Common use of Termination and Reduction of Commitments Clause in Contracts

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 7 contracts

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

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Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan The Commitments shall automatically terminate upon the making of the Loans on the Closing Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m. (p.m., New York City time) , on June 30, 2007, or such earlier date on which the Restatement Effective Date Merger Agreement terminates, if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 Borrowing of the Amendment and Restatement Agreement Loans shall not have occurred by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Datetime.

Appears in 5 contracts

Samples: Second Lien Credit Agreement (STR Holdings (New) LLC), Second Lien Credit Agreement (STR Holdings LLC), Second Lien Credit Agreement (STR Holdings LLC)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Closing Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Revolving Commitments shall terminate on the Revolving Credit Maturity Date.

Appears in 5 contracts

Samples: Credit Agreement (Genpact LTD), Credit Agreement (Cable One, Inc.), Credit Agreement (Genpact LTD)

Termination and Reduction of Commitments. (a) Unless previously terminatedterminated pursuant to the terms of this Agreement, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 4 contracts

Samples: Credit Agreement (Vonage Holdings Corp), Credit Agreement (Vonage Holdings Corp), Credit Agreement (Vonage Holdings Corp)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Cimpress N.V.), Credit Agreement (Cimpress N.V.), And Restatement Agreement (Cimpress N.V.)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other the Revolving Facility Commitments shall terminate on the Revolving Credit Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Universal City Travel Partners), Credit Agreement (Universal City Travel Partners), Credit Agreement (Universal City Development Partners LTD)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional unused Term Loan Commitments shall terminate (x) by the principal amount of any draw of Term Loans pursuant to Section 2.03 immediately upon such draw, and (y) in full at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if date on which the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time Term Loan Availability Period expires or, if earlier, immediately after they are fully funded upon the tenth (10th) funding of any Term Loans hereunder and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Paycom Software, Inc.), Credit Agreement (Paycom Software, Inc.), Credit Agreement (Paycom Software, Inc.)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 3 contracts

Samples: Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (Madison Square Garden Co)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other the Revolving Commitments shall terminate on the Revolving Credit Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Globalscape Inc), Credit Agreement (Globalscape Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other both the US Revolving Loan Commitments and the Global Revolving Loan Commitments shall terminate on the Revolving Loan Maturity Date.

Appears in 2 contracts

Samples: Lease Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) The Commitments shall automatically and permanently be reduced by the Additional principal amount of any Term Loan advanced hereunder or as provided for in Section 2.14 and shall automatically terminate in full on the Maturity Date. Notwithstanding the foregoing, if the Closing Date does not occur before May 9, 2008, all the Commitments shall automatically terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Datethat date.

Appears in 2 contracts

Samples: Possession Credit Agreement (JMBS Casino LLC), Credit Agreement

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Revolving Credit Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Mylan Inc.), Credit and Guarantee Agreement (Mylan Laboratories Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional U.S. Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time March 31, 2012 or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 2 contracts

Samples: And Restatement Agreement (LKQ Corp), And Restatement Agreement (LKQ Corp)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall permanently terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other the Revolving Commitments and the Foreign Borrower Commitments shall permanently terminate on the Revolving Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments Commitment shall terminate at 5:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other the Revolving Commitments shall terminate on the Revolving Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Diamond Resorts Corp)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Termination Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they on the date the Term Loans are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Par Pharmaceutical Companies, Inc.)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement First Amendment Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Symmetry Medical Inc.)

Termination and Reduction of Commitments. (a) Unless previously terminatedThe Commitments (other than any Incremental Commitments) shall automatically terminate after the making of the Loans on the Closing Date; provided, however, that the Commitments (iother than any Incremental Commitments) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (New York City time) , on the Restatement Effective Date June 30, 2003, if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement Closing Date shall not have occurred by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments time. Any Incremental Commitment shall terminate on as provided in the Maturity Dateapplicable Incremental Loan Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Burns Philp Netherlands European Holdings Bv)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Original Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Hill-Rom Holdings, Inc.)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time orDate, if earlier, immediately after they are fully funded and (ii) all other the Revolving Commitments shall terminate on the Maturity DateDate and (iii) all the Commitments shall terminate if the initial borrowing hereunder shall not have occurred by February 28, 2002.

Appears in 1 contract

Samples: Credit Agreement (Coors Adolph Co)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional US Tranche Term Loan Commitments shall terminate at 5:00 p.m. (3:00 p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other the Revolving Commitments shall terminate on the Maturity Date. The Revolving Commitments shall be permanently reduced in accordance with the terms and conditions of Section 2.12 and 2.19(f).

Appears in 1 contract

Samples: Credit Agreement (Yrc Worldwide Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (LKQ Corp)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 4:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Revolving/TLA-1 Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement earlier to occur of (A) the Effective Date and (B) if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.Effective

Appears in 1 contract

Samples: Credit Agreement (Fathom Digital Manufacturing Corp)

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Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Initial Borrowing Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other the Revolving Loan Commitments shall terminate on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Salt Holdings Corp)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Closing Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii, (ii) the Additional Term B-1 Loan Commitments shall terminate at 5:00 p.m. New York City time, on the Amendment No. 1 Effective Date and (iii) all other Revolving Commitments shall terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Genpact LTD)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 last day of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded Term Loan Availability Period and (ii) all other the Revolving Commitments shall terminate on the Revolving Maturity Date. The Term Loan Commitment of each Lender shall be reduced by an amount equal to the principal amount of each Term Loan made by such Lender, effective upon the funding of such Term Loan by such Lender.

Appears in 1 contract

Samples: Credit Agreement (St John Knits International Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 4:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by any Incremental Term Loan commitment shall terminate after such time or, if earlier, immediately after they are fully funded loan is extended and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Wellcare Health Plans, Inc.)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 the earlier of (x) 3:00 p.m. (New York City time) on the Restatement Effective Date if (or such later time as the Company fails to meet Administrative Agent may determine in its reasonable discretion on the conditions precedent in Section 4.01 Effective Date) and in Section 4 (y) upon the funding of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded Term Loans on the Effective Date and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Tennant Co)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time orMarch 19, if earlier, immediately after they are fully funded 2011 and (ii) all other Commitments shall terminate on the Revolving Credit Maturity Date. Furthermore, any Term Loans funded hereunder shall permanently reduce and terminate, on a dollar for dollar basis, the aggregate Term Commitments by a like amount.

Appears in 1 contract

Samples: And Restatement Agreement (Inergy L P)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (3:00 p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time (or, if earlier, immediately after they are fully funded concurrently with the funding of the initial Term Loans) and (ii) all other Commitments shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Watts Water Technologies Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Date. 92 made by such Xxxxxx, including the amounts of principal and interest payable and paid to such Xxxxxx from time to time hereunder.

Appears in 1 contract

Samples: Libor Hardwire Transition Amendment (CIMPRESS PLC)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional U.S. Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Closing Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Revolving Commitments shall terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Mylan Inc.)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments shall terminate on the Maturity Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Bowne & Co Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, the (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time orDate, if earlier, immediately after they are fully funded and (ii) all other any Incremental Term Loan Commitments shall terminate at 5:00 p.m., New York Time on the Increase Effective Date applicable thereto and (iii) the Revolving Commitments shall terminate on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (p.m., New York City time) , on the Restatement Effective Date if Date,(ii) the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Revolving Commitments shall terminate on the Revolving Maturity DateDate and (iii) all the Commitments shall terminate if the initial borrowing hereunder shall not have occurred by September 15, 1997.

Appears in 1 contract

Samples: Credit Agreement (Fleming Companies Inc /Ok/)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 3:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Commitments the Revolving Commitment of each Revolving Lender shall automatically and permanently terminate on the Maturity DateDate applicable to such Revolving Lender.

Appears in 1 contract

Samples: Credit Agreement (Endo Pharmaceuticals Holdings Inc)

Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Additional Term Loan Commitments shall terminate at 5:00 p.m. (New York City time) on the Restatement Effective Date if the Company fails to meet the conditions precedent in Section 4.01 and in Section 4 of the Amendment and Restatement Agreement by such time or, if earlier, immediately after they are fully funded and (ii) all other Revolving Facility Commitments shall terminate on the New Revolving Facility Maturity Date. The parties hereto acknowledge that the New Term Loan Commitments will terminate at 5 p.m. New York City time on the Amendment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Foundation Coal Holdings, Inc.)

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