Common use of Mandatory Reduction or Termination of Commitments Clause in Contracts

Mandatory Reduction or Termination of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, (i) the remaining unfunded portion of Total US A Term Loan Commitment (and the US A Term Loan Commitment of each Lender) with respect to the Delayed Draw Term Loan shall terminate in its entirety on the Delayed Draw Funding Deadline and (ii) the Total Canadian A Term Loan Commitment (and the Canadian A Term Loan Commitment of each Lender) shall terminate in their entirety on the Effective Date (after the incurrence of the respective Tranches of Term Loans on such date).

Appears in 3 contracts

Samples: Credit Agreement (Silgan Holdings Inc), Credit Agreement (Silgan Holdings Inc), Credit Agreement (Silgan Holdings Inc)

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Mandatory Reduction or Termination of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, (i) the remaining unfunded portion of Total US A Term Loan Commitment (and the US A A-1 Term Loan Commitment and US A-2 Term Loan Commitment of each Lender) with respect to the Delayed Draw Term Loan shall terminate in its entirety on the Delayed Draw Funding Deadline and (ii) the Total Canadian A Term Loan Commitment (and the Canadian A Term Loan Commitment of each Lender) shall terminate in their entirety on the theThird Amendment Effective Date (after the incurrence of the respective Tranches of Term Loans on such date).

Appears in 1 contract

Samples: Credit Agreement (Silgan Holdings Inc)

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