Common use of Reduction of Available Commitment Clause in Contracts

Reduction of Available Commitment. If a Bank's Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then the amount of that Advance shall be reduced accordingly.

Appears in 4 contracts

Samples: Credit Agreement (NTL Inc/De/), Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Communications Corp)

AutoNDA by SimpleDocs

Reduction of Available Commitment. If a the Bank's ’s Available Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then the amount of that such Advance shall be reduced accordingly.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Reduction of Available Commitment. If a Bank's Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an a Revolving Advance and such reduction was not taken into account in the Available Facility, then the amount of that Revolving Advance shall be reduced accordingly.

Appears in 2 contracts

Samples: Credit Agreement (NTL Inc/De/), Credit Agreement (NTL Delaware Inc)

Reduction of Available Commitment. If a Bank's Available Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Agreement (Koninklijke Numico Nv)

Reduction of Available Commitment. If a Bank's Available Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available FacilityAdvance, then the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Term Loan Agreement (Arco Chemical Co)

Reduction of Available Commitment. If a Bank's Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Credit Agreement (United Pan Europe Communications Nv)

Reduction of Available Commitment. If a Bank's the Available Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the receives a Notice of Drawdown for an Advance Drawing and such reduction was not taken into account in the calculation of the Available Facility, Commitment then the amount of that the Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Chartered Semiconductor Manufacturing LTD

Reduction of Available Commitment. If a Bank's Available Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an the Advance and such reduction was not taken into account in the Available Facility, then the amount of that the Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Term Facility Agreement (Zindart LTD)

Reduction of Available Commitment. If a Bank's Available Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available FacilityAdvance, then the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

AutoNDA by SimpleDocs

Reduction of Available Commitment. If a Bank's ’s Available Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Facility Agreement (Micron Technology Inc)

Reduction of Available Commitment. If a Bank's Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available FacilityAdvance, then the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Agreement (Central European Media Enterprises LTD)

Reduction of Available Commitment. If a Bank's ’s Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available FacilityAdvance, then the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Agreement (Teekay Shipping Corp)

Reduction of Available Commitment. If a Bank's Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown (but before the Utilisation Date) for an Advance or a Letter of Credit, and such reduction was not taken into account in the Available Facility, Facility then the amount of that Advance or Letter of Credit shall be reduced accordingly.

Appears in 1 contract

Samples: Facility Agreement (Primacom Ag)

Reduction of Available Commitment. If a Bank's Commitment is reduced in accordance with the terms hereof after the Administrative Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then both the Original Dollar Amount and the amount of that Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Gulfmark Offshore Inc

Time is Money Join Law Insider Premium to draft better contracts faster.