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Common use of Termination or Reduction Clause in Contracts

Termination or Reduction. Following its making of the Tranche B-1 Term Loan on the Closing Date, the Tranche B-1 Commitment of the Fronting Lender shall terminate. Following its making of the Tranche B-2 Term Loan on the Closing Date, the Tranche B-2 Commitment of the Fronting Lender shall terminate.

Appears in 2 contracts

Sources: Senior Secured Superpriority Debtor in Possession Term Loan Credit Agreement (DIEBOLD NIXDORF, Inc), Senior Secured Superpriority Debtor in Possession Term Loan Credit Agreement (DIEBOLD NIXDORF, Inc)

Related Clauses

  • Voluntary Termination or Reduction
  • Effect of Termination or Reduction
  • Notice of Voluntary Termination or Reduction
  • Termination or Reduction of the Commitments
  • Termination or Reduction of Commitment

Parent Clauses

  • Termination Reduction or Increase of the Commitments
  • The Credits
  • AMOUNTS AND TERMS OF THE ADVANCES
  • Termination or Reduction of Revolving Commitments
  • AMOUNT AND TERMS OF COMMITMENTS

Sub-Clauses

  • Mandatory
  • Optional
  • Termination or Reduction of Total L/C Commitments
  • Termination or Reduction of Total Revolving Commitments
  • Revolving Commitment Reduction Fee
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