Common use of Mandatory Reduction of Commitments Clause in Contracts

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date.

Appears in 4 contracts

Samples: Credit Agreement (Interior Logic Group Holdings, LLC), Intercreditor Agreement (Vertiv Holdings Co), Intercreditor Agreement (VERRA MOBILITY Corp)

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Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 4 contracts

Samples: Second Lien Term Loan Credit Agreement (PAE Inc), First Lien Term Loan Credit Agreement (PAE Inc), Term Loan Credit Agreement

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the The Total Initial Term Loan Commitment (and the Term Loan Commitments of each Term Lender) shall terminate in its entirety on the Closing earlier of the Initial Borrowing Date after and the funding of all Initial Term Loans on such dateLoan Commitment Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Athena Spinco Inc.)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02subsection 4.4, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Effective Date after the funding of all Initial Term Loans on such date.

Appears in 3 contracts

Samples: Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date. In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Additional Term B Loan Commitment shall terminate in its entirety on the Amendment No. 1 Effective Date after the funding of all Term B Loans to be funded pursuant thereto on such date.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Vertiv Holdings Co), Term Loan Credit Agreement (Vertiv Holdings Co), Term Loan Credit Agreement (Vertiv Holdings Co)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the The Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (OCI Partners LP)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Term B-1 Loan Commitments and the Total Initial Term B-2 Loan Commitment Commitments shall terminate in its their entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 2 contracts

Samples: Security Agreement (OCI Partners LP), Credit Agreement (OCI Partners LP)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.03, the Total Initial Term Loan Commitment (and the Term Loan Commitment of each Term Loan Lender) shall terminate in its entirety on the Closing Date (after giving effect to the funding making of all Initial the Term Loans on such date).

Appears in 2 contracts

Samples: Credit Agreement (International Money Express, Inc.), Credit Agreement (Fintech Acquisition Corp. II)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.03, the Total Initial B Term Loan Commitment (and the B Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Closing Initial Borrowing Date (after giving effect to the funding incurrence of all Initial B Term Loans on such date).

Appears in 2 contracts

Samples: Credit Agreement (Bway Parent Company, Inc.), Credit Agreement (Phoenix Container, Inc.)

Mandatory Reduction of Commitments. (ao) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 1 contract

Samples: Security Agreement (Performance Sports Group Ltd.)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Initial Term Loan Commitment (and the Term Loan Commitment of each Lender) shall terminate in its entirety on the Closing Date Initial Borrowing Date, after the funding giving effect to all Borrowings of all Initial Term Loans on such date.

Appears in 1 contract

Samples: Credit Agreement (General Maritime Corp/)

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Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate terminated in its entirety on the Closing First Restatement Effective Date after the funding of all Initial Term Loans on such date.

Appears in 1 contract

Samples: And Restatement Agreement (VERRA MOBILITY Corp)

Mandatory Reduction of Commitments. (a) In addition to any other the mandatory commitment reductions pursuant to this reduction provided for in Section 4.022.01, the Total Initial Term Loan Commitment (and the Initial Term Loan Commitment of each Lender) shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 1 contract

Samples: Intercreditor Agreement (Capella Healthcare, Inc.)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Initial Term Loan Commitment (and Term Loan Commitment of each Bank) shall terminate in its entirety on the Merger Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 1 contract

Samples: Credit Agreement (Pine Holdings Inc)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.3, the Total Initial Term Loan Commitment (and the Term Loan Commitment of each Lender) shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (FTT Holdings, Inc.)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.3, the Total Initial Term Loan Commitment of each Lender shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Anvilire)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.3, the Total Initial Term Loan Commitment (and the Term Loan Commitment of each Lender) shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial the Term Loans on such date).

Appears in 1 contract

Samples: Credit Agreement (Infousa Inc)

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial The Term Loan Commitment shall terminate in its entirety on the Closing Initial Borrowing Date (after giving effect to the funding making of all Initial the Term Loans Loan on such date).

Appears in 1 contract

Samples: Credit Agreement (Semiconductor Packaging Materials Co Inc)

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