Mandatory Commitment Reductions. (a) Scheduled Reductions in Facility A Commitment. Commencing March 31, 2000 and at the end of each calendar quarter thereafter, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to the percentage of the Facility A Commitment as in effect on the Agreement Date, as set forth below: Amount of Dates of Facility A Commitment Reductions Each Reduction ----------------------------------------- -------------- March 31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000 2.500% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 5.000% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 6.250% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 7.500%
Mandatory Commitment Reductions. (i) The Aggregate Revolving Commitment shall be automatically and permanently reduced to $0 on the Revolving Loan Maturity Date.
Mandatory Commitment Reductions. ... 26 Section 2.6
Mandatory Commitment Reductions. (a) The Aggregate Commitment ------------------------------- shall be automatically and permanently reduced by the following amounts (or such lesser amount as a result of reductions pursuant to Section 2.7(c)) on the -------------- following dates: Date Reduction Amount ---- ---------------- December 31, 1998 $3,000,000 December 31, 1999 $3,000,000 December 31, 2000 $4,000,000 November 26, 2001 $40,000,000
Mandatory Commitment Reductions. The Initial Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of Initial Loans to be made by it on the Closing Date. The Delayed Draw Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 on the earlier of (x) the funding of the Delayed Draw Term Loans on the Delayed Draw Funding Date and (y) the last day of the Delayed Draw Availability Period (in each case, after giving effect to the funding of any Delayed Draw Term Loans on such day). The Term Commitment of each Term Lender with respect to Incremental Term Loans, any Refinancing Term Loan or any Term Loan Extension Series shall be automatically and permanently reduced to $0 upon the funding of Term Loans to be made by it on the date set forth in the corresponding Incremental Amendment, Refinancing Amendment or Extension Amendment. The Revolving Commitment of each Revolving Credit Lender shall automatically and permanently terminate on the Maturity Date for the applicable Class of Revolving Commitments; provided that (x) the foregoing shall not release any Revolving Credit Lender from any liability it may have for its failure to fund Revolving Loans, L/C Advances or participations in Swing Line Loans that were required to be funded by it on or prior to such Maturity Date and (y) the foregoing will not release any Revolving Credit Lender from any obligation to fund its portion of L/C Advances or participations in Swing Line Loans with respect to Letters of Credit issued or Swing Line Loans made prior to such Maturity Date.
Mandatory Commitment Reductions. 28 SECTION 2.6 VOLUNTARY COMMITMENT REDUCTIONS............................30 SECTION 2.7
Mandatory Commitment Reductions. 16 2.8. Method of Selecting Types and Interest Periods for New Advances.................................................. 17 2.9. Conversion and Continuation of Outstanding Advances........... 17 2.10. Interest Rate; Changes in Interest Rate, etc. ................ 18 2.11. Rates Applicable After Default................................ 18 2.12.
Mandatory Commitment Reductions. (a) The Aggregate Commitment shall be automatically and permanently reduced by the following amounts (or such lesser amount as a result of reductions pursuant to SECTION 2.7(c)) on the following dates: DATE REDUCTION AMOUNT ---- ---------------- June 30, 1999 $ 1,000,000 June 30, 2000 $ 2,000,000 June 30, 2001 $ 2,000,000 July 30, 2002 $10,000,000
Mandatory Commitment Reductions. (a) Scheduled Reductions under the Revolving Loan Commitment. Commencing on September 30, 2000 and at the end of each fiscal quarter thereafter, the Revolving Loan Commitment as of September 29, 2000 shall be automatically and permanently reduced by the percentage amount set forth below for and on the dates indicated (which reductions are in addition to those set forth elsewhere in this Agreement): Percentage Reduction to Revolving Loan Commitment as of Reduction Dates September 29, 2000 --------------- ------------------ September 30, 2000 and December 31, 2000 5.000% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 3.750% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 5.000% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 6.250% March 31, 2005 and June 30, 2005 7.500%
Mandatory Commitment Reductions. Upon the occurrence of an Originations Reduction Event, any existing Commitments (other than with respect to then outstanding Borrowing requests under Section 2.1) shall be terminated unless the Administrative Agent and the Borrower otherwise agree in writing.
