Common use of Termination of Term Loan Commitments Clause in Contracts

Termination of Term Loan Commitments. The Term Loan Commitments shall be automatically and permanently reduced to zero upon the Borrowing of the Term Loan on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Coherus BioSciences, Inc.), Credit Agreement (Relypsa Inc)

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Termination of Term Loan Commitments. The Aggregate Term Loan Commitments shall be automatically and permanently reduced to zero upon on the Borrowing date of the Term Loan on the Closing DateBorrowing.

Appears in 2 contracts

Samples: Credit Agreement (Cash America International Inc), Credit Agreement (Cash America International Inc)

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Termination of Term Loan Commitments. The (a) If the Funding Date occurs, the aggregate Term Loan Commitments shall be automatically and permanently reduced to zero upon the Borrowing borrowing of the Term Loan on the Closing Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Salesforce Com Inc)

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