Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment shall terminate on the Revolving Loan Commitment Termination Date. (b) The Total A Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of A Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments. (c) The Total B Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of B Term Loans then outstanding and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments. (d) The Total Acquisition Term Loan Commitment shall be reduced (i) on the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payment. (e) The Total Revolving Loan Commitment and the Maximum Swingline Amount shall be permanently reduced, in each case, in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a). (f) Each reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Appears in 3 contracts
Sources: Credit Agreement (Morris Material Handling Inc), Credit Agreement (MMH Holdings Inc), Credit Agreement (MMH Holdings Inc)
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan ------------------------------------------ Commitment (and the Commitment of each Lender) shall terminate in its entirety on the Revolving Loan Commitment Termination DateExpiration Date unless the Closing Date has occurred on or before such date.
(b) The Total A B Term Loan Commitment shall be reduced (i) be reduced on the Closing Date date any B Term Loans are incurred in an amount equal to the aggregate principal amount of A B Term Loans then outstanding so incurred, (ii) terminate in its entirety (to the extent not theretofore terminated) at 5:00 P.M. (New York time) on the B Termination Date, whether or not any B Term Loans are incurred on such date, (iii) until terminated in full, be reduced on each day on which Term Loans, if still outstanding, would be required to be repaid pursuant to Sections 3.02(A)(c), (e) and (iif) by the amount, if any, by which the amount required to be applied pursuant to said Sections to repay B Term Loans (determined as if an unlimited amount of Term Loans were actually outstanding) exceeds the aggregate principal amount of B Term Loans being repaid, (iv) terminate in its entirety (to the extent not theretofore terminated) on the date of the initial issuance of any Permitted Subordinated Debt, (v) terminate in its entirety on the day on which a Change of Control occurs and (vi) be increased after any payments of principal on the A B Term Loans are made (other than have been mandatorily repaid pursuant to Section 3.02(A)(a)3.02 or the Total B Term Loan Commitment has been reduced pursuant to clause (iii) or (iv) above in an the aggregate amount equal of such repayment and/or reduction to such paymentsthe extent new B Term Commitments are provided pursuant to a B Term Commitment Renewal.
(c) The Total B C Term Loan Commitment shall be reduced (i) terminate in its entirety on the Closing Date (after giving effect to the amount making of B C Term Loans then outstanding and (ii) Loans-Floating Rate on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(asuch date)) in an aggregate amount equal to such payments.
(d) The Total Acquisition Term Loan Revolving Commitment shall be reduced (i) on the Acquisition Term Loan Commitment Termination Date to the amount June 30, 2001 and on each successive three-month anniversary of Acquisition Term Loans then outstanding and (ii) on the such date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to 1/13th of Total Revolving Commitment outstanding on June 30, 2001 (each such paymentreduction, together with each reduction of the Total Acquisition Commitment required by Section 2.03(e), as the same may be reduced as provided in Section 2.02 and, in the case of the Total Acquisition Commitment, Section 2.03(f), a "Scheduled Reduction").
(e) The Total Revolving Loan Acquisition Commitment and the Maximum Swingline Amount shall be permanently reducedreduced on each of March 31, 2002 and each successive three-month anniversary of such date in each casean aggregate amount equal to 1/10th of the Total Acquisition Commitment outstanding on March 31, in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a)2002.
(f) Each reduction The Total Revolving Commitment and Total Acquisition Commitment (to the extent outstanding) shall each be reduced on each date on which (x) no Term Loans or termination Term Commitments are outstanding (after giving effect to the application on or prior to such date of the A provisions of Sections 3.02(A) and 2.03(b)) and (y) Term Loan CommitmentLoans, if still outstanding, would be required to be repaid pursuant to Sections 3.02(A)(c), (d), (e), (f) or (g) by the amount, if any, by which the amount required to be applied pursuant to said Sections as a result of the events described therein (determined as if an unlimited amount of Term Loans were actually outstanding) exceeds the aggregate principal amount of Term Loans being repaid and the B Term Loan CommitmentCommitments being reduced as a result of such events, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment with any commitment reduction pursuant to this Section 2.02 2.03(f) to apply pro rata --- ---- between the Total Revolving Commitment and the Total Acquisition Commitment.
(g) Each of the Total Revolving Commitment and the Total Acquisition Commitment shall terminate in its entirety on the earlier of (x) the AF/RF Maturity Date and (y) the date on which a Change of Control occurs.
(h) Each partial reduction of the Commitments under a Facility pursuant to this Section 2.03 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, under such Facility of each BankLender.
Appears in 2 contracts
Sources: Credit Agreement (MJD Communications Inc), Credit Agreement (MJD Communications Inc)
Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Term Commitment and Revolving Loan Commitment of each Lender) shall terminate in its entirety on the Revolving Loan Commitment Termination DateExpiration Date unless the Initial Borrowing Date has occurred on or before such date.
(b) The Total A Term Loan Commitment shall be reduced (i) terminate in its entirety on the Closing Initial Borrowing Date (after giving effect to the amount making of A Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(asuch date)) in an aggregate amount equal to such payments.
(c) The Total B Term Loan Revolving Commitment shall be reduced (i) terminate in its entirety on the Closing Date to the amount of B Term Loans then outstanding and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsFinal Maturity Date.
(d) The On each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(c), (d), (e), (f) or (g) is required (and exceeds in amount the aggregate principal amount of Term Loans then outstanding) or would be required if Term Loans were then outstanding, the Total Acquisition Term Loan Revolving Commitment shall be permanently reduced (i) on by the Acquisition Term Loan Commitment Termination Date to amount, if any, by which the amount required to be applied pursuant to said Section (determined as if an unlimited amount of Acquisition Term Loans were actually outstanding) exceeds the aggregate principal amount of Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentoutstanding.
(e) The Total Revolving Loan Commitment If a Change of Control shall occur, the Borrower shall, within five Business Days after the occurrence thereof, give each Lender notice thereof and shall describe in reasonable detail the facts and circumstances giving rise thereto. If, within 30 days of the giving of such notice the Administrative Agent, at the request of the Required Lenders, shall have given written notice to the Borrower that the provisions of this Section 3.03(e) and of Section 4.02(A)(i) shall apply, then each RF Lender may, by written notice to the Borrower and the Maximum Swingline Amount shall be permanently reducedAdministrative Agent given not later than 60 days after such Change of Control, in each case, in the amount and at the time of any payment terminate its Revolving Commitment effective on the Loans required to be applied to tenth day following the Revolving Loans, Swingline Loans, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters giving of Credit or Acceptances pursuant to Section 3.02(B)(a)such notice by an RF Lender.
(f) Each partial reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 3.03 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Revolving Commitment or the Revolving Loan Commitment, as the case may be, of each BankRF Lender.
Appears in 2 contracts
Sources: Credit Agreement (National Tobacco Co Lp), Credit Agreement (National Tobacco Co Lp)
Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment (and the A Term Loan Commitment, B Term Loan Commitment and Revolving Loan Commitment of each Bank) shall terminate on July 31, 1997 unless the Revolving Loan Commitment Termination DateInitial Borrowing Date has occurred on or before such date.
(bi) The Total A Term Loan Commitment shall (x) be reduced on each date on which A Term Loans are incurred (i) on the Closing Date after giving effect to the incurrence of A Term Loans on such date), in an amount equal to the aggregate principal amount of A Term Loans then outstanding incurred on such date, and (iiy) on the date on which any payments of principal terminate in its entirety on the A Term Loan Availability Termination Date after giving effect to any incurrence of A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to on such paymentsdate.
(cii) The Total B Term Loan Commitment shall be reduced (i) terminate on the Closing Date Initial Borrowing Date, after giving effect to the amount making of B Term Loans then outstanding and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to on such paymentsdate.
(d) The Total Acquisition Term Loan Commitment shall be reduced (i) on the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payment.
(ec) The Total Revolving Loan Commitment (and the Maximum Swingline Amount Revolving Loan Commitment of each Bank) shall be permanently reduced, in each case, in the amount and at the time of any payment terminate on the Loans required to be applied to earlier of (i) the date on which a Change of Control Event occurs and (ii) the Revolving Loans, Swingline Loans, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a)Maturity Date.
(fd) Each reduction or termination adjustment of the Total A Term Loan Commitment, the Total B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 3.03 (or pursuant to Section 4.02) shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Appears in 1 contract
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment Commitments shall terminate on the Revolving Loan Commitment Termination Date.
(b) The Total A Term Loan Commitment Commitments shall be reduced (i) on the Closing Date terminate as to the amount of any portion of the Total A Term Loans then outstanding Loan Commitments not utilized by the Borrower on the Closing Date.
(c) The Total B Term Loan Commitments shall terminate as to the amount of any portion of the Total B Term Loan Commitments not utilized by the Borrower on the Closing Date. DRAFT: March 21, 1997 H:\WPCDOCS\1186\141151
(d) The Total Term Loan Commitments shall automatically be reduced, on a pro rata basis, between the Total A Term Loan Commitments and the Total B Term Loan Commitments, by the amount of any reduction of the funding necessary for the Refinancing.
(iie) The Total Term Loan Commitments shall be reduced on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(cf) The Each reduction to the Total A Term Loan Commitments or the Total B Term Loan Commitment Commitments or termination of the Total Revolving Loan Commitments pursuant to this Section 2.02 shall be reduced (i) on the Closing Date apply proportionately to the amount of B A Term Loans then outstanding and (ii) on the date on which any payments of principal on Loan Commitment, the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsLoan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
(d) The Total Acquisition Term Loan Commitment shall be reduced (i) on the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payment.
(eg) The Total Revolving Loan Commitment and the Maximum Swingline Amount Commitments shall be permanently reduced, in each case, reduced in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Loans or the Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances Commitment pursuant to Section 3.02(B)(a).
(f) Each reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Appears in 1 contract
Sources: Credit Agreement (Carson Inc)
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment shall terminate on the Revolving Loan Commitment Termination Date.
(b) The Total A Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of A Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(c) The Total B Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of B Term Loans then outstanding and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(d) The Total Acquisition Term Revolving Loan Commitment shall be permanently reduced (i) on the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payment.
(e) The Total Revolving Loan Commitment and the Maximum Swingline Amount shall be permanently reduced, in each case, in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Loans or Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a).
(fe) Each reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Appears in 1 contract
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment shall terminate in its entirety on January 31, 1998, unless the Revolving Loan Commitment Termination DateInitial Borrowing Date has occurred on or before such date.
(b) The Each of the Total U.S. Dollar A Term Loan Commitment, Total Canadian Dollar A Term Loan Commitment, Total U.K. A Term Loan Commitment, the Total B Term Loan Commitment and the Total C Term Loan Commitment shall be reduced (i) terminate in its entirety on the Closing Date Initial Borrowing Date, after giving effect to the amount making of A the respective Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsdate.
(c) The Total B Term Loan Revolving Credit Commitment (and the Revolving Credit Commitment of each Revolving Bank) shall be reduced terminate in their entirety on the earlier of (i) the date on the Closing Date to the amount which a Change of B Term Loans then outstanding Control Event occurs and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsRevolving Loan Maturity Date.
(d) The From and after payment in full of the Term Loans, on each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(c), (d), (e), (f) or (g) would otherwise be required, the Total Acquisition Term Loan Revolving Credit Commitment shall be permanently reduced (i) on by the Acquisition Term Loan Commitment Termination Date amount, if any, required to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then be applied pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsaid Sections.
(e) The Each reduction of the Total U.S. Dollar A Term Loan Commitment, Total Canadian Dollar A Term Loan Commitment, Total U.K. A Term Loan Commitment, the Total B Term Loan Commitment, the Total C Term Loan Commitment or the Total Revolving Loan Credit Commitment and the Maximum Swingline Amount pursuant to this Section 3.03 shall be permanently reduced, in each case, in the amount and at the time of any payment on the Loans required to be applied apply proportionately to the Revolving LoansU.S. Dollar A Term Loan Commitment, Swingline LoansCanadian Dollar A Term Loan Commitment, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a).
(f) Each reduction or termination of the U.K. A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition C Term Loan Commitment or the Revolving Loan Credit Commitment, as the case may be, of each Bank.
Appears in 1 contract
Sources: Credit Agreement (Fisher Scientific International Inc)
Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the A Term Loan Commitment, B Term Loan Commitment, C Term Loan Commitment, D Term Loan Commitment and Revolving Loan Commitment of each Bank) shall terminate on November 30, 1996 unless the Initial Borrowing Date has occurred on or before such date.
(b) Each of the Total A Term Loan Commitment, the Total B Term Loan Commitment, the Total C Term Loan Commitment and the Total D Term Loan Commitment shall terminate on the Revolving Loan Commitment Termination Initial Borrowing Date.
(b) The Total A Term Loan Commitment shall be reduced (i) on the Closing Date , after giving effect to the amount making of A the Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsdate.
(c) The Total B Term Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall be reduced terminate on the earlier of (i) the date on the Closing Date to the amount which a Change of B Term Loans then outstanding Control Event occurs and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsRevolving Loan Maturity Date.
(d) The In addition to any other mandatory commitment reductions pursuant to this Section 3.03, on each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(c), (d), (e), (f), (g) and (h) is required (and exceeds in amount the aggregate principal amount of Term Loans then outstanding) or would be required if Term Loans were then outstanding, the Total Acquisition Term Revolving Loan Commitment shall be permanently reduced (i) on by the Acquisition Term Loan Commitment Termination Date to amount, if any, by which the amount required to be applied pursuant to said Sections (determined as if an unlimited amount of Acquisition Term Loans were actually outstanding) exceeds the aggregate principal amount of Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentoutstanding.
(e) The Total Revolving Loan Commitment and the Maximum Swingline Amount shall be permanently reduced, in each case, in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a).
(f) Each reduction or termination adjustment of the Total A Term Loan Commitment, the Total B Term Loan Commitment, Acquisition the Total C Term Loan Commitment, the Total D Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 3.03 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition the C Term Loan Commitment, the Total D Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Appears in 1 contract
Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment (and the DM Term Loan Commitment, the Dollar Revolving Loan Commitment and the Foreign Revolving Loan Commitment of each Bank) shall terminate on the Revolving Loan Commitment Termination Expiration Date unless the Restatement Effective Date has occurred on or before such date. Notwithstanding anything to the contrary contained above or in Section 12.10, if the Restatement Effective Date does not occur on or prior to the Commitment Expiration Date, then it shall not thereafter occur (unless the Required Banks agree in writing to an extension of such date), and this Agreement shall cease to be of any force or effect and the Existing Credit Agreement shall continue to be effective, as the same may have been, or may thereafter be, amended, modified or supplemented from time to time.
(b) The In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total A DM Term Loan Commitment (and the DM Term Loan Commitment of each Bank) shall be reduced (i) terminate in its entirety on the Closing Restatement Effective Date (after giving effect to the amount incurrence of A the DM Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(asuch date)) in an aggregate amount equal to such payments.
(c) The Total B Term Loan Commitment shall be reduced In addition to any other mandatory commitment reductions pursuant to this Section 3.03, (i) on the Closing Date to Total Dollar Revolving Loan Commitment (and the amount Dollar Revolving Loan Commitment of B Term Loans then outstanding each DRL Bank) and (ii) the Total Foreign Revolving Loan Commitment (and the Foreign Revolving Loan Commitment of each FRL Bank) shall terminate on the earlier of (i) the date on which any payments a Change of principal on Control occurs and (ii) the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsRevolving Loan Maturity Date.
(d) The In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Acquisition Term Dollar Revolving Loan Commitment shall be permanently reduced (i) on at the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding times, and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payment.
(e) The Total Revolving Loan Commitment and the Maximum Swingline Amount shall be permanently reduced, in each case, in the amount and at the time of any payment on the Loans amounts, required to be applied to the Revolving Loans, Swingline Loans, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to by Section 3.02(B)(a4.02(B)(a).
(f) . Each reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Dollar Revolving Loan Commitment pursuant to this Section 2.02 3.03(d) shall apply proportionately to proportionally and permanently reduce the A Term Dollar Revolving Loan CommitmentCommitment of each DRL Bank.
(e) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the B Term Loan Commitment, Acquisition Term Total Foreign Revolving Loan Commitment or shall be permanently reduced at the times, and in the amounts, required by Section 4.02(B)(a). Each reduction of the Total Foreign Revolving Loan Commitment, as Commitment pursuant to this Section 3.03(e) shall apply to proportionally and permanently reduce the case may be, Foreign Revolving Loan Commitment of each FRL Bank.
Appears in 1 contract
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment shall terminate on the Revolving Loan Commitment Termination Date.
(b) The Total A Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of A Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(c) The Total B Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of B Term Loans then outstanding and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(d) The Total Acquisition Term Loan Commitment Commitments shall be reduced terminate on the earlier of (i) on the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which voluntary reduction by the Borrower pursuant to Section 2.01 of the Acquisition Term Loan Commitment to zero and any payments of principal on amounts not borrowed with respect to the Acquisition Term Loans are made (other then pursuant on or before such date shall cease to Section 3.02(A)(a)) in an aggregate amount equal to such paymentbe available.
(e) The Total Acquisition Term Loan Commitments shall be reduced on the date of each Conversion Event in an aggregate amount equal to the principal amount of Acquisition Term Loans converted into Term Loans.
(f) The Total Revolving Loan Commitment and the Maximum Swingline Amount shall be permanently reduced, in each case, reduced in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Loans or Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a).
(fg) Each reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, the Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, the Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Appears in 1 contract
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment Commitments shall terminate on the Revolving Loan Commitment Termination Date.
(b) The Total A Term Loan Commitment Commitments shall be reduced (i) on the Closing Date terminate as to the amount of any portion of the Total A Term Loans then outstanding Loan Commitments not utilized by the Borrower on the Closing Date.
(c) The Total B Term Loan Commitments shall terminate as to the amount of any portion of the Total B Term Loan Commitments not utilized by the Borrower on the Closing Date.
(d) The Total Term Loan Commitments shall automatically be reduced, on a pro rata basis, between the Total A Term Loan Commitments and the Total B Term Loan Commitments, by the amount of any reduction of the funding necessary for the Refinancing.
(iie) The Total Term Loan Commitments shall be reduced on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(cf) The Each reduction to the Total A Term Loan Commitments or the Total B Term Loan Commitment Commitments or termination of the Total Revolving Loan Commitments pursuant to this Section 2.02 shall be reduced (i) on the Closing Date apply proportionately to the amount of B A Term Loans then outstanding and (ii) on the date on which any payments of principal on Loan Commitment, the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsLoan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
(d) The Total Acquisition Term Loan Commitment shall be reduced (i) on the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payment.
(eg) The Total Revolving Loan Commitment and the Maximum Swingline Amount Commitments shall be permanently reduced, in each case, reduced in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Loans or the Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances Commitment pursuant to Section 3.02(B)(a).
(f) Each reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Appears in 1 contract
Sources: Credit Agreement (Carson Inc)
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment (and the Commitment of each Lender) shall terminate on June 30, 2000, UNLESS the Revolving Loan Commitment Termination DateClosing Date has occurred on or prior to such date.
(b) The Total Term A Term Loan Commitment shall be reduced terminate (iand the Term A Commitment of each Lender shall terminate) on the Closing earlier of (x) the Term A Maturity Date to the amount of A Term Loans then outstanding and (iiy) on the date on which any payments a Change of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsControl occurs.
(c) The Total Term B Term Loan Commitment shall be reduced terminate (iand the Term B Commitment of each Lender shall terminate) on the Closing earlier of (x) the Term B Maturity Date to the amount of B Term Loans then outstanding and (iiy) on the date on which any payments a Change of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentsControl occurs.
(d) The Total Acquisition Term Loan Revolving Commitment (and the Revolving Commitment of each Lender) shall be reduced (i) terminate on the Acquisition Term Loan Commitment Termination earlier of (x) the Revolving Maturity Date to the amount of Acquisition Term Loans then outstanding and (iiy) on the date on which any payments a Change of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such paymentControl occurs.
(e) The Swing Line Commitment shall terminate on the earlier of (x) the Revolving Maturity Date and (y) the date on which a Change of Control occurs.
(f) The Total Revolving Loan Term A Commitment and the Maximum Swingline Amount shall be permanently reduced, in each casewithout premium or penalty, in the amount and at the time of any payment on the each (i) voluntary prepayment of Term A Loans required pursuant to be applied section 5.1, and (ii) Scheduled Repayment or mandatory prepayment of Term A Loans pursuant to section 5.2, in an amount equal to the Revolving Loans, Swingline Loans, Revolving Loan Commitments aggregate principal amount of the Term A Loans so repaid or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a)prepaid.
(fg) Each reduction The Total Term B Commitment shall be permanently reduced, without premium or termination penalty, at the time of each (i) voluntary prepayment of Term B Loans pursuant to section 5.1, and (ii) Scheduled Repayment or mandatory prepayment of Term B Loans pursuant to section 5.2, in an amount equal to the aggregate principal amount of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment Loans so repaid or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bankprepaid.
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Sources: Credit Agreement (Om Group Inc)