Common use of Reduction of Available Revolving Commitment Clause in Contracts

Reduction of Available Revolving Commitment. If a Bank's Revolving Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for a Revolving Advance and such reduction was not taken into account in the Available Revolving Facility, then the amount of that Revolving Advance shall be reduced accordingly.

Appears in 2 contracts

Samples: Credit Agreement (Comple Tel LLC), Credit Agreement (Comple Tel Europe Nv)

AutoNDA by SimpleDocs

Reduction of Available Revolving Commitment. If a BankXxxxxx's Revolving Commitment is reduced in accordance with the terms hereof at the option of the Borrower after the Facility Agent has received the Notice of Drawdown for a Revolving Advance and such reduction was not taken into account in the Available Revolving Facility, then the amount of that Revolving Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Term Facility Agreement (Genesys Sa)

Reduction of Available Revolving Commitment. If a Bank's Revolving Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for a Revolving Advance and such reduction was not taken into account in the Available Revolving Facility, then both the Original Sterling Amount and the amount of that Revolving Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Loan Agreement (Cemex Sa De Cv)

Reduction of Available Revolving Commitment. If a Bank's Lender’s Revolving Commitment is reduced in accordance with the terms hereof at the option of the applicable Borrower after the Facility Agent has received the Notice of Drawdown for a Revolving Advance and such reduction was not taken into account in the Available Revolving Facility, then the amount of that Revolving Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Term Loan Agreement (Genesys Sa)

AutoNDA by SimpleDocs

Reduction of Available Revolving Commitment. If a Bank's Revolving Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for a Revolving Advance and such reduction was not taken into account in the Available Revolving Facility, then the amount of that Revolving Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Credit Agreement (NTL Europe Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!