Common use of Mandatory Clause in Contracts

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 23 contracts

Sources: Credit Agreement (Post Holdings, Inc.), Credit Agreement (Tutor Perini Corp), Credit Agreement (Tutor Perini Corp)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 18 contracts

Sources: Credit Agreement (DocGo Inc.), Credit Agreement (Digital Turbine, Inc.), Credit Agreement (Ligand Pharmaceuticals Inc)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Aggregate Revolving Credit Facility Commitments at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 8 contracts

Sources: Credit Agreement (Hecla Mining Co/De/), Credit Agreement (Bandwidth Inc.), Credit Agreement (Hecla Mining Co/De/)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 8 contracts

Sources: Credit Agreement (Quidel Corp /De/), Credit Agreement (Quidel Corp /De/), Credit Agreement (Quidel Corp /De/)

Mandatory. If If, after giving effect to any reduction or termination of the Revolving Credit Commitments under this Section 2.06Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Revolving Credit Facility at Facility, such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 6 contracts

Sources: Credit Agreement (Pebblebrook Hotel Trust), Credit Agreement (Pebblebrook Hotel Trust), Credit Agreement (Armada Hoffler Properties, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 5 contracts

Sources: Credit Agreement (Chase Corp), Credit Agreement (NV5 Global, Inc.), Credit Agreement (U S Physical Therapy Inc /Nv)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit unused Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility amount of the Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 5 contracts

Sources: Credit Agreement (At Home Group Inc.), Credit Agreement (At Home Group Inc.), Credit Agreement (At Home Group Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit Sublimit, the Alternative Currency Sublimit, or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit Sublimit, the Alternative Currency Sublimit, or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 4 contracts

Sources: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 4 contracts

Sources: Credit Agreement (Tandem Diabetes Care Inc), Credit Agreement (Biomarin Pharmaceutical Inc), Credit Agreement (Biomarin Pharmaceutical Inc)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Swing Line Sublimit or the Letter of Credit Sublimit or Sublimit, as the Swing Line Sublimit case may be, exceeds the Revolving Credit Facility at such time, the Swing Line Sublimit or the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 4 contracts

Sources: Credit Agreement (Carriage Services Inc), Credit Agreement, Credit Agreement (Carriage Services Inc)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit the Aggregate Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 3 contracts

Sources: Credit Agreement (USD Partners LP), Master Assignment, Assignment of Liens, and Amendment No. 1 to Amended and Restated Credit Agreement (USD Partners LP), Credit Agreement (USD Partners LP)

Mandatory. If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the aggregate Revolving Credit Facility at Commitments, such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, sublimit shall be automatically reduced by the amount of such excess.

Appears in 3 contracts

Sources: Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 3 contracts

Sources: Credit Agreement (Cavco Industries Inc.), Credit Agreement (Comscore, Inc.), Credit Agreement (Comscore, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.04, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 3 contracts

Sources: Abl Credit Agreement (Ciena Corp), Abl Credit Agreement (Ciena Corp), Abl Credit Agreement

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.05, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Conagra Brands Inc.), Revolving Credit Agreement (Conagra Brands Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, Sublimit shall be automatically reduced by the amount of such excess.

Appears in 2 contracts

Sources: Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc)

Mandatory. If If, after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Loan Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Loan Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 2 contracts

Sources: Credit Agreement (Apria Healthcare Group Inc), Credit Agreement (Ahny-Iv LLC)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 2 contracts

Sources: Credit Agreement (Lulu's Fashion Lounge Holdings, Inc.), Credit Agreement (Lulu's Fashion Lounge Holdings, Inc.)

Mandatory. If after giving effect to any reduction or termination of the Revolving Credit Commitments Facility under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 2 contracts

Sources: Credit Agreement (Radiant Logistics, Inc), Credit Agreement (Radiant Logistics, Inc)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Commvault Systems Inc), Credit Agreement (Spectrum Pharmaceuticals Inc)

Mandatory. If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Facility Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 2 contracts

Sources: Credit Agreement (At Home Group Inc.), Credit Agreement (At Home Group Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.. 87 US-DOCS\117476656.1136335661.3

Appears in 1 contract

Sources: Credit Agreement (Tutor Perini Corp)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit the Aggregate Commitments under this Section 2.062.07, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility Total Outstandings at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Vontier Corp)

Mandatory. (i) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility amount of the Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, and Swingline Sublimit shall be automatically reduced by the amount of such excess. (ii) The aggregate Revolving Credit Commitments shall automatically and permanently be reduced to zero on the Maturity Date.

Appears in 1 contract

Sources: Abl Credit Agreement (V2X, Inc.)

Mandatory. (i) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Life Technologies Corp)

Mandatory. If after giving effect to any reduction or termination of the Revolving Credit Commitments Facility under this Section 2.06, the Letter of Credit Sublimit, the Alternative Currency Sublimit or the Swing Line Swingline Sublimit exceeds the Aggregate Revolving Credit Facility Commitments at such time, the Letter of Credit Sublimit, the Alternative Currency Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility Amount at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess. Once any Borrowing is made under the Term Facility, any remaining unutilized Term Commitments shall automatically terminate.

Appears in 1 contract

Sources: Credit Agreement (Genpact LTD)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility aggregate amount of the Lender’s Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Tile Shop Holdings, Inc.)

Mandatory. (i) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Halozyme Therapeutics, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit Sublimit, or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Babcock & Wilcox Enterprises, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Higher One Holdings, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Total Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Total Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Key Energy Services Inc)

Mandatory. If after giving effect to any reduction or termination of the Revolving Credit Commitments Facility under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (GENTHERM Inc)

Mandatory. If after giving effect to any reduction or termination of the Revolving Credit Commitments Facility under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility Borrowing Limit at such time, the Letter of Credit Sublimit or and/or the Swing Line Swingline Sublimit, as the case may beapplicable, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Resources Connection, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (NPK International Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit Sublimit, or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Ibotta, Inc.)

Mandatory. If (i) If, after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the amount of the Revolving Credit Facility Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, and Swingline Sublimit shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Seagate Technology Holdings PLC)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.. 13813663v6

Appears in 1 contract

Sources: Credit Agreement (Cavco Industries Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excessexcess (the “Reduction Amount”).

Appears in 1 contract

Sources: Credit Agreement (Hackett Group, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit, the Swing Line Sublimit or the Swing Line Multicurrency Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit Sublimit, or the Swing Line Sublimit or the Multicurrency Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Standex International Corp/De/)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit, the Swing Line Sublimit or the Swing Line Multicurrency Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit, the Swing Line Sublimit or the Swing Line Multicurrency Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Standex International Corp/De/)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit the Aggregate Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility Aggregate Commitments at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Bob Evans Farms Inc)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments any unused Commitment under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (BJ Services, Inc.)

Mandatory. If after giving effect to any reduction or termination of unused Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at amount of the Aggregate Commitments, such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Ames True Temper, Inc.)

Mandatory. If If, after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Loan Sublimit exceeds the aggregate amount of the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Loan Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (DJO Finance LLC)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Enfusion, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit CHAR1\1759258v10 exceeds the Aggregate Revolving Credit Facility Commitments at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (KnowBe4, Inc.)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.062.6, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Susser Holdings CORP)

Mandatory. (i) [Intentionally Omitted]. (ii) If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Integra Lifesciences Holdings Corp)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06‎2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Transcat Inc)

Mandatory. If after giving effect to any reduction or termination of the Aggregate Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Aggregate Revolving Credit Facility Commitments at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Revolving Credit Agreement (Parsons Corp)

Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments Facility under this Section 2.062.06(a), the Letter of Credit Sublimit or the Swing Line Swingline Sublimit exceeds the Revolving Credit Facility Line Cap at such time, the Letter of Credit Sublimit or the Swing Line Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

Appears in 1 contract

Sources: Credit Agreement (Us Xpress Enterprises Inc)