Common use of Reduction of Commitments Clause in Contracts

Reduction of Commitments. The aggregate Commitments shall be automatically and permanently reduced to zero upon the funding of the Loans on the Closing Date.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Avery Dennison Corp), Credit Agreement (Avery Dennison Corporation)

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Reduction of Commitments. The aggregate Aggregate Commitments shall be automatically and permanently reduced to zero upon the funding of the Loans on the Closing Date.

Appears in 4 contracts

Samples: Term Loan Agreement (Chicago Bridge & Iron Co N V), Term Loan Agreement (Chicago Bridge & Iron Co N V), Term Loan Agreement (Chicago Bridge & Iron Co N V)

Reduction of Commitments. The aggregate Commitments shall be automatically and permanently reduced to zero upon the funding making of the Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Diamond Foods Inc)

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Reduction of Commitments. The aggregate Commitments shall be automatically and permanently reduced to zero on the Closing Date upon the funding of the Loans on the Closing Dateinitial Borrowing.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Smart Balance, Inc.)

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