Common use of Termination, Reduction and Increase of Commitments Clause in Contracts

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Maturity Date. Unless previously terminated, the Term Commitments shall terminate upon the making of the Term Loan on the date of the initial Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Fortune Brands Home & Security, Inc.), Credit Agreement (Fortune Brands Home & Security LLC), Credit Agreement (Emmis Communications Corp)

AutoNDA by SimpleDocs

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, (i) the Revolving Credit Commitments shall terminate on the Maturity Date for Revolving Maturity Date. Unless previously terminated, Loans and (ii) the Term Commitments shall terminate upon on the making Effective Date immediately after the funding of the Term Loan on the date of the initial BorrowingLoans.

Appears in 3 contracts

Samples: Assignment and Assumption (Heartland Payment Systems Inc), Assignment and Assumption (Heartland Payment Systems Inc), Credit Agreement (Heartland Payment Systems Inc)

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, (i) the Term Loan Commitment of each Lender shall automatically terminate immediately following the making of the Term Loans by such Lender on the Effective Date and (ii) the Revolving Commitments shall terminate on the Revolving Maturity Date. Unless previously terminated, the Term Commitments shall terminate upon the making of the Term Loan on the date of the initial Borrowing.

Appears in 2 contracts

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

Termination, Reduction and Increase of Commitments. (a) -------------------------------------------------- Unless previously terminated, (i) the Total Revolving Commitments Commitment shall terminate on the Revolving Loan Maturity Date. Unless previously terminated, Date and (ii) the Total Term Commitments Loan Commitment shall terminate upon the making of the Term Loan on the date Effective Date after giving effect to the Borrowing of the initial BorrowingTerm Loans on such date.

Appears in 1 contract

Samples: Credit Agreement (Wyndham International Inc)

AutoNDA by SimpleDocs

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, (i) the Revolving Term Loan Commitments shall terminate upon the funding of the Term Loans on the Effective Date and (ii) all other Commitments shall terminate on the Revolving Maturity Date. Unless previously terminated, the Term Commitments shall terminate upon the making of the Term Loan on the date of the initial Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Scansource, Inc.)

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, (ii) the Term Loan Commitments shall terminate immediately upon the funding of the Term Loans on the Effective Date and (ii) the Revolving Commitments shall terminate on the Revolving Maturity Date. Unless previously terminated, the Term Commitments shall terminate upon the making of the Term Loan on the date of the initial Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Schweitzer Mauduit International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.