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

Mandatory Reduction of Revolving Loan Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total Revolving Loan Commitment shall terminate in its entirety upon the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree in writing, the date on which a Change of Control occurs.

Appears in 2 contracts

Samples: Credit Agreement (Shuffle Master Inc), Credit Agreement (Shuffle Master Inc)

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Mandatory Reduction of Revolving Loan Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.033.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety upon on the earlier of (i) the Revolving Loan Final Maturity Date and (ii) unless the Required Lenders otherwise agree in writing, the date on which a Change of Control occursDate.

Appears in 1 contract

Samples: Credit Agreement (Harrahs Entertainment Inc)

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Mandatory Reduction of Revolving Loan Commitments. (a) (i) In addition to any other mandatory commitment reductions pursuant to this Section 4.032.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety upon on the earlier of (i) the Revolving Loan Final Maturity Date and (ii) unless the Required Lenders otherwise agree then in writing, the date on which a Change of Control occurseffect.

Appears in 1 contract

Samples: Credit Agreement (Harrahs Entertainment Inc)

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