Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date. (b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date. (c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 6 contracts
Sources: Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Ingram Micro Holding Corp)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03 or any other Section of this Agreement, the Total Initial Term Loan Commitment (and the Commitment of each Lender) shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such dateCommitment Termination Date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03 or any other Section of this Agreement, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Commitments of each Lender) shall be reduced:
(i) (immediately after the relevant Loans are made) on each Borrowing Date by the amount of Total Commitment utilized to make the Loans made on such Borrowing Date; and
(ii) on each borrowing date under the Other Term Loan Commitment of each Lender with Facility (immediately after the relevant loans are made on such a Commitment) shall terminate in its entirety on borrowing date under the Incremental Other Term Loan Borrowing Date for such Facility) by the amount of Total Incremental Commitment utilized to make the loans under the Other Term Loan Commitment after the funding of all relevant Incremental Term Loans Facility on such borrowing date.
(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03 or any other Section of this Agreement, the Total Commitment shall be terminated at the times required by Section 4.02.
(d) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 3.03 and Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Commitment of each Lender.
(e) In addition to any other mandatory commitment reductions pursuant to this Section 3.03 or any other Section of this Agreement, the Total Commitment shall be reduced pursuant to Section 3.03 and 3.02 of the Other Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a CommitmentFacility.
Appears in 6 contracts
Sources: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (NCL CORP Ltd.)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 4 contracts
Sources: First Lien Term Loan Credit Agreement (PAE Inc), Second Lien Term Loan Credit Agreement (PAE Inc), Term Loan Credit Agreement (Bway Intermediate Company, Inc.)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02subsection 4.4, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Effective Date after the funding of all Initial Term Loans on such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02subsection 4.4, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 subsection 4.4 as provided above (or pursuant to Section 5.02subsection 4.6) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 3 contracts
Sources: Term Loan Exchange Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, (i) the Total Initial Term Loan Commitment shall terminate terminated in its entirety on the Closing First Restatement Effective Date after the funding of all Initial Term Loans on such date and (ii) the 2021 Incremental Term Loan Commitment shall terminate in its entirety on the Amendment No. 1 Effective Date (after giving effect to the incurrence of the 2021 Incremental Term Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 3 contracts
Sources: First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp), First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp), First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date. In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Term B Loan Commitment shall terminate in its entirety on the Amendment No. 2 Effective Date after the funding of all Additional Term B Loans on such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.
(c) Each reduction to the Total Initial Term Loan Commitment, the Total Term B Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment, the Term B Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Ingram Micro Holding Corp)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Vertiv Holdings Co), Term Loan Credit Agreement (Kemet Corp)
Mandatory Reduction of Commitments. (a) In addition The Total Revolving Loan Commitment shall automatically terminate on the Maturity Date.
(b) Each reduction to any other mandatory commitment reductions the Total Revolving Loan Commitment pursuant to this Section 4.02, 4.03 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Revolving Loan Commitment of each Revolving Lender with such a Revolving Loan Commitment.
(c) The Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).
(bd) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the The Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the date specified in the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such dateAgreement.
(ce) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 4.03 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (OCI Partners LP)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date[Reserved.]
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Lender) shall terminate in its entirety on the earliest to occur of (i) the Revolving Loan Maturity Date, (ii) February 28, 2015, if (and only if) the Borrower’s Pro Forma Liquidity as of such date is less than $200,000,000 (such date of required termination pursuant to this clause (ii), the “Early Termination Date”) and (iii) unless the Required Lenders shall otherwise consent in writing in their sole discretion, a Change of Control.
(c) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment under a given Tranche (and the Incremental Term Loan Commitment of each Lender with in respect of such a CommitmentTranche) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding Tranche of all relevant Incremental Term Loans (after giving effect to the incurrence of Incremental Term Loans of such Tranche on such date).
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 2 contracts
Sources: Credit Agreement (EnerSys), Credit Agreement (EnerSys)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the The Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the The Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(c) Each reduction to the Total Initial Term Loan Commitment and or the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a CommitmentCommitment under such Tranche.
Appears in 2 contracts
Sources: Term Loan Credit Agreement, Term Loan Credit Agreement (OCI Partners LP)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, (i) prior to the Amendment No. 1 Effective Date, the Total Initial Term Loan Commitment terminated in its entirety on the Closing Date and (ii) the 2017 Additional Term Commitment shall terminate in its entirety on the Closing Amendment No. 1 Effective Date (after giving effect to the funding incurrence of all Initial the 2017 Additional Term Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment (and the Total Initial Term Loan Commitment and the Revolving Loan Commitment of each Bank) shall terminate in its entirety on March 31, 1999 (or such earlier date as the Closing US Borrower shall have notified the Agent in writing that it has terminated discussions regarding the Acquisition) unless the Restatement Effective Date after the funding of all Initial Term Loans has occurred on or before such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with Bank) shall (i) terminate in its entirety on the Restatement Effective Date (after giving effect to the incurrence of Term Loans on such a Commitmentdate) and (ii) prior to the termination of the Total Term Loan Commitment as provided in clause (i) above, be reduced from time to time to the extent required by Section 4.02.
(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Bank) shall terminate in its entirety on the Incremental Term Revolving Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such dateMaturity Date.
(cd) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment shall be reduced from time to time to the extent required by Section 4.02.
(e) Each reduction to the Total Initial Term Loan Commitment and the or Total Incremental Term Revolving Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above 3.03 (or pursuant to Section 5.024.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Revolving Loan Commitment under such TrancheCommitment, as the case may be, of each Lender Bank with such a Commitment.
Appears in 1 contract
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, (i) prior to the Amendment No. 1 Effective Date, the Total Initial Term Loan Commitment terminated in its entirety on the Closing Date and (ii) the 2017 Additional Term Commitment shall terminate in its entirety on the Closing ClosingAmendment No. 1 Effective Date (after giving effect to the funding incurrence of all Initial Initial2017 Additional Term Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.62
Appears in 1 contract
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitments (and the Total Initial Term Loan Commitment and the Revolving Loan Commitment of each Lender) shall terminate in its their entirety on September 15, 1999 unless the Closing Initial Borrowing Date after the funding of all Initial Term Loans has occurred on or before such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with Lender) shall (i) terminate in its entirety on the Initial Borrowing Date (immediately after giving effect to the making of the Term Loans on such a date) and (ii) prior to the termination of the Total Term Loan Commitment, be reduced from time to time to the extent required by Section 4.02.
(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Lender) shall terminate in its entirety on the Incremental Term Revolving Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such dateMaturity Date.
(cd) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Revolving Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above 3.03 (or pursuant to Section 5.024.02) shall be applied proportionately to permanently reduce the Initial Term Loan Commitment or the Incremental Term Revolving Loan Commitment under such TrancheCommitment, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Sources: Credit Agreement (Too Inc)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment (and the Total Initial Term Loan Commitment Commitments of each Lender) shall terminate in its entirety on February 24, 2008, unless the Closing Initial Borrowing Date after the funding of all Initial Term Loans has occurred on or prior to such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.03, the Total Initial Term Loan Commitment (and the Initial Term Loan Commitment of each Lender) shall terminate in its entirety on the Initial Borrowing Date (after giving effect to the incurrence of Initial Term Loans on such date).
(c) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment under a given Tranche (and the Incremental Term Loan Commitment under such Tranche of each Lender with such a CommitmentLender) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding Tranche of all relevant Incremental Term Loans (after giving effect to the incurrence of Incremental Term Loans of such Tranche on such date).
(cd) Each reduction In addition to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche any other mandatory commitment reductions pursuant to this Section 4.02 as provided above 4.03, the Total Revolving Loan Commitment (or pursuant to Section 5.02and the Revolving Loan Commitment of each Lender) shall be applied proportionately to reduce terminate in its entirety upon the Initial Term Revolving Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a CommitmentMaturity Date.
Appears in 1 contract
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.3, the Total Initial New Replacement Term B-2 Loan Commitment CommitmentCommitments and New Replacement Term B-1 Loan Commitments of each Lender shall terminate in its entirety on the Closing Amendment No. 12 Effective Date (after giving effect to the funding incurrence of all Initial the Replacement Term B-2 Loans and Replacement Term B-1 Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.3, the Total Incremental Term Revolving Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on on, as applicable, (i) the Revolving Loan Maturity Date, (ii) the Incremental Term Revolving Loan Borrowing Maturity Date or (iii) the Maturity Date for such Total Incremental Term any Other Revolving Loan Commitment after set forth in the funding of all relevant Incremental Term Loans on such dateRefinancing Amendment applicable thereto.
(c) Each reduction to to, or termination of, the Total Initial Term Revolving Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) 4.3 shall be applied to proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Trancheterminate, as the case may be, the Revolving Loan Commitment of each Lender with such a Revolving Loan Commitment.
Appears in 1 contract
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment (and the Total Initial Term Loan Commitment of each Lender) shall terminate in its entirety on March 15, 2007, unless the Closing Initial Borrowing Date after the funding of all Initial Term Loans has occurred on or prior to such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Initial Term Loan Commitment (and the Initial Term Loan Commitment of each Lender) shall terminate in its entirety on the Initial Borrowing Date (after giving effect to the incurrence of Initial Term Loans on such date).
(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such under a Commitment) given Tranche shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding Tranche of all relevant Incremental Term Loans (after giving effect to the incurrence of Incremental Term Loans of such Tranche on such date).
(cd) Each reduction In addition to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche any other mandatory commitment reductions pursuant to this Section 4.02 as provided above 3.03, the Total Revolving Loan Commitment (or pursuant to Section 5.02and the Revolving Loan Commitment of each RL Lender) shall be applied proportionately to reduce terminate in its entirety upon the Initial Term earlier of (i) the Revolving Loan Commitment or Maturity Date and (ii) unless the Incremental Term Loan Commitment under such TrancheRequired Lenders otherwise agree in writing, as on the case may be, date on which a Change of each Lender with such a CommitmentControl occurs.
Appears in 1 contract
Sources: Credit Agreement (Town Sports International Holdings Inc)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment (and the Total Initial Term Loan Commitment and Revolving Loan Commitment of each Lender) shall terminate in its entirety on March 18, 2005 unless the Closing Initial Borrowing Date after the funding of all Initial Term Loans has occurred on or before such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with Lender) shall (i) be reduced on each date on which Term Loans are incurred (after giving effect to the making of Term Loans on such a Commitmentdate) in an amount equal to the aggregate principal amount of Term Loans incurred on such date, (ii) terminate in its entirety (to the extent not theretofore terminated) on the Term Loan Commitment Termination Date (after giving effect to any incurrence of Term Loans on such date) and (iii) be reduced on such dates, and in such amounts, as provided in Section 13.24(f).
(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Lender) shall terminate in its entirety on the Incremental Term Revolving Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such dateMaturity Date.
(cd) Each reduction to the Total Initial Term Revolving Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) 3.03 shall be applied proportionately to reduce the Initial Term Revolving Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a CommitmentRL Lender.
Appears in 1 contract
Sources: Credit Agreement (Intelsat LTD)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment (and the Total Initial Term Loan Commitment and the Revolving Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on April 30, 2004 unless the Closing Initial Borrowing Date after the funding of all Initial Term Loans has occurred on or before such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a CommitmentLender) shall terminate in its entirety on the Incremental Term Loan Initial Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding making of all relevant Incremental Term Loans on such date).
(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Lender) shall terminate in its entirety on the earlier to occur of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders shall otherwise consent in writing in their sole discretion, a Change of Control.
(d) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment shall be permanently reduced from time to time to the extent required by Section 4.02.
(e) Each reduction to the Total Initial Term Loan Commitment and the or Total Incremental Term Revolving Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above 3.03 (or pursuant to Section 5.024.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Revolving Loan Commitment under such TrancheCommitment, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Sources: Credit Agreement (EnerSys)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment ---------------------------------- (and the Total Initial Term Loan Commitment and Revolving Loan Commitment of each Bank) shall terminate in its entirety on July 15, 1999 unless the Closing Initial Borrowing Date after the funding of all Initial Term Loans has occurred on or before such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender Bank with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Initial Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding making of all relevant Incremental the Term Loans on such date).
(c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Bank) shall terminate in its entirety on the Revolving Loan Maturity Date.
(d) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment shall be permanently reduced from time to time to the extent required by Section 4.02.
(e) Each reduction to the Total Initial Term Loan Commitment and the or Total Incremental Term Revolving Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above 3.03 (or pursuant to Section 5.024.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Revolving Loan Commitment under such TrancheCommitment, as the case may be, of each Lender Bank with such a Commitment.
Appears in 1 contract
Sources: Credit Agreement (Pacer Express Inc)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, (i) prior to the Amendment No. 1 Effective Date, the Total Initial Term Loan Commitment terminated in its entirety on the Closing Date and (ii) the 2017 Additional Term Commitment shall terminate in its entirety on the Closing Amendment No. 1 Effective Date (after giving effect to the funding incurrence of all Initial 2017 Additional Term Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, (i) the Total Initial Term Loan Commitment shall terminate terminateterminated in its entirety on the Closing Date after the funding of all Initial Term Loans on such datedate and (ii) the 2018 Additional Term Commitments shall terminate in their entirety on the earlier of (x) the Amendment No. 1 Incremental Effective Date after the funding of all 2018 Additional Term Loans on such date and (y) January 26, 2019.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Sources: First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment (and the Total Initial Term Loan Commitment and the Revolving Loan Commitment of each Bank with such a Commitment) shall terminate in its entirety on January 15, 2000 unless the Closing Effective Date after the funding of all Initial Term Loans has occurred on or before such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender Bank with such a Commitment) shall (i) be reduced on each date on which a Borrowing of Term Loans is effected by an amount equal to the amount of such Borrowing of Term Loans made on such date, (ii) terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment Termination Date (after giving effect to the funding making of all relevant Incremental the Term Loans on such date) and (iii) prior to the termination of the Total Term Loan Commitment as provided in clause (ii) above, be reduced from time to time to the extent required by Section 4.02.
(c) Each reduction In addition to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche any other mandatory commitment reductions pursuant to this Section 4.02 as provided above 3.03, the Total Revolving Loan Commitment (or pursuant to Section 5.02and the Revolving Loan Commitment of each Bank) shall be applied proportionately permanently reduced by the amount set forth opposite each date set forth below (to reduce the Initial Term Loan Commitment or extent any day set forth below is not a Business Day then the Incremental Term Loan Commitment under such Tranche, as required date of the case may be, of each Lender with such a Commitment.commitment reduction shall be the immediately preceding Business Day):
Appears in 1 contract
Sources: Credit Agreement (Ubiquitel Inc)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(cb) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
(c) Unless previously terminated, the Delayed Draw Term Loan Commitments of each Lender shall terminate on the earlier of the making of the Delayed Draw Term Loans that reduces the Delayed Draw Term Loan Commitments of such Lender to zero or the Delayed Draw Term Loan Commitment Expiration Date.
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Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.3, the Total Initial New Replacement Term B-2 Loan Commitment Table of Contents CommitmentCommitments and New Replacement Term B-1 Loan Commitments of each Lender shall terminate in its entirety on the Closing Amendment No. 12 Effective Date (after giving effect to the funding incurrence of all Initial the Replacement Term B-2 Loans and Replacement Term B-1 Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.3, the Total Incremental Term Revolving Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on on, as applicable, (i) the Revolving Loan Maturity Date, (ii) the Incremental Term Revolving Loan Borrowing Maturity Date or (iii) the Maturity Date for such Total Incremental Term any Other Revolving Loan Commitment after set forth in the funding of all relevant Incremental Term Loans on such dateRefinancing Amendment applicable thereto.
(c) Each reduction to to, or termination of, the Total Initial Term Revolving Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) 4.3 shall be applied to proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Trancheterminate, as the case may be, the Revolving Loan Commitment of each Lender with such a Revolving Loan Commitment.
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Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, (i) prior to the Amendment No. 1 Effective Date, the Total Initial Term Loan Commitment terminated in its entirety on the Closing Date and (ii) the 2017 Additional Term Commitment shall terminate in its entirety on the Closing ClosingAmendment No. 1 Effective Date (after giving effect to the funding incurrence of all Initial Initialthe 2017 Additional Term Loans on such date).
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
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Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate terminated in its entirety on the Closing First Restatement Effective Date after the funding of all Initial Term Loans on such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.
(c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (VERRA MOBILITY Corp)
Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, The Total Commitment (and the Total Initial Term Loan Commitment and the Revolving Loan Commitment of each Bank with such a Commitment) shall terminate in its entirety on December 31, 1997 unless the Closing Initial Borrowing Date after the funding of all Initial Term Loans has occurred on or before such date.
(b) In addition to any other mandatory commitment reductions pursuant to this Section 4.024.03, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender Bank with such a Commitment) shall (i) terminate in its entirety on the Incremental Term Loan Initial Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding making of all relevant Incremental the Term Loans on such date) and (ii) prior to the termination of the Total Term Loan Commitment as provided in clause (i) above, be reduced from time to time to the extent required by Section 5.02.
(c) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate on the Revolving Loan Maturity Date.
(d) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Revolving Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) 4.03 shall be applied proportionately to reduce the Initial Term Loan Commitment or and the Incremental Term Revolving Loan Commitment under such TrancheCommitment, as the case may be, of each Lender Bank with such a Commitment.
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Mandatory Reduction of Commitments. (ao) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date (after giving effect to the funding incurrence of all Initial Term Loans on such date).
(ba) In addition to any other mandatory commitment reductions pursuant to this Section 4.023.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment Commitment Agreement (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment (after giving effect to the funding incurrence of all the relevant Incremental Term Loans on such date).
(cb) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 3.02 as provided above (or pursuant to Section 5.024.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.
Appears in 1 contract
Sources: Term Loan Credit Agreement (Performance Sports Group Ltd.)