Common use of Termination and Reductions of Commitments Clause in Contracts

Termination and Reductions of Commitments. (a) (i) The aggregate amount of the Revolving Credit Commitments shall be automatically and permanently reduced to zero on the Revolving Credit Commitment Termination Date. The aggregate amount of Revolving Credit Commitments shall be permanently reduced on the date any required prepayments described in Section 2.10(a) are required to be made in the amount specified in Section 2.10(b)(ii).

Appears in 2 contracts

Samples: Credit Agreement (Atrium Companies Inc), Credit Agreement (Atrium Companies Inc)

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Termination and Reductions of Commitments. (a) (i) The aggregate amount of the Revolving Credit Commitments shall be automatically and permanently reduced to zero on the Revolving Credit Commitment Termination Date. The aggregate amount of Revolving Credit Commitments shall be permanently reduced on the date any required prepayments described in Section 2.10(a) are required to be made in the amount specified in Section 2.10(b)(ii). The aggregate amount of the Term Loan Commitments shall be automatically and permanently reduced to zero immediately after the making of the Term Loans on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Atrium Companies Inc), Credit Agreement (Atrium Companies Inc)

Termination and Reductions of Commitments. (a) (i) The aggregate amount of the Revolving Credit Commitments shall be automatically and permanently reduced to zero on the Revolving Credit Commitment Termination Date. The aggregate amount of Revolving Credit the Term Loan Commitments shall be automatically and permanently reduced to zero on the date any required prepayments described in Section 2.10(a) are required to be made in Closing Date immediately after the amount specified in Section 2.10(b)(ii)making of the Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Imco Recycling Inc)

Termination and Reductions of Commitments. (a) (i) The aggregate amount of the Revolving Credit Commitments shall be automatically and permanently reduced to zero on the Revolving Credit Commitment Termination Date. The aggregate amount of Revolving Credit the Term Loan Commitments shall be automatically and permanently reduced to zero immediately after the earlier to occur of (i) the making of the Term Loans on the date any required prepayments described in Section 2.10(aClosing Date and (ii) are required to be made in the amount specified in Section 2.10(b)(ii)5:00 p.m., New York time, on February 27, 2004.

Appears in 1 contract

Samples: Credit Agreement (Centennial Communications Corp /De)

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Termination and Reductions of Commitments. (a) (i) The Commitments shall be automatically and permanently terminated on September 15, 1998 if the Closing Date does not occur by such date. The aggregate amount of the Revolving Credit Commitments shall be automatically and permanently reduced to zero on the Revolving Credit Commitment Termination Date. The aggregate amount of Revolving Credit Commitments shall be permanently reduced on the date any required prepayments described in Section 2.10(a) are required to be made in the amount specified in Section 2.10(b)(ii).

Appears in 1 contract

Samples: Credit Agreement (Pricellular Corp)

Termination and Reductions of Commitments. (a) (i) The Commitments ----------------------------------------- shall be automatically and permanently terminated on November 30, 1998 if the Closing Date does not occur by said date. The aggregate amount of the Revolving Credit Commitments shall be automatically and permanently reduced to zero on the Revolving Credit Commitment Termination Date. The aggregate amount of Revolving Credit the Term Loan Commitments shall be automatically and permanently reduced to zero on the date any required prepayments described in Section 2.10(a) are required to be made in Closing Date immediately after the amount specified in Section 2.10(b)(ii)making of the Term Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Krasovec Frank P)

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