Common use of Mandatory Termination and Reduction of Commitment Clause in Contracts

Mandatory Termination and Reduction of Commitment. (a) The Commitment shall terminate on the Expiration Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Sjit Inc), Note Purchase Agreement (Medaphis Corp)

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Mandatory Termination and Reduction of Commitment. (a) The Commitment shall terminate on the earlier of the Expiration DateDate or the Takedown hereunder.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Lincoln Electric Holdings Inc), Bridge Financing Agreement (Citation Corp /Al/)

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Mandatory Termination and Reduction of Commitment. (a) The Commitment shall terminate on the earlier of the Expiration DateDate or the Second Takedown.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nextera Enterprises Inc)

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