Mandatory Reduction or Termination of Commitments. (i) The Total Revolving Loan Commitment shall be automatically and permanently reduced by an amount equal to the maximum amount that would be required to be applied as a mandatory prepayment of the Swing Line Loans and the Revolving Loans pursuant to Section 2.07(c)(iii), (iv), (v) or (vi) (without regard to the actual usage of such Commitment), such reduction to be effective on the date of the required prepayment.
Mandatory Reduction or Termination of Commitments. (a) The Total Commitment (and the A Term Loan Commitment, the B Term Loan Commitment and the Revolving Loan Commitment of each Lender) shall terminate in their entirety on July 31, 2005 unless the Initial Borrowing Date has occurred on or prior to such date.
Mandatory Reduction or Termination of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, (i) the remaining unfunded portion of Total US A Term Loan Commitment (and the US A Term Loan Commitment of each Lender) with respect to the Delayed Draw Term Loan shall terminate in its entirety on the Delayed Draw Funding Deadline and (ii) the Total Canadian A Term Loan Commitment (and the Canadian A Term Loan Commitment of each Lender) shall terminate in their entirety on the Effective Date (after the incurrence of the respective Tranches of Term Loans on such date).
Mandatory Reduction or Termination of Commitments. (a) The Total Commitment (and the US A Term Loan Commitment, the Canadian A Term Loan Commitment, the Euro A Term Loan Commitment, the Revolving Loan Commitment and the Canadian Revolving Loan Commitment of each Lender) shall terminate in their entirety on July 31, 2010 unless the Initial Borrowing Date has occurred on or prior to such date.
Mandatory Reduction or Termination of Commitments. (a) The Total Commitment shall automatically and irrevocably terminate at 5:00 p.m. (New York City time) on the Termination Date.
Mandatory Reduction or Termination of Commitments. (a) Promptly upon receipt by the Borrower or any Subsidiary of any Net Cash Proceeds from any sale of, or any Net Securities Proceeds from any financing secured by, any Designated Asset, the Commitments shall be reduced by an amount (rounded down, if necessary, to an integral multiple of $1,000,000) equal to (i) the aggregate amount of all Net Cash Proceeds and all Net Securities Proceeds from all sales of, and financings secured by, Designated Assets after March 1, 1998 minus (ii) the aggregate amount of all such Net Cash Proceeds and Net Securities Proceeds previously applied to reduce the Commitments pursuant to this sentence; provided that the amount of the reduction of the Commitments required pursuant to this clause (a) in respect of (x) the Designated Media Play Stores shall not exceed $11,000,000 and (y) the Franklin Distribution Center shall not exceed $22,000,000.
Mandatory Reduction or Termination of Commitments. (a) If at any time the Total Loan Commitment exceeds the Maximum Principal Amount, the Total Loan Commitment shall be immediately and automatically reduced to equal the Maximum Principal Amount.
Mandatory Reduction or Termination of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total US A Term Loan Commitment (and the US A-1 Term Loan Commitment and US A-2 Term Loan Commitment of each Lender) shall terminate in its entirety on the Third Amendment Effective Date (after the incurrence of the respective Tranches of Term Loans on such date). (b) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total Incremental Term Loan Commitment under a given Tranche shall (i) be permanently reduced on each Incremental Term Loan Borrowing Date in respect of such Tranche in an amount equal to the aggregate principal amount of Incremental Term Loans of such Tranche incurred on each such date, (ii) terminate in its entirety (to the extent not theretofore terminated) on the Incremental Commitment Termination Date for such Tranche of Incremental Term Loans (after giving effect to any Incremental Term Loans of such Tranche to be made on such date) and (iii) prior to the termination of the Total Incremental Term Loan Commitment in respect of such Tranche, be permanently reduced from time to time to the extent required by Section 5.02(j). (c) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, (i) the Total Revolving Loan Commitment (other than Extended Revolving Loan Commitments) shall terminate in its entirety on the Initial Revolving Loan Maturity Date and (ii) the Total Revolving Loan Commitment remaining in effect after the Initial Revolving Loan Maturity Date shall terminate in its entirety upon the Revolving Maturity Date applicable to any Extended Revolving Loan Commitments. (d) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total Revolving Loan Commitment shall be permanently reduced from time to time to the extent required by Section 5.02(j). (e) Each reduction to, and/or termination of, the Total Revolving Loan Commitment pursuant to this Section 4.03 shall be applied proportionately to permanently reduce, and/or terminate, the Revolving Loan Commitment of each Revolving Lender. Each reduction to, and/or termination of, the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.03 shall be applied proportionately to permanently reduce, and/or terminate, the Incremental Term Loan Commitment of each Lender with such a Commitment under such Tranche; provided, however, any mandatory reduction to the ...
Mandatory Reduction or Termination of Commitments. Effective as of the date hereof, the following is added to the end of Section 2.11(b) of the Agreement, to read as follows: In addition, on the date the Borrower or any Subsidiary receives funds from mortgages on Real Property, the Commitments shall automatically be reduced by the amount of such funds received, which amount shall not be less than 75% of the appraisal value of such Real Property as determined by the appraisal described in Section 8.13(f) and the Borrower shall simultaneously prepay the amount by which the unpaid principal amount of the Advances plus the Letter of Credit Liabilities exceeds the Commitments (after giving effect to such reduction) plus accrued and unpaid interest on the principal amount so prepaid.
Mandatory Reduction or Termination of Commitments. (i) The Total Revolving Loan Commitment shall be automatically reduced on each Commitment Reduction Date set forth in column (A) below by the amount (subject to reduction pursuant to clause (iv) below) set forth in column (B) below opposite such Commitment Reduction Date:
