Common use of LOC Committed Amount Clause in Contracts

LOC Committed Amount. If the Revolving Committed Amount is reduced below the then current LOC Committed Amount, the LOC Committed Amount shall automatically be reduced by an amount such that the LOC Committed Amount equals the Revolving Committed Amount.

Appears in 53 contracts

Sources: Credit Agreement (Universal Health Realty Income Trust), Credit Agreement (Ani Pharmaceuticals Inc), Credit Agreement (Fluent, Inc.)

LOC Committed Amount. If the Revolving Committed Amount is reduced below the then current LOC Committed Amount, the LOC Committed Amount shall automatically be reduced by an amount such that the LOC Committed Amount equals the Revolving Committed Amount. For the avoidance of doubt, the Revolving Committed Amount shall not be reduced below the then-outstanding LOC Obligations.

Appears in 1 contract

Sources: Escrow Agreement (Atlas Merger Subsidiary, Inc.)

LOC Committed Amount. If the U.S. Revolving Committed Amount is reduced below the then current LOC Committed Amount, the LOC Committed Amount shall automatically be reduced by an amount such that the LOC Committed Amount equals the U.S. Revolving Committed Amount.

Appears in 1 contract

Sources: Credit Agreement (VOXX International Corp)

LOC Committed Amount. If the Revolving A Committed Amount is reduced below the then current LOC Committed Amount, the LOC Committed Amount shall automatically be reduced by an amount such that the LOC Committed Amount equals the Revolving A Committed Amount.

Appears in 1 contract

Sources: Credit Agreement (Universal Health Realty Income Trust)