Common use of Reduction of Commitments Clause in Contracts

Reduction of Commitments. The Total Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Date.

Appears in 5 contracts

Samples: Financing Agreement (Turtle Beach Corp), Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Delek US Holdings, Inc.)

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Reduction of Commitments. The Total Initial Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Date.

Appears in 2 contracts

Samples: Financing Agreement (Beachbody Company, Inc.), Financing Agreement (Beachbody Company, Inc.)

Reduction of Commitments. The Total Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Term Loan Commitment Termination Date. In addition, the Total Term Loan Commitment (and the Term Loan Commitment of each Lender if there is more than one Lender hereunder) shall be reduced in accordance with Section 2.01(b).

Appears in 2 contracts

Samples: Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC)

Reduction of Commitments. The Total Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Term Loan Commitment Termination Date. In addition, the Total Term Loan Commitment and the Term Loan Commitment of each Lender shall be reduced in accordance with Section 2.01(b).

Appears in 2 contracts

Samples: Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC)

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Reduction of Commitments. The Total Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Date.

Appears in 1 contract

Samples: Financing Agreement (Ascend Wellness Holdings, LLC)

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