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Common use of Termination and Reduction of Aggregate Maximum Credit Amounts Clause in Contracts

Termination and Reduction of Aggregate Maximum Credit Amounts. (a) Scheduled Termination of Commitments. Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

Appears in 3 contracts

Sources: Credit Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc)

Related Clauses

  • Optional Termination and Reduction of Aggregate Credit Amounts
  • Termination or Reduction of Aggregate Revolving Commitments
  • Termination and Reduction of Revolving Commitments
  • Termination or Reduction of Revolving Commitments
  • Termination or Reduction of Revolving Credit Commitments

Parent Clauses

  • The Credits
  • Now, therefore
  • Divisions
  • Payments Generally
  • Miscellaneous

Sub-Clauses

  • Scheduled Termination of Commitments
  • Optional Termination and Reduction of Aggregate Credit Amounts
  • Optional Termination and Reduction of Aggregate Maximum Credit Amounts
  • Reduction/Termination of Aggregate Elected Commitments; Additional Lenders; Increase in Aggregate Elected Commitments
  • Scheduled and Mandatory Reductions of Aggregate Maximum Commitment Amounts
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