Mandatory Adjustments of Commitments, etc. (a) The Total Commitment shall terminate in its entirety on April 9, 1999 unless the Initial Borrowing Date has occurred on or before such date. (b) The Total Term Loan Commitment shall terminate in its entirety on the Initial Borrowing Date, after giving effect to the making of the Term Loans on such date. (c) The Total Revolving Loan Commitment shall terminate in its entirety on the Revolving Loan Maturity Date. (d) Each reduction or adjustment of the Total Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 3.03 shall apply proportionately to the Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank with such a Commitment.
Appears in 3 contracts
Sources: Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp)