Common use of Termination and Reduction of Commitments Clause in Contracts

Termination and Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 5 contracts

Samples: Credit Agreement (Boxed, Inc.), Second Lien Credit Agreement (RCS Capital Corp), Credit Agreement (Seven Oaks Acquisition Corp.)

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Termination and Reduction of Commitments. (a) The Term Loan Unless previously terminated, the Commitments shall automatically terminate upon at the making of the Term date on which Loans on the Closing Dateare made.

Appears in 4 contracts

Samples: Assignment and Assumption (Limited Brands Inc), Credit Agreement (Limited Brands Inc), Term Loan Credit Agreement (Limited Brands Inc)

Termination and Reduction of Commitments. (a) (i) (A) The Initial Term Loan Commitments shall automatically terminate upon the making of the Initial Term Loans on the Closing DateEffective Date and (B) the Other Term Loan Commitments of any Class or Series shall automatically terminate upon the making of such Other Term Loans on the applicable Refinancing Effective Date provided in the relevant Refinancing Amendment.

Appears in 4 contracts

Samples: Credit Agreement (Ceridian HCM Holding Inc.), Credit Agreement (Ceridian HCM Holding Inc.), Credit Agreement (Ceridian HCM Holding Inc.)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Initial Term Loan Commitments shall automatically terminate upon the making of the Initial Term Loans on the Closing Date.

Appears in 4 contracts

Samples: Security Agreement (PQ Group Holdings Inc.), Patent Security Agreement (PQ Group Holdings Inc.), First Amendment Agreement (Ecovyst Inc.)

Termination and Reduction of Commitments. (a) The Unless previously terminated, (i) the Initial Term Loan Commitments on the Closing Date shall automatically terminate upon the making of the Initial Term Loans on the Closing Date., (ii) the Initial Term Loan Commitments on the Amendment No. 1 Effective Date shall automatically terminate upon the making of the Amendment No. 1

Appears in 4 contracts

Samples: First Lien Credit Agreement (Isos Acquisition Corp.), First Lien Credit Agreement (Isos Acquisition Corp.), First Lien Credit Agreement (Isos Acquisition Corp.)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Initial Term Loan Commitments on the Closing Date shall automatically terminate upon the making of the Initial Term Loans on the Closing Date.

Appears in 2 contracts

Samples: Intercreditor Agreement (Cotiviti Holdings, Inc.), Intercreditor Agreement (Cotiviti Holdings, Inc.)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Term Loan Commitments Commitment shall automatically terminate upon the making of the Term Loans on the Closing Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Invacare Corp), Credit Agreement (Invacare Corp)

Termination and Reduction of Commitments. (a) The Initial Term Loan Commitments shall automatically terminate upon the making of the Initial Term Loans on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Office Depot Inc), Credit Agreement (Office Depot Inc)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Initial Dollar Term Loan Commitments and the Blocked Dollar Term Commitments shall automatically each terminate upon the making of the Dollar Term Loans on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Tronox LTD), Credit Agreement (Tronox LTD)

Termination and Reduction of Commitments. (a) The Commitments to make a Term Loan Commitments shall automatically terminate upon the making of such Term Loan. The Borrower may terminate this Agreement and the Term Loans on the Closing Date.Commitments hereunder pursuant to Section 3.6. (d)

Appears in 2 contracts

Samples: Credit Agreement (Jushi Holdings Inc.), Credit Agreement (Jushi Holdings Inc.)

Termination and Reduction of Commitments. (a) The Term Commitments (other than any Incremental Commitments, which shall terminate as provided in the related Incremental Loan Commitments Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (Atp Oil & Gas Corp)

Termination and Reduction of Commitments. (a) The Commitment to make a Term Loan Commitments shall automatically terminate upon the making of such Term Loan. Further, Borrower may terminate this Agreement and terminate the Term Loans on the Closing DateCommitments hereunder pursuant to Section 3.6.

Appears in 2 contracts

Samples: Credit Agreement (Acreage Holdings, Inc.), Credit Agreement (Acreage Holdings, Inc.)

Termination and Reduction of Commitments. (a) The Following the making of a Term Loan pursuant to Section 2.01(a), the Term Loan Commitments shall be ratably reduced by an amount equal to such Term Loan and the Term Loan Commitments shall automatically terminate upon on the making second Business Day following the entry of the Term Loans on the Closing DateFinal Order.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (HMH Holdings (Delaware), Inc.), Credit Agreement (HMH Holdings (Delaware), Inc.)

Termination and Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date. The Revolving Credit Commitments and the L/C Commitment shall automatically terminate on the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Laboratory Corp of America Holdings), Credit Agreement (Laboratory Corp of America Holdings)

Termination and Reduction of Commitments. (a) The Immediately following the making of the Term Loan on the Closing Date pursuant to Section 2.01, any undrawn Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Dateterminate.

Appears in 2 contracts

Samples: Security Agreement (Houghton Mifflin Harcourt Co), Term Loan Credit Agreement (Houghton Mifflin Harcourt Co)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Initial Term A Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Realogy Group LLC)

Termination and Reduction of Commitments. Unless previously terminated, (a) The the Initial Term A Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date and (b) the Term A-1 Loan Commitments shall terminate on the First Amendment Effective Date.

Appears in 1 contract

Samples: Term Loan Agreement (Realogy Group LLC)

Termination and Reduction of Commitments. (af) The Term Loan Commitments Commitment for the Initial Term Loan in effect on the Closing Date shall automatically terminate upon the making of the Initial Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (YRC Worldwide Inc.)

Termination and Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date. Any Incremental Term Loan Commitments shall terminate as provided in the related Incremental Term Loan Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Medley Management Inc.)

Termination and Reduction of Commitments. (a) The Initial Term Loan Commitments and Initial Note Commitments shall automatically and permanently terminate upon the making of the Initial Term Loans and/or issuance of the Initial Notes on the Closing Date.

Appears in 1 contract

Samples: Note Purchase Agreement (Enviva Inc.)

Termination and Reduction of Commitments. (a) The Initial Term Loan Commitments shall automatically terminate upon the earlier of (i) the making of the Initial Term Loans on as specified in Section 2.01(a) and (ii) the Closing Dateend of the Initial Term Loan Commitment Period. Any Incremental Term Loan Commitments or Refinancing Term Loan Commitments shall terminate as provided in the related Incremental Term Loan Assumption Agreement or Refinancing Term Loan Amendment, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Kate Spade & Co)

Termination and Reduction of Commitments. (a) The Term Loan Commitments (other than any Incremental Term Commitments, which shall terminate as provided in the related Incremental Term Loan Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date. The Revolving Credit Commitments shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Quorum Health Corp)

Termination and Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date.. The Non-Extended Revolving Credit Commitments shall automatically terminate on the Non-

Appears in 1 contract

Samples: Credit Agreement (VWR Funding, Inc.)

Termination and Reduction of Commitments. (a) The Term Loan Commitments (other than any Incremental Term Loan Commitments, which shall terminate as provided in the related Incremental Term Loan Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Quorum Health Corp)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Commitment of each Term Loan Commitments Lender shall automatically terminate upon on the earlier of (A) immediately after the making of the Term Loans Loan by such Term Lender on the Closing Term Funding Date and (B) the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Marvell Technology Group LTD)

Termination and Reduction of Commitments. (a) The First-Lien Term Loan Commitments shall automatically terminate upon the making of the First-Lien Term Loans on the Closing Date.. The Second-Lien Term Loan Commitments shall automatically terminate upon the making of the Second-

Appears in 1 contract

Samples: Credit Agreement (Nuveen Investments Inc)

Termination and Reduction of Commitments. (a) The Unless previously terminated, (i) the Revolving Loan Commitments shall terminate on the Revolving Loan Maturity Date and (ii) the Term Loan Commitments shall automatically terminate upon on the making Effective Date immediately after the funding of the Term Loans on the Closing DateLoans.

Appears in 1 contract

Samples: Credit Agreement (Oaktree Capital Group, LLC)

Termination and Reduction of Commitments. (a) The Initial Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date. The Additional Term Loan Commitments shall automatically terminate upon the earlier of (i) the making of the Additional Term Loans and (ii) the Additional Term Loan Commitment Termination Date.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Boxed, Inc.)

Termination and Reduction of Commitments. (a) The Term Loan Commitments for the Initial Term Loans in effect on the Closing Date shall automatically terminate upon the making of the Initial Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Surgery Partners, Inc.)

Termination and Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (TransDigm Group INC)

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Termination and Reduction of Commitments. (a) The Term Loan Commitments Commitment of each Lender shall automatically terminate upon at the making close of business on the Termination Date applicable to the Term Loans on the Closing DateLoan Commitments.

Appears in 1 contract

Samples: Credit Agreement (Williams Randa Duncan)

Termination and Reduction of Commitments. (a) The Term Loan Commitments (other than any Incremental Term Loan Commitments, which shall terminate as provided in the related Incremental Loan Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (AAC Holdings, Inc.)

Termination and Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate upon On the making Closing Date, after giving effect to the funding of the Term A Loans to be made on such date, the Term A Loan Commitment of each Lender as of the Closing DateDate will terminate.

Appears in 1 contract

Samples: Term Loan Credit Agreement (ADT Inc.)

Termination and Reduction of Commitments. (aj) The Unless previously terminated, (i) the Initial Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date (upon funding of the Initial Term Loans) and (ii) the Revolving Commitments shall automatically terminate on the Revolving Termination Date.

Appears in 1 contract

Samples: Credit Agreement (NICE Ltd.)

Termination and Reduction of Commitments. (a) The Commitments (other than any Incremental Term Loan Commitments Commitments, which shall terminate as provided in the related Incremental Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Termination and Reduction of Commitments. (a) The Unless previously terminated, (i) the Initial Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date (upon funding of the Initial Term Loans) and (ii) the Revolving Commitments shall automatically terminate on the Revolving Termination Date.

Appears in 1 contract

Samples: Credit Agreement (NICE Ltd.)

Termination and Reduction of Commitments. (a) The Commitments to make a Term Loan Commitments shall automatically terminate upon the making of such Term Loan. The Borrower may terminate this Agreement and the Term Loans on the Closing DateCommitments hereunder pursuant to Section 3.6.

Appears in 1 contract

Samples: Credit Agreement

Termination and Reduction of Commitments. (a) The Term Loan Commitments (other than any Incremental Term Loan Commitments, which shall terminate as provided in the related Incremental Term Loan Assumption Agreement) shall automatically terminate upon the making of the New Term Loans on the Closing Restatement Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands, Inc.)

Termination and Reduction of Commitments. (a) The Unless previously terminated, (i) the Term Loan Commitments (other than any Incremental Term Loan Commitments) shall automatically terminate upon the making of the Term Loans on the Closing Date, and (ii) the Revolving Commitments shall terminate on the last day of the Availability Period. Any Incremental Term Loan Commitment shall terminate as provided in the applicable Incremental Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Harvard Bioscience Inc)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Term Loan Commitments shall automatically terminate upon on the making Term Drawdown Date simultaneous with the funding of the Term Loans made on the Closing Term Drawdown Date.

Appears in 1 contract

Samples: Credit Agreement (Laroche Industries Inc)

Termination and Reduction of Commitments. (a) The Term Loan Commitments existing on the Closing Date shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Intercreditor Agreement (Post Holdings, Inc.)

Termination and Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate upon simultaneously with the making of the Term Loans on the Closing Effective Date.

Appears in 1 contract

Samples: Assignment and Assumption (Symantec Corp)

Termination and Reduction of Commitments. (a) The Term Loan Commitments (other than any Incremental Term Loan Commitments, which shall terminate as provided in the related Incremental Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date. The Revolving Credit Commitments shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Diamond Resorts International, Inc.)

Termination and Reduction of Commitments. Unless previously terminated, (ai) The the Initial Term Loan Commitments Commitment on the Closing Date shall automatically terminate upon the making of the Initial Term Loans on the Closing DateDate and (ii) the Additional Term Loan Commitment of any Class shall terminate as provided in the applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment.

Appears in 1 contract

Samples: Credit Agreement (Topgolf Callaway Brands Corp.)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the Term Loan Commitments Commitment shall automatically terminate upon the deemed making of the Term Loans on the Closing Effective Date.

Appears in 1 contract

Samples: Credit Agreement (INVACARE HOLDINGS Corp)

Termination and Reduction of Commitments. (a) The Term Loan Commitments (other than any Incremental Commitments, which shall terminate as provided in the related Incremental Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Ply Gem Holdings Inc)

Termination and Reduction of Commitments. (a) The Commitments (other than any Incremental Term Loan Commitments Commitments, which shall terminate as provided in the related Incremental Assumption Agreement) shall automatically terminate upon the making of the Term Loans on the Closing Date or the Restatement Date, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Termination and Reduction of Commitments. (a) The Initial Term Loan Commitments in effect on the Restatement Effective Date shall automatically terminate upon the making of the Initial Term Loans on the Closing Restatement Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Gym-Card, LLC)

Termination and Reduction of Commitments. (a) The Unless previously terminated, the 2014 Term Loan Commitments Commitment of each 2014 Term Lender shall automatically and permanently terminate upon on the making earlier of the Closing Date (after giving effect to the incurrence of 2014 Term Loans on such date) and the Closing 2014 Term Loan Commitment Expiration Date.

Appears in 1 contract

Samples: Credit Agreement (Horizon Pharma, Inc.)

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