Common use of Termination and Reduction of the Aggregate Commitment Clause in Contracts

Termination and Reduction of the Aggregate Commitment. (a) Unless previously terminated, the Aggregate Commitment shall terminate on the Maturity Date.

Appears in 15 contracts

Samples: Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Exco Resources Inc)

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Termination and Reduction of the Aggregate Commitment. (a) Unless previously terminated, the Aggregate Commitment Commitments shall terminate on the Maturity Date. If at any time the Maximum Facility Amount or the Borrowing Base is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

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