Common use of Automatic Reduction of Commitment Clause in Contracts

Automatic Reduction of Commitment. The Commitment shall --------------------------------- automatically reduce by the Reduction Amount on each Reduction Date.

Appears in 1 contract

Samples: Loan Agreement (Mohegan Tribal Gaming Authority)

AutoNDA by SimpleDocs

Automatic Reduction of Commitment. The Commitment shall --------------------------------- automatically reduce by the Reduction Amount on On each Reduction Date, the Commitment shall automatically be reduced by the applicable Reduction Amount.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (American Coin Merchandising Trust Iv)

Automatic Reduction of Commitment. The Commitment shall automatically --------------------------------- automatically reduce by the Reduction Amount on each Reduction Date.

Appears in 1 contract

Samples: Loan Agreement (Mohegan Tribal Gaming Authority)

AutoNDA by SimpleDocs

Automatic Reduction of Commitment. The Commitment shall --------------------------------- automatically reduce by Subject to the Reduction Amount last sentence of Section 2.5, on each Reduction Date, the Commitment shall automatically be reduced by the applicable Reduction Amount.

Appears in 1 contract

Samples: Supplemental Reducing Revolving Loan Agreement (Aztar Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!