Mandatory Commitment Reductions. (a) Scheduled Reductions under Revolving Loan Commitments. Commencing ----------------------------------------------------- March 31, 2003, and on the last day of each calendar quarter ending during the periods set forth below, the Revolving Loan Commitments as of March 30, 2003 shall be automatically and permanently reduced until reduced to zero by the percentage amounts set forth below: Quarterly Percentage of Revolving Loan Commitment as of Reduction Dates March 30, 2003 --------------- -------------- March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 1.500% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 5.500% March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 7.000% March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 7.375% March 31, 2007 and June 30, 2007 7.250%
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Mandatory Commitment Reductions. (a) Scheduled Reductions under Revolving Loan Commitments. Commencing ----------------------------------------------------- March 31, 2003, and on the last day of each calendar quarter ending during the periods set forth below, the Revolving Loan Commitments as of March 30, 2003 shall be automatically and permanently reduced until reduced to zero by the percentage dollar amounts set forth below: Quarterly Percentage Amount of Revolving Reduction Dates Loan Commitment as of Reduction Dates March 30, 2003 --------------- -------------- ------------------------------------------------- -------------------------- March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 1.500% $ 9,706,637.58 March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 5.500% $35,591,004.47 March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 7.000% $45,297,642.05 March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 7.375% $47,724,301.45 March 31, 2007 and June 30, 2007 7.250%$46,915,414.99
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Mandatory Commitment Reductions. (a) Scheduled Reductions under the Revolving Loan CommitmentsCommitment. Commencing ----------------------------------------------------- March 31on June 30, 2003, 2002 and on at the last day end of each calendar fiscal quarter ending during the periods set forth belowthereafter, the Revolving Loan Commitments Commitment as of March 30June 29, 2003 2002 shall be automatically and permanently reduced until reduced to zero by the percentage amounts amount set forth below: Quarterly below for the dates indicated (which reductions are in addition to those set forth elsewhere in this Agreement): Percentage of Reduction to Revolving Loan Commitment as of Scheduled Reduction Dates March June 29, 2002 ------------------------- --------------------- June 30, 2003 --------------- -------------- 2002, September 30, 2002, December 31, 2002 and March 31, 2003, 2003 3.75% June 30, 2003, September 30, 2003 and 2003, December 31, 2003 1.500% and March 31, 2004, 2004 3.75% June 30, 2004, September 30, 2004 and 2004, December 31, 2004 5.500% and March 31, 2005, 2005 5.00% June 30, 2005, September 30, 2005 and 2005, December 31, 2005 7.000% and March 31, 2006, 2006 6.25% June 30, 2006, September 30, 2006 and 2006, December 31, 2006 7.375% March 31, 2007 and June 30, 2007 7.250Revolving Loan Maturity Date 6.25%
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Mandatory Commitment Reductions. (a) Scheduled Reductions under Revolving Loan CommitmentsReductions. Commencing ----------------------------------------------------- March 31, 20032000, and on at the last day end -------------------- of each calendar quarter ending during the periods set forth belowthereafter, the Revolving Loan Commitments Commitment (based upon the Commitment as of March 30January 1, 2003 2000) shall be automatically and permanently reduced until reduced to zero by the percentage amounts as set forth below: Quarterly Percentage below (which reductions are in addition to those set forth in Section 2.5(b) and Section 2.6 hereof): ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ of Revolving Loan Reduction of Commitment Dates of Commitment Reduction as of Reduction Dates January 1, 2000 ----------------------------- ---------------------- March 31, 2000, June 30, 2003 --------------- -------------- 2000, September 30, 2000 and December 31, 2000 0.78125% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 2.18750% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 3.43750% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 1.5004.37500% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 5.5005.62500% March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 7.0006.25000% March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 7.375% March 31, 2007 and June 30, 2007 7.2509.37500%
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