Mandatory Changes in Commitments Sample Clauses
Mandatory Changes in Commitments. The Aggregate Commitments in effect on any date of determination shall be equal to the sum of (a) $75,000,000 less (b) the Voluntary Commitment Reduction Amount as at such date; provided that the Aggregate Commitments in effect on any date occurring during any Reduced Commitment Period shall be equal to the lesser of (i) the sum of $75,000,000 less the Voluntary Commitment Reduction Amount as at such date, and (ii) $30,000,000. The amount of the Commitments shall automatically (and without notice to or from the Borrower) be deemed to ratably (x) decrease as of the first day of each Reduced Commitment Period, and (y) increase as of the last day of each Reduced Commitment Period; in each case (x) and (y), to the extent necessary to comply with the preceding sentence.
Mandatory Changes in Commitments. The Aggregate Commitments in effect on any date of determination shall be equal to the sum of (a) the Stated Commitment Amount less (b) the Voluntary Commitment Reduction Amount as at such date; provided that the Aggregate Commitments in effect on any date occurring during any Reduced Commitment Period shall be equal to the lesser of (i) the sum of the Stated Commitment Amount less the Voluntary Commitment Reduction Amount as at such date, and (ii) $50,000,000. The amount of the Commitments shall automatically (and without notice to or from the Borrower) be deemed to ratably (x) decrease as of the first day of each Reduced Commitment Period, and (y) increase as of the last day of each Reduced Commitment Period; in each case (x) and (y), to the extent necessary to comply with the preceding sentence.