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Common use of Mandatory Reduction Clause in Contracts

Mandatory Reduction. The Commitments hereunder shall terminate on the Maturity Date.

Appears in 3 contracts

Sources: 364 Day Credit Agreement (Dial Corp /New/), Credit Agreement (Dycom Industries Inc), 364 Day Credit Agreement (Dial Corp /New/)

Mandatory Reduction. The Commitments hereunder shall automatically terminate on the Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

Related Clauses

  • Mandatory Reductions
  • Mandatory Reduction of Commitments
  • Voluntary Reduction
  • Voluntary Reductions
  • Mandatory Repayments

Parent Clauses

  • Termination and Reduction of Commitments
  • Reduction of the Commitments
  • AMOUNTS AND TERMS OF THE ADVANCES
  • Permanent Reduction of the Revolving Credit Commitment
  • Revolving Credit Facility

Sub-Clauses

  • Asset Dispositions
  • Debt Issuances
  • Insurance or Condemnation Events
  • Administrative Agent’s Fee
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