Common use of Mandatory Reductions Clause in Contracts

Mandatory Reductions. The aggregate unfunded Delayed Draw Term Loan Commitments shall automatically terminate at the expiration of the Delayed Draw Term Loan Availability Period.

Appears in 5 contracts

Samples: Term Loan Credit Agreement (Madison Square Garden Entertainment Corp.), Term Loan Credit Agreement (Sphere Entertainment Co.), Loan Credit Agreement (MSGE Spinco, Inc.)

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Mandatory Reductions. (i) The aggregate unfunded Delayed Draw Term Loan Commitments shall automatically terminate at the expiration of the Delayed Draw Term Loan Availability Period.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Madison Square Garden Sports Corp.), Term Loan Credit Agreement (Madison Square Garden Entertainment Corp.), Loan Credit Agreement (Spirit AeroSystems Holdings, Inc.)

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