Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.
Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date. In the event of a Change in Control, the Administrative Agent (acting at the direction of the Required Banks) may terminate the Commitments on a date specified in a notice to the Borrowers, which date (i) must be at least 3 Domestic Business Days following the date of such notice, and (ii) shall constitute the Termination Date for all purposes hereunder.
Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Termination Date, or on any earlier date pursuant to the provisions of and under the circumstances provided in Section 2.11(d), and in either case any Loans then outstanding (together with accrued interest thereon and, in the case of a termination pursuant to Section 2.11(d), any other amounts payable pursuant to such Section 2.11(d)) shall be due and payable on such date.
Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Facility Termination Date and any Syndicated Advances, Swing Line Advances and if demand had not been earlier made Letter of Credit Advances then outstanding (together with accrued interest thereon) shall be due and payable on such date.
Mandatory Reduction and Termination of Commitments. The -------------------------------------------------- Tranche A Commitments shall terminate on the Tranche A Termination Date and the Tranche B Commitments shall terminate on the Tranche B Termination Date and any Tranche A or B Loans, as the case may be, then outstanding (together with accrued interest thereon) shall be due and payable by the Borrower on such date.
Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date. In the event of a Change in Control, the Agent (acting at the direction of the Required Banks) may terminate the Commitments on a date specified in a notice to the Borrower, which date (i) must be at least 3 Domestic Business Days following the date of such notice, and (ii) shall constitute the Termination Date for all purposes hereunder, in which event (x) no Tender Advances shall be made thereafter, and (y) to the extent of any existing Letter of Credit Obligations, the Borrower shall immediately deposit with the Agent the principal amount thereof and the amount so deposited shall be set aside as a cash collateral reserve for payment of the Reimbursement Obligations relating to Letters of Credit which are subsequently funded, pursuant to Section 7.01.
Mandatory Reduction and Termination of Commitments. (a) The Facility A Commitment shall terminate and the unpaid principal balance and all accrued and unpaid interest on the Facility A Note will be due and payable upon the first of the following dates or events to occur: (i) acceleration of the maturity of the Facility A Note in accordance with the remedies contained in Section 7.02; or (ii) the Facility A Maturity Date.
(b) The amount of the Facility A Commitment shall be reduced on each Facility A Commitment Reduction Date by an amount equal to $250,000.00.
(c) The Facility B Commitment shall terminate and the unpaid principal balance and all accrued and unpaid interest on the Facility B Note will be payable upon the first of the following dates or events to occur: (i) acceleration of the maturity of the Facility B Note in accordance with the remedies contained in Section 7.02; or (ii) upon the expiration of the Facility B Commitment on the Facility B Termination Date.
(d) The amount of the Facility B Commitment shall be reduced on the Facility B Commitment Reduction Date by an amount equal to $1,000,000.00.
Mandatory Reduction and Termination of Commitments. (i) The aggregate Commitments shall be reduced to $200,000,000 on the Commitment Reduction Date, such reduction to be applied to the Commitments of the Lenders so that after such reduction the Commitments of the Banks will be as set forth below: Xxxxxx Guaranty Trust Company of New York $50,000,000 Mellon Bank, N.A. $65,000,000 CoreStates Bank, N.A. $45,000,000 PNC Bank, National Association $40,000,000
(ii) All Committed Borrowings outstanding on the Commitment Reduction Date shall be reallocated among the Banks (and appropriate payments made to reflect such reallocations) such that each Bank has outstanding a principal amount of each Committed Borrowing that is proportional to its Commitment after such reduction. The Borrower will pay each Bank amounts calculated with reference to Section 2.13 to the extent that any reallocation results in a loss or expense to such Bank of the type referred to in Section 2.13. The interest rate applicable to any Fixed Rate Committed Borrowing which is the subject of such a reallocation shall be the higher of (x) the interest rate then in effect for such Committed Borrowing and (y) the interest rate determined as if the Commitment Reduction Date were the date of borrowing and the interest rate was computed with respect to the same type of Fixed Rate.
(iii) Any Committed Loans outstanding on the Commitment Reduction Date in excess of $200,000,000 aggregate principal amount (together with accrued interest on such excess) shall be due and payable on the Commitment Reduction Date. The Borrower shall, upon one Domestic Business Day's Notice to the Agent, select the Committed Borrowings to be so paid, but the Borrower may only select Base Rate Borrowings for such purpose. Payments in respect of such selected Base Rate Borrowings shall be applied ratably to the outstanding Base Rate Loans of the Lenders to be prepaid.
(b) The Commitments shall terminate on the Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.
Mandatory Reduction and Termination of Commitments. (a) If, upon a transfer of assets or the discontinuance or elimination of a Subsidiary or division (in a single transaction or in a series of related transactions), the aggregate assets so transferred or utilized in a Subsidiary or division to be so discontinued, when combined with all other assets transferred, and all other assets utilized in all other Subsidiaries or divisions discontinued since the Closing Date, constitute more than 30% of Consolidated Total Assets (excluding from such calculation assets of the types described in clause (ii) of the last sentence of Section 5.04) measured as of (x) until the Keebler Acquisition, September 20, 1997, and (y) thereafter, the date of the Keebler Acquisition (the amount of such excess being the "Excess Proceeds"), then the Borrower shall promptly (and in any event within 5 Domestic Business Days after such sale) notify in writing the Agent and the Banks thereof, which notice shall include the amount of the Excess Proceeds and the amount of such Excess Proceeds which the Borrower intends to invest in operating assets of the Borrower within 90 days after such sale (the "Intended Reinvestment Amount"), and the aggregate amount of the Commitments shall be permanently reduced (i) on the date which is 5 Domestic Business Days after such sale, by an amount equal to the difference between the Excess Proceeds and the Intended Reinvestment Amount, and (ii) on the date which is 90 days after such sale, by the amount of any Excess Proceeds which was included in the Intended Reinvestment Amount but which have not been invested in operating assets of the Borrower within such 90 day period (and the Borrower shall notify the Agent and the Banks of such amount on such date), and in each case the Borrower shall make any prepayments required by Section 2.11 as a result thereof.
(b) Upon failure to satisfy the condition set forth in Section 3.01(i) regarding the Keebler Acquisition within the time permitted thereby, the Commitments shall be reduced, prorata, to $300,000,000 (but such reduction shall not affect the amount or computation of the fees payable to the Agent pursuant to the Agent's Letter Agreement).
(c) The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.
Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Termination Date and any Revolving Credit Loans then outstanding shall be due and payable. Accrued interest on the Revolving Credit Loans and all other outstanding fees, charges and expenses on or related the Revolving Credit Loans shall be paid by the Borrowers on the Termination Date.
