Common use of Mandatory Revolving Credit Terminations Clause in Contracts

Mandatory Revolving Credit Terminations. If at any time Net Cash Proceeds remain after the prepayment of the Acquisition Financing Notes and Term Notes in full pursuant to Section 3.7(d) hereof, the Acquisition Financing Commitments and the Revolving Credit Commitments shall terminate by an amount equal to 100% of such excess proceeds (first to the Acquisition Financing Commitments until reduced to zero and then to the Revolving Credit Commitments).

Appears in 1 contract

Sources: Credit Agreement (Everest One Ipa Inc)

Mandatory Revolving Credit Terminations. If at any time Net Cash Proceeds or Net Issuance Proceeds remain after the prepayment of the Acquisition Financing Notes and Financing/Term Notes in full pursuant to Section 3.7(d3.7(e) or (f) hereof, the Acquisition Financing Commitments and the Revolving Credit Commitments shall terminate by an amount equal to 100% of such excess proceeds (first to the Acquisition Financing Commitments until reduced to zero and then to the Revolving Credit Commitments).

Appears in 1 contract

Sources: Credit Agreement (Home Dialysis of Columbus Inc)