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

Mandatory Reduction of Revolving Loan Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety on May 30, 1997 unless the Effective Date has occurred on or before such date.

Appears in 2 contracts

Samples: Credit Agreement (Therma Wave Inc), Credit Agreement (Therma Wave Inc)

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Mandatory Reduction of Revolving Loan Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety on May April 30, 1997 1998 unless the Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (McMS Inc)

Mandatory Reduction of Revolving Loan Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety on May November 30, 1997 1996 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Superior Telecom Inc)

Mandatory Reduction of Revolving Loan Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety on May 30February 15, 1997 unless the Effective Initial Borrowing Date has shall have occurred on or before prior to such date.

Appears in 1 contract

Samples: Credit Agreement (Neodata Services Inc)

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Mandatory Reduction of Revolving Loan Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each BankLender) shall terminate in its entirety on May 30December 31, 1997 1996 unless the Effective Initial Borrowing Date has occurred on or before such date.

Appears in 1 contract

Samples: Reducing Revolving Credit Agreement (Di Industries Inc)

Mandatory Reduction of Revolving Loan Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety on May 30March 31, 1997 unless the Effective Date has occurred on or before such date.

Appears in 1 contract

Samples: Credit Agreement (Tracor Inc /De)

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