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

Mandatory Termination or Reduction of Commitments. The Commitments shall terminate on the Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln Electric Co), Credit Agreement (Bemis Co Inc)

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Mandatory Termination or Reduction of Commitments. (a) The Commitments shall terminate on the Termination Date, Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Bridge Loan Agreement (Venator Group Inc)

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Mandatory Termination or Reduction of Commitments. The Commitments shall terminate on the Termination Date, Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

Appears in 1 contract

Samples: Credit Agreement (Sed International Holdings Inc)

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