Automatic Reduction of Commitment. On each Reduction Date, the Commitment shall automatically be reduced by the applicable Reduction Amount.
Automatic Reduction of Commitment. Subject to the last sentence of Section 2.7(a), on each Reduction Date, the Commitment Amount shall automatically be reduced by the applicable Reduction Amount.
Automatic Reduction of Commitment. Subject to the last sentence of Section 2.6, on each Reduction Date, the Aggregate Commitment shall automatically be reduced by the applicable Reduction Amount.
Automatic Reduction of Commitment. The Commitment shall be permanently reduced by the amount of (a) each Letter of Credit that, after the date hereof, (i) expires by its terms, (ii) is terminated or cancelled and returned to Bank, or (iii) is drawn by the beneficiary thereof, and (b) any permanent reduction in the face amount of any Letter of Credit.
Automatic Reduction of Commitment. The Commitment available for Supplemental Loans under Section 2.01(a) shall automatically be reduced to $15,000,000 on the first day of the Second Drawdown Period and to $5,000,000 on the first day of the Third Drawdown Period, subject in each case to Section 3.02.
Automatic Reduction of Commitment. In the event that Borrower does not submit a Request for Loan on the Closing Date for the full amount of the Commitment, the Commitment shall automatically reduce on the Closing Date to an amount equal to the amount so set forth in such Request for Loan.
Automatic Reduction of Commitment. The Commitment shall be --------------------------------- permanently reduced as of the date upon which a Cash Equity Contribution is required to be made under the Keep-Well Agreement by an amount equal to the Banks' Percentage of the portion thereof (if any) attributable to the amount subtracted from the numerator of the Leverage Ratio pursuant to the calculation set forth in Section 2(a) of the Keep-Well Agreement. Any reduction of the ---- Commitment under this Section shall be applied to reduce the Reduction Amount for the most remote Reduction Date (to the extent of such reduction) and thereafter to earlier Reduction Dates (to the extent not previously applied) in the reverse order of their occurrence.
Automatic Reduction of Commitment. On the Availability Termination Date, the Commitment shall automatically be reduced to an amount equal to the aggregate principal Indebtedness evidenced by the Notes.
Automatic Reduction of Commitment. The Commitment shall automatically reduce by the amount of $1,600,000 on each Reduction Date.
Automatic Reduction of Commitment. Paragraph (a) of Section 2.06 of the Loan Agreement (Reduction of Commitment) is hereby deleted in its entirety.
