Commitment Reductions definition

Commitment Reductions means the amount of the permanent reductions of the Revolving Credit Commitment Amount resulting from the application of Sections 2.11, 2.13 or 7.08 or any other provision contained herein.
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Commitment Reductions. The commitments under Revolving Credit Facility/Letter of Credit facility shall be mandatorily reduced in the amount of the above described mandatory prepayments (other than with respect to mandatory prepayments relating to Recovery Events) in the same manner as set forth in the Existing Credit Agreement (for the avoidance of doubt, as if the Relief Period were in effect).
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Commitment Reductions. The Senior Credit Facilities may be prepaid at any time in whole or in part without premium or penalty, upon written notice, at the option of the applicable Borrower, except (x) that any prepayment of LIBOR advances other than at the end of the applicable interest periods therefor shall be made with reimbursement for any funding losses and redeployment costs of the Lenders resulting therefrom and (y) as set forth in “Repayment Premium” below. Each optional prepayment of the Term Loan Facility shall be applied as directed by the Company. The unutilized portion of any commitment under the Senior Credit Facilities may be reduced permanently or terminated by the Company at any time without penalty.
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Examples of Commitment Reductions in a sentence

  • Prepayments and --------------------------------------------------------- Commitment Reductions.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions...

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions.

  • Notification of Advances, Interest Rates, Prepayments and Aggregate Revolving Loan Commitment Reductions 54 Section 2.16.

  • Prepayments and Aggregate ----------------------------------------------------------------------- Revolving Loan Commitment Reductions.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions .

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions..

  • Mandatory Repayments and Commitment Reductions: Same as the Existing Credit Agreement.

  • Each such prepayment and reduction of the Available Commitments and Scheduled Commitment Reductions shall be allocated ratably among the Revolving Lenders in accordance with their respective Pro Rata Shares.

  • Voluntary Revolving Loan Commitment and Delayed Draw Term Loan Commitment Reductions.


More Definitions of Commitment Reductions

Commitment Reductions means the amount of the permanent reductions of the Commitment Amount resulting from the application of Sections 2.08, 2.10 or 7.08 or any other provision contained herein.
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Commitment Reductions. As set forth in the Existing Term Loan Credit Agreement.
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Commitment Reductions. Whenever a prepayment is made to the Revolving Credit Facility in connection with a sale or disposition referred to in clause (a) of the Section above entitled "Mandatory Prepayments", the Collateral Agent or the Administrative Agent shall have the right to reduce the Revolving Credit Facility commitments by an amount up to the amount of the payment applied to the Revolving Credit Facility.
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Commitment Reductions. As set forth in the Existing ABL Credit Agreement.
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Commitment Reductions. The Borrowers will have the right, upon at least three business days' notice, to terminate or cancel, in whole or in part, the unused portion of the Revolving Credit Facility; provided that each partial reduction shall be in the amount of at least $10,000,000 or an integral multiple of $5,000,000 in excess thereof.
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Related to Commitment Reductions