Commitment Reduction Notice definition

Commitment Reduction Notice has the meaning given that term in Section 2.13.
Commitment Reduction Notice shall have the meaning assigned to it in Section 2.02(a) of the Purchase Agreement.
Commitment Reduction Notice has the meaning set forth in Section 1.6.

Examples of Commitment Reduction Notice in a sentence

  • Promptly after receipt of a Commitment Reduction Notice the Administrative Agent shall notify each Lender of the proposed termination or Revolving Commitment reduction.

  • Promptly after receipt of a Commitment Reduction Notice the Administrative Agent shall notify each Lender of the proposed termination or Commitment reduction.

  • Promptly after receipt of a Commitment Reduction Notice the Administrative Agent shall notify each Revolving Lender of the proposed termination or Revolving Commitment reduction.

  • Each Commitment Reduction Notice shall be irrevocable once delivered to the Co-Agents.

  • The Borrower shall have the right, upon not less than five (5) Business Days' written irrevocable notice to the Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments, which notice shall specify the date and amount of any such reduction and otherwise be substantially in the form of Exhibit 5.5 (a "Commitment Reduction Notice").


More Definitions of Commitment Reduction Notice

Commitment Reduction Notice has the meaning given such term in Section 2.13.
Commitment Reduction Notice has the meaning specified in Section 1.6.
Commitment Reduction Notice has the meaning specified in Section 5.7 [Voluntary Commitment Reductions].
Commitment Reduction Notice has the meaning assigned to that term in Section 5.4.4 [Voluntary Reduction of Revolving Credit Commitments].
Commitment Reduction Notice. Promptly after receipt of a Commitment Reduction Notice the Administrative Agent shall notify each Lender of the proposed termination or Commitment reduction. The Commitments, once reduced or terminated pursuant to this Section, may not be increased or reinstated. The Borrower shall pay all interest and fees on the Loans accrued to the date of such reduction or termination of the Commitments to the Administrative Agent for the account of the Lenders, including, but not limited to, any applicable compensation due to each Lender in accordance with Section 5.4. For avoidance of doubt, only undrawn Commitments may be terminated or reduced pursuant to this Section.
Commitment Reduction Notice the meaning specified in Section 2.05(a).
Commitment Reduction Notice shall have the meaning assigned to it in Section 2.02(a) of the Credit Agreement.