Common use of Mandatory Reduction of Commitments and Revolving Loan Repayments Clause in Contracts

Mandatory Reduction of Commitments and Revolving Loan Repayments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Lender) shall terminate in its entirety upon the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree in writing, the date on which a Change of Control occurs.

Appears in 2 contracts

Samples: Credit Agreement (Lee Enterprises, Inc), Credit Agreement (Lee Enterprises, Inc)

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Mandatory Reduction of Commitments and Revolving Loan Repayments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Lender) shall terminate in its entirety upon the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree in writing, the date on which a Change of Control occurs.

Appears in 2 contracts

Samples: Junior Intercreditor Agreement (Lee Enterprises, Inc), Exit Credit Agreement (Lee Enterprises, Inc)

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Mandatory Reduction of Commitments and Revolving Loan Repayments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Lender) shall terminate in its entirety upon the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree in writing, the date on which a Change of Control occurs.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lee Enterprises, Inc)

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