Term Commitments. On the making of the Term Advances on the Closing Date, each Lender’s Term Commitment shall be reduced to zero. Any reduction or termination of the Term Commitments pursuant to this Section 2.1(c)(ii) shall be permanent, with no obligation of the Lenders to reinstate such Commitments.
Appears in 3 contracts
Samples: Credit Agreement (Flotek Industries Inc/Cn/), Credit Agreement (Flotek Industries Inc/Cn/), Credit Agreement (Flotek Industries Inc/Cn/)
Term Commitments. On the making of the Term Advances Loans on the Closing Date, each Term Lender’s Term Commitment shall be reduced to zero. Any Such reduction or termination of the Term Commitments Commitment pursuant to this Section 2.1(c)(ii2.08(a) shall be permanent, with no obligation of the Lenders any Term Lender to reinstate such CommitmentsTerm Commitment.
Appears in 2 contracts
Samples: Credit Agreement (Unit Corp), Credit Agreement (Unit Corp)
Term Commitments. On the making of the Term Advances on the Closing Date, each Term Lender’s Term Commitment in effect on the Closing Date shall be reduced to zero. On the making of the Term Advances on any Increase Date, each Term Lender’s Term Commitment, as increased by such Commitment Increase, shall be reduced to zero. Any reduction or termination of the Term Commitments pursuant to this Section 2.1(c)(ii) shall be permanent, with no obligation of the Term Lenders to reinstate such Term Commitments.
Appears in 2 contracts
Samples: Credit Agreement (NCS Multistage Holdings, Inc.), Credit Agreement (Steel Excel Inc.)
Term Commitments. On the making of the Term Advances on the Closing Date, each the Lender’s 's Term Commitment shall be reduced to zero. Any Such reduction or termination of the Term Commitments Commitment pursuant to this Section 2.1(c)(ii) shall be permanent, with no obligation of the Lenders any Lender to reinstate such CommitmentsTerm Commitment.
Appears in 2 contracts
Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)
Term Commitments. On the making of the Term Advances on the Closing Effective Date, each Lender’s Term Commitment shall be reduced to zero. Any reduction or termination of the Term Commitments pursuant to this Section 2.1(c)(ii) shall be permanent, with no obligation of the Lenders to reinstate such Commitments.
Appears in 1 contract
Term Commitments. On the making of the Term Advances on the Closing Date, each Lender’s 's Term Commitment shall be reduced to zero. Any reduction or termination of the Term Commitments pursuant to this Section 2.1(c)(ii) shall be permanent, with no obligation of the Lenders to reinstate such Commitments.
Appears in 1 contract
Samples: Credit Agreement (Boots & Coots International Well Control Inc)
Term Commitments. On the making of the Term Advances on the Closing Date, each Lender’s 's Term Commitment shall be reduced to zero. Any reduction or termination of the Term Commitments pursuant to this Section 2.1(c)(ii2.04(b) shall be permanent, with no obligation of the Lenders to reinstate such Term Commitments.
Appears in 1 contract
