Common use of REDUCTIONS OF LETTER OF CREDIT COMMITMENT Clause in Contracts

REDUCTIONS OF LETTER OF CREDIT COMMITMENT. The Letter of Credit Commitment shall not be reduced until such time as the Aggregate Tranche A Commitments shall equal such Letter of Credit Commitment, and thereafter shall in each case be reduced, automatically, by a sum equal to the amount of each such reduction in the Aggregate Tranche A Commitments.

Appears in 3 contracts

Samples: Credit Agreement (Arch Communications Group Inc /De/), Credit Agreement (Arch Wireless Inc), Credit Agreement (Arch Communications Group Inc /De/)

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REDUCTIONS OF LETTER OF CREDIT COMMITMENT. The Letter of Credit Commitment shall not be reduced until such time as the Aggregate Tranche A Commitments Revolving Commitment shall equal such Letter of Credit Commitment, and thereafter shall in each case be reduced, automatically, by a sum equal to the amount of each such reduction in the Aggregate Tranche A CommitmentsRevolving Commitment.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Antec Corp)

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