Common use of Adjustment of U.S. Revolver Commitments Clause in Contracts

Adjustment of U.S. Revolver Commitments. (i) On each Canadian Commitment Adjustment Date occurring in accordance with Section 2.09(f), the U.S. Commitment of each Crossover Lender shall automatically adjust dollar-for-dollar in an inverse manner to any Canadian Commitment Adjustment (an increase in the Canadian Revolving Commitments shall result in a decrease in such U.S Revolving Commitments and vice versa) in an amount equal to such Canadian Commitment Adjustment (a “U.S. Commitment Adjustment”), which adjustment shall automatically change the U.S. Commitment of each Crossover Lender, effective as of the Canadian Commitment Adjustment Date.

Appears in 2 contracts

Samples: Credit Agreement (Nexeo Solutions Holdings, LLC), Credit Agreement (Nexeo Solutions Finance Corp)

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Adjustment of U.S. Revolver Commitments. (i) On each Canadian Commitment Adjustment Date occurring in accordance with Section 2.09(f2.09(g), the U.S. Commitment of each Crossover Lender shall automatically adjust dollar-for-dollar in an inverse manner to any Canadian Commitment Adjustment (an increase in the Canadian Revolving Commitments shall result in a decrease in such U.S U.S. Revolving Commitments and vice versa) in an amount equal to such Canadian Commitment Adjustment (a “U.S. Commitment Adjustment”), which adjustment shall automatically change the U.S. Commitment of each Crossover Lender, effective as of the Canadian Commitment Adjustment Date.

Appears in 1 contract

Samples: Credit Agreement (Nexeo Solutions Holdings, LLC)

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Adjustment of U.S. Revolver Commitments. (i) On each Canadian Commitment Adjustment Date occurring in accordance with Section 2.09(f2.09(g), the U.S. Commitment of each Crossover Lender electing to make a Canadian Commitment Adjustment shall automatically adjust dollar-for-dollar in an inverse manner to any Canadian Commitment Adjustment (an increase in the Canadian Revolving Commitments shall result in a decrease in such U.S U.S. Revolving Commitments and vice versa) in an amount equal to such Canadian Commitment Adjustment (a “U.S. Commitment Adjustment”), which adjustment shall automatically change the U.S. Commitment of each such Crossover Lender, effective as of the Canadian Commitment Adjustment Date.

Appears in 1 contract

Samples: Credit Agreement (Nexeo Solutions, Inc.)

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