Common use of Mandatory Reduction of Commitments Clause in Contracts

Mandatory Reduction of Commitments. The Initial Term Loan Commitment of each Lender shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 6 contracts

Samples: Term Loan Credit Agreement (J.Jill, Inc.), Term Loan Credit Agreement (J.Jill, Inc.), Subordinated Term Loan Credit Agreement (J.Jill, Inc.)

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Mandatory Reduction of Commitments. The Initial Term Loan Commitment of each Lender shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Gener8 Maritime, Inc.)

Mandatory Reduction of Commitments. The Initial Term Loan Commitments (and the Initial Loan Commitment of each Lender Lender) shall terminate permanently in its entirety on the Closing Effective Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 2 contracts

Samples: Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.), Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.)

Mandatory Reduction of Commitments. The In addition to the mandatory commitment reduction provided for in Section 2.01, the Total Initial Term Loan Commitment (and the Initial Term Loan Commitment of each Lender Lender) shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 1 contract

Samples: Credit Agreement (Capella Healthcare, Inc.)

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Mandatory Reduction of Commitments. The Initial Term Loan Commitment of each Lender shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Appears in 1 contract

Samples: Second Lien Credit and Guaranty Agreement (Informatica Inc.)

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