Common use of Reduction and Termination Clause in Contracts

Reduction and Termination. (i) The Total Revolving Commitment and the Total Term Commitment shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period.

Appears in 10 contracts

Samples: Credit Agreement (Blue Owl Technology Finance Corp. II), Credit Agreement (Blue Owl Technology Finance Corp. II), Credit Agreement (Blue Owl Technology Finance Corp. II)

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Reduction and Termination. (i) The Total Revolving Commitment (and the Total Term Revolving Commitment of each Lender) shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period. Upon the funding of the Term Loans as set forth in Section 2.1, the amount of the Total Term Commitment shall be reduced to zero.

Appears in 6 contracts

Samples: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Owl Rock Core Income Corp.)

Reduction and Termination. (i) The Total Revolving Commitment (and the Total Term Revolving Commitment of each Lender) shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period. Upon the funding of the Term Loans on the Initial Borrowing Date as set forth in Section 2.1, the amounts of the Total Term Commitment shall be reduced to zero.

Appears in 5 contracts

Samples: Credit Agreement (Owl Rock Capital Corp), Credit Agreement (Owl Rock Capital Corp), Credit Agreement (Owl Rock Capital Corp II)

Reduction and Termination. (i) The Total Revolving Commitment (and the Total Term Revolving Commitment of each Lender) shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period. Upon the funding of the Term Loans on the Initial Borrowing Date and the Reset Amendment Closing Date as set forth in Section 2.1, as applicable, the amounts of the Total Term Commitment shall be reduced to zero.

Appears in 3 contracts

Samples: Credit Agreement (Blue Owl Capital Corp), Credit Agreement (Owl Rock Capital Corp), Credit Agreement (Owl Rock Capital Corp)

Reduction and Termination. (i) The Total Revolving Commitment (and the Total Term Commitment of each Lender) shall be automatically reduced to zero at 5:00 p.m. the close of business (New York City time) on the last day of the Commitment Period.

Appears in 2 contracts

Samples: Credit Agreement (Fifth Street Senior Floating Rate Corp.), Credit Agreement (FS Energy & Power Fund)

Reduction and Termination. (i) The Total Revolving Commitment (and the Total Term Commitment of each Lender) shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period.

Appears in 2 contracts

Samples: Credit Agreement (Golub Capital Private Credit Fund), Credit Agreement (Golub Capital Private Credit Fund)

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Reduction and Termination. (i) The Total Revolving Commitment (and the Total Term Revolving Commitment of each Lender) shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period. Upon the funding of the Term Loans on the Initial Borrowing Date and the Amendment Closing Date as set forth in Section 2.1, as applicable, the amounts of the Total Term Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (Owl Rock Capital Corp)

Reduction and Termination. (i) The Total Revolving Commitment (and the Total Term Revolving Commitment of each Lender) shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment Period. Upon the funding of the Term Loans on the Closing Date as set forth in Section 2.1, the amounts of the Total Term Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (Ares Strategic Income Fund)

Reduction and Termination. (i) The Total Revolving Commitment and the Total Term Commitment shall be automatically reduced to zero at 5:00 p.m. (New York City time) on the last day of the Commitment PeriodPeriod with respect to the Total Revolving Commitment and on the Business Day immediately succeeding the Term Commitment Termination Date with respect to the Total Term Commitment.

Appears in 1 contract

Samples: Credit Agreement (Blue Owl Technology Income Corp.)

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