Common use of Reduction of Advances Clause in Contracts

Reduction of Advances. If a Bank's Commitment is reduced in accordance with the terms hereof after the Facility Agent (or in the case of a Revolving Credit Advance denominated in an Optional Currency, the Multicurrency Facility Agent) has received the Utilisation Request for a Revolving Credit Advance, then both the Dollar Amount and the amount of that Revolving Credit Advance shall be reduced accordingly.

Appears in 4 contracts

Samples: And Restatement Agreement (Royal Ahold), And Restatement Agreement (Royal Ahold), Agreement (Royal Ahold)

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