Common use of Sublimits Clause in Contracts

Sublimits. If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 3 contracts

Sources: Credit Agreement (Ixia), Credit Agreement (Ixia), Credit Agreement (Ixia)