Common use of Termination and Reduction of Commitments Clause in Contracts

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 5 contracts

Samples: Credit Agreement (Biglari Holdings Inc.), Credit Agreement (Internap Network Services Corp), Credit Agreement (Merge Healthcare Inc)

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Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at upon the earlier to occur of (i) the making of the Term Loans on the Restatement Date and (ii) 5:00 p.m., New York City time, on the Closing DateOctober 15, 2003. The Revolving Credit Commitments, the Swingline L/C Commitment and the LC Swingline Commitment shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Amis Holdings Inc), Credit Agreement (Amis Holdings Inc), Credit Agreement (Amis Holdings Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Re- volving Commitments, the Swingline Commitment Commitment, and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Norcraft Companies Lp), Credit Agreement (Norcraft Companies Lp), Credit Agreement (Norcraft Companies Lp)

Termination and Reduction of Commitments. (ad) Subject to the provisions of Section 2.19, the Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Merge Healthcare Inc), Credit Agreement (Merge Healthcare Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments (other than any Incremental Term Loan Commitments, which shall terminate in accordance with the applicable Incremental Term Loan Assumption Agreement) shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, Credit Commitments and the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Credit Maturity Date. The PF L/C Commitments shall automatically terminate on the PF Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Ryan's Restaurant Leasing Company, LLC), Credit Agreement (Buffets Holdings, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall be automatically terminate terminated at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC Commitment shall be automatically terminate terminated at 5:00 p.m., New York City time, on the Revolving Credit Maturity Date and the LC Maturity Date, respectively.

Appears in 2 contracts

Samples: Credit Agreement (Jefferson Smurfit Corp /De/), Credit Agreement (Jsce Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Commitments and the LC Commitment shall automatically terminate on the Revolving Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on August 31, 2002, if the initial Credit Extension shall not have occurred by such time.

Appears in 2 contracts

Samples: Credit Agreement (Wh Holdings Cayman Islands LTD), Credit Agreement (Herbalife International Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.192.21, the Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 2 contracts

Samples: Security Agreement (Overseas Shipholding Group Inc), Credit Agreement (International Seaways, Inc.)

Termination and Reduction of Commitments. (a) Subject to The Term Loan Commitments shall automatically terminate upon the provisions making of Section 2.19, the Term Loan Loans on the Closing Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on October 30, 2020 if the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment initial Borrowing shall automatically terminate on the Revolving Maturity Datenot have occurred by such time.

Appears in 2 contracts

Samples: Credit Agreement (Oscar Health, Inc.), Credit Agreement (Oscar Health, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Leiner Health Services Corp.), Credit Agreement (PHC Inc /Ma/)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the Any undrawn Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Effective Date. The Revolving CommitmentsUnless previously terminated, the Swingline Commitment and the LC Commitment Revolving Commitments shall automatically terminate on the Revolving Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Advisory Board Co), Credit Agreement (Advisory Board Co)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Third Amendment Effectiveness Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Ply Gem Holdings Inc), Credit Agreement (Ply Gem Holdings Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19Unless previously terminated, the Revolving Credit Commitments and the Swingline Commitments shall terminate on the Revolving Credit Termination Date. The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitmentslast day of the Term Availability Period, the Swingline Commitment and the LC Commitment shall automatically terminate be permanently reduced on the Revolving Maturity Datedate each Term Loan is made by the aggregate amount of Term Loans made on such date.

Appears in 1 contract

Samples: Credit Agreement (Verizon Wireless Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19Unless previously terminated, (i) the Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Term Loan Commitment Expiration Date. The , (ii) the Tax Bridge Loan Commitments shall terminate at 5:00 p.m., New York City time, on the Tax Bridge Loan Commitment Expiration Date and (iii) the Revolving Commitments, the Swingline Commitment and the LC Commitment Commitments shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Usg Corp)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Spheris Operations Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on March 31, 2004, if the initial Credit Extension shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Ionics Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19Sections 2.19 and 2.20, the Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Biglari Holdings Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving CommitmentsEffective Date and, unless previously terminated, the Swingline Commitment and the LC Commitment Revolving Commitments shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Coty Inc /)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Commitments and the LC Commitment L/C Commitments shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on January 31, 2004, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Sensus Metering Systems Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment Credit Commitments shall automatically terminate on the Revolving Final Maturity Date.

Appears in 1 contract

Samples: Bridge Credit Agreement (Mascotech Inc)

Termination and Reduction of Commitments. (a) Subject to The June 1998 Term Loan Commitments terminated upon the provisions making of Section 2.19, the June 1998 Term Loans. The September 1998 Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Effective Date. The Revolving Credit Commitments, the Swingline L/C Commitment and the LC Swingline Commitment shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Westinghouse Air Brake Co /De/)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date (or, if earlier, upon the making of Term Loans hereunder on the Closing Date). The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date. The Revolving Commitments, the Swingline Commitment and the LC Commitments also shall terminate or be reduced as, and to the extent, provided in Section 2.10.

Appears in 1 contract

Samples: Intercreditor Agreement (KCG Holdings, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Restatement Effective Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Polypore International, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 11:59:59 p.m., New York City time, on the Closing Date. 49 The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (BioScrip, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Winstar Communications Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment Credit Commitments shall automatically terminate on the Revolving Maturity Date. The L/C Commitments shall automatically terminate on the date that is five Business Days prior to the Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on November 30, 1996, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Ryder TRS Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on July 15, 1998, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Acl Capital Corp

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on December 31, 2004, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Spheris Leasing LLC)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. , The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on March 31, 2004, if the initial Credit Extension shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Ply Gem Industries Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Closing Date Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Delayed Draw Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Delayed Draw Term Loan Commitment Termination Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: First Lien Credit Agreement (Critical Homecare Solutions Holdings, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m.p.m. New York, New York City time, time on the Closing Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline L/C Commitment and the LC Swingline Commitment shall automatically terminate on the Revolving Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on May 31, 1998, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Jafra Cosmetics International Sa De Cv)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Termination Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC L/C Commitment shall automatically terminate on the Revolving Maturity Date. Notwithstanding the foregoing, the Revolving Credit Commitment and the L/C Commitment shall automatically terminate at 5:00 p.m., New York City time, on the Termination Date if the initial Borrowing hereunder shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

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Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (PSF Holdings LLC)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Restatement Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Ameripath Indiana LLC)

Termination and Reduction of Commitments. (a) Subject to Unless previously terminated in accordance with the provisions of Section 2.19terms hereof, (i) the Original Tranche B Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Original Closing Date. The , (ii) the Revolving Commitments, Credit Commitments shall automatically terminate on the applicable Revolving Credit Maturity Date and (iii) the Swingline Commitment and the LC L/C Commitment shall automatically terminate on in accordance with the Revolving Maturity Dateapplicable provisions of Sections 2.22 and 2.23.

Appears in 1 contract

Samples: Credit Agreement (Harland Clarke Holdings Corp)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on July 31, 1999, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Interactive Media Corp)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments (other than any Incremental Term Loan Commitments) shall automatically terminate at 5:00 p.m., New York City time, on the Restatement Closing Date. The Revolving Credit Commitments, the Swingline Commitment Commitments, the A/C Fronting Commitments and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Any Incremental Term Loan Commitment shall terminate as provided in the applicable Incremental Term Loan Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Terex Corp)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on August 30, 2000, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Applied Power Inc)

Termination and Reduction of Commitments. (a) Subject to Unless previously terminated in accordance with the provisions of Section 2.19terms hereof, (i) the Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Effective Date and (ii) the Revolving Commitments, the Swingline Commitment Commitments and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Dennys Corp)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC L/C Commitment shall automatically terminate at 5:00 p.m., New York City time, on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on October 31, 1998, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Telemundo Holding Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The unused Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC L/C Commitment shall automatically terminate on the Revolving Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on June 30, 1997, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Bremen Bearings Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Tranche A-2 Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Amendment and Restatement Effective Date. The Tranche A-1 Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (PGT, Inc.)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on August 15, 2003, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Marathon Power Technologies Co)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Additional U.S. Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Second Amendment Effectiveness Date; all other Term Loan Commitments have already terminated. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Patriot Manufacturing, Inc.)

Termination and Reduction of Commitments. (a) Subject to Unless previously terminated in accordance with the provisions of Section 2.19terms hereof, (i) the unused Term Loan Commitments shall automatically terminate at 5:00 p.m., p.m. (New York City time, ) on the Closing Date. The , (ii) the L/C Commitment shall automatically terminate on the L/C Maturity Date and (iii) the Revolving Commitments, the Commitments and Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Facility Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Belmond Ltd.)

Termination and Reduction of Commitments. (aa (i) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Effective Date and (ii) the Revolving Commitments, the Swingline Commitment Commitments and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Dennys Corp)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at upon the earlier to occur of (i) the making of the Term Loans on the Restatement Date and (ii) 5:00 p.m., New York City time, on the Closing DateOctober 31, 2003. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Cbre Holding Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Initial Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline Commitment and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on October 31, 2004, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Knoll Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC Commitment L/C Commitments shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments and L/C Commitments shall automatically terminate at 5:00 p.m., New York City time, on March 31, 1998, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Credit Agreement (Magellan Health Services Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Commitments, the Swingline Commitment Credit Commitments and the LC L/C Commitment shall automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on August 25, 1997, if the initial Credit Event shall not have occurred by such time.

Appears in 1 contract

Samples: Pledge Agreement (Tel Save Holdings Inc)

Termination and Reduction of Commitments. (a) Subject to Unless previously terminated in accordance with the provisions of Section 2.19terms hereof, (i) the unused Term Loan Commitments shall -69- automatically terminate at 5:00 p.m., p.m. (New York City time, ) on the Closing Date. The , (ii) the L/C Commitment shall automatically terminate on the L/C Maturity Date and (iii) the Revolving Commitments, the Commitments and Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Facility Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Orient Express Hotels LTD)

Termination and Reduction of Commitments. (a) Subject to Unless previously terminated, (i) the provisions of Section 2.19, the Closing Date Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The , (ii) the Delayed Draw Commitments shall terminate at 5:00 p.m., New York City time, on June 30, 1999, and (iii) the Revolving Commitments, Commitments and the Swingline Commitment and the LC Commitment Commitments shall automatically terminate on the Revolving Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Alliant Techsystems Inc)

Termination and Reduction of Commitments. (a) Subject to the provisions of Section 2.19, the The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Restatement Date. The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (International Coal Group, Inc.)

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