Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing. (ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 12 contracts
Samples: Credit Agreement (Corsair Gaming, Inc.), Credit Agreement (Zeta Global Holdings Corp.), Credit Agreement (Zeta Global Holdings Corp.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 7 contracts
Samples: Credit Agreement (Helix Energy Solutions Group Inc), Credit Agreement (Quidel Corp /De/), Credit Agreement (Helix Energy Solutions Group Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit, the Designated Borrower Sublimit, the Dollar Swing Line Sublimit or the Swingline Alternative Currency Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit such Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 5 contracts
Samples: Credit Agreement (Greif Inc), Credit Agreement (Greif Inc), Credit Agreement (Greif Inc)
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero immediately following the Term Borrowing on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 4 contracts
Samples: Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Acadia Healthcare Company, Inc.)
Mandatory. (i) The aggregate Term Commitments under the Initial Term Facility and any Incremental Term Facility shall be automatically and permanently reduced to zero on the date of the applicable Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 4 contracts
Samples: Credit Agreement (MSGE Spinco, Inc.), Credit Agreement (Madison Square Garden Entertainment Corp.), Credit Agreement (Madison Square Garden Entertainment Corp.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero following the funding of the entire Term Loan on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 3 contracts
Samples: Credit Agreement (Tile Shop Holdings, Inc.), Credit Agreement (Tile Shop Holdings, Inc.), Credit Agreement (Tile Shop Holdings, Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date Closing Date upon the funding of the Term BorrowingLoans under the Term Facility.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 3 contracts
Samples: Credit Agreement (RigNet, Inc.), Credit Agreement (RigNet, Inc.), Credit Agreement (RigNet, Inc.)
Mandatory. (i) The aggregate Term Commitments under any Term Facility shall be automatically and permanently reduced to zero on the date of the a Term Borrowing under such Term Facility (after giving effect to such Term Borrowing).
(ii) If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the aggregate Revolving Facility at Credit Commitments, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, sublimit shall be automatically reduced by the amount of such excess.
Appears in 3 contracts
Samples: Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.), Credit Agreement (Vista Outdoor Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of the Revolving Credit Aggregate Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Facility Credit Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (USD Partners LP), Credit Agreement (USD Partners LP)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If If, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Commitments, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 3 contracts
Samples: Credit Agreement (Monster Worldwide, Inc.), Credit Agreement (Monster Worldwide, Inc.), Credit Agreement (Monster Worldwide Inc)
Mandatory. (i) The aggregate Term Commitments under any Term Facility shall be automatically and permanently reduced to zero on the date of the a Term Borrowing under such Term Facility (after giving effect to such Term Borrowing).
(ii) If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Aggregate Revolving Facility at Credit Commitments, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 3 contracts
Samples: Credit Agreement (Alliant Techsystems Inc), Credit Agreement (Alliant Techsystems Inc), Credit Agreement (Alliant Techsystems Inc)
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing, which shall be no later than the Closing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Post Holdings, Inc.)
Mandatory. (i) The Unless previously terminated in accordance with the terms hereof, the aggregate Term A Commitments shall be automatically and permanently reduced to zero at the close of business on the date of the Term BorrowingFunding Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Valvoline Inc), Credit Agreement (Ashland Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowing made on the Eighth Amendment Effective Date.
(ii) If after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit Sublimit, the Alternative Currency Sublimit, or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit, the Alternative Currency Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Team Inc), Credit Agreement (Team Inc)
Mandatory. (i) The aggregate Term B Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (American Renal Associates Holdings, Inc.), Credit Agreement (American Renal Associates Holdings, Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) The Revolving Credit Commitments shall terminate on the Maturity Date for the Revolving Credit Facility. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Nu Skin Enterprises, Inc.), Credit Agreement (Nu Skin Enterprises Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date last day of the Availability Period for the Term BorrowingFacility.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Helix Energy Solutions Group Inc), Credit Agreement (Tidewater Inc)
Mandatory. (i) The aggregate Term Loan Commitments shall be automatically and permanently reduced to zero on the date of the Term Loan Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Diamond Foods Inc), Credit Agreement (Diamond Foods Inc)
Mandatory. (i) The aggregate Term Commitments under any Term Facility shall be automatically and permanently reduced to zero on the date of the a Term Borrowing under such Term Facility (after giving effect to such Term Borrowing).
(ii) If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Aggregate Revolving Facility at Credit Commitments, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, sublimit shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Vista Outdoor Inc.), Credit Agreement (Alliant Techsystems Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit Alternative Currency Sublimit, as applicable, exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Alternative Currency Sublimit, as the case may beapplicable, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Albany Molecular Research Inc), Credit Agreement (Albany Molecular Research Inc)
Mandatory. (i) The then-existing aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the each Term A Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Government Properties Income Trust), Credit Agreement (Government Properties Income Trust)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on immediately after the date funding of the Term BorrowingLoan on the Closing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)
Mandatory. (i) The aggregate Term A-1 Commitments and Term A-2 Commitments shall be automatically and permanently reduced to zero on the date of the Term A-1 Borrowing and Term A-2 Borrowing, respectively.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, 2.05 or the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, time or the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, the Revolving Credit Facility shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Amendment Agreement (CSC Holdings Inc), Credit Agreement (Cablevision Systems Corp /Ny)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date last day of the Availability Period in respect of the Term Borrowing.
Facility and (ii) If if, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Commitments, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Credit Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Pebblebrook Hotel Trust), Credit Agreement (Rexford Industrial Realty, Inc.)
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of immediately after the Term A Borrowing.
(ii) The aggregate Term B Commitments shall be automatically and permanently reduced to zero immediately after the Term B Borrowing.
(iii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (MSCI Inc.), Credit Agreement (MSCI Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date upon disbursement of the Term Borrowing.
Facility and (ii) If if, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Commitments, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Credit Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit and Term Loan Agreement (Dividend Capital Diversified Property Fund Inc.), Credit Agreement (Dividend Capital Diversified Property Fund Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) The aggregate Revolving Commitments shall be automatically and permanently reduced to zero on the date the Availability Period ends.
(iii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Cambium Networks Corp), Credit Agreement (Cambium Networks Corp)
Mandatory. (i) The Unless previously terminated in accordance with the terms hereof, the aggregate Term A Commitments shall be automatically and permanently reduced to zero at the close of business on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Valvoline Inc)
Mandatory. (i) The aggregate Term A-1 Commitments and the aggregate Term A-2 Commitments shall each be automatically and permanently reduced to zero on the date of the applicable Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit, the Designated Borrower Sublimit, the Dollar Swing Line Sublimit or the Swingline Alternative Currency Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit such Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Greif Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on on the date last day of the Availability Period for the Term BorrowingFacility.
(ii) If If, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Facility, the Letter of Credit Sublimit Sublimit, the Foreign Borrower Sublimit, or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.6, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments under anythe Term Facility shall be automatically and permanently reduced to zero on the date of the a Term Borrowing under suchthe Term Facility (after giving effect to such Term Borrowing).
(ii) If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the aggregate Revolving Facility at Credit Commitments, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, sublimit shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of immediately following the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Integra Lifesciences Holdings Corp)
Mandatory. (i) The aggregate Term Commitments outstanding on the Closing Date shall be automatically and permanently reduced to zero on the date of the initial Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Swing Line Sublimit or the Letter of Credit Sublimit or Sublimit, as the Swingline Sublimit case may be, exceeds the Revolving Credit Facility at such time, the Swing Line Sublimit or the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero immediately following the Term Borrowing on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Integra Lifesciences Holdings Corp)
Mandatory. (i) The aggregate Term B Commitments shall be automatically and permanently reduced to zero on the date of the Term B Borrowing.
(ii) If If, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Commitments, the Foreign Currency Sublimit, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Invacare Corp)
Mandatory. (i) i. The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) . If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit, the Alternative Currency Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit, the Alternative Currency Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Lydall Inc /De/)
Mandatory. (i) The aggregate Upon each Term Borrowing, the Term Commitments with respect thereto shall be automatically and permanently reduced to zero on the date of the Term Borrowingzero.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.05, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) The Temporary Revolving Commitments shall be automatically and permanently terminated on the TerminationFourth Amendment Effective Date.
(iii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (SP Plus Corp)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date last day of the Availability Period for the Term Borrowing.Facility,
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Calix, Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date Closing Date but after the disbursement of the Term BorrowingLoans.
(ii) If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Aggregate Revolving Facility at Credit Commitments, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Quantum Corp /De/)
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.05, the Letter of Credit Sublimit or the Swingline Swing Loan Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Loan Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (CSC Holdings Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit, the Alternative Currency Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit, the Alternative Currency Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Lydall Inc /De/)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of of, and after giving effect to, the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.05, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.05, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) i. The aggregate Term A-1 Commitments and the aggregate Term A-2 Commitments shall each be automatically and permanently reduced to zero on the date of the applicable Term Borrowing.
(ii) . If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit, the Designated Borrower Sublimit, the Dollar Swing Line Sublimit or the Swingline Alternative Currency Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit such Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Greif, Inc)
Mandatory. (i) The aggregate Aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of immediately following the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Integra Lifesciences Holdings Corp)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Amedisys Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date last day of the Availability Period for the Term BorrowingFacility.
(ii) If If, after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.07, the Competitive Loan Sublimit, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Competitive Loan Sublimit, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on upon the earlier of (i) May 1, 2007 and (ii) the date of the third Term Borrowing (or the first or second Term Borrowing, if the entire amount of the Term Facility is drawn as a part of such Borrowing).
(ii) If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Aggregate Revolving Facility at Credit Commitments, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: First Lien Senior Secured Credit Agreement (WII Components, Inc.)
Mandatory. (i) The aggregate Term B Commitments shall be automatically and permanently reduced to zero on the date of the Term B Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: First Lien Credit Agreement (RiskMetrics Group Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowingzero.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments for the Term Facility shall be automatically and permanently reduced to zero on the date of the Term BorrowingBorrowing (after giving effect to the Term Borrowing made on such day).
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Ameresco, Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date last day of the Availability Period for the Term BorrowingFacility.
(ii) If If, after giving effect to any reduction or termination of (x) Revolving Credit Commitments under this Section 2.062.07, the Letter of Credit Sublimit, the Swing Line Sublimit or the Swingline Alternative Currency Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit, the Swing Line Sublimit or the Swingline Alternative Currency Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Corporate Property Associates 17 - Global INC)
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing, which shall be on the Closing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, 2.06 the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the aggregate Revolving Facility Credit Facilities at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing.
(ii) If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.Facility Availability Expiration Date.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Team Inc)
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero following the Term A Borrowing to occur on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of the Revolving Commitments Facility under this Section 2.06, the Letter of Credit Sublimit, the Swingline Sublimit or the Swingline Alternative Currency Sublimit at such time exceeds the Revolving Facility at such time, the Letter of Credit Sublimit, the Swingline Sublimit or the Swingline Alternative Currency Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Meet Group, Inc.)
Mandatory. (i) The aggregate (i) Upon each Term Borrowing, the Term Commitments with respect thereto shall be automatically and permanently reduced to zero on the date of the Term Borrowingzero.
(ii) (ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.05, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
Closing Date and (ii) If if, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Commitments, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Credit Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) The aggregate Term Loan Commitments shall be automatically and permanently reduced to zero on the date of immediately after the Term Loan Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.05, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the funding of the Term BorrowingLoans.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If If, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Facility, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the amount of the Revolving Facility at such timeCredit Facility, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Commitments Facility under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of of, and after giving effect to, the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
(iii) The Revolving Credit Facility shall be automatically and permanently reduced by an amount equal to the applicable Reduction Amount as contemplated by Section 2.05(b)(viii) .
Appears in 1 contract
Samples: Credit Agreement (Diamond Foods Inc)
Mandatory. (i) The aggregate Term B Commitments shall be automatically and permanently reduced to zero on the date of the Term B Borrowing.
(ii) If after giving effect to any reduction or termination of the Revolving Commitments Credit Facility under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Term A Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (On Assignment Inc)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit Sublimit, the Alternative Currency Sublimit, or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit Sublimit, the Alternative Currency Sublimit, or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) i. The aggregate Term Commitments shall be automatically and permanently reduced to zero (0) on the date of the Borrowing of the Term BorrowingLoan.
(ii) . If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Aggregate Revolving Facility Commitments at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) The aggregate Term Loan Commitments shall be automatically and permanently reduced to zero on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.07, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Vontier Corp)
Mandatory. (i) The Unless previously terminated in accordance with the terms hereof, the aggregate Term A Commitments shall be automatically and permanently reduced to zero at the close of business on the date of the Term BorrowingAmendment and Restatement Effective Date.
(ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Valvoline Inc)
Mandatory. (i) The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the date of the Borrowing of Term BorrowingA Loans pursuant to Section 2.01(a).
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Ducommun Inc /De/)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on upon the date earlier of the disbursement of Term Loans in an aggregate amount equal to the total Term Commitments of all Lenders and the expiration of the Term Borrowing.
Loan Draw Deadline, and (ii) If if, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Commitments, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Credit Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Black Creek Diversified Property Fund Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced (A) by the amount of any Borrowing of the Term Loans pursuant to Section 2.01(a), and (B) to zero on the date last day of the Availability Period for the Term BorrowingFacility.
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Ducommun Inc /De/)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero following the Term Borrowing to occur on the date of the Term BorrowingClosing Date.
(ii) If after giving effect to any reduction or termination of Revolving Commitments Facility under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit at such time exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) The aggregate Term Loan Commitments shall be automatically and permanently reduced to zero on the date of the Term Loan Borrowing, except as otherwise provided in Section 2.05(c).
(ii) If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the Aggregate Revolving Facility Commitments at such time, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Mandatory. (i) i. The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
(ii) . If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (NV5 Global, Inc.)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero following the Term BorrowingBorrowings to occur on the date of the Term BorrowingClosingThird Amendment Effective Date.
(ii) If after giving effect to any reduction or termination of Revolving Commitments Facility under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit at such time exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
Closing Date, and (ii) If if, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Commitments, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Credit Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Appears in 1 contract
Samples: Credit Agreement (Highwoods Realty LTD Partnership)
Mandatory. (i) The aggregate Term Commitments shall be automatically and permanently reduced to zero (0) on the date of the Term Borrowing.
Closing Date and (ii) If if, after giving effect to any reduction or termination of the Revolving Commitments under this Section 2.06Credit Commitments, the Letter of Credit Sublimit or the Swingline Swing Line Sublimit exceeds the amount of the Revolving Facility at Credit Facility, such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
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