Common use of Scheduled Reduction Date Clause in Contracts

Scheduled Reduction Date. On or before the Scheduled Reduction Date, the Borrowers shall prepay without further demand all amounts necessary so that the principal balance of Loans outstanding does not exceed the Maximum Commitment as of the Scheduled Reduction Date to the Administrative agent for the benefit of the Lenders.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Overland Advantage), Revolving Credit Agreement (Overland Advantage), Revolving Credit Agreement (Overland Advantage)