Common use of Optional Reduction and Termination of Commitments Clause in Contracts

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Date upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 2 contracts

Samples: Credit Agreement (Rotech Healthcare Holdings Inc.), Credit Agreement (Rotech Healthcare Holdings Inc.)

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Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on Upon the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Date upon the making funding of the Term Loan A pursuant to Section 2.5on the Closing Date, all Term Loan Commitments shall terminate whether or not the full amount of the Term Loan Commitments are funded on such date.

Appears in 2 contracts

Samples: And Term Loan Agreement (E.W. SCRIPPS Co), And Term Loan Agreement (Scripps E W Co /De)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Date upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 2 contracts

Samples: Credit Agreement (Cross Country Healthcare Inc), Credit Agreement (Cross Country Healthcare Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments in effect on the Closing Date shall terminate on the Effective Date upon the making of the Term Loan A Loans pursuant to Section 2.5.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Fox Factory Holding Corp), Revolving Credit and Term Loan Agreement (Fox Factory Holding Corp)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.5.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (PRGX Global, Inc.), Revolving Credit and Term Loan Agreement (PRGX Global, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.2.

Appears in 2 contracts

Samples: Credit Agreement (Harland John H Co), Credit Agreement (Harland John H Co)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments (including the LC Commitments and LC Commitments the Swingline Commitment) shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term A Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.6.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 2 contracts

Samples: Credit Agreement (Biote Corp.), Credit Agreement (Primo Water Corp)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.5 (other than any Term Loan Commitments with respect to the Incremental Term Loans made under Section 2.23 which shall terminate in accordance with the terms thereof).

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Catalyst Health Solutions, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments in effect on the Closing Date shall terminate on the Effective Date upon the making of the Term Loan A Loans pursuant to Section 2.52.6.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Aaron's Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments as of the Closing Date shall terminate on the Effective Date Closing Date, and any additional Term Loan Commitments pursuant to Section 2.23 shall terminate upon the effectiveness of any supplement or joinder executed pursuant thereto, in each case upon the making of the Term Loan A Loans pursuant to Section 2.5.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Easylink Services International Corp)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments Commitment of each Lender shall terminate be automatically and permanently reduced to zero on the Effective Closing Date upon (after giving effect to the making incurrence of the Term Loan A pursuant to Section 2.5Loans on such date).

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Amneal Pharmaceuticals, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate terminated on the Effective Original Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.5(a).

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Catalyst Health Solutions, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments as of the Closing Date shall terminate on the Effective Date Closing Date, and any additional Term Loan Commitments pursuant to Section 2.23 shall terminate upon the effectiveness of any supplement or joinder executed pursuant thereto, in each case upon the making of the such Term Loan A Loans pursuant to Section 2.5.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Easylink Services International Corp)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.6.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Healthways, Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Fifth Restatement Date upon the making of the Term Loan A Loans pursuant to Section 2.52.6.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Healthways, Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Extended Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital RevolvingExtended Revolving Commitment Termination Date. Unless previously terminated, Date and all Acquisition Non-Extended Revolving Commitments shall terminate on the Acquisition Revolving Non-Extended Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Fifth Restatement Date upon the making of the Term Loan A Loans pursuant to Section 2.52.6.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Healthways, Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminatedExcept as otherwise provided in Section 2.23, all Acquisition Revolving the Initial Term Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 1 contract

Samples: First Lien Credit Agreement (EVO Payments, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Initial Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Initial Term Loan A Loans pursuant to Section 2.5.

Appears in 1 contract

Samples: Credit Agreement (OneWater Marine Inc.)

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Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date, except that the Swingline Commitment shall terminate on the Swingline Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.7.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (First Acceptance Corp /De/)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate in effect on the Effective Closing Date terminated on the Closing Date upon the making of the initial Term Loan A pursuant to Section 2.5.

Appears in 1 contract

Samples: Credit Agreement (Aaron's Company, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital the Revolving Commitments, Swingline Commitments and LC Commitments Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments and the Term Loan Commitment shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A pursuant to Section 2.52.3.

Appears in 1 contract

Samples: Credit Agreement (Issuer Direct Corp)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, terminated (i) all Working Capital Revolving Commitments, the Swingline Commitments Commitment and the LC Commitment shall terminate on the Revolving Commitment Termination Date and (ii) the A-4 Term Loan Commitments shall terminate on the Working Capital Revolving Commitment Termination Closing Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Date upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 1 contract

Samples: Credit Agreement (Community Healthcare Trust Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminatedExcept as provided in Section 2.24, all Acquisition Revolving the Term Loan Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Date upon the making of the Term Loan A pursuant to Section 2.5Loans on the Closing Date.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (JTH Holding, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Date upon the making of the Term Loan A Loans pursuant to Section 2.52.7.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (American Healthways Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments the Swingline Commitment shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate in effect on the Effective Date shall terminate upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 1 contract

Samples: Agreement (Aaron's Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date, except that the Swingline Commitment shall terminate on the Swingline Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.6.

Appears in 1 contract

Samples: Loan and Security Agreement (NCI, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminatedExcept as otherwise provided in Section 2.23, all Acquisition Revolving the Term Loan Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 1 contract

Samples: Credit Agreement (EVO Payments, Inc.)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.52.4.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Fpic Insurance Group Inc)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Commitments (including the Swingline Commitments Commitment and the LC Commitments Commitment) shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Closing Date upon the making of the Term Loan A Loans pursuant to Section 2.5.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (FGX International Holdings LTD)

Optional Reduction and Termination of Commitments. (a) Unless previously terminated, all Working Capital Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Working Capital Revolving Commitment Termination Date. Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date. The Term Loan A Commitments shall terminate on the Effective Funding Date upon the making of the Term Loan A pursuant to Section 2.5.

Appears in 1 contract

Samples: Credit Agreement (BioTelemetry, Inc.)

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