Common use of Mandatory Reduction of Commitments Clause in Contracts

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a Commitment) shall terminate on August 3, 1999 unless the Restatement Effective Date has occurred on or before such date.

Appears in 2 contracts

Samples: And Assumption Agreement (Vantas Inc), Credit Agreement (Reckson Services Industries Inc)

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Mandatory Reduction of Commitments. (a) The Total Commitment (and the A C Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition B Revolving Loan Commitment of each Bank with such a Commitment) shall terminate in its entirety on August 3June 15, 1999 2000 and the Second Amended and Restated Credit Agreement shall continue in effect unless the Third Restatement Effective Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Frontline Capital Group), Credit Agreement (Hq Global Holdings Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in their entirety on August 3October 31, 1999 1997 unless the Restatement Effective Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Dominicks Supermarkets Inc), Pledge Agreement (Pool Energy Services Co)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in its entirety on August 3December 31, 1999 1996 unless the Restatement Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 2 contracts

Samples: Credit Agreement (Atrium Companies Inc), Credit Agreement (H-R Window Supply Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment Commitments (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in their entirety on August 3January 31, 1999 1997 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Doubletree Corp), Pledge Agreement (Doubletree Corp)

Mandatory Reduction of Commitments. (a) The Total Commitment ---------------------------------- (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Revolving Loan Commitment of each Bank with such a CommitmentBank) shall terminate in its entirety on August 3July 15, 1999 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Pacer Express Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment Commitments (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in their entirety on August 3December 31, 1999 1997 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Omniquip International Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Revolving Loan Commitment of each Bank with such a Commitment) shall terminate on August 3December 31, 1999 1997 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Scovill Holdings Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, the B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Capital Expenditure Loan Commitment of each Bank with such a Commitment) shall terminate on August 3March 31, 1999 1998 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Video Update Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a Commitmentof the Banks) shall terminate in their entirety on August 3September 30, 1999 1997 and the Original Credit Agreement shall continue in effect unless the Restatement Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Pledge Agreement (Sky Chefs Argentine Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment Commitments (and the A Term Loan Commitment, the B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentLender) shall terminate in their entirety on August 3April 15, 1999 2001 unless the Restatement Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Pledge and Security Agreement (Flowers Foods Inc)

Mandatory Reduction of Commitments. (a) The Unless the Restatement Effective Date shall have occurred on or before August 31, 1997, the Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Revolving Loan Commitment of each Bank with such a CommitmentBank) shall terminate on August 3, 1999 unless the Restatement Effective Date has occurred on or before such datein its entirety.

Appears in 1 contract

Samples: Credit Agreement (Capstar Radio Broadcasting Partners Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment Commitments (and the A First Priority Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Second Priority Term Loan Commitment of each Bank with such a CommitmentLender) shall terminate in its entirety on August 3March 14, 1999 2003, unless the Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: General Maritime Corp/

Mandatory Reduction of Commitments. (a) The Total Revolving Loan ---------------------------------- Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentLender) shall terminate in its entirety on August 315, 1999 2000 unless the Restatement Effective Date has occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Nm Licensing LLC)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentLender) shall terminate in its entirety on August 331, 1999 2003 unless the Restatement Effective Escrow Release Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Moore Corporation LTD)

Mandatory Reduction of Commitments. (a) The Unless the Restatement Effective Date shall have occurred on or before February 28, 1997, the Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate on August 3, 1999 unless the Restatement Effective Date has occurred on or before such datein its entirety.

Appears in 1 contract

Samples: Credit Agreement (Chancellor Broadcasting Co /De/)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in their entirety on August 3March 31, 1999 1998 unless the Restatement Effective Date has occurred on or before such date, and in the event of such termination this Agreement shall cease to be of any force or effect and the Original Credit Agreement shall continue to be effective, as the same may have been, or may thereafter be, amended, modified or supplemented from time to time.

Appears in 1 contract

Samples: Sitel Corp

Mandatory Reduction of Commitments. (a) The Total Commitment Commitments (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentLender) shall terminate in their entirety on August 3November 30, 1999 unless the Restatement Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Southwest General Hospital Lp

Mandatory Reduction of Commitments. (a) The Unless the Second Restatement Effective Date shall have occurred on or before July 31, 1997, the Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate on August 3, 1999 unless the Restatement Effective Date has occurred on or before such datein its entirety.

Appears in 1 contract

Samples: Credit Agreement (Chancellor Radio Broadcasting Co)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in its entirety on August 3December 31, 1999 1996 and the Original Credit Agreement shall continue in effect unless the Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Security Agreement (Howmet Corp /New/)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentLender) shall terminate in its entirety on August 331, 1999 2000 unless the Restatement Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Tekni Plex Inc)

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Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate on August 3December 15, 1999 1994 unless the Restatement Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Staff Leasing Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving ---------------------------------- Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in their entirety on August 3January 31, 1999 unless the Restatement Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Sylvan Learning Systems Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Revolving Loan Commitment of each Bank with such a Commitment) shall terminate on August 3May 15, 1999 1998 unless the Restatement Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Golden Sky Systems Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in its entirety on August 3July 31, 1999 1998 and the Existing Credit Agreement shall continue in effect (in accordance with its terms) unless the Fourth Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Furniture Brands International Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentLender) shall terminate in its entirety on August 3December 14, 1999 2015, unless the Restatement Effective Date has occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Mobile Mini Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, the B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Revolving Loan Commitment of each Bank with such a Commitment) shall terminate on August 3June 30, 1999 2000 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Ubiquitel Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentBank) shall terminate in its entirety on August 3February 15, 1999 1996 unless the Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Interco Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Revolving Loan Commitment of each Bank with such a CommitmentBank) shall terminate in its entirety on August 3July 7, 1999 1997 unless the Third Restatement Effective Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Furniture Brands International Inc)

Mandatory Reduction of Commitments. (a) The Total Revolving Loan Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Swingline Commitment of each Bank with such a CommitmentBank) shall terminate in its entirety on August 330, 1999 1996 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Chartwell Leisure Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Capital Expenditure Loan Commitment of each Bank with such a Commitment) shall terminate on August 3March 28, 1999 1997 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Moovies Inc)

Mandatory Reduction of Commitments. (a) The Total Commitment ---------------------------------- (and the A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a Commitment) shall terminate on August 3November 15, 1999 1997 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Physician Health Corp)

Mandatory Reduction of Commitments. (a) The Total Commitment ---------------------------------- (and the Tranche A Term Loan Commitment, B Term Loan Commitment, the Revolving Loan Commitment and the Acquisition Revolving Loan Commitment of each Bank with such a Commitment) shall terminate in its entirety on August 3June 30, 1999 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Building One Services Corp)

Mandatory Reduction of Commitments. (a) The Total Commitment Commitments (and the A Term Loan Commitment, B Term Loan Commitment, Commitment and the Revolving Loan Commitment and the Acquisition Loan Commitment of each Bank with such a CommitmentLender) shall terminate in their entirety on August 3September 15, 1999 unless the Restatement Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Too Inc)

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