Common use of Mandatory Adjustments of Commitments, etc Clause in Contracts

Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment shall terminate on November 30, 1999 if the Initial Borrowing Date has not yet occurred. (b) The Total A Term Loan Commitment and Total B Term Loan Commitment shall terminate in its entirety on the Initial Borrowing Date (after giving effect to the making of A Term Loans and B Term Loans on such date). (c) The Total Revolving Commitment (and the Revolving Commitment of each RC Lender) shall terminate in its entirety on the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree, the date on which any Change of Control occurs. (d) The Total Revolving Commitment shall be reduced at the time of any mandatory repayment of Term Loans pursuant to Section 4.02(A)(d), (e), (f), (g), (h) or (i) if Term Loans were then outstanding, in an amount, if any, by which the amount of such repayment (determined as if an unlimited amount of Term Loans were then outstanding) exceeds the aggregate amount of Term Loans then outstanding. (e) Each reduction of the Total A Term Loan Commitment, Total B Term Loan Commitment or the Total Revolving Commitment pursuant to this Section 3.03 (or pursuant to Section 4.02) shall apply proportionately to the A Term Commitment, B Term Commitment or the Revolving Commitment, as the case may be, of each Lender with such a Commitment.

Appears in 1 contract

Sources: Credit Agreement (Unilab Corp /De/)

Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment shall terminate on November 30, 1999 if the Initial Borrowing Date has not yet occurred. (b) The Total A Term Loan Commitment and Total B Term Loan Commitment shall terminate in its entirety on October 18, 2002 unless the Initial Borrowing Date has occurred on or before such date. (b) Each of the Total A-1 Term Loan Commitment and the Total A-2 Term Loan Commitment shall terminate on the Initial Borrowing Date, immediately after giving effect to the making of A Term Loans and B Term Loans on such date). (c) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RC Lender) shall terminate in its entirety on the earlier of (ix) the date on which a Change of Control Event occurs and (y) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree, the date on which any Change of Control occursDate. (d) The Total Revolving Commitment shall be reduced at the time of any On each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(d4.02(A)(c), (d), (e), (f), (g), (h) or (i) is required (and exceeds in amount the aggregate principal amount of Term Loans then outstanding) or would be required if an unlimited amount of Term Loans were then outstanding, in an amount, if any, by which the amount of such repayment required to be applied pursuant to said Sections (determined as if an unlimited amount of Term Loans were then actually outstanding) exceeds the aggregate principal amount of Term Loans then outstandingoutstanding shall be applied to permanently reduce the Total Revolving Loan Commitment; PROVIDED, HOWEVER, that in no event shall any reduction otherwise required pursuant to this Section 3.03(d) reduce the Total Revolving Loan Commitment to an amount less than $75,000,000. (e) Each reduction or adjustment of the Total A A-1 Term Loan Commitment, the Total B A-2 Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 3.03 (or pursuant to Section 4.02) shall apply proportionately to the A A-1 Term Loan Commitment, B the A-2 Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Lender with such a Commitment.

Appears in 1 contract

Sources: Credit Agreement (Dade Behring Holdings Inc)

Mandatory Adjustments of Commitments, etc. (a) The Each of the Total ------------------------------------------ Commitment shall terminate on November 30Term A Commitment, 1999 if the Initial Borrowing Date has not yet occurred. (b) The Total A Term Loan B Commitment and the Total B Term Loan C Commitment shall terminate in its entirety on the Initial Borrowing Restatement Effective Date (after giving effect to the making Borrowings of Term A Loans, Term B Loans and B Term Loans C Loans, respectively, on such date). (c) The Total Revolving Commitment (and the Revolving Commitment of each RC Lender) shall terminate in its entirety on the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree, the date on which any Change of Control occurs. (db) The Total Revolving Commitment shall be reduced at in an amount of $17,500,000 on each of the time last Business Day of any each March, June, September and December commencing September 2001 (each such reduction, a "Scheduled RF Reduction"). (c) On each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(d), (e), (f), (g), (h) or (i) is required, or would be required if any Acquisition Loans or Term Loans were then outstanding, in an the Total Revolving Commitment shall be permanently reduced by the amount, if any, by which the amount of such repayment (determined as that would be required to be repaid pursuant to said Sections if an unlimited amount of Acquisition Loans and Term Loans were actually then outstanding) outstanding exceeds the aggregate principal amount of Acquisition Loans and Term Loans then outstanding. (d) The Total Revolving Commitment (and the Revolving Commitment of each Bank) shall terminate on the earlier of (x) the RF Maturity Date and (y) the date on which a Change of Control occurs. (e) Each partial reduction of the Total A Term Loan Commitment, Total B Term Loan Commitment or the Total Revolving Commitment pursuant to provided for in this Section 3.03 (or pursuant to Section 4.02) shall apply proportionately PRO RATA to the A Term Commitment, B Term Revolving Commitment or the Revolving Commitment, as the case may be, (if any) of each Lender with such a CommitmentBank.

Appears in 1 contract

Sources: Credit Agreement (Interstate Hotels Co)

Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Term Commitment shall terminate on November 30, 1999 if the Initial Borrowing Date has not yet occurred. (b) The Total A Term Loan Commitment and Total B Term Loan Commitment shall terminate in its entirety on the Initial Borrowing Restatement Effective Date (after giving effect to the making of A Term Loans and the B Term Loans on such date). (cb) The Total Revolving AR Commitment (and the Revolving Commitment of each RC Lender) shall terminate in its entirety on the earlier earliest of (ix) the AR Termination Date, (y) the Revolving Loan Maturity Facility Termination Date and (iiz) unless the Required Lenders otherwise agree, the date on which any Change of Control occurs. (c) The Total AR Commitment shall be reduced on the date, if any, upon which the Loan Conversion occurs in an aggregate amount of $100 million. (d) The Total Revolving AR Commitment shall be reduced at the time of that any required mandatory repayment of Term Loans and AR Loans would be made prior to the AR Termination Date pursuant to Section 4.02(A)(d4.02(A)(c), (d), (e), (f), (g), (h) or (ig) if Term Loans and AR Loans were then outstanding, outstanding in an amount, if any, by which the amount of such required repayment (determined as if an unlimited amount of Term such Loans were then outstanding) exceeds the aggregate amount of Term Loans and AR Loans then outstanding. (e) Each partial reduction of the Total A Term Loan Commitment, Total B Term Loan Commitment or the Total Revolving AR Commitment pursuant to this Section 3.03 shall apply (or x) if made pursuant to Section 4.02clause (c) shall apply above, to each Bank in an amount equal to the AR Loans of such Bank converted into A Term Loans pursuant to the Loan Conversion and, if such reduction is in excess of such converted AR Loans, then as provided in clause (y) below, and (y) to the extent clause (x) is not applicable, proportionately to the A Term AR Commitment, B Term Commitment or the Revolving Commitment, as the case may beif any, of each Lender with such a CommitmentBank.

Appears in 1 contract

Sources: Acquisition Credit Agreement (Universal Outdoor Inc)

Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment shall terminate in its entirety on November 30March 31, 1999 if 1997 unless the Initial Borrowing Date has not yet occurredoccurred on or before such date. (b) The Total A Term Loan Commitment and Total B Term Loan Commitment shall terminate in its entirety on the Initial Borrowing Date (Date, after giving effect to the making of A Term Loans and B Term Loans on such date). (c) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RC LenderBank) shall terminate in its entirety on the earlier of (ix) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree, the date on which any a Change of Control occursEvent occurs and (y) the Maturity Date. (d) The Total Revolving Commitment shall be reduced at the time of any On each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(d4.02(A)(c), (d), (e), (f), (g), ) or (h) is required (and exceeds in amount the aggregate principal amount of Term Loans then outstanding) or (i) would be required if an un- limited amount of Term Loans were then outstanding, in an the Total Revolving Loan Commitment shall be permanently reduced by the amount, if any, by which the amount of such repayment required to be applied pursuant to said Sections (determined as if an unlimited amount of Term Loans were then actually outstanding) exceeds the aggregate principal amount of Term Loans then outstanding. Notwithstanding anything to the contrary contained in the immediately preceding sentence, in no event shall the Total Revolving Loan Commitment be reduced to an amount less than $25,000,000 pursuant to or as a result of this Section 3.03(d). (e) Each reduction or adjustment of the Total A Term Loan Commitment, Total B Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 3.03 (or pursuant to Section 4.02) shall apply proportionately to the A Term Commitment, B Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Lender Bank with such a Commitment.

Appears in 1 contract

Sources: Credit Agreement (Wesley Jessen Visioncare Inc)

Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment (and the Total Term Commitment and the Total Revolving Commitment) shall terminate on November September 30, 1999 if the Initial Borrowing Date has not yet occurred. (b) The Total A Term Loan Commitment and Total B Term Loan Commitment shall terminate in its entirety on the Initial Borrowing Date (after giving effect to the making of A Term Loans and B Term Loans on such date). (c) The Total Revolving Commitment (and the Revolving Commitment of each RC Lender) shall terminate in its entirety on the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree, the date on which any Change of Control occurs. (d) The Total Revolving Commitment shall be reduced at the time of any mandatory repayment of Term Loans pursuant to Section 4.02(A)(d4.02(A)(c), (d), (e), (f), (g), (h) or (ih) if Term Loans were then outstanding, in an amount, if any, by which the amount of such repayment (determined as if an unlimited amount of Term Loans were then outstanding) exceeds the aggregate amount of Term Loans then outstanding. (e) Each partial reduction of the Total A Term Loan Commitment, Total B Term Loan Commitment or the Total Revolving Commitment pursuant to this Section 3.03 (or pursuant to Section 4.02) shall apply proportionately to the A Term Commitment, B Term Revolving Commitment or the Revolving Commitment, as the case may be, of each Lender with such a CommitmentRC Lender.

Appears in 1 contract

Sources: Credit Agreement (Hci Direct Inc)

Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment (and the A Term Commitment, B Term Commitment and Revolving Commitment of each Bank) shall terminate in its entirety on November 30, 1999 if the Expiration Date unless the Initial Borrowing Date has not yet occurredoccurred on or before such date. (b) The Each of the Total A Term Loan Commitment and Total B Term Loan Commitment shall terminate in its entirety on the Initial Borrowing Date (after giving effect to the making of A Term Loans and B Term Loans on such date). (c) The Total Revolving Commitment (and the Revolving Commitment of each RC Lender) shall terminate in its entirety on the earlier of (i) the Revolving Loan RF Maturity Date and (ii) unless the Required Lenders otherwise agree, the date on which any Change of Control occurs. (d) The Total Revolving Commitment shall be reduced at on each of the time of any dates set forth below in the aggregate amount specified opposite such date (each, a "Scheduled Reduction"). Date Amount ----- ------- November 13, 2000 $ 5,000,000 November 13, 2001 $10,000,000 (e) On each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(d4.02(A)(c), (d), (e), (f), (g), ) or (h) is required (and exceeds in amount the aggregate principal amount of Term Loans then outstanding) or (i) would be required if Term Loans were then outstanding, in an the Total Revolving Commitment shall be permanently reduced by the amount, if any, by which the amount of such repayment required to be applied pursuant to said Section (determined as if an unlimited amount of Term Loans were then actually outstanding) exceeds the aggregate principal amount of Term Loans then outstanding. (ef) Each partial reduction of the Total A Term Loan Commitment, Total B Term Loan Commitment or the Total Revolving Commitment pursuant to this Section 3.03 (or pursuant to Section 4.02) shall apply proportionately to the A Term Commitment, B Term Revolving Commitment or the Revolving Commitment, as the case may be, of each Lender with such a CommitmentBank.

Appears in 1 contract

Sources: Credit Agreement (Amtrol Inc /Ri/)