Common use of REDUCTION OF AVAILABLE TERM COMMITMENT Clause in Contracts

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

Appears in 2 contracts

Samples: Credit Agreement (United Surgical Partners International Inc), Credit Agreement (United Surgical Partners International Inc)

AutoNDA by SimpleDocs

REDUCTION OF AVAILABLE TERM COMMITMENT. If a BankLender's relevant Available Term Commitment is reduced in accordance with the terms hereof at the option of the Borrower after the Agent has received the Notice of Drawdown for a Term Advance and such reduction was not taken into account in calculating the relevant Available Term Facility, then the amount of that Term Advance shall be reduced accordingly. 4.

Appears in 1 contract

Samples: Agreement (Genesys Sa)

AutoNDA by SimpleDocs

REDUCTION OF AVAILABLE TERM COMMITMENT. If a Bank's relevant Available Term Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for a the Term Advance and such reduction was not taken into account in calculating the relevant Available Term FacilityAdvance, then the amount of that the Term Advance shall be reduced accordingly.

Appears in 1 contract

Samples: Adt Limited

Time is Money Join Law Insider Premium to draft better contracts faster.