zero on the date of the Borrowings in respect of such Term BorrowingFacility.

Appears in 2 contracts

Samples: Credit Agreement (Capmark Financial Group Inc.), Credit Agreement (Capmark Finance Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowing made on the Eighth Amendment Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Team Inc), Credit Agreement (Team Inc)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero following the Term Borrowing to occur on the date of the Term BorrowingClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Mission Produce, Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of of, and immediately after giving effect to, the Term Borrowing.. (c)

Appears in 1 contract

Samples: Credit Agreement (Idex Corp /De/)

Mandatory. (i) 2.04. The aggregate Term Commitments of any Term Facility shall be automatically and permanently reduced to zero on the date of the Borrowings under the such Term BorrowingFacility.

Appears in 1 contract

Samples: Security Agreement (Ciena Corp)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on upon the date funding of the Term BorrowingLoan Advance.

Appears in 1 contract

Samples: Credit Agreement (TopBuild Corp)

Mandatory. (i) i. The aggregate Term Commitments shall be automatically and permanently reduced to zero (0) on the date of the Borrowing of the Term BorrowingLoan.

Appears in 1 contract

Samples: Credit Agreement (Tilray Brands, Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the earlier to occur of (A) the date of the Term BorrowingBorrowing and (B) the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Tribune Publishing Co)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the funding of the Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (GTT Communications, Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.; or

Appears in 1 contract

Samples: Credit Agreement (Saga Communications Inc)

Mandatory. (i) The aggregate Term Commitments shall be reduced to zero automatically and permanently reduced to zero on the date Restatement Effective Date (and immediately following the funding of the Term BorrowingCommitments on such date).

Appears in 1 contract

Samples: Assignment and Assumption (American Assets Trust, Inc.)

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Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of immediately after the Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (MSCI Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of immediately following the Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Integra Lifesciences Holdings Corp)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on after the date making of the Term Borrowing, if any, on the Fourth Amendment Effective Date.

Appears in 1 contract

Samples: First Lien Credit Agreement (GMS Inc.)

Mandatory. (i) The aggregate Term Commitments under each Term Facility shall be automatically and permanently reduced to zero on the date of the Borrowings in respect of such Term BorrowingFacility.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Sealed Air Corp/De)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the earlier to occur of (A) the date of the Term BorrowingBorrowing and (B) the Termination Date.

Appears in 1 contract

Samples: Assignment and Assumption (Tribune Media Co)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the funding of the Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (GT Advanced Technologies Inc.)

Mandatory. (i) The aggregate Acquisition Term Commitments shall be automatically and permanently reduced to zero on the date of the Acquisition Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Trecora Resources)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date Restatement Date upon the Borrowing of the Term BorrowingA Loans on such date.

Appears in 1 contract

Samples: Credit Agreement (TreeHouse Foods, Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the earlier to occur of (A) date of the Term Borrowing, and (B) the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Rapid Roaming Co)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingFunding Date.

Appears in 1 contract

Samples: Credit Agreement (Ashland Inc.)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing, which shall be on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Healthequity, Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on upon the date making of the Term BorrowingLoans.

Appears in 1 contract

Samples: Credit Agreement (Equinix Inc)

Mandatory. (i) The aggregate Term A-1 Commitments and the aggregate Term A-2 Commitments shall each be automatically and permanently reduced to zero on the date of the applicable Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Greif Inc)

Mandatory. (i) i. The aggregate Term A-1 Commitments and the aggregate Term A-2 Commitments shall each be automatically and permanently reduced to zero on the date of the applicable Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Greif, Inc)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowing and after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Getty Realty Corp /Md/)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date Closing Date upon the funding of the initial Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Colfax CORP)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing, subject however to Section 2.14.

Appears in 1 contract

Samples: Credit Agreement (Azz Inc)

Mandatory. (i) The aggregate Term Commitments under anythe Term Facility shall be automatically and permanently reduced to zero on the date of the a Term Borrowing under suchthe Term Facility (after giving effect to such Term Borrowing).

Appears in 1 contract

Samples: Credit Agreement (Vista Outdoor Inc.)

Mandatory. (i) The aggregate U.S. Term Commitments shall be automatically and permanently reduced to zero on the date of the U.S. Term BorrowingBorrowings.

Appears in 1 contract

Samples: Credit Agreement (Quaker Chemical Corp)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of immediately after making the Term BorrowingAdvances.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

Mandatory. (i) The aggregate Aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of immediately following the Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Integra Lifesciences Holdings Corp)

Mandatory. (i) The aggregate Initial Term Commitments shall be automatically and permanently reduced to zero on the date of the Initial Term Borrowing, which shall be on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Yesway, Inc.)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero following the Term A Borrowing to occur on the date of the Term BorrowingClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Meet Group, Inc.)

Mandatory. (i) i.The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Lydall Inc /De/)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowing.[Intentionally Omitted.]

Appears in 1 contract

Samples: Credit Agreement (Armstrong Flooring, Inc.)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of immediately following the Term Borrowing.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Darden Restaurants Inc)

Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date Restatement Effective Date upon the funding of the Term A Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Green Mountain Coffee Roasters Inc)

Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero immediately following the Term Borrowing on the date of the Term BorrowingClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Integra Lifesciences Holdings Corp)

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