Common use of Automatic Reduction and Termination Clause in Contracts

Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.

Appears in 28 contracts

Samples: Amendment No. 2 to Facility Documents (Blue Owl Technology Income Corp.), Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit and Security Agreement (Saratoga Investment Corp.)

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Automatic Reduction and Termination. The Subject to the provisions of Section 8.04, the Commitments of all Lenders shall be automatically reduced to zero at 5:00 p.m. on the Commitment Termination Date.

Appears in 13 contracts

Samples: Revolving Credit and Security Agreement (PennantPark Floating Rate Capital Ltd.), Credit Agreement (Main Street Capital CORP), Revolving Credit and Security Agreement (Main Street Capital CORP)

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Automatic Reduction and Termination. The Commitments of all Committed Lenders shall be automatically reduced to zero at 5:00 p.m. (New York time) on the Commitment Termination Date.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (ACV Auctions Inc.)

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