Common use of Mandatory Reduction of Commitments Clause in Contracts

Mandatory Reduction of Commitments. The Commitment shall be permanently reduced by the amount of each Loan made on the Restatement Date.

Appears in 5 contracts

Samples: Credit Agreement (Verano Holdings Corp.), Credit Agreement (Verano Holdings Corp.), Credit Agreement (Verano Holdings Corp.)

AutoNDA by SimpleDocs

Mandatory Reduction of Commitments. The Commitment Commitments shall be permanently reduced by the amount of each Loan made on the Restatement DateClosing Date and on each Subsequent Funding Date thereafter.

Appears in 4 contracts

Samples: Credit Agreement (Goodness Growth Holdings, Inc.), Credit Agreement (Goodness Growth Holdings, Inc.), Credit Agreement (Vireo Health International, Inc.)

Mandatory Reduction of Commitments. The Commitment shall be permanently reduced by the amount of each Loan made on the Restatement Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (Verano Holdings Corp.), Credit Agreement (TerrAscend Corp.), Credit Agreement

Mandatory Reduction of Commitments. The Commitment of each Lender shall be permanently reduced by the amount of each Loan made by such Lender on the Restatement Closing Date, the Second Amendment Date or the Incremental Loan Effective Date, as applicable.

Appears in 2 contracts

Samples: Credit Agreement and Security Agreements (TerrAscend Corp.), Credit Agreement and Security Agreements (TerrAscend Corp.)

AutoNDA by SimpleDocs

Mandatory Reduction of Commitments. The Each Commitment shall be permanently reduced by the amount of each Loan made thereunder on the Restatement DateClosing Date and on each Subsequent Funding Date thereafter.

Appears in 1 contract

Samples: Credit Agreement (Vireo Growth Inc.)

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