Common use of Mandatory Reduction Clause in Contracts

Mandatory Reduction. The unused amount of the Commitment shall be automatically reduced to zero on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Next Level Communications Inc)

Mandatory Reduction. The unused amount of On the Maturity Date, the Commitment shall automatically be automatically reduced to zero on the Maturity Datezero.

Appears in 1 contract

Sources: Credit Agreement (Compusa Inc)

Mandatory Reduction. The unused amount of On the Maturity Date, the Commitment shall ------------------- automatically be automatically reduced to zero on the Maturity Datezero.

Appears in 1 contract

Sources: Credit Agreement (Compusa Inc)

Mandatory Reduction. The unused amount of the Commitment shall be automatically reduced ------------------- to zero on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Signature Resorts Inc)

Mandatory Reduction. The unused amount of the Commitment shall be automatically reduced to ------------------- zero on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Sunterra Corp)