Automatic Reduction and Termination. The Commitments of all Lenders shall be automatically reduced to (i) the aggregate outstanding principal balance of the Advances at 5:00 p.m. on the Scheduled Termination Date or (ii) zero on the date selected by the Required Lenders following acceleration as a result of the occurrence of an Event of Default pursuant to Section 6.02.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Logan Ridge Finance Corp.), Revolving Credit and Security Agreement (Logan Ridge Finance Corp.)